Harmonic Inc. (HLIT)

Nasdaq Information Technology Communications Equipment S&P SmallCap 600

$9.51

+0.20 (+2.15%)

Close of Nov 06, 2026 · end-of-day data

Source: Harmonic Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$405.91M	$358.25M	$403.56M	$402.87M	$378.83M	$507.15M	$624.96M	$388.48M	$488.20M	$360.52M
Cost of revenue	$205.16M	$188.43M	$194.35M	$179.86M	$183.83M	$247.41M	$309.07M	$210.36M	$248.09M	$185.78M
Gross profit	$200.75M	$169.82M	$209.21M	$223.01M	$195.00M	$259.74M	$315.88M	$178.12M	$240.11M	$174.75M
Research & development	$98.40M	$95.98M	$89.16M	$84.61M	$82.49M	$102.23M	$120.31M	$69.71M	$72.57M	$76.33M
Selling, general & admin	$144.38M	$136.27M	$118.95M	$119.03M	$119.61M	$138.09M	$146.72M	$78.27M	$79.17M	$81.38M
Operating income	-$67.04M	-$70.88M	-$5.01M	$13.08M	-$12.45M	$18.81M	$45.52M	$30.03M	$74.73M	$14.08M
Interest expense	$10.09M	$10.62M	$11.40M	$11.65M	$11.51M	$10.62M	$5.04M	$2.70M	$6.46M	$3.80M
Pre-tax income	-$80.43M	-$84.71M	-$16.95M	-$6.60M	-$26.22M	$8.87M	$44.48M	$27.84M	$71.54M	$8.86M
Income tax	-$8.12M	-$1.75M	$4.09M	-$672.00K	$3.05M	-$4.38M	$16.30M	-$60.49M	$20.82M	$7.64M
Net income	-$72.31M	-$82.95M	-$21.04M	-$5.92M	-$29.27M	$13.25M	$28.18M	$83.99M	$39.22M	-$43.31M
EBITDA	-$48.22M	-$56.28M	$7.96M	$24.37M	-$712.00K	$31.36M	$57.78M	$42.28M	$86.87M	$25.16M
EPS (basic)	$-0.93	$-1.02	$-0.25	$-0.07	$-0.30	$0.13	$0.27	$0.75	$0.34	$-0.38
EPS (diluted)	$-0.93	$-1.02	$-0.25	$-0.07	$-0.30	$0.12	$0.25	$0.72	$0.33	$-0.38
Diluted shares	77.70M	80.97M	85.61M	89.58M	96.97M	106.17M	112.38M	117.36M	117.48M	114.18M
Gross margin	49.5%	47.4%	51.8%	55.4%	51.5%	51.2%	50.5%	45.9%	49.2%	48.5%
Operating margin	-16.5%	-19.8%	-1.2%	3.2%	-3.3%	3.7%	7.3%	7.7%	15.3%	3.9%
Net margin	-17.8%	-23.2%	-5.2%	-1.5%	-7.7%	2.6%	4.5%	21.6%	8.0%	-12.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$55.63M	$57.02M	$65.99M	$93.06M	$98.64M	$133.43M	$89.59M	$84.27M	$101.46M	$124.11M
Short-term investments	—	—	—	—	—	—	$0	—	—	—
Receivables	$86.77M	$69.84M	$81.80M	$88.50M	$66.23M	$88.53M	$108.43M	$141.53M	$143.72M	$85.94M
Inventory	$41.19M	$25.98M	$25.64M	$29.04M	$35.03M	$71.19M	$120.95M	$83.98M	$43.06M	$47.84M
Total current assets	$216.84M	$171.78M	$196.70M	$251.36M	$238.03M	$323.13M	$345.30M	$330.73M	$565.14M	$494.37M
Goodwill	$237.28M	$242.83M	$240.62M	$239.78M	$243.67M	$240.21M	$237.74M	$60.78M	$60.77M	$60.90M
Total assets	$554.07M	$508.06M	$510.83M	$587.33M	$591.52M	$693.69M	$710.02M	$768.21M	$796.51M	$718.48M
Total current liabilities	$144.90M	$142.09M	$136.41M	$191.90M	$147.29M	$224.46M	$322.07M	$272.39M	$192.28M	$197.95M
Short-term debt	$7.28M	$7.61M	$7.17M	$6.71M	—	—	—	—	$2.19M	$2.94M
Long-term debt	$19.33M	$21.85M	$19.70M	$17.15M	$21.84M	$17.98M	$15.92M	$0	$112.08M	$109.14M
Total debt	$26.61M	$29.46M	$26.87M	$23.86M	$21.84M	$17.98M	$15.92M	$0	$114.28M	$112.08M
Total liabilities	$283.43M	$289.72M	$282.58M	$332.47M	$333.22M	$396.89M	$385.51M	$331.33M	$331.25M	$335.24M
Shareholders' equity	$270.64M	$229.77M	$228.25M	$252.45M	$258.30M	$295.91M	$324.51M	$436.87M	$465.26M	$383.25M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$438.00K	$3.06M	$12.28M	$31.30M	$39.16M	$41.02M	$5.48M	$7.06M	$61.92M	$107.97M
Capital expenditures	$15.11M	$11.40M	$7.04M	$10.33M	$32.20M	$12.97M	$9.25M	$8.47M	$9.19M	$11.08M
Free cash flow	-$14.67M	-$8.34M	$5.24M	$20.97M	$6.96M	$28.04M	-$3.77M	-$1.42M	$52.73M	$96.89M
Investing cash flow	-$70.48M	-$4.50M	-$6.94M	-$10.33M	-$32.20M	-$12.97M	-$1.29M	-$8.47M	-$9.19M	-$11.08M
Financing cash flow	-$152.00K	$895.00K	$2.65M	$6.30M	-$2.11M	$7.94M	-$43.13M	-$4.99M	-$33.27M	-$81.39M
Dividends paid	—	—	$0	$0	$0	$0	$0	$0	$0	—
Share buybacks	$0	$0	—	—	$0	$0	$5.13M	$0	$30.05M	$79.03M
Stock-based compensation	$13.06M	$16.61M	$17.29M	$12.07M	$18.04M	$24.06M	$25.21M	$27.33M	$28.07M	$31.88M
Depreciation & amortization	$18.82M	$14.60M	$12.97M	$11.29M	$11.74M	$12.55M	$12.26M	$12.26M	$12.14M	$11.08M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Revenue	-$52.33M	$122.06M	$138.74M	$195.76M	$31.64M	$84.88M	$86.92M	$90.49M	$98.23M	$121.69M	$133.46M	$148.84M
Cost of revenue	$224.00K	$58.98M	$65.28M	$91.02M	$32.81M	$38.40M	$47.13M	$48.19M	$52.05M	$58.08M	$63.57M	$71.72M
Gross profit	-$52.56M	$63.08M	$73.46M	$104.73M	-$1.16M	$46.48M	$39.79M	$42.30M	$46.18M	$63.62M	$69.89M	$77.12M
Research & development	-$26.32M	$30.70M	$28.78M	$30.07M	-$16.99M	$19.66M	$17.99M	$18.70M	$19.97M	$20.88M	$21.20M	$23.56M
Selling, general & admin	-$43.03M	$38.87M	$39.82M	$35.85M	-$35.37M	$19.78M	$20.48M	$18.68M	$22.44M	$22.29M	$24.63M	$27.30M
Operating income	$17.49M	-$9.53M	-$15.63M	$35.42M	$64.47M	$7.04M	-$754.00K	$4.03M	$3.77M	$20.45M	$23.63M	$26.16M
Interest expense	$571.00K	$723.00K	$1.42M	$2.69M	$1.63M	$1.31M	$1.09M	$1.18M	-$112.00K	$1.08M	$1.08M	—
Pre-tax income	$17.52M	-$10.54M	-$16.43M	$28.81M	$69.70M	$5.10M	-$3.04M	$3.47M	$3.32M	$19.33M	$21.97M	$25.80M
Income tax	-$70.67M	-$2.45M	-$3.90M	$7.09M	$20.08M	$2.73M	-$2.18M	$3.98M	$3.10M	$9.68M	$4.92M	$7.71M
Net income	$83.84M	-$8.09M	-$12.53M	$21.72M	$38.12M	$5.94M	$2.87M	$2.69M	-$54.81M	$7.31M	-$2.32M	$14.64M
EBITDA	$20.57M	-$6.44M	-$12.40M	$38.28M	$67.43M	$9.76M	$1.92M	$6.85M	$6.63M	$22.97M	$26.30M	$29.28M
EPS (basic)	$0.75	$-0.07	$-0.11	$0.19	$0.33	$0.05	$0.03	$0.02	$-0.48	$0.07	$-0.02	$0.13
EPS (diluted)	$0.72	$-0.07	$-0.11	$0.19	$0.32	$0.05	$0.03	$0.02	$-0.48	$0.07	$-0.02	$0.13
Diluted shares	-551.00K	112.35M	115.03M	117.36M	97.00K	117.02M	113.39M	112.98M	-420.00K	110.62M	109.68M	110.26M
Gross margin	100.4%	51.7%	52.9%	53.5%	-3.7%	54.8%	45.8%	46.7%	47.0%	52.3%	52.4%	51.8%
Operating margin	-33.4%	-7.8%	-11.3%	18.1%	203.7%	8.3%	-0.9%	4.5%	3.8%	16.8%	17.7%	17.6%
Net margin	-160.2%	-6.6%	-9.0%	11.1%	120.5%	7.0%	3.3%	3.0%	-55.8%	6.0%	-1.7%	9.8%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Cash & equivalents	$84.27M	$84.31M	$45.85M	$58.17M	$101.46M	$148.71M	$123.92M	$127.38M	$124.11M	$109.00M	$231.86M	$142.84M
Receivables	$141.53M	$105.85M	$120.00M	$173.73M	$143.72M	$98.57M	$120.67M	$104.54M	$85.94M	$83.50M	$89.91M	$117.11M
Inventory	$83.98M	$86.63M	$84.13M	$73.86M	$43.06M	$62.05M	$71.14M	$68.60M	$47.84M	$51.20M	$66.47M	$94.83M
Total current assets	$330.73M	$300.81M	$284.55M	$336.37M	$565.14M	$340.69M	$342.86M	$327.03M	$494.37M	$485.25M	$417.19M	$379.63M
Goodwill	$60.78M	$238.29M	$237.88M	$239.60M	$60.77M	$238.20M	$241.72M	$241.77M	$60.90M	$60.88M	$61.09M	$64.59M
Total assets	$768.21M	$740.67M	$713.70M	$759.86M	$796.51M	$773.75M	$783.35M	$758.60M	$718.48M	$705.31M	$632.64M	$589.10M
Total current liabilities	$272.39M	$274.82M	$151.90M	$161.66M	$192.28M	$165.22M	$172.21M	$157.10M	$197.95M	$214.24M	$136.93M	$156.16M
Short-term debt	—	—	—	—	$2.19M	—	$2.69M	$2.94M	$2.94M	$2.94M	$2.94M	$2.94M
Long-term debt	$0	—	$113.81M	$112.82M	$112.08M	$111.35M	$110.61M	$109.88M	$109.14M	$108.40M	$107.67M	$31.93M
Total debt	$0	—	$113.81M	$112.82M	$114.28M	$111.35M	$113.31M	$112.82M	$112.08M	$111.35M	$110.61M	$34.88M
Total liabilities	$331.33M	$331.52M	$320.89M	$330.92M	$331.25M	$327.62M	$336.94M	$315.58M	$335.24M	$350.15M	$272.30M	$213.55M
Shareholders' equity	$436.87M	$409.15M	$392.81M	$428.94M	$465.26M	$446.13M	$446.40M	$443.01M	$383.25M	$355.15M	$360.35M	$375.56M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Operating cash flow	$6.27M	$26.82M	-$22.15M	$8.72M	$48.53M	$83.61M	-$11.70M	$23.77M	$12.29M	$31.69M	-$57.95M	$50.21M
Capital expenditures	$2.73M	$1.91M	$1.95M	$2.98M	$2.35M	$1.87M	$3.80M	$2.73M	$2.68M	$1.40M	$1.61M	$2.83M
Free cash flow	$3.54M	$24.91M	-$24.10M	$5.74M	$46.19M	$81.73M	-$15.50M	$21.04M	$9.61M	$30.29M	-$59.56M	$47.38M
Investing cash flow	$3.58M	-$1.91M	-$1.95M	-$2.98M	-$2.35M	-$1.87M	-$3.80M	-$2.73M	-$2.68M	-$1.40M	$130.36M	-$4.63M
Financing cash flow	-$2.01M	-$23.87M	-$11.05M	$2.94M	-$1.29M	-$36.07M	-$12.81M	-$17.75M	-$14.76M	-$44.55M	$90.51M	-$173.39M
Share buybacks	$0	$21.68M	$8.37M	$0	$0	$36.08M	$14.02M	$15.65M	$13.27M	$42.95M	-$1.00K	$3.63M
Stock-based compensation	$6.61M	$6.92M	$6.95M	$5.71M	$8.49M	$8.46M	$7.70M	$7.32M	$8.40M	$9.81M	$11.66M	$6.06M
Depreciation & amortization	$3.08M	$3.08M	$3.23M	$2.86M	$2.97M	$2.72M	$2.67M	$2.82M	$2.87M	$2.52M	$2.67M	$3.12M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.