CIEN financial statements

The full income statement, balance sheet, and cash-flow statement for Ciena Corporation (CIEN), 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)

2024-04 143.7M2024-07 144.4M2024-11 142.1M2025-02 142.1M2025-05 141.4M2025-08 141.1M2025-11 140.9M2026-01 141.4M2026-05 141.6M-1.5% 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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
Revenue	4.77B YoY+18.8%	4.01B YoY-8.5%	4.39B YoY+20.8%	3.63B YoY+0.3%	3.62B YoY+2.5%
	2.00B YoY+16.6%	1.72B YoY-8.5%	1.88B YoY+20.4%	1.56B YoY-9.4%	1.72B YoY+4.2%
Cost of revenue	2.76B YoY+20.4%	2.30B YoY-8.5%	2.51B YoY+21.0%	2.07B YoY+9.1%	1.90B YoY+1.0%
	1.81B YoY+16.4%	1.55B YoY+2.1%	1.52B YoY+13.7%	1.34B YoY+9.0%	1.23B YoY+5.2%
Research & development	848M YoY+10.5%	767M YoY+2.3%	751M YoY+20.2%	625M YoY+16.4%	537M YoY+1.3%
Selling, general & administrative	239M YoY+8.2%	221M YoY+2.5%	215M YoY+20.0%	179M YoY-1.4%	182M YoY+7.3%
General & administrative	239M YoY+8.2%	221M YoY+2.5%	215M YoY+20.0%	179M YoY-1.4%	182M YoY+7.3%
Selling & marketing	581M YoY+13.8%	511M YoY+4.0%	491M YoY+5.2%	467M YoY+3.2%	452M YoY+8.6%
Restructuring	112M YoY+355.9%	24.6M YoY+3.2%	23.8M YoY-20.5%	30.0M YoY+1.4%	29.6M YoY+30.5%
Amortization of intangibles	25.8M YoY-12.9%	29.6M YoY-20.8%	37.4M YoY+14.9%	32.5M YoY+37.0%	23.7M YoY+1.5%
Provision for credit losses	4.23M YoY-47.1%	8.00M YoY+39.8%	5.72M YoY+36.2%	4.20M YoY+79.0%	2.35M YoY-73.5%
Operating income	198M YoY+18.6%	167M YoY-53.4%	358M YoY+60.5%	223M YoY-55.0%	495M YoY+1.7%
Interest expense	89.4M YoY-7.9%	97.0M YoY+10.2%	88.0M YoY+87.1%	47.0M YoY+52.6%	30.8M YoY-1.5%
Other non-operating income	-2.36M YoY-49.1%	-1.58M YoY+68.6%	-5.05M YoY+14.7%	-5.92M YoY-1009.9%	-533K YoY+51.8%
Gain (loss) on equity securities	0.00	0.00 YoY-100.0%	26.4M YoY+540.0%	4.12M YoY+2412.2%	164K YoY-93.9%
Pre-tax income	156M YoY+30.4%	120M YoY-63.0%	324M YoY+77.3%	183M YoY-60.6%	463M YoY+1.5%
Income tax	32.9M YoY-8.2%	35.9M YoY-47.8%	68.8M YoY+132.5%	29.6M YoY+179.1%	-37.4M YoY-139.6%
Net income	123M YoY+46.9%	84.0M YoY-67.1%	255M YoY+66.7%	153M YoY-69.4%	500M YoY+38.4%
	$0.85 YoY+46.6%	$0.58 YoY-66.1%	$1.71 YoY+71.0%	$1.00 YoY-68.7%	$3.19 YoY+37.5%
EPS (basic)	$0.87 YoY+50.0%	$0.58 YoY-66.1%	$1.71 YoY+69.3%	$1.01 YoY-68.6%	$3.22 YoY+37.6%
	142M YoY-1.7%	145M YoY-2.9%	149M YoY-1.5%	151M YoY-2.6%	155M YoY+0.6%
	145M YoY-0.5%	146M YoY-2.3%	149M YoY-1.8%	152M YoY-2.9%	157M YoY+0.5%
Balance Sheet	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
	3.57B YoY+0.6%	3.54B YoY-0.9%	3.58B YoY+5.6%	3.39B YoY+6.2%	3.19B YoY+22.1%
Cash & equivalents	1.09B YoY+16.8%	935M YoY-7.5%	1.01B YoY+1.6%	994M YoY-30.1%	1.42B YoY+30.7%
Short-term investments	216M YoY-31.7%	316M YoY+202.0%	105M YoY-32.0%	154M YoY-15.1%	181M YoY+20.5%
Accounts receivable	976M YoY+7.4%	909M YoY-9.5%	1.00B YoY+9.0%	921M YoY+4.0%	885M YoY+23.0%
Inventory	826M YoY+0.7%	820M YoY-21.9%	1.05B YoY+11.0%	947M YoY+153.0%	374M YoY+8.7%
Prepaid expenses	455M YoY-19.3%	564M YoY+39.1%	406M YoY+9.6%	370M YoY+13.6%	326M YoY+5.7%
	5.86B YoY+4.0%	5.64B YoY+0.7%	5.60B YoY+10.5%	5.07B YoY+4.2%	4.87B YoY+16.4%
Operating lease right-of-use	38.6M YoY+40.8%	27.4M YoY-22.0%	35.1M YoY-22.1%	45.1M YoY+1.9%	44.3M YoY-22.3%
Goodwill	521M YoY+17.2%	445M YoY-0.0%	445M YoY+35.5%	328M YoY+5.4%	312M YoY+0.3%
Intangible assets	224M YoY+35.9%	165M YoY-19.7%	206M YoY+195.8%	69.5M YoY+6.4%	65.3M YoY-32.4%
Long-term investments	57.1M YoY-29.4%	80.9M YoY-39.7%	134M YoY+279.5%	35.4M YoY-49.5%	70.0M YoY-14.8%
Deferred tax assets	885M YoY-0.2%	886M YoY+9.5%	809M YoY-1.8%	824M YoY+3.0%	800M YoY+23.5%
Other non-current assets	186M YoY+20.4%	155M YoY+32.8%	116M YoY+2.5%	114M YoY+13.7%	99.9M YoY-2.9%
	1.31B YoY+30.9%	1000M YoY+7.3%	932M YoY-10.4%	1.04B YoY+14.5%	909M YoY+19.5%
Accounts payable	543M YoY+28.2%	423M YoY+33.2%	318M YoY-38.4%	516M YoY+44.9%	356M YoY+22.0%
Accrued liabilities	531M YoY+34.8%	394M YoY-8.7%	431M YoY+19.6%	361M YoY-11.9%	409M YoY+22.5%
Deferred revenue	209M YoY+33.6%	156M YoY+1.3%	154M YoY+12.0%	138M YoY+16.9%	118M YoY+8.6%
Short-term & current debt	11.6M YoY-1.0%	11.7M YoY+0.0%	11.7M YoY+68.8%	6.93M YoY+0.0%	6.93M YoY+0.0%
Current lease liability	14.0M YoY-3.5%	14.5M YoY-13.2%	16.7M YoY-12.0%	18.9M YoY+1.6%	18.6M YoY-2.1%
Other current liabilities	—	—	—	—	409M YoY+22.5%
Finance lease liability (current)	4.74M YoY+7.9%	4.39M YoY+11.2%	3.95M YoY+5.2%	3.76M YoY+3.8%	3.62M YoY+27.6%
	3.14B YoY+11.0%	2.83B YoY+2.6%	2.75B YoY+16.8%	2.36B YoY+27.7%	1.85B YoY+10.4%
Long-term debt	1.52B YoY-0.6%	1.53B YoY-0.7%	1.54B YoY+45.4%	1.06B YoY+58.3%	670M YoY-0.9%
Deferred revenue (non-current)	94.8M YoY+16.8%	81.2M YoY+9.7%	74.0M YoY+18.8%	62.3M YoY+8.5%	57.5M YoY+15.7%
Non-current lease liability	32.5M YoY+29.5%	25.1M YoY-24.5%	33.3M YoY-21.5%	42.4M YoY+2.0%	41.6M YoY-32.3%
Operating lease liability (total)	46.5M YoY+17.5%	39.6M YoY-20.7%	49.9M YoY-18.6%	61.3M YoY+1.9%	60.2M YoY-25.2%
Finance lease liability (total)	43.3M YoY-9.5%	47.9M YoY-8.1%	52.1M YoY-8.4%	56.9M YoY-14.0%	66.2M YoY+2.8%
Finance lease liability	38.6M YoY-11.3%	43.5M YoY-9.7%	48.2M YoY-9.4%	53.2M YoY-15.0%	62.6M YoY+1.7%
Other non-current liabilities	175M YoY-5.7%	186M YoY+9.1%	170M YoY+13.4%	150M YoY-9.9%	167M YoY+35.4%
	2.73B YoY-3.1%	2.82B YoY-1.1%	2.85B YoY+5.0%	2.71B YoY-10.2%	3.02B YoY+20.3%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.41M YoY-1.2%	1.43M YoY-1.5%	1.45M YoY-2.4%	1.48M YoY-4.2%	1.55M YoY+0.2%
Additional paid-in capital	5.95B YoY-3.3%	6.15B YoY-1.7%	6.26B YoY-2.0%	6.39B YoY-6.1%	6.80B YoY-0.3%
Retained earnings	-3.17B YoY+3.7%	-3.29B YoY+2.5%	-3.38B YoY+7.0%	-3.63B YoY+4.0%	-3.79B YoY+11.6%
Accumulated other comprehensive income	-55.0M YoY-17.8%	-46.7M YoY-23.7%	-37.8M YoY+19.0%	-46.6M YoY-10725.3%	439K YoY+101.2%
Total liabilities & equity	5.86B YoY+4.0%	5.64B YoY+0.7%	5.60B YoY+10.5%	5.07B YoY+4.2%	4.87B YoY+16.4%
	141M YoY-1.1%	143M YoY-1.5%	145M YoY-2.4%	148M YoY-4.2%	155M YoY+0.2%
	141M YoY-1.1%	143M YoY-1.5%	145M YoY-2.4%	148M YoY-4.2%	155M YoY+0.2%
	141M YoY-0.9%	142M YoY-1.9%	145M YoY-2.4%	148M YoY-4.2%	155M YoY+0.2%
Cash Flow	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
	806M YoY+56.7%	515M YoY+205.7%	168M YoY+200.3%	-168M YoY-131.0%	542M YoY+9.7%
Depreciation & amortization	130M YoY+6.1%	122M YoY-5.8%	130M YoY+1.2%	128M YoY+7.1%	120M YoY+2.3%
Intangible amortization	25.8M YoY-12.9%	29.6M YoY-20.8%	37.4M YoY+14.9%	32.5M YoY+37.0%	23.7M YoY+1.5%
Share-based compensation	185M YoY+18.0%	156M YoY+19.9%	130M YoY+24.1%	105M YoY+24.7%	84.3M YoY+24.5%
Deferred income taxes	-23.2M YoY+69.8%	-76.8M YoY-417.2%	-14.9M YoY+46.0%	-27.5M YoY+82.4%	-156M YoY-343.2%
Change in receivables	98.7M YoY+222.9%	-80.3M YoY-184.9%	94.6M YoY+100.9%	47.1M YoY-73.0%	174M YoY+908.0%
Change in inventory	53.6M YoY+135.0%	-153M YoY-215.5%	132M YoY-77.5%	589M YoY+1138.5%	47.6M YoY+89.9%
	-241M YoY+21.2%	-306M YoY+20.1%	-383M YoY-278.7%	-101M YoY-11.6%	-90.7M YoY+58.8%
Capital expenditure	141M YoY+3.0%	137M YoY+28.7%	106M YoY+16.9%	90.8M YoY+14.2%	79.5M YoY-3.8%
Free cash flow	665M YoY+76.1%	378M YoY+508.2%	62.1M YoY+124.0%	-259M YoY-156.0%	462M YoY+12.4%
Acquisitions	231M	0.00 YoY-100.0%	230M YoY+270.8%	62.0M	0.00 YoY-100.0%
Sales/maturities of investments	349M YoY+147.5%	141M YoY-32.3%	208M YoY-70.4%	702M YoY+368.1%	150M YoY+35.9%
	-406M YoY-42.4%	-285M YoY-224.3%	229M YoY+272.4%	-133M YoY-13.9%	-117M YoY-34.0%
Long-term debt issued	0.00	0.00	0.00 YoY-100.0%	400M	0.00
Long-term debt repaid	11.6M YoY-1.0%	11.7M YoY+24.1%	9.43M YoY+81.5%	5.20M YoY-25.0%	6.93M YoY+33.3%
Common stock issued	35.9M YoY+4.6%	34.3M YoY+9.4%	31.4M YoY+3.3%	30.3M YoY+6.6%	28.5M YoY+1.4%
Common stock repurchased	335M YoY+31.4%	255M YoY+5.1%	242M YoY-51.6%	501M YoY+448.6%	91.3M YoY+22.5%
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	-1.50M YoY-220.8%	1.25M YoY-42.0%	2.15M YoY+108.2%	-26.2M YoY-13115.7%	-198K YoY+87.9%
Net change in cash	157M YoY+307.5%	-75.8M YoY-561.7%	16.4M YoY+103.8%	-428M YoY-228.3%	334M YoY+80.9%
Interest paid	85.2M YoY-7.9%	92.5M YoY+9.5%	84.5M YoY+97.3%	42.8M YoY+43.4%	29.9M YoY-9.1%
Income taxes paid	114M YoY+106.7%	55.0M YoY-29.8%	78.2M YoY+123.8%	35.0M YoY-52.2%	73.1M YoY+37.8%
Valuation Ratios	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
Market cap	26.8B YoY+190.0%	9.24B YoY+52.3%	6.06B YoY-15.2%	7.15B YoY-15.0%	8.41B YoY+38.4%
P/E	190.2× YoY+184.3%	66.9× YoY+144.1%	27.4× YoY-23.8%	36.0× YoY+97.4%	18.2× YoY+12.9%
P/S	5.9× YoY+156.7%	2.3× YoY+60.2%	1.4× YoY-25.7%	1.9× YoY-21.8%	2.5× YoY+49.1%
P/B	9.6× YoY+200.7%	3.2× YoY+55.3%	2.1× YoY-23.2%	2.7× YoY-6.8%	2.9× YoY+14.9%
P/FCF	44.2× YoY+36.4%	32.4×	—	318.1× YoY+1357.5%	21.8× YoY+69.3%
	0.53% YoY-64.8%	1.5% YoY-59.0%	3.6% YoY+31.2%	2.8% YoY-49.3%	5.5% YoY-11.4%
	2.3% YoY-26.7%	3.1%	—	0.31% YoY-93.1%	4.6% YoY-40.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CIEN'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 CIEN filings on SEC EDGAR → Not investment advice.