Harmonic Inc. (HLIT)

Harmonic Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	443.88	360.52	488.2	388.48	624.96	507.15
Revenue Growth	11.20%	-26.15%	25.67%	-37.84%	23.23%	33.87%
Gross Profit Gross Profit Growth	221.98	174.75	240.11	178.12	316.42	260.31
Operating Income Operating Income Growth	53.19	17.03	88.36	30.14	49.39	19.49
Net Income Net Income Growth	-47.14	-43.31	39.22	83.99	28.18	13.25
Earnings Per Share EPS Growth	-0.43	-0.38	0.33	0.71	0.25	0.12
EPS Growth	-	-	-53.42%	185.19%	108.33%	-

Revenue by Geography

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Americas Americas Growth	392.3	320.57	449.35	335.15	452.87	335.73
Europe, Middle East and Africa (EMEA) Europe, Middle East and Africa (EMEA) Growth	38.38	33.89	36.42	50.99	133.1	126.43
Asia Pacific (APAC) Asia Pacific (APAC) Growth	13.21	6.06	2.43	2.33	38.99	44.99
Total Total Growth	443.88	360.52	488.2	388.48	624.96	507.15

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	231.86	124.11	101.46	84.27	89.59	133.43
Total Debt Total Debt Growth	130.12	133.18	134.68	156.05	160.78	191.1
Net Cash (Debt) Net Cash Growth	101.74	-9.08	-33.22	-71.78	-71.2	-57.66
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	0.92	-0.08	-0.28	-0.61	-0.63	-0.54

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	62.32	107.97	61.92	7.06	5.48	41.02
Capital Expenditures CapEx Growth	-8.41	-11.08	-9.19	-8.48	-9.25	-12.98
Free Cash Flow Free Cash Flow Growth	53.91	96.89	52.73	-1.42	-3.77	28.04
Free Cash Flow Growth	-54.38%	83.74%	-	-	-	303.02%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	50.01%	48.47%	49.18%	45.85%	50.63%	51.33%
Operating Margin	11.98%	4.72%	18.10%	7.76%	7.90%	3.84%
Pretax Margin	10.83%	2.46%	14.65%	7.17%	7.12%	1.75%
Profit Margin	-10.62%	-12.01%	8.03%	21.62%	4.51%	2.61%
FCF Margin	12.14%	26.87%	10.80%	-0.36%	-0.60%	5.53%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	50.45	-	39.31	17.42	49.01	91.01
Forward PE	17.29	17.29	13.66	22.29	20.12	27.89
P/FCF Ratio	24.32	11.46	29.24	-	-	43.01
PS Ratio	2.95	3.08	3.16	3.77	2.21	2.38

Data Source: S&P Global Market Intelligence Last updated: Aug 12, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error