Calix Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 28, 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	1,060	1,000	831.52	1,040	867.83	679.39
Revenue Growth (YoY)	28.38%	20.26%	-20.02%	19.79%	27.73%	25.53%
Cost of Revenue	454.85	431.69	377.92	521.28	432.4	322.81
Gross Profit	604.9	568.32	453.59	518.32	435.43	356.59
Selling, General & Admin	364.1	356.97	316.76	314.96	250.82	181.69
Research & Development	201.02	190.36	179.87	177.77	131.99	101.75
Other Operating Expenses	-	-	-	-	-	-0.79
Total Operating Expenses	565.12	547.33	496.63	492.73	382.82	282.65
Operating Income	39.79	20.99	-43.03	25.59	52.61	73.94
Total Non-Operating Income (Expense)	12.6	13.18	11.39	9.17	1.43	-1.28
Pretax Income	52.39	34.17	-31.65	34.76	54.04	72.65
Provision for Income Taxes	-18.51	-16.28	1.9	-5.43	-13.03	165.72
Net Income	33.88	17.88	-29.75	29.33	41.01	238.38
Net Income to Common	33.88	17.88	-29.75	29.33	41.01	238.38
Net Income Growth	-	-	-	-28.49%	-82.80%	611.92%
Shares Outstanding (Basic)	66	66	66	66	65	63
Shares Outstanding (Diluted)	68	69	66	69	69	68
Shares Change (YoY)	3.46%	5.20%	-4.96%	0.59%	1.55%	9.45%
EPS (Basic)	0.52	0.27	-0.45	0.44	0.63	3.77
EPS (Diluted)	0.48	0.26	-0.45	0.42	0.60	3.51
EPS Growth	-	-	-	-30.00%	-82.91%	550.00%
Shares Outstanding	64.4	67.12	66.43	65.05	65.74	64.27
Free Cash Flow	109.13	115.52	50.35	38.4	13.12	46.33
Free Cash Flow Growth	-5.53%	129.45%	31.12%	192.74%	-71.69%	6.29%
Free Cash Flow Per Share	1.60	1.67	0.76	0.55	0.19	0.68
Gross Margin	57.08%	56.83%	54.55%	49.86%	50.17%	52.49%
Operating Margin	3.75%	2.10%	-5.18%	2.46%	6.06%	10.88%
Profit Margin	3.20%	1.79%	-3.58%	2.82%	4.73%	35.09%
FCF Margin	10.30%	11.55%	6.05%	3.69%	1.51%	6.82%
EBITDA	57.6	38.7	-23.48	42.22	66.93	88.95
EBITDA Margin	5.44%	3.87%	-2.82%	4.06%	7.71%	13.09%
EBIT	39.79	20.99	-43.03	25.59	52.61	73.94
EBIT Margin	3.75%	2.10%	-5.18%	2.46%	6.06%	10.88%
Effective Tax Rate	-35.33%	-47.66%	-6.00%	-15.63%	-24.11%	228.10%

Updated Mar 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q