Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $459M | $510M | $441M | $424M | $541M | $679M | $868M | $1.04B | $832M | $1.00B |
| Revenue growth | — | 11.2% | -13.5% | -3.8% | 27.6% | 25.5% | 27.7% | 19.8% | -20.0% | 20.3% |
| Gross profit | $201M | $173M | $197M | $188M | $267M | $357M | $435M | $518M | $454M | $568M |
| Gross margin | 43.9% | 33.9% | 44.7% | 44.3% | 49.3% | 52.5% | 50.2% | 49.9% | 54.6% | 56.8% |
| Operating income | -$28.1M | -$81.6M | -$18.5M | -$15.4M | $36.8M | $73.9M | $52.6M | $25.6M | -$43.0M | $21.0M |
| Operating margin | -6.1% | -16.0% | -4.2% | -3.6% | 6.8% | 10.9% | 6.1% | 2.5% | -5.2% | 2.1% |
| Net income | -$27.4M | -$83.0M | -$19.3M | -$17.7M | $33.5M | $238M | $41.0M | $29.3M | -$29.7M | $17.9M |
| Net margin | -6.0% | -16.3% | -4.4% | -4.2% | 6.2% | 35.1% | 4.7% | 2.8% | -3.6% | 1.8% |
| EPS (diluted) | -$0.56 | -$1.66 | -$0.37 | -$0.32 | $0.54 | $3.51 | $0.60 | $0.42 | -$0.45 | $0.26 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $24.4M | -$62.8M | $3.56M | $4.65M | $51.4M | $56.8M | $27.2M | $56.3M | $68.4M | $135M |
| Capital expenditures | $9.84M | $8.03M | $10.4M | $13.4M | $7.82M | $10.5M | $14.1M | $17.9M | $18.1M | $19.4M |
| Free cash flow | $14.6M | -$70.8M | -$6.87M | -$8.70M | $43.6M | $46.3M | $13.1M | $38.4M | $50.3M | $116M |
| Share buybacks | $12.8M | $0.00 | $0.00 | — | — | $0.00 | $0.00 | $86.4M | $10.7M | $93.6M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $50.4M | $39.8M | $49.6M | $46.8M | $80.8M | $51.3M | $79.1M | $63.4M | $43.2M | $143M |
| Total assets | $355M | $295M | $317M | $317M | $427M | $742M | $885M | $942M | $939M | $1.06B |
| Total liabilities | $143M | $150M | $165M | $163M | $147M | $174M | $205M | $223M | $158M | $199M |
| Shareholders' equity | $213M | $145M | $152M | $154M | $280M | $568M | $680M | $719M | $781M | $859M |
| Retained earnings | -$584M | -$667M | -$685M | -$703M | -$669M | -$431M | -$390M | -$360M | -$390M | -$372M |
| Shares (wtd avg diluted) | 49.4M | 51.5M | 52.6M | 55.0M | 62.0M | 67.9M | 68.9M | 69.3M | 65.9M | 69.3M |
Every figure is extracted from CALIX, INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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