CALIX, INC Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Numerator: | ||||||||||||||||||||
| Net income (loss) | $ | 17,884 | $ | (29,747) | $ | 29,325 | ||||||||||||||
| Denominator: | ||||||||||||||||||||
| Weighted-average common shares — basic | 66,041 | 65,879 | 65,980 | |||||||||||||||||
| Effect of dilutive potential common shares | 3,264 | — | 3,340 | |||||||||||||||||
| Weighted-average common shares — diluted | 69,305 | 65,879 | 69,320 | |||||||||||||||||
| Basic net income (loss) per common share | $ | 0.27 | $ | (0.45) | $ | 0.44 | ||||||||||||||
| Diluted net income (loss) per common share | $ | 0.26 | $ | (0.45) | $ | 0.42 | ||||||||||||||
| Potentially dilutive shares excluded, weighted-average | 7,059 | 12,057 | 4,688 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2016 | Feb 28, 2017 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.