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	Jun 27, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	689.08	678.72	607.91	624.96	507.15	378.83
Revenue Growth (YoY)	24.14%	11.65%	-2.73%	23.23%	33.87%	-5.97%
Cost of Revenue	306.87	312.34	294.68	308.54	246.84	182.74
Gross Profit	382.21	366.38	313.23	316.42	260.31	196.09
Selling, General & Admin	157.16	160.85	167.01	146.72	138.09	119.61
Research & Development	114.1	112.5	117.35	120.31	102.23	82.49
Operating Expenses	271.25	273.34	284.36	267.02	240.82	205.12
Operating Income	110.96	93.04	28.87	49.39	19.49	-9.03
Interest Expense	-7.91	-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)	-0.42	-0.28	-0.14	4.31	0.09	0.1
EBT Excluding Unusual Items	105.03	87.83	25.84	48.36	9.55	-21.44
Merger & Restructuring Charges	-2.56	-16.43	-1.5	-3.87	-0.68	-3.42
Asset Writedown	-5.35	-12.71	-	-	-	-
Other Unusual Items	-0.76	-0.76	-5.2	-	-	-1.36
Pretax Income	96.36	57.93	19.14	44.49	8.87	-26.22
Income Tax Expense	27.71	18.72	-64.85	16.3	-4.38	3.05
Net Income	68.65	39.22	83.99	28.18	13.25	-29.27
Net Income to Common	68.65	39.22	83.99	28.18	13.25	-29.27
Net Income Growth	21.02%	-53.31%	198.04%	112.63%	-	-
Shares Outstanding (Basic)	116	115	112	105	101	97
Shares Outstanding (Diluted)	118	117	117	112	106	97
Shares Change (YoY)	2.87%	0.10%	4.43%	5.85%	9.49%	8.26%
EPS (Basic)	0.59	0.34	0.75	0.27	0.13	-0.30
EPS (Diluted)	0.58	0.33	0.72	0.25	0.12	-0.30
EPS Growth	16.91%	-54.17%	188.00%	108.33%	-	-
Free Cash Flow	118.16	52.73	-1.42	-3.77	28.04	6.96
Free Cash Flow Per Share	1.00	0.45	-0.01	-0.03	0.26	0.07
Gross Margin	55.47%	53.98%	51.53%	50.63%	51.33%	51.76%
Operating Margin	16.10%	13.71%	4.75%	7.90%	3.84%	-2.38%
Profit Margin	9.96%	5.78%	13.82%	4.51%	2.61%	-7.73%
Free Cash Flow Margin	17.15%	7.77%	-0.23%	-0.60%	5.53%	1.84%
EBITDA	122.18	105.18	41.12	61.65	32.54	6.67
EBITDA Margin	17.73%	15.50%	6.77%	9.87%	6.42%	1.76%
D&A For EBITDA	11.22	12.14	12.26	12.26	13.05	15.71
EBIT	110.96	93.04	28.87	49.39	19.49	-9.03
EBIT Margin	16.10%	13.71%	4.75%	7.90%	3.84%	-2.38%
Effective Tax Rate	28.76%	32.31%	-	36.65%	-	-
Revenue as Reported	689.08	678.72	607.91	624.96	507.15	378.83
Advertising Expenses	-	0.3	0.5	0.7	1	1.1

Updated Jul 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q