CALIX, INC

Listed Company

CALXCIK 0001406666NYSELarge AcceleratedCommunications Services, NecFY ends Dec 31

Period

FY 2025

Revenue

$1.00B

Net Income

$17.88M

Total Assets

$1.06B

Equity

$859.22M

Shares Out

64.40M

Op. Cash Flow

$134.95M

CALX$39.19−26.03% · past yearDBEQ Basic

Daily closing prices

Business

Calix develops and sells a platform combining agentic AI, cloud software, appliances and managed services to communication service providers (CSPs) to help them transform into experience-focused providers (CXPs). The platform integrates the Calix Agent Workforce, Calix Cloud role-based SaaS, Access Edge and Experience Edge network solutions, and SmartLife managed services (SmartHome, SmartTown, SmartBiz, SmartMDU). Calix serves approximately 1,600 service provider customers across North America through direct sales and selective channel partners, spanning large wireline carriers, cable MSOs, fiber overbuilders, municipalities, electric cooperatives and emerging providers.

Summary from 10-K filed 2026-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	1,000	832	1,040	868	679
Total cost of revenue	432	378	521	432	323
Gross profit	568	454	518	435	357
Sales and marketing	249	218	215	175	126
Research and development	190	180	178	132	102
General and administrative	108	99	100	76	56
Total operating expenses	547	497	493	383	283
Operating income (loss)	21	−43	26	53	74
Interest income, net	13	12	10	2	−402,000
Other expense, net	−256,000	−955,000	−532,000	−577,000	−882,000
Total interest income and other expense, net	13	11	9	1	−1
Income (loss) before income taxes	34	−32	35	54	73
Income tax expense (benefit)	16	−2	5	13	−166
Net income (loss)	18	−30	29	41	238
Basic (in dollars per share)	0.27	−0.45	0.44	0.63	3.77
Diluted (in dollars per share)	0.26	−0.45	0.42	0.6	3.51
Basic (in shares)	66	66	66	65	63
Diluted (in shares)	69	66	69	69	68
Unrealized gain on available-for-sale marketable securities, net	343,000	187,000	2	−2	−179,000
Foreign currency translation adjustments, net	−139,000	−140,000	113,000	−632,000	50,000
Total other comprehensive income, net of tax	204,000	47,000	2	−2	−129,000
Comprehensive income (loss)	18	−30	31	39	238

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	143	43	63	79	51
Marketable securities	245	254	157	163	153
Accounts receivable, net	99	79	126	94	85
Inventory	134	103	133	149	89
Prepaid expenses and other current assets	70	106	119	63	31
Total current assets	692	585	598	547	409
Property and equipment, net	38	31	29	26	22
Right-of-use operating leases	15	6	9	9	12
Deferred tax assets	166	178	168	167	169
Goodwill	116	116	116	116	116
Other assets	33	23	21	19	14
Total assets	1,059	939	942	885	742
Accounts payable	42	20	35	41	29
Accrued liabilities	91	84	116	90	72
Deferred revenue	30	27	37	34	27
Total current liabilities	163	131	188	165	128
Long-term portion of deferred revenue	20	21	25	25	22
Operating leases	13	4	7	8	12
Other long-term liabilities	3	3	3	6	11
Total liabilities	199	158	223	205	174
Commitments and contingencies (See Note 5)	—	—	—	—	—
Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock, $0.025 par value; 100,000 shares authorized; 67,120 shares issued and outstanding as of December 31, 2025, and 66,434 shares issued and outstanding as of December 31, 2025	2	2	2	2	2
Additional paid-in capital	1,230	1,170	1,078	1,070	998
Accumulated other comprehensive loss	−408,000	−612,000	−659,000	−2	−320,000
Accumulated deficit	−372	−390	−360	−390	−431
Total stockholders equity	859	781	719	680	568
Total liabilities and stockholders' equity	1,059	939	942	885	742

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	88	71	63	45	24
Depreciation and amortization	18	20	17	14	—
Deferred income taxes	13	−10	−660,000	2	−168
Net accretion of available-for-sale securities	−4	−5	−4	−1	0
Accounts receivable, net	−20	47	−32	−9	−16
Inventory	−31	30	16	−60	−37
Prepaid expenses and other assets	17	11	−61	−38	−27
Accounts payable	22	−15	−6	12	16
Accrued liabilities	3	−32	37	21	3
Deferred revenue	3	−14	3	9	10
Other long-term liabilities	9	−4	−4	−9	−3
Net cash provided by operating activities	135	68	56	27	57
Purchases of property and equipment	−19	−18	−18	−14	−10
Purchases of marketable securities	−221	−302	−216	−191	−298
Sales of marketable securities	28	50	0	0	—
Maturities of marketable securities	206	160	228	181	198
Net cash used in investing activities	−6	−110	−6	−24	−111
Proceeds from common stock issuances related to employee benefit plans	65	32	32	27	26
Repurchases of common stock	−94	−11	−86	0	0
Payments related to financing arrangements	0	0	−12	−2	−1
Net cash provided by (used in) financing activities	−28	21	−66	25	24
Effect of exchange rate changes on cash and cash equivalents	−222,000	−14,000	256,000	−424,000	11,000
Net increase (decrease) in cash and cash equivalents	100	−20	−16	28	−29
Interest paid	0	0	253,000	577,000	631,000
Income taxes paid	7	6	12	10	5
Changes in accounts payable and accrued liabilities related to purchases of property and equipment	4	484,000	−180,000	586,000	194,000

Filings

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Frequently asked questions

What is CALIX, INC's CIK number?

CALIX, INC's SEC CIK number is 0001406666 (1406666). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CALIX, INC's SEC filings?

All of CALIX, INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CALIX, INC last report earnings?

CALIX, INC (CALX) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001406666-26-000017). This is CALIX, INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is CALIX, INC's most recent earnings 8-K?

CALIX, INC's latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001406666-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CALIX, INC's latest earnings 8-K →
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