Maxlinear, Inc (MXL) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Maxlinear reported revenue of $467.6M, up 29.7% from $360.5M the year before. Net income was -$136.7M (a -29.2% net margin), or -$1.58 per diluted share. Gross margin was 56.8% and operating margin was -27.1%. Operating activities generated $19.6M of cash, leaving $7.0M of free cash flow. At fiscal year end, Maxlinear held $796.4M in total assets against $344.5M in total liabilities, including $72.8M of cash and equivalents.
Open the full interactive Maxlinear financials → Quarterly statements, key ratios, valuation history and price charts.
Maxlinear Key Stats
| Share Price | $88.64 |
|---|---|
| Market Cap | $8.63B |
| Revenue YoY Growth | +29.7% |
| 52-Week Range | $13.05 – $128.03 |
| Shares Outstanding | 90.0 million (basic, 2026 Q2) |
Maxlinear Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $478.6M | $892.4M | $1.12B | $693.3M | $360.5M | $467.6M |
| Gross Profit | $212.8M | $495.8M | $649.8M | $385.7M | $194.8M | $265.8M |
| Operating Income | -$101.1M | $65.2M | $180.2M | -$38.2M | -$223.4M | -$126.9M |
| Pre-Tax Income | -$114.9M | $47.9M | $174.2M | -$63.8M | -$238.7M | -$140.9M |
| Income Tax | -$16.3M | $5.9M | $49.2M | $9.3M | $6.5M | -$4.2M |
| Net Income | -$98.6M | $42.0M | $125.0M | -$73.1M | -$245.2M | -$136.7M |
| Diluted EPS | -$1.35 | $0.53 | $1.55 | -$0.91 | -$2.93 | -$1.58 |
Maxlinear Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $126.5M | $136.4M | $137.2M | $168.8M |
| Net Income | -$45.5M | -$14.9M | -$45.1M | $1.8M |
| Diluted EPS | -$0.52 | -$0.17 | -$0.52 | $0.02 |
Maxlinear Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $148.9M | $130.6M | $187.4M | $187.3M | $118.6M | $72.8M |
| Current Assets | $361.7M | $404.1M | $563.1M | $488.0M | $323.4M | $248.8M |
| Total Assets | $1.02B | $1.05B | $1.18B | $1.08B | $864.6M | $796.4M |
| Current Liabilities | $233.7M | $207.4M | $341.1M | $222.1M | $182.3M | $186.0M |
| Total Long-Term Debt | $369.8M | $306.2M | $121.8M | $122.4M | $123.0M | $123.6M |
| Total Liabilities | $631.3M | $561.2M | $503.6M | $394.0M | $348.4M | $344.5M |
| Shareholders' Equity | $391.1M | $489.2M | $676.4M | $686.3M | $516.3M | $451.9M |
Maxlinear Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $73.6M | $168.2M | $388.7M | $43.4M | -$45.3M | $19.6M |
| Cash From Investing | -$175.3M | -$91.8M | -$91.8M | -$15.9M | -$23.4M | -$19.8M |
| Cash From Financing | $159.6M | -$91.9M | -$240.4M | -$26.4M | $1.3M | -$18.7M |
| Free Cash Flow | $61.1M | $129.1M | $347.5M | $29.9M | -$63.0M | $7.0M |
Figures from Maxlinear'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 Maxlinear financials page for every line item.
Maxlinear Company Profile
| Ticker | MXL |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Carlsbad, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001288469 |
Frequently Asked Questions
What was Maxlinear's revenue in fiscal 2025?
Maxlinear (MXL) reported revenue of $467.6M for fiscal 2025.
What is Maxlinear's annual revenue history?
Maxlinear's annual revenue by fiscal year: 2020: $478.6M; 2021: $892.4M; 2022: $1.12B; 2023: $693.3M; 2024: $360.5M; 2025: $467.6M.
What was Maxlinear's net income in fiscal 2025?
Maxlinear reported net income of -$136.7M for fiscal 2025.
What was Maxlinear's earnings per share (EPS) in fiscal 2025?
Maxlinear's diluted EPS was -$1.58 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Maxlinear generate in fiscal 2025?
Maxlinear generated $7.0M of free cash flow in fiscal 2025.
What was Maxlinear's revenue last quarter?
In its most recent reported quarter (2026 Q2), Maxlinear reported revenue of $168.8M.
How much debt does Maxlinear have?
Maxlinear reported $123.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Maxlinear are outstanding?
Maxlinear reported a weighted average of 90.0 million basic shares outstanding in 2026 Q2.
What is Maxlinear's market cap?
Based on its latest closing price, Maxlinear (MXL) has a market capitalization of about $8.63B.
When does Maxlinear's fiscal year end?
Maxlinear's fiscal year end, as registered with the SEC, is December 31.
Where is Maxlinear headquartered?
Maxlinear lists its business address in Carlsbad, California in its SEC filings.