MaxLinear, Inc. (MXL)

Nasdaq Information Technology Semiconductors S&P SmallCap 600

$49.18

+4.87 (+10.99%)

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

Source: MaxLinear, 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	$387.83M	$420.32M	$385.00M	$317.18M	$478.60M	$892.40M	$1.12B	$693.26M	$360.53M	$467.64M
Cost of revenue	$157.84M	$212.35M	$176.22M	$149.50M	$265.80M	$396.57M	$470.48M	$307.60M	$165.75M	$201.83M
Gross profit	$229.99M	$207.96M	$208.77M	$167.69M	$212.80M	$495.83M	$649.77M	$385.66M	$194.78M	$265.81M
Research & development	$97.75M	$112.28M	$120.05M	$98.34M	$179.99M	$278.44M	$296.44M	$269.50M	$225.19M	$208.60M
Selling, general & admin	$64.45M	$105.83M	$101.79M	$88.76M	$130.03M	$149.94M	$168.01M	$132.16M	$138.33M	$159.58M
Operating income	$63.06M	-$21.67M	-$19.10M	-$22.06M	-$101.14M	$65.25M	$180.24M	-$38.22M	-$223.35M	-$126.89M
Interest expense	$104.00K	$10.38M	$14.26M	$11.13M	$12.95M	$13.00M	$9.77M	$10.70M	$10.87M	$10.06M
Pre-tax income	$63.69M	-$34.00M	-$32.85M	-$32.48M	-$114.85M	$47.87M	$174.20M	-$63.81M	-$238.72M	-$140.89M
Income tax	$2.40M	-$24.81M	-$6.65M	-$12.59M	-$16.26M	$5.90M	$49.16M	$9.34M	$6.48M	-$4.21M
Net income	$61.29M	-$9.19M	-$26.20M	-$19.90M	-$98.59M	$41.97M	$125.04M	-$73.15M	-$245.20M	-$136.68M
EBITDA	$89.76M	$45.07M	$59.93M	$44.34M	-$24.63M	$157.04M	$260.97M	$33.30M	-$169.21M	-$82.90M
EPS (basic)	$0.96	$-0.14	$-0.38	$-0.28	$-1.35	$0.55	$1.60	$-0.91	$-2.93	$-1.58
EPS (diluted)	$0.91	$-0.14	$-0.38	$-0.28	$-1.35	$0.53	$1.55	$-0.91	$-2.93	$-1.58
Diluted shares	67.65M	66.25M	68.49M	71.00M	73.13M	79.68M	80.85M	80.72M	83.60M	86.59M
Gross margin	59.3%	49.5%	54.2%	52.9%	44.5%	55.6%	58.0%	55.6%	54.0%	56.8%
Operating margin	16.3%	-5.2%	-5.0%	-7.0%	-21.1%	7.3%	16.1%	-5.5%	-62.0%	-27.1%
Net margin	15.8%	-2.2%	-6.8%	-6.3%	-20.6%	4.7%	11.2%	-10.6%	-68.0%	-29.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$81.09M	$71.87M	$73.14M	$92.71M	$148.90M	$130.57M	$187.35M	$187.29M	$118.58M	$72.81M
Short-term investments	—	—	—	—	—	$0	$18.53M	$0	—	—
Receivables	$50.49M	$66.10M	$59.49M	$50.41M	$67.44M	$119.72M	$170.97M	$170.62M	$85.46M	$46.12M
Inventory	$26.58M	$53.43M	$41.74M	$31.51M	$97.84M	$131.70M	$160.54M	$99.91M	$90.34M	$78.10M
Total current assets	$212.85M	$201.30M	$185.37M	$181.77M	$361.72M	$404.10M	$563.12M	$488.02M	$323.44M	$248.84M
Goodwill	$76.02M	$237.99M	$238.33M	$238.33M	$302.83M	$306.67M	$306.74M	$318.59M	$318.59M	$318.59M
Total assets	$422.65M	$824.86M	$743.59M	$705.79M	$1.02B	$1.05B	$1.18B	$1.08B	$864.64M	$796.40M
Total current liabilities	$54.54M	$76.39M	$75.33M	$66.56M	$233.66M	$207.40M	$341.09M	$222.13M	$182.28M	$186.02M
Short-term debt	$0	—	—	$0	$0	—	—	—	—	$0
Long-term debt	$0	$347.61M	$255.76M	$206.91M	$363.59M	$306.15M	$121.76M	$122.38M	$123.00M	$123.62M
Total debt	$0	$347.61M	$255.76M	$206.91M	$363.59M	$306.15M	$121.76M	$122.38M	$123.00M	$123.62M
Total liabilities	$70.23M	$437.44M	$343.66M	$290.87M	$631.33M	$561.19M	$503.64M	$393.99M	$348.36M	$344.50M
Shareholders' equity	$352.42M	$387.42M	$399.94M	$414.92M	$391.12M	$489.20M	$676.38M	$686.26M	$516.28M	$451.89M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$117.32M	$75.06M	$102.69M	$78.35M	$73.59M	$168.23M	$388.73M	$43.37M	-$45.30M	$19.62M
Capital expenditures	$8.51M	$7.47M	$7.83M	$6.89M	$12.49M	$39.18M	$41.25M	$13.45M	$17.68M	$12.60M
Free cash flow	$108.81M	$67.60M	$94.86M	$71.46M	$61.11M	$129.06M	$347.47M	$29.92M	-$62.98M	$7.02M
Investing cash flow	-$101.31M	-$432.15M	-$7.83M	-$6.97M	-$175.29M	-$91.76M	-$91.76M	-$15.94M	-$23.45M	-$19.80M
Financing cash flow	-$670.00K	$347.02M	-$93.78M	-$53.38M	$159.65M	-$91.90M	-$240.40M	-$26.36M	$1.29M	-$18.66M
Share buybacks	$3.00K	$334.00K	$0	$0	$0	$23.55M	$31.51M	$0	$0	$20.00M
Stock-based compensation	$21.77M	$32.67M	$31.72M	$32.06M	$47.60M	$59.36M	$81.70M	$55.18M	$66.02M	$77.13M
Depreciation & amortization	$26.70M	$66.74M	$79.03M	$66.40M	$76.51M	$91.79M	$80.73M	$71.52M	$54.14M	$43.99M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$125.35M	$95.27M	$91.99M	$81.10M	$92.17M	$95.93M	$108.81M	$126.46M	$136.44M	$137.19M	$168.85M	$218.06M
Cost of revenue	$56.81M	$46.00M	$41.80M	$37.02M	$40.92M	$42.10M	$47.29M	$54.56M	$57.88M	$58.30M	$71.18M	$89.99M
Gross profit	$68.54M	$49.27M	$50.19M	$44.08M	$51.25M	$53.83M	$61.52M	$71.90M	$78.56M	$78.88M	$97.66M	$128.07M
Research & development	$65.25M	$64.77M	$56.54M	$52.60M	$51.28M	$55.46M	$47.20M	$54.25M	$51.69M	$53.16M	$56.03M	$60.64M
Selling, general & admin	$34.38M	$36.49M	$33.60M	$30.15M	$38.09M	$36.59M	$33.36M	$47.67M	$41.96M	$42.46M	$45.75M	$36.95M
Operating income	-$41.74M	-$74.62M	-$40.82M	-$66.74M	-$41.17M	-$46.09M	-$24.61M	-$41.29M	-$14.89M	-$17.21M	-$4.18M	$30.23M
Interest expense	$2.91M	$2.71M	$2.71M	$2.65M	$2.80M	$2.50M	$2.51M	$2.65M	$2.39M	$2.20M	$2.27M	$2.69M
Pre-tax income	-$42.63M	-$74.07M	-$41.33M	-$82.50M	-$40.82M	-$49.00M	-$30.70M	-$43.39M	-$17.80M	-$18.65M	-$6.55M	$28.17M
Income tax	-$4.13M	-$1.76M	-$2.06M	-$6.71M	$17.02M	$711.00K	-$4.12M	$2.10M	-$2.91M	$26.48M	-$8.31M	-$732.00K
Net income	-$38.50M	-$72.31M	-$39.27M	-$75.78M	-$57.84M	-$49.71M	-$26.59M	-$45.48M	-$14.90M	-$45.14M	$1.76M	$28.90M
EBITDA	-$25.15M	-$57.93M	-$27.22M	-$54.60M	-$29.46M	-$34.95M	-$17.18M	-$32.30M	$1.53M	-$6.27M	$3.01M	$39.08M
EPS (basic)	$-0.48	$-0.88	$-0.47	$-0.90	$-0.68	$-0.58	$-0.31	$-0.52	$-0.17	$-0.52	$0.02	$0.32
EPS (diluted)	$-0.48	$-0.88	$-0.47	$-0.90	$-0.68	$-0.58	$-0.31	$-0.52	$-0.17	$-0.52	$0.02	$0.30
Diluted shares	324.00K	82.35M	83.48M	84.07M	297.00K	85.27M	86.63M	87.19M	220.00K	87.59M	97.33M	97.71M
Gross margin	54.7%	51.7%	54.6%	54.4%	55.6%	56.1%	56.5%	56.9%	57.6%	57.5%	57.8%	58.7%
Operating margin	-33.3%	-78.3%	-44.4%	-82.3%	-44.7%	-48.0%	-22.6%	-32.7%	-10.9%	-12.5%	-2.5%	13.9%
Net margin	-30.7%	-75.9%	-42.7%	-93.4%	-62.8%	-51.8%	-24.4%	-36.0%	-10.9%	-32.9%	1.0%	13.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$187.29M	$191.88M	$185.11M	$148.48M	$118.58M	$102.77M	$108.62M	$111.86M	$72.81M	$61.08M	$64.81M	$81.08M
Short-term investments	$0	—	—	—	—	—	—	—	—	—	—	—
Receivables	$170.62M	$126.23M	$84.94M	$47.93M	$85.46M	$98.92M	$105.82M	$52.93M	$46.12M	$40.85M	$51.04M	$73.38M
Inventory	$99.91M	$96.12M	$94.74M	$96.06M	$90.34M	$86.00M	$86.03M	$86.33M	$78.10M	$85.84M	$105.49M	$113.72M
Total current assets	$488.02M	$444.68M	$397.58M	$328.26M	$323.44M	$320.41M	$330.15M	$284.13M	$248.84M	$249.45M	$298.66M	$391.19M
Goodwill	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M	$318.59M
Total assets	$1.08B	$1.03B	$973.20M	$895.30M	$864.64M	$855.28M	$863.74M	$808.13M	$796.40M	$771.27M	$822.57M	$916.43M
Total current liabilities	$222.13M	$223.85M	$190.28M	$168.60M	$182.28M	$196.89M	$213.49M	$183.55M	$186.02M	$146.66M	$168.12M	$176.42M
Short-term debt	—	—	—	—	—	—	—	—	$0	—	$0	$0
Long-term debt	$122.38M	$122.53M	$122.68M	$122.84M	$123.00M	$123.15M	$123.31M	$123.46M	$123.62M	$123.77M	$123.93M	$164.06M
Total debt	$122.38M	$122.53M	$122.68M	$122.84M	$123.00M	$123.15M	$123.31M	$123.46M	$123.62M	$123.77M	$123.93M	$164.06M
Total liabilities	$393.99M	$392.64M	$355.94M	$338.43M	$348.36M	$362.11M	$375.41M	$343.41M	$344.50M	$317.08M	$337.73M	$383.42M
Shareholders' equity	$686.26M	$637.98M	$617.25M	$556.87M	$516.28M	$493.18M	$488.33M	$464.73M	$451.89M	$454.19M	$484.84M	$533.01M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	-$16.57M	$15.97M	-$2.70M	-$30.73M	-$27.84M	-$11.40M	$10.49M	$10.12M	$10.41M	-$8.87M	$4.81M	-$13.59M
Capital expenditures	$1.27M	$8.34M	$3.01M	$4.13M	$2.19M	$1.99M	$1.17M	$5.73M	$3.71M	$1.38M	$2.34M	$5.94M
Free cash flow	-$17.85M	$7.63M	-$5.71M	-$34.86M	-$30.03M	-$13.39M	$9.32M	$4.39M	$6.70M	-$10.26M	$2.47M	-$19.53M
Investing cash flow	$14.83M	-$8.71M	-$5.79M	-$5.95M	-$3.00M	-$1.99M	-$7.38M	-$6.74M	-$3.69M	-$4.24M	-$3.15M	-$9.65M
Financing cash flow	$1.17M	-$2.10M	$2.03M	-$58.00K	$1.42M	-$2.14M	$2.08M	$15.00K	-$18.61M	$2.28M	$1.61M	$39.91M
Share buybacks	$0	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	$16.41M	$17.06M	$17.36M	$12.79M	$18.81M	$22.91M	$13.11M	$21.51M	$19.59M	$20.03M	$27.48M	$19.82M
Depreciation & amortization	$16.59M	$16.68M	$13.60M	$12.14M	$11.71M	$11.15M	$7.43M	$8.99M	$16.42M	$10.94M	$7.19M	$8.85M

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.