Harmonic Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	360.52	488.2	388.48	624.96	507.15
Revenue Growth (YoY)	-26.15%	25.67%	-37.84%	23.23%	33.87%
Cost of Revenue	185.78	248.09	210.36	309.07	247.41
Gross Profit	174.75	240.11	178.12	315.88	259.74
Selling, General & Admin	81.38	79.17	78.27	146.72	138.09
Depreciation & Amortization Expenses	-	-	-	-	0.51
Research & Development	76.33	72.57	69.71	120.31	102.23
Other Operating Expenses	2.95	13.63	0.11	3.34	0.11
Operating Income	14.08	74.73	30.03	45.52	18.81
Interest Expense	-3.8	-6.47	-2.03	-5.04	-10.63
Other Non-Operating Income (Expense)	-1.42	3.27	-0.16	4.01	0.69
Total Non-Operating Income (Expense)	-5.22	-3.2	-2.18	-1.03	-9.94
Pretax Income	8.86	71.54	27.85	44.49	8.87
Provision for Income Taxes	7.65	20.82	-60.49	16.3	-4.38
Net Income	-43.31	39.22	83.99	28.18	13.25
Earnings From Discontinued Operations	-44.53	-11.5	-4.34	-	-
Net Income to Common	-43.31	39.22	83.99	28.18	13.25
Net Income Growth	-	-53.31%	198.04%	112.63%	-
Shares Outstanding (Basic)	114	115	112	105	101
Shares Outstanding (Diluted)	114	117	117	112	106
Shares Change (YoY)	-2.81%	0.10%	4.43%	5.85%	9.49%
EPS (Basic)	-0.38	0.34	0.75	0.27	0.13
EPS (Diluted)	-0.38	0.33	0.72	0.25	0.12
EPS Growth	-	-54.17%	188.00%	108.33%	-
Free Cash Flow	96.89	52.73	-1.42	-3.77	28.04
Free Cash Flow Growth	83.74%	-	-	-	303.02%
Free Cash Flow Per Share	0.85	0.45	-0.01	-0.03	0.26
Gross Margin	48.47%	49.18%	45.85%	50.54%	51.22%
Operating Margin	3.91%	15.31%	7.73%	7.28%	3.71%
Profit Margin	0.34%	10.39%	22.74%	4.51%	2.61%
FCF Margin	26.87%	10.80%	-0.36%	-0.60%	5.53%
EBITDA	25.16	86.87	42.28	57.78	31.86
EBITDA Margin	6.98%	17.79%	10.88%	9.25%	6.28%
EBIT	14.08	74.73	30.03	45.52	18.81
EBIT Margin	3.91%	15.31%	7.73%	7.28%	3.71%
Effective Tax Rate	86.28%	29.10%	-217.25%	36.65%	-49.41%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.