Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $406M | $358M | $404M | $403M | $379M | $507M | $625M | $388M | $488M | $361M |
| Revenue growth | — | -11.7% | 12.6% | -0.2% | -6.0% | 33.9% | 23.2% | -37.8% | 25.7% | -26.2% |
| Gross profit | $201M | $170M | $209M | $223M | $195M | $260M | $316M | $178M | $240M | $175M |
| Gross margin | 49.5% | 47.4% | 51.8% | 55.4% | 51.5% | 51.2% | 50.5% | 45.9% | 49.2% | 48.5% |
| Operating income | -$67.0M | -$70.9M | -$5.01M | $13.1M | -$12.4M | $18.8M | $45.5M | $30.0M | $74.7M | $14.1M |
| Operating margin | -16.5% | -19.8% | -1.2% | 3.2% | -3.3% | 3.7% | 7.3% | 7.7% | 15.3% | 3.9% |
| Net income | -$72.3M | -$83.0M | -$21.0M | -$5.92M | -$29.3M | $13.3M | $28.2M | $84.0M | $39.2M | -$43.3M |
| Net margin | -17.8% | -23.2% | -5.2% | -1.5% | -7.7% | 2.6% | 4.5% | 21.6% | 8.0% | -12.0% |
| EPS (diluted) | -$0.93 | -$1.02 | -$0.25 | -$0.07 | -$0.30 | $0.12 | $0.25 | $0.72 | $0.33 | -$0.38 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $438K | $3.06M | $12.3M | $31.3M | $39.2M | $41.0M | $5.48M | $7.06M | $61.9M | $108M |
| Capital expenditures | $15.1M | $11.4M | $7.04M | $10.3M | $32.2M | $13.0M | $9.25M | $8.47M | $9.19M | $11.1M |
| Free cash flow | -$14.7M | -$8.34M | $5.24M | $21.0M | $6.96M | $28.0M | -$3.77M | -$1.42M | $52.7M | $96.9M |
| Share buybacks | $0.00 | $0.00 | — | — | $0.00 | $0.00 | $5.13M | $0.00 | $30.0M | $79.0M |
| Dividends paid | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $55.6M | $57.0M | $66.0M | $93.1M | $98.6M | $133M | $89.6M | $84.3M | $101M | $124M |
| Total assets | $554M | $508M | $511M | $587M | $592M | $694M | $710M | $768M | $797M | $718M |
| Total liabilities | $283M | $290M | $283M | $332M | $333M | $397M | $386M | $331M | $331M | $335M |
| Long-term debt | $19.3M | $21.8M | $19.7M | $17.2M | $21.8M | $18.0M | $15.9M | $0.00 | $112M | $109M |
| Shareholders' equity | $271M | $230M | $228M | $252M | $258M | $296M | $325M | $437M | $465M | $383M |
| Retained earnings | -$1.98B | -$2.06B | -$2.07B | -$2.07B | -$2.10B | -$2.09B | -$2.05B | -$1.96B | -$1.95B | -$2.08B |
| Shares (wtd avg diluted) | 78.5M | 82.6M | 87.1M | 89.6M | 97.0M | 106M | 112M | 117M | 117M | 114M |
Every figure is extracted from HARMONIC 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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