Harmonic Inc. (HLIT)

Harmonic Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 26, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	635.71	678.72	607.91	624.96	507.15	378.83
Revenue Growth (YoY)	1.93%	11.65%	-2.73%	23.23%	33.87%	-5.97%
Cost of Revenue	281.1	312.34	294.68	308.54	246.84	182.74
Gross Profit	354.61	366.38	313.23	316.42	260.31	196.09
Selling, General & Admin	157.8	160.85	167.01	146.72	138.09	119.61
Research & Development	113.75	112.5	117.35	120.31	102.23	82.49
Amortization of Goodwill & Intangibles	-	-	-	-	0.51	3.02
Operating Expenses	271.55	273.34	284.36	267.02	240.82	205.12
Operating Income	83.06	93.04	28.87	49.39	19.49	-9.03
Interest Expense	-6.4	-7.33	-2.7	-5.04	-10.63	-11.51
Currency Exchange Gain (Loss)	2.4	2.4	-0.2	-0.3	0.6	-1
Other Non Operating Income (Expenses)	3.63	-0.28	-0.14	4.31	0.09	0.1
EBT Excluding Unusual Items	82.68	87.83	25.84	48.36	9.55	-21.44
Merger & Restructuring Charges	-3.37	-16.43	-1.5	-3.87	-0.68	-3.42
Asset Writedown	-2.25	-12.71	-	-	-	-
Other Unusual Items	-0.76	-0.76	-5.2	-	-	-1.36
Pretax Income	76.31	57.93	19.14	44.49	8.87	-26.22
Income Tax Expense	26.68	18.72	-64.85	16.3	-4.38	3.05
Net Income	49.63	39.22	83.99	28.18	13.25	-29.27
Net Income to Common	49.63	39.22	83.99	28.18	13.25	-29.27
Net Income Growth	-41.58%	-53.31%	198.04%	112.63%	-	-
Shares Outstanding (Basic)	115	115	112	105	101	97
Shares Outstanding (Diluted)	115	117	117	112	106	97
Shares Change (YoY)	-1.34%	0.10%	4.43%	5.85%	9.49%	8.26%
EPS (Basic)	0.43	0.34	0.75	0.27	0.13	-0.30
EPS (Diluted)	0.43	0.33	0.72	0.25	0.12	-0.30
EPS Growth	-41.86%	-54.17%	188.00%	108.33%	-	-
Free Cash Flow	133.46	52.73	-1.42	-3.77	28.04	6.96
Free Cash Flow Per Share	1.16	0.45	-0.01	-0.03	0.26	0.07
Gross Margin	55.78%	53.98%	51.53%	50.63%	51.33%	51.76%
Operating Margin	13.06%	13.71%	4.75%	7.90%	3.84%	-2.38%
Profit Margin	7.81%	5.78%	13.82%	4.51%	2.61%	-7.73%
Free Cash Flow Margin	20.99%	7.77%	-0.23%	-0.60%	5.53%	1.84%
EBITDA	94.24	105.18	41.12	61.65	32.54	6.67
EBITDA Margin	14.82%	15.50%	6.77%	9.87%	6.42%	1.76%
D&A For EBITDA	11.18	12.14	12.26	12.26	13.05	15.71
EBIT	83.06	93.04	28.87	49.39	19.49	-9.03
EBIT Margin	13.06%	13.71%	4.75%	7.90%	3.84%	-2.38%
Effective Tax Rate	34.97%	32.31%	-	36.65%	-	-
Revenue as Reported	635.71	678.72	607.91	624.96	507.15	378.83
Advertising Expenses	-	0.3	0.5	0.7	1	1.1

Updated Sep 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q