Calix, Inc. (CALX)

NYSE: CALX · Real-Time Price · USD

37.98

+0.50 (1.33%)

At close: Aug 7, 2026, 4:00 PM EDT

37.76

-0.22 (-0.58%)

After-hours: Aug 7, 2026, 7:34 PM EDT

Calix Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	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	1,111	1,000	831.52	1,040	867.83	679.39
Revenue Growth	27.84%	20.26%	-20.02%	19.79%	27.73%	25.53%
Gross Profit	628.73	568.32	453.59	518.32	435.43	356.59
Operating Income	61.25	20.99	-43.03	25.59	52.61	73.94
Net Income	51.19	17.88	-29.75	29.33	41.01	238.38
Earnings Per Share	0.74	0.26	-0.45	0.42	0.60	3.51
EPS Growth	-	-	-	-30.00%	-82.91%	550.00%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Appliance	-	825.65	694.15	931.47
Software and Service	-	174.36	137.37	108.13
Revenue (Total)	1,111	1,000	831.52	1,040

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	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
Cash & Investments	194.3	388.1	297.09	220.35	241.72	204.34
Total Debt	11.22	12.76	3.72	7.42	8.44	12.38
Net Cash (Debt)	183.08	375.35	293.37	212.93	233.27	191.96
Net Cash Growth	-38.15%	27.94%	37.78%	-8.72%	21.52%	58.85%
Net Cash Per Share	2.67	5.42	4.45	3.07	3.39	2.83

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	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
Operating Cash Flow	109.51	134.95	68.4	56.25	27.18	56.79
Capital Expenditures	-24.09	-19.44	-18.05	-17.86	-14.07	-10.46
Free Cash Flow	85.42	115.52	50.35	38.4	13.12	46.33
Free Cash Flow Growth	19.44%	129.45%	31.12%	192.74%	-71.69%	6.29%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	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
Gross Margin	56.58%	56.83%	54.55%	49.86%	50.17%	52.49%
Operating Margin	5.51%	2.10%	-5.18%	2.46%	6.06%	10.88%
Pretax Margin	6.53%	3.42%	-3.81%	3.34%	6.23%	10.69%
Profit Margin	4.61%	1.79%	-3.58%	2.82%	4.73%	35.09%
FCF Margin	7.69%	11.55%	6.05%	3.69%	1.51%	6.82%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 8, 2026	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
PE Ratio	51.85	203.58	-	104.02	114.05	22.78
Forward PE	20.00	31.72	65.79	28.02	59.28	90.15
P/FCF Ratio	28.00	30.75	46.01	74.02	342.96	110.94
PS Ratio	2.15	3.55	2.79	2.73	5.18	7.57