Harmonic Inc (HLIT) Financial Statements
Industry: Radio & Tv Broadcasting & Communications Equipment
In fiscal 2025, Harmonic reported revenue of $360.5M, down 46.9% from $678.7M the year before. Net income was -$43.3M (a -12.0% net margin), or -$0.38 per diluted share. Gross margin was 48.5% and operating margin was 3.9%. Operating activities generated $108.0M of cash, leaving $96.9M of free cash flow. At fiscal year end, Harmonic held $718.5M in total assets against $335.2M in total liabilities, including $124.1M of cash and equivalents.
Open the full interactive Harmonic financials → Quarterly statements, key ratios, valuation history and price charts.
Harmonic Key Stats
| Share Price | $10.53 |
|---|---|
| Market Cap | $1.15B |
| Revenue YoY Growth | -46.9% |
| 52-Week Range | $8.85 – $17.11 |
| Shares Outstanding | 108.7 million (basic, 2026 Q2) |
Harmonic Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $378.8M | $507.1M | $625.0M | $607.9M | $678.7M | $360.5M |
| Cost of Goods Sold | $183.8M | $247.4M | $309.1M | $295.4M | $312.8M | $185.8M |
| Gross Profit | $195.0M | $259.7M | $315.9M | $312.5M | $365.9M | $174.7M |
| Operating Income | -$12.4M | $18.8M | $45.5M | $22.2M | $63.1M | $14.1M |
| Pre-Tax Income | -$26.2M | $8.9M | $44.5M | $19.1M | $57.9M | $8.9M |
| Income Tax | $3.1M | -$4.4M | $16.3M | -$64.9M | $18.7M | $7.6M |
| Net Income | -$29.3M | $13.3M | $28.2M | $84.0M | $39.2M | -$43.3M |
| Diluted EPS | -$0.30 | $0.12 | $0.25 | $0.72 | $0.33 | -$0.38 |
Harmonic Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $142.4M | — | $121.7M | $133.5M |
| Net Income | $2.7M | -$54.8M | $7.3M | -$2.3M |
| Diluted EPS | $0.02 | -$0.48 | $0.07 | -$0.02 |
Harmonic Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $98.6M | $133.4M | $89.6M | $84.3M | $101.5M | $124.1M |
| Current Assets | $238.0M | $323.1M | $345.3M | $330.7M | $366.1M | $494.4M |
| Total Assets | $591.5M | $693.7M | $710.0M | $768.2M | $796.5M | $718.5M |
| Current Liabilities | $147.3M | $224.5M | $322.1M | $272.4M | $167.6M | $197.9M |
| Total Long-Term Debt | $21.8M | $18.0M | $15.9M | $15.4M | $114.3M | $112.1M |
| Total Liabilities | $333.2M | $396.9M | $385.5M | $331.3M | $331.2M | $335.2M |
| Shareholders' Equity | $258.3M | $295.9M | $324.5M | $436.9M | $465.3M | $383.2M |
Harmonic Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $39.2M | $41.0M | $5.5M | $7.1M | $61.9M | $108.0M |
| Cash From Investing | -$32.2M | -$13.0M | -$1.3M | -$8.5M | -$9.2M | -$11.1M |
| Cash From Financing | -$2.1M | $7.9M | -$43.1M | -$5.0M | -$33.3M | -$81.4M |
| Free Cash Flow | $7.0M | $28.0M | -$3.8M | -$1.4M | $52.7M | $96.9M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | — |
Figures from Harmonic'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 Harmonic financials page for every line item.
Harmonic Company Profile
| Ticker | HLIT |
|---|---|
| Exchange | Nasdaq |
| Industry | Radio & Tv Broadcasting & Communications Equipment |
| Headquarters | San Jose, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000851310 |
Frequently Asked Questions
What was Harmonic's revenue in fiscal 2025?
Harmonic (HLIT) reported revenue of $360.5M for fiscal 2025.
What is Harmonic's annual revenue history?
Harmonic's annual revenue by fiscal year: 2020: $378.8M; 2021: $507.1M; 2022: $625.0M; 2023: $607.9M; 2024: $678.7M; 2025: $360.5M.
What was Harmonic's net income in fiscal 2025?
Harmonic reported net income of -$43.3M for fiscal 2025.
What was Harmonic's earnings per share (EPS) in fiscal 2025?
Harmonic's diluted EPS was -$0.38 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Harmonic generate in fiscal 2025?
Harmonic generated $96.9M of free cash flow in fiscal 2025.
What was Harmonic's revenue last quarter?
In its most recent reported quarter (2026 Q2), Harmonic reported revenue of $133.5M.
How much debt does Harmonic have?
Harmonic reported $112.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Harmonic are outstanding?
Harmonic reported a weighted average of 108.7 million basic shares outstanding in 2026 Q2.
What is Harmonic's market cap?
Based on its latest closing price, Harmonic (HLIT) has a market capitalization of about $1.15B.
When does Harmonic's fiscal year end?
Harmonic's fiscal year end, as registered with the SEC, is December 31.
Where is Harmonic headquartered?
Harmonic lists its business address in San Jose, California in its SEC filings.
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