CALX
$36.08+1.23%
Calix IncStock · TechnologyRussell 2000 · 0.07% of IWMUS Stock Market · 0.003% of VTIRussell 3000 · 0.003% of IWV
CALX financial statements
The full income statement, balance sheet, and cash-flow statement for Calix Inc (CALX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 65.8M2024-09 66.3M2024-12 66.7M2025-03 64.8M2025-06 65.3M2025-09 66.3M2025-12 65.6M2026-03 63.8M2026-06 63.0M-4.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.00B+20.3% | 832M-20.0% | 1.04B+19.8% | 868M+27.7% | 679M+25.5% | |
| 568M+25.3% | 454M-12.5% | 518M+19.0% | 435M+22.1% | 357M+33.5% | ||
| Cost of revenue | 432M+14.2% | 378M-27.5% | 521M+20.6% | 432M+33.9% | 323M+17.7% | |
| 547M+10.2% | 497M+0.8% | 493M+28.7% | 383M+35.4% | 283M+22.8% | ||
| Research & development | 190M+5.8% | 180M+1.2% | 178M+34.7% | 132M+29.7% | 102M+19.3% | |
| Selling, general & administrative | 108M+9.6% | 98.9M-1.5% | 100M+31.6% | 76.3M+36.7% | 55.8M+25.5% | |
| General & administrative | 108M+9.6% | 98.9M-1.5% | 100M+31.6% | 76.3M+36.7% | 55.8M+25.5% | |
| Selling & marketing | 249M+14.1% | 218M+1.5% | 215M+22.9% | 175M+38.6% | 126M+33.7% | |
| Restructuring | — | — | 0.00 | 0.00+100.0% | -786K-112.5% | |
| Operating income | 21.0M+148.8% | -43.0M-268.2% | 25.6M-51.4% | 52.6M-28.8% | 73.9M+100.7% | |
| Other non-operating income | -256K+73.2% | -955K-79.5% | -532K+7.8% | -577K+34.6% | -882K+9.7% | |
| Pre-tax income | 34.2M+208.0% | -31.6M-191.0% | 34.8M-35.7% | 54.0M-25.6% | 72.7M+111.9% | |
| Income tax | 16.3M+957.5% | -1.90M-135.0% | 5.43M-58.3% | 13.0M+107.9% | -166M-20815.5% | |
| Net income | 17.9M+160.1% | -29.7M-201.4% | 29.3M-28.5% | 41.0M-82.8% | 238M+611.9% | |
| $0.26+157.8% | -$0.45-207.1% | $0.42-30.0% | $0.60-82.9% | $3.51+550.0% | ||
| EPS (basic) | $0.27+160.0% | -$0.45-202.3% | $0.44-30.2% | $0.63-83.3% | $3.77+561.4% | |
| Weighted-avg shares (basic) | 66.0M+0.2% | 65.9M-0.2% | 66.0M+1.4% | 65.1M+2.8% | 63.3M+7.1% | |
| Weighted-avg shares (diluted) | 69.3M+5.2% | 65.9M-5.0% | 69.3M+0.6% | 68.9M+1.6% | 67.9M+9.4% | |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 692M+18.3% | 585M-2.2% | 598M+9.2% | 547M+33.8% | 409M+53.3% | ||
| Cash & equivalents | 143M+231.5% | 43.2M-31.9% | 63.4M-19.8% | 79.1M+54.0% | 51.3M-36.5% | |
| Short-term investments | 245M | — | — | — | — | |
| Cash & short-term investments | 388M | — | — | — | — | |
| Accounts receivable | 99.4M+25.3% | 79.3M-37.1% | 126M+34.4% | 93.8M+10.1% | 85.2M+22.8% | |
| Inventory | 134M+30.2% | 103M-22.8% | 133M-10.8% | 149M+67.8% | 88.9M+70.0% | |
| Prepaid expenses | 70.3M-33.4% | 106M-11.0% | 119M+89.2% | 62.7M+103.5% | 30.8M+169.9% | |
| 1.06B+12.7% | 939M-0.3% | 942M+6.4% | 885M+19.2% | 742M+73.6% | ||
| Property, plant & equipment | 37.8M+21.4% | 31.2M+5.7% | 29.5M+14.0% | 25.8M+18.6% | 21.8M+6.9% | |
| Operating lease right-of-use | 14.7M+135.9% | 6.22M-32.9% | 9.26M-0.2% | 9.28M-23.8% | 12.2M+3.8% | |
| Goodwill | 116M+0.0% | 116M+0.0% | 116M+0.0% | 116M+0.0% | 116M+0.0% | |
| Intangible assets | — | — | — | 4.25M-38.2% | 6.88M-27.7% | |
| Deferred tax assets | 166M-6.7% | 178M+5.9% | 168M+0.4% | 167M-1.1% | 169M | |
| Other non-current assets | 32.7M+39.7% | 23.4M+9.7% | 21.3M+11.4% | 19.1M+39.9% | 13.7M+12.5% | |
| 163M+24.5% | 131M-30.1% | 188M+13.4% | 165M+29.1% | 128M+26.8% | ||
| Accounts payable | 41.5M+105.3% | 20.2M-41.8% | 34.7M-16.1% | 41.4M+42.5% | 29.1M+121.6% | |
| Accrued liabilities | 91.3M+8.5% | 84.2M-27.6% | 116M+28.5% | 90.5M+26.4% | 71.6M+4.2% | |
| Deferred revenue | 30.4M+13.6% | 26.8M-27.1% | 36.7M+9.3% | 33.5M+22.1% | 27.5M+43.2% | |
| Current lease liability | 2.84M-34.1% | 4.30M+3.9% | 4.14M+4.9% | 3.95M+9.8% | 3.60M+20.1% | |
| 199M+25.9% | 158M-29.0% | 223M+8.6% | 205M+18.2% | 174M+18.1% | ||
| Deferred revenue (non-current) | 19.9M-4.8% | 20.9M-16.0% | 24.9M-0.8% | 25.1M+13.9% | 22.0M+10.6% | |
| Non-current lease liability | 12.8M+242.9% | 3.72M-49.9% | 7.42M-12.1% | 8.44M-31.8% | 12.4M-4.4% | |
| Operating lease liability (total) | 15.6M+94.4% | 8.02M-30.6% | 11.6M-6.7% | 12.4M-22.4% | 16.0M+0.2% | |
| Other non-current liabilities | 3.41M+32.1% | 2.58M-12.7% | 2.96M-53.3% | 6.33M-42.8% | 11.1M-15.7% | |
| 859M+10.0% | 781M+8.6% | 719M+5.8% | 680M+19.6% | 568M+102.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.68M+1.0% | 1.66M+2.1% | 1.63M-1.0% | 1.64M+2.3% | 1.61M+3.5% | |
| Additional paid-in capital | 1.23B+5.1% | 1.17B+8.5% | 1.08B+0.8% | 1.07B+7.2% | 998M+5.3% | |
| Retained earnings | -372M+4.6% | -390M-8.3% | -360M+7.5% | -390M+9.5% | -431M+35.6% | |
| Accumulated other comprehensive income | -408K+33.3% | -612K+7.1% | -659K+73.4% | -2.47M-672.8% | -320K-67.5% | |
| Total liabilities & equity | 1.06B+12.7% | 939M-0.3% | 942M+6.4% | 885M+19.2% | 742M+73.6% | |
| Common shares issued | 67.1M+1.0% | 66.4M+2.1% | 65.1M-1.0% | 65.7M+2.3% | 64.3M+3.5% | |
| Common shares outstanding | 67.1M+1.0% | 66.4M+2.1% | 65.1M-1.0% | 65.7M+2.3% | 64.3M+3.5% | |
| Shares outstanding (cover) | 65.6M-1.6% | 66.7M+2.0% | 65.4M-1.1% | 66.1M+2.6% | 64.4M+3.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 135M+97.3% | 68.4M+21.6% | 56.3M+106.9% | 27.2M-52.1% | 56.8M+10.5% | ||
| Depreciation & amortization | 17.7M-9.4% | 19.6M+17.6% | 16.6M+16.2% | 14.3M-4.6% | 15.0M+9.4% | |
| Share-based compensation | 87.9M+24.3% | 70.8M+12.7% | 62.8M+40.0% | 44.8M+85.0% | 24.2M+73.6% | |
| Deferred income taxes | 12.9M+229.5% | -9.97M-1410.5% | -660K-134.2% | 1.93M+101.1% | -169M-2112350.0% | |
| Change in receivables | 20.0M+142.9% | -46.7M-245.0% | 32.2M+275.3% | 8.59M-45.7% | 15.8M-31.0% | |
| Change in inventory | 31.0M+202.5% | -30.3M-87.1% | -16.2M-126.8% | 60.3M+64.6% | 36.6M+202.2% | |
| Change in payables | 21.5M+242.1% | -15.1M-137.7% | -6.37M-152.6% | 12.1M-24.4% | 16.0M+631.7% | |
| -6.37M+94.2% | -110M-1653.9% | -6.25M+74.1% | -24.1M+78.2% | -111M-82.0% | ||
| Capital expenditure | 19.4M+7.6% | 18.1M+1.1% | 17.9M+26.9% | 14.1M+34.4% | 10.5M+33.8% | |
| Free cash flow | 116M+129.4% | 50.3M+31.1% | 38.4M+192.7% | 13.1M-71.7% | 46.3M+6.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 206M+28.4% | 160M-29.6% | 228M+25.6% | 181M-8.3% | 198M+889.5% | |
| -28.4M-236.1% | 20.9M+131.7% | -65.9M-363.0% | 25.1M+2.8% | 24.4M-42.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 93.6M+775.5% | 10.7M-87.6% | 86.4M | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -222K-1485.7% | -14.0K-105.5% | 256K+160.4% | -424K-3954.5% | 11.0K-98.2% | |
| Net change in cash | 99.9M+593.5% | -20.2M-29.3% | -15.7M-156.5% | 27.7M+194.1% | -29.5M-188.4% | |
| Interest paid | 0.00 | 0.00-100.0% | 253K-56.2% | 577K-8.6% | 631K-62.6% | |
| Income taxes paid | 6.88M+17.1% | 5.88M-50.5% | 11.9M+23.6% | 9.61M+84.9% | 5.20M+592.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.47B+49.3% | 2.33B-19.2% | 2.88B-35.7% | 4.48B-13.1% | 5.15B+177.3% | |
| P/E | 194.2× | — | 60.1×-34.2% | 91.5×+323.1% | 21.6×-61.1% | |
| P/S | 3.5×+24.2% | 2.8×-0.9% | 2.8×-49.6% | 5.6×-26.2% | 7.6×+120.9% | |
| P/B | 4.0×+35.7% | 3.0×-22.3% | 3.8×-44.6% | 6.9×-23.7% | 9.1×+36.7% | |
| P/FCF | 30.1×-34.9% | 46.2×-53.9% | 100.1×-52.5% | 210.8×+89.5% | 111.2×+160.9% | |
| Earnings yield | 0.52% | — | 1.7%+52.1% | 1.1%-76.4% | 4.6%+156.8% | |
| FCF yield | 3.3%+53.7% | 2.2%+116.8% | 1.00%+110.5% | 0.47%-47.2% | 0.90%-61.7% | |
| Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CALX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CALX filings on SEC EDGAR → Not investment advice.