Calix, Inc (CALX) Financial Statements
Industry: Communications Services (Other)
In fiscal 2025, Calix reported revenue of $1.00B, up 20.3% from $831.5M the year before. Net income was $17.9M (a 1.8% net margin), or $0.26 per diluted share. Gross margin was 56.8% and operating margin was 2.1%. Operating activities generated $135.0M of cash, leaving $115.5M of free cash flow. At fiscal year end, Calix held $1.06B in total assets against $199.3M in total liabilities, including $143.1M of cash and equivalents.
Open the full interactive Calix financials → Quarterly statements, key ratios, valuation history and price charts.
Calix Key Stats
| Share Price | $36.31 |
|---|---|
| Market Cap | $2.38B |
| P/E Ratio | 139.7 |
| Revenue YoY Growth | +20.3% |
| 52-Week Range | $33.14 – $68.42 |
| Shares Outstanding | 63.5 million (basic, 2026 Q2) |
Calix Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $541.2M | $679.4M | $867.8M | $1.04B | $831.5M | $1.00B |
| Cost of Goods Sold | $274.2M | $322.8M | $432.4M | $521.3M | $377.9M | $431.7M |
| Gross Profit | $267.0M | $356.6M | $435.4M | $518.3M | $453.6M | $568.3M |
| Operating Income | $36.8M | $73.9M | $52.6M | $25.6M | -$43.0M | $21.0M |
| Pre-Tax Income | $34.3M | $72.7M | $54.0M | $34.8M | -$31.6M | $34.2M |
| Income Tax | $800,000 | -$165.7M | $13.0M | $5.4M | -$1.9M | $16.3M |
| Net Income | $33.5M | $238.4M | $41.0M | $29.3M | -$29.7M | $17.9M |
| Diluted EPS | $0.54 | $3.51 | $0.60 | $0.42 | -$0.45 | $0.26 |
Calix Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $265.4M | $272.4M | $280.0M | $293.3M |
| Net Income | $15.7M | $7.2M | $11.2M | $17.1M |
| Diluted EPS | $0.22 | $0.10 | $0.16 | $0.26 |
Calix Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $80.8M | $51.3M | $79.1M | $63.4M | $43.2M | $143.1M |
| Current Assets | $266.9M | $409.2M | $547.4M | $598.0M | $584.7M | $691.6M |
| Total Assets | $427.4M | $742.0M | $884.8M | $941.9M | $939.3M | $1.06B |
| Current Liabilities | $101.0M | $128.1M | $165.4M | $187.6M | $131.1M | $163.2M |
| Total Liabilities | $147.0M | $173.6M | $205.3M | $222.9M | $158.3M | $199.3M |
| Shareholders' Equity | $280.3M | $568.4M | $679.6M | $719.0M | $780.9M | $859.2M |
Calix Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $51.4M | $56.8M | $27.2M | $56.3M | $68.4M | $135.0M |
| Cash From Investing | -$60.8M | -$110.7M | -$24.1M | -$6.2M | -$109.5M | -$6.4M |
| Cash From Financing | $42.1M | $24.4M | $25.1M | -$65.9M | $20.9M | -$28.4M |
| Free Cash Flow | $43.6M | $46.3M | $13.1M | $38.4M | $50.3M | $115.5M |
Figures from Calix's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Calix financials page for every line item.
Calix Company Profile
| Ticker | CALX |
|---|---|
| Exchange | NYSE |
| Industry | Communications Services (Other) |
| Headquarters | San Jose, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001406666 |
Frequently Asked Questions
What was Calix's revenue in fiscal 2025?
Calix (CALX) reported revenue of $1.00B for fiscal 2025.
What is Calix's annual revenue history?
Calix's annual revenue by fiscal year: 2020: $541.2M; 2021: $679.4M; 2022: $867.8M; 2023: $1.04B; 2024: $831.5M; 2025: $1.00B.
What was Calix's net income in fiscal 2025?
Calix reported net income of $17.9M for fiscal 2025.
What was Calix's earnings per share (EPS) in fiscal 2025?
Calix's diluted EPS was $0.26 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Calix generate in fiscal 2025?
Calix generated $115.5M of free cash flow in fiscal 2025.
What was Calix's revenue last quarter?
In its most recent reported quarter (2026 Q2), Calix reported revenue of $293.3M.
How many shares of Calix are outstanding?
Calix reported a weighted average of 63.5 million basic shares outstanding in 2026 Q2.
What is Calix's market cap?
Based on its latest closing price, Calix (CALX) has a market capitalization of about $2.38B.
When does Calix's fiscal year end?
Calix's fiscal year end, as registered with the SEC, is December 31.
Where is Calix headquartered?
Calix lists its business address in San Jose, California in its SEC filings.