HLIT
$11.08+2.31%
Harmonic Inc.Stock · TechnologyRussell 2000 · 0.06% of IWMRussell 3000 · 0.003% of IWVUS Stock Market · 0.002% of VTI
HLIT financial statements
The full income statement, balance sheet, and cash-flow statement for Harmonic Inc. (HLIT), 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)
2024-06 116.3M2024-09 116.5M2024-12 117.1M2025-03 113.1M2025-06 113.8M2025-09 112.2M2025-12 110.2M2026-04 108.5M2026-07 109.1M-6.2% 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 | 361M-26.2% | 488M+25.7% | 388M-37.8% | 625M+23.2% | 507M+33.9% | |
| 175M-27.2% | 240M+34.8% | 178M-43.6% | 316M+21.6% | 260M+33.2% | ||
| Cost of revenue | 186M-25.1% | 248M+17.9% | 210M-31.9% | 309M+24.9% | 247M+34.6% | |
| 161M-2.8% | 165M+11.7% | 148M-45.2% | 270M+12.2% | 241M+16.1% | ||
| Research & development | 76.3M+5.2% | 72.6M+4.1% | 69.7M-42.1% | 120M+17.7% | 102M+23.9% | |
| Selling, general & administrative | 81.4M+2.8% | 79.2M+1.1% | 78.3M-46.6% | 147M+6.3% | 138M+15.4% | |
| Restructuring | — | 16.0M+1874.4% | 809K-75.8% | 3.34M | — | |
| Amortization of intangibles | — | — | 0.00 | 0.00-100.0% | 507K-87.2% | |
| Provision for credit losses | — | — | 2.78M+42.2% | 1.95M-52.8% | 4.14M+148.6% | |
| Operating income | 14.1M-81.2% | 74.7M+148.9% | 30.0M-34.0% | 45.5M+142.0% | 18.8M+251.1% | |
| Interest expense | 3.80M-41.2% | 6.46M+139.8% | 2.70M-46.5% | 5.04M-52.6% | 10.6M-7.7% | |
| Other non-operating income | -1.42M-143.5% | 3.27M+2180.9% | -157K-103.9% | 4.01M+483.1% | 687K+176.6% | |
| Pre-tax income | 8.86M-87.6% | 71.5M+156.9% | 27.8M-37.4% | 44.5M+401.5% | 8.87M+133.8% | |
| Income tax | 7.64M-63.3% | 20.8M+134.4% | -60.5M-471.1% | 16.3M+472.0% | -4.38M-243.5% | |
| -43.3M-210.4% | 39.2M-53.3% | 84.0M+198.0% | 28.2M+112.6% | 13.3M+145.3% | ||
| Income from continuing operations | 1.22M-97.6% | 50.7M-42.6% | 88.3M | — | — | |
| Discontinued operations | -44.5M-287.1% | -11.5M-164.8% | -4.34M | — | — | |
| -$0.38-215.2% | $0.33-54.2% | $0.72+188.0% | $0.25+108.3% | $0.12+140.0% | ||
| EPS (basic) | -$0.38-211.8% | $0.34-54.7% | $0.75+177.8% | $0.27+107.7% | $0.13+143.3% | |
| Weighted-avg shares (basic) | 114M-1.3% | 115M+3.1% | 112M+6.3% | 105M+3.5% | 101M+4.7% | |
| Weighted-avg shares (diluted) | 114M-2.8% | 117M+0.1% | 117M+4.4% | 112M+5.8% | 106M+9.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 494M-12.5% | 565M+70.9% | 331M-4.2% | 345M+6.9% | 323M+35.7% | ||
| Cash & equivalents | 124M+22.3% | 101M+20.4% | 84.3M-5.9% | 89.6M-32.9% | 133M+35.3% | |
| Short-term investments | — | — | — | 0.00 | — | |
| Accounts receivable | 85.9M-40.2% | 144M+1.5% | 142M+30.5% | 108M+22.5% | 88.5M+33.7% | |
| Inventory | 47.8M+11.1% | 43.1M-48.7% | 84.0M-30.6% | 121M+69.9% | 71.2M+103.2% | |
| Prepaid expenses | 12.5M+26.7% | 9.89M-52.8% | 20.9M-20.5% | 26.3M-12.1% | 30.0M-21.4% | |
| 718M-9.8% | 797M+3.7% | 768M+8.2% | 710M+2.4% | 694M+17.3% | ||
| Property, plant & equipment | 25.6M+1.9% | 25.2M-31.4% | 36.7M-7.9% | 39.8M-6.8% | 42.7M-1.0% | |
| Operating lease right-of-use | 13.7M+10.3% | 12.4M-40.4% | 20.8M-18.3% | 25.5M-17.8% | 31.0M+12.4% | |
| Goodwill | 60.9M+0.2% | 60.8M-0.0% | 60.8M-74.4% | 238M-1.0% | 240M-1.4% | |
| Deferred tax assets | 104M-8.7% | 114M+8.8% | 105M+789.2% | 11.8M | — | |
| Other non-current assets | 19.8M+3.8% | 19.1M-47.1% | 36.1M-27.7% | 49.9M-11.9% | 56.7M+44.8% | |
| 198M+2.9% | 192M-29.4% | 272M-15.4% | 322M+43.5% | 224M+52.4% | ||
| Accounts payable | 23.1M-18.5% | 28.3M-26.6% | 38.6M-42.8% | 67.5M+4.7% | 64.4M+173.7% | |
| Accrued liabilities | — | 72.4M+18.7% | 61.0M-8.5% | 66.7M+24.4% | 53.6M+6.6% | |
| Deferred revenue | 31.5M+119.1% | 14.4M-68.9% | 46.2M-25.9% | 62.4M+9.0% | 57.2M+5.4% | |
| Short-term & current debt | 2.94M+34.2% | 2.19M | — | — | — | |
| Current lease liability | 6.43M+13.4% | 5.67M-16.5% | 6.79M+0.3% | 6.77M-7.8% | 7.35M-0.1% | |
| Other current liabilities | 48.3M-11.8% | 54.7M-10.3% | 61.0M-8.5% | 66.7M+24.4% | 53.6M+6.6% | |
| 335M+1.2% | 331M-0.0% | 331M-14.1% | 386M-2.9% | 397M+19.1% | ||
| Long-term debt | 109M-2.6% | 112M | 0.00-100.0% | 15.9M-11.5% | 18.0M-17.7% | |
| Non-current lease liability | 14.7M-0.4% | 14.7M-22.3% | 19.0M-21.3% | 24.1M-17.2% | 29.1M+11.7% | |
| Operating lease liability (total) | 21.1M+3.4% | 20.4M-20.8% | 25.8M-16.6% | 30.9M-15.3% | 36.5M+9.1% | |
| Finance lease liability | — | — | — | — | 0.00-100.0% | |
| Other non-current liabilities | 13.5M+11.0% | 12.2M-58.8% | 29.5M+4.6% | 28.2M-10.2% | 31.4M+54.9% | |
| 383M-17.6% | 465M+6.5% | 437M+34.6% | 325M+9.7% | 296M+14.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 111K-5.1% | 117K+4.5% | 112K+1.8% | 110K+6.8% | 103K+5.1% | |
| Additional paid-in capital | 2.47B+1.4% | 2.43B+1.2% | 2.41B+1.0% | 2.38B-0.3% | 2.39B+1.4% | |
| Retained earnings | -2.08B-6.3% | -1.95B+0.5% | -1.96B+4.1% | -2.05B+2.0% | -2.09B+0.6% | |
| Accumulated other comprehensive income | -6.64M+52.9% | -14.1M-147.1% | -5.71M+41.1% | -9.69M-196.0% | -3.27M-155.9% | |
| Total liabilities & equity | 718M-9.8% | 797M+3.7% | 768M+8.2% | 710M+2.4% | 694M+17.3% | |
| Common shares issued | 111M-4.8% | 117M+3.9% | 112M+2.3% | 110M+6.7% | 103M+4.8% | |
| Common shares outstanding | 111M-4.8% | 117M+3.9% | 112M+2.3% | 110M+6.7% | 103M+4.8% | |
| Shares outstanding (cover) | 110M-5.8% | 117M+4.6% | 112M+0.8% | 111M+7.1% | 104M+2.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 108M+74.4% | 61.9M+777.1% | 7.06M+28.9% | 5.48M-86.6% | 41.0M+4.7% | ||
| Depreciation & amortization | 11.1M-8.7% | 12.1M-0.9% | 12.3M-0.0% | 12.3M-6.1% | 13.1M-16.9% | |
| Intangible amortization | — | — | 0.00 | 0.00-100.0% | 507K-87.2% | |
| Share-based compensation | 31.9M+13.6% | 28.1M+2.7% | 27.3M+8.4% | 25.2M+4.8% | 24.1M+33.3% | |
| Change in receivables | -53.9M-241.0% | 38.2M+17.0% | 32.7M+54.4% | 21.2M-20.7% | 26.7M+226.1% | |
| Change in inventory | 7.10M+184.8% | -8.37M+76.3% | -35.4M-165.0% | 54.4M+38.4% | 39.3M+380.0% | |
| Change in payables | -5.96M-92.0% | -3.11M+89.4% | -29.4M-603.0% | 5.84M-86.2% | 42.3M+332.8% | |
| Other operating activities | 127K-77.7% | 569K-70.4% | 1.92M-43.8% | 3.42M+1788.4% | 181K-55.7% | |
| -11.1M-20.6% | -9.19M-8.4% | -8.47M-558.0% | -1.29M+90.1% | -13.0M+59.7% | ||
| Capital expenditure | 11.1M+20.6% | 9.19M+8.4% | 8.47M-8.4% | 9.25M-28.7% | 13.0M-59.7% | |
| Free cash flow | 96.9M+83.7% | 52.7M+3823.9% | -1.42M+62.5% | -3.77M-113.5% | 28.0M+303.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 0.00 | 0.00-100.0% | 6.30M | 0.00 | 0.00 | |
| -81.4M-144.6% | -33.3M-566.7% | -4.99M+88.4% | -43.1M-643.3% | 7.94M+476.4% | ||
| Long-term debt issued | 135M+17.4% | 115M | 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 | |
| Common stock repurchased | 79.0M+163.0% | 30.0M | 0.00-100.0% | 5.13M | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 7.18M+469.5% | -1.94M-278.3% | 1.09M+122.2% | -4.90M-310.0% | -1.20M-261.9% | |
| Net change in cash | 22.7M+29.4% | 17.5M+429.5% | -5.32M+87.9% | -43.8M-226.0% | 34.8M+522.6% | |
| Interest paid | 4.07M-35.2% | 6.28M+286.4% | 1.63M-57.2% | 3.80M-7.3% | 4.09M-3.0% | |
| Income taxes paid | 12.8M-53.3% | 27.3M+50.6% | 18.1M+100.6% | 9.04M+257.9% | 2.52M+14952.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.09B-29.6% | 1.55B+5.9% | 1.46B+5.9% | 1.38B+13.2% | 1.22B+63.7% | |
| P/E | — | 39.5×-83.0% | 232.8×+606.4% | 33.0×-64.2% | 92.0× | |
| P/S | 3.0×-4.7% | 3.2×+31.2% | 2.4×+7.9% | 2.2×-6.9% | 2.4×+22.3% | |
| P/B | 2.8×-14.5% | 3.3×-22.5% | 4.3×-6.6% | 4.6×+11.4% | 4.1×+42.9% | |
| P/FCF | 11.3×-61.7% | 29.4×-74.8% | 116.7× | — | 43.5×-59.4% | |
| Earnings yield | — | 2.5%+489.6% | 0.43%-85.8% | 3.0%+179.3% | 1.1% | |
| FCF yield | 8.9%+161.0% | 3.4%+297.5% | 0.86% | — | 2.3%+146.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K/A | 10-K |
About this data
Source: HLIT’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 HLIT filings on SEC EDGAR → Not investment advice.