Harmonic Inc. (HLIT)

NASDAQ: HLIT · Real-Time Price · USD

11.84

+0.16 (1.37%)

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

12.00

+0.16 (1.35%)

After-hours: Aug 7, 2026, 7:44 PM EDT

Harmonic 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	Apr '26 Apr 3, 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	349.08	360.52	488.2	388.48	624.96	507.15
Revenue Growth	-45.59%	-26.15%	25.67%	-37.84%	23.23%	33.87%
Gross Profit	159.79	174.75	240.11	178.12	315.88	259.74
Operating Income	24.4	14.08	74.73	30.03	45.52	18.81
Net Income	-41.94	-43.31	39.22	83.99	28.18	13.25
Earnings Per Share	-0.37	-0.38	0.33	0.72	0.25	0.12
EPS Growth	-	-	-54.17%	188.00%	108.33%	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 3, 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
Americas	351.98	320.57	449.35	335.15	452.87	335.73
Europe, Middle East and Africa (EMEA)	35.73	33.89	36.42	50.99	133.1	126.43
Asia Pacific (APAC)	9.63	6.06	2.43	2.33	38.99	44.99
Total	397.34	360.52	488.2	388.48	624.96	507.15

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 3, 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	109	124.11	101.46	84.27	89.59	133.43
Total Debt	131.06	133.18	134.68	156.05	160.78	191.1
Net Cash (Debt)	-22.06	-9.08	-33.22	-71.78	-71.2	-57.66
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.20	-0.08	-0.28	-0.61	-0.63	-0.54

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 3, 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	56.05	107.97	61.92	7.06	5.48	41.02
Capital Expenditures	-10.61	-11.08	-9.19	-8.48	-9.25	-12.98
Free Cash Flow	45.44	96.89	52.73	-1.42	-3.77	28.04
Free Cash Flow Growth	-58.52%	83.74%	-	-	-	303.02%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 3, 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	45.77%	48.47%	49.18%	45.85%	50.54%	51.22%
Operating Margin	6.99%	3.91%	15.31%	7.73%	7.28%	3.71%
Pretax Margin	5.65%	2.46%	14.65%	7.17%	7.12%	1.75%
Profit Margin	1.41%	0.34%	10.39%	22.74%	4.51%	2.61%
FCF Margin	13.02%	26.87%	10.80%	-0.36%	-0.60%	5.53%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 9, 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	156.11	-	40.09	18.11	52.40	98.00
Forward PE	18.51	17.29	13.66	22.29	20.12	27.89
P/FCF Ratio	28.27	11.35	29.29	-	-	43.18
PS Ratio	3.23	3.05	3.16	3.77	2.30	2.39