Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.60B | $2.80B | $3.09B | $3.57B | $3.53B | $3.62B | $3.63B | $4.39B | $4.01B | $4.77B |
| Revenue growth | — | 7.7% | 10.4% | 15.4% | -1.1% | 2.5% | 0.3% | 20.8% | -8.5% | 18.8% |
| Gross profit | $1.16B | $1.25B | $1.31B | $1.54B | $1.65B | $1.72B | $1.56B | $1.88B | $1.72B | $2.00B |
| Gross margin | 44.7% | 44.5% | 42.5% | 43.2% | 46.8% | 47.6% | 43.0% | 42.8% | 42.8% | 42.0% |
| Operating income | $156M | $215M | $230M | $347M | $487M | $495M | $223M | $358M | $167M | $198M |
| Operating margin | 6.0% | 7.7% | 7.4% | 9.7% | 13.8% | 13.7% | 6.1% | 8.2% | 4.1% | 4.1% |
| Net income | $72.6M | $1.26B | -$345M | $253M | $361M | $500M | $153M | $255M | $84.0M | $123M |
| Net margin | 2.8% | 45.0% | -11.1% | 7.1% | 10.2% | 13.8% | 4.2% | 5.8% | 2.1% | 2.6% |
| EPS (diluted) | $0.51 | $7.53 | -$2.49 | $1.61 | $2.32 | $3.19 | $1.00 | $1.71 | $0.58 | $0.85 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $290M | $235M | $229M | $413M | $494M | $542M | -$168M | $168M | $515M | $806M |
| Capital expenditures | $107M | $94.6M | $67.6M | $62.6M | $82.7M | $79.5M | $90.8M | $106M | $137M | $141M |
| Free cash flow | $182M | $140M | $162M | $351M | $411M | $462M | -$259M | $62.1M | $378M | $665M |
| Share buybacks | $0.00 | $0.00 | $111M | $150M | $74.5M | $91.3M | $501M | $242M | $255M | $335M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $778M | $641M | $745M | $904M | $1.09B | $1.42B | $994M | $1.01B | $935M | $1.09B |
| Total assets | $2.87B | $3.95B | $3.76B | $3.89B | $4.18B | $4.87B | $5.07B | $5.60B | $5.64B | $5.86B |
| Total liabilities | $2.11B | $1.82B | $1.83B | $1.72B | $1.67B | $1.85B | $2.36B | $2.75B | $2.83B | $3.14B |
| Long-term debt | $1.02B | $584M | $686M | $680M | $676M | $670M | $1.06B | $1.54B | $1.53B | $1.52B |
| Shareholders' equity | $766M | $2.14B | $1.93B | $2.17B | $2.51B | $3.02B | $2.71B | $2.85B | $2.82B | $2.73B |
| Retained earnings | -$5.93B | -$4.66B | -$4.95B | -$4.64B | -$4.28B | -$3.79B | -$3.63B | -$3.38B | -$3.29B | -$3.17B |
| Shares (wtd avg diluted) | 151M | 170M | 144M | 158M | 156M | 157M | 152M | 149M | 146M | 145M |
Every figure is extracted from CIENA CORP’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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