Financial Statements — HLIT
Balance Sheet
(in billions USD)| Metric | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.13 | 0.23 | 0.11 | 0.06 | 0.05 | 0.08 | 0.08 | 0.07 | 0.09 | 0.11 | 0.12 | 0.10 | 0.13 | 0.12 | 0.10 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.10 | 0.09 | 0.08 | 0.17 | 0.12 | 0.11 | 0.11 | 0.12 | 0.09 | 0.11 | 0.11 | 0.12 | 0.08 | 0.10 | 0.09 |
| Inventory | 0.07 | 0.07 | 0.05 | 0.07 | 0.08 | 0.09 | 0.10 | 0.11 | 0.13 | 0.10 | 0.08 | 0.08 | 0.05 | 0.04 | 0.04 |
| Total Current Assets | 0.33 | 0.42 | 0.49 | 0.34 | 0.28 | 0.30 | 0.33 | 0.33 | 0.34 | 0.34 | 0.34 | 0.33 | 0.29 | 0.30 | 0.26 |
| Property, Plant & Equipment | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Goodwill | 0.24 | 0.06 | 0.06 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Total Non-current Assets* | 0.43 | 0.22 | 0.22 | 0.42 | 0.43 | 0.44 | 0.34 | 0.36 | 0.37 | 0.36 | 0.36 | 0.38 | 0.35 | 0.35 | 0.35 |
| Total Assets | 0.76 | 0.63 | 0.71 | 0.76 | 0.71 | 0.74 | 0.67 | 0.69 | 0.70 | 0.70 | 0.70 | 0.70 | 0.64 | 0.65 | 0.61 |
| Accounts Payable | 0.02 | 0.04 | 0.03 | 0.04 | 0.03 | 0.04 | 0.05 | 0.04 | 0.06 | 0.06 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 |
| Total Current Liabilities | 0.16 | 0.14 | 0.21 | 0.16 | 0.15 | 0.27 | 0.28 | 0.29 | 0.31 | 0.22 | 0.22 | 0.23 | 0.20 | 0.19 | 0.19 |
| Long-term Debt | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.16 | 0.14 | 0.14 | 0.17 | 0.17 | 0.06 | 0.06 | 0.06 | 0.06 | 0.18 | 0.18 | 0.18 | 0.17 | 0.20 | 0.16 |
| Total Liabilities | 0.32 | 0.27 | 0.35 | 0.33 | 0.32 | 0.33 | 0.33 | 0.35 | 0.37 | 0.40 | 0.40 | 0.42 | 0.37 | 0.38 | 0.35 |
| Retained Earnings | (2.01) | (2.11) | (2.11) | (1.99) | (2.01) | (1.99) | (2.05) | (2.04) | (2.04) | (2.05) | (2.06) | (2.07) | (2.11) | (2.11) | (2.11) |
| Total Stockholder Equity | 0.44 | 0.36 | 0.36 | 0.43 | 0.39 | 0.41 | 0.34 | 0.34 | 0.34 | 0.30 | 0.30 | 0.28 | 0.27 | 0.27 | 0.26 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | (53.02) | 142.38 | 133.46 | 121.70 | 222.17 | 195.76 | 138.74 | 122.06 | 167.09 | 127.20 | 155.96 | 157.65 | 164.33 | 155.74 | 157.45 | 147.44 | 155.80 | 126.32 | 113.45 | 111.58 |
| Cost of Revenue | 1.73 | 65.25 | 63.57 | 58.08 | 97.52 | 91.02 | 65.28 | 58.98 | 85.23 | 65.52 | 71.02 | 73.60 | 78.64 | 77.13 | 75.05 | 78.26 | 77.87 | 60.17 | 52.94 | 56.43 |
| Gross Profit | (54.75) | 77.13 | 69.89 | 63.62 | 124.65 | 104.73 | 73.46 | 63.08 | 81.87 | 61.68 | 84.94 | 84.05 | 85.70 | 78.60 | 82.40 | 69.18 | 77.94 | 66.15 | 60.51 | 55.15 |
| Research & Development | (14.16) | 29.70 | 21.20 | 20.88 | 31.41 | 30.07 | 28.78 | 30.71 | 30.25 | 30.32 | 32.21 | 33.51 | 31.09 | 30.47 | 29.92 | 28.83 | 27.37 | 26.55 | 24.78 | 23.53 |
| Selling, General & Admin | (30.43) | 36.52 | 24.63 | 22.29 | 38.59 | 35.85 | 39.82 | 38.87 | 41.98 | 39.24 | 42.77 | 39.28 | 36.93 | 36.38 | 36.77 | 36.64 | 35.36 | 34.23 | 33.59 | 34.91 |
| Total Operating Expenses | (45.01) | 67.31 | 46.26 | 43.17 | 71.78 | 69.31 | 89.09 | 72.61 | 72.23 | 70.29 | 74.98 | 72.87 | 69.22 | 67.18 | 67.32 | 66.65 | 62.79 | 60.78 | 58.37 | 58.99 |
| Operating Income | (9.74) | 9.82 | 23.63 | 20.45 | 52.87 | 35.42 | (15.63) | (9.53) | 9.63 | (8.60) | 9.96 | 11.18 | 16.48 | 11.42 | 15.08 | 2.54 | 15.15 | 5.37 | 2.14 | (3.84) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.72 | 0.57 | 0.62 | 0.80 | 0.71 | 0.93 | 1.28 | 1.39 | 1.43 | 2.71 | 2.69 | 2.63 | 2.60 |
| Pretax Income | (11.34) | 8.75 | 21.97 | 19.33 | 56.10 | 28.81 | (16.43) | (10.54) | 8.81 | (8.88) | 9.03 | 10.18 | 15.34 | 10.02 | 17.96 | 1.17 | 12.47 | 2.47 | (0.64) | (5.43) |
| Tax Provision | (1.05) | 6.05 | 4.92 | 9.68 | 17.98 | 7.09 | (3.90) | (2.45) | (75.03) | (2.38) | 7.47 | 5.09 | 9.21 | 1.28 | 3.12 | 2.69 | (7.39) | 0.94 | 1.37 | 0.70 |
| Net Income | (54.81) | 2.69 | (2.32) | 7.31 | 38.12 | 21.72 | (12.53) | (8.09) | 83.84 | (6.49) | 1.56 | 5.09 | 6.13 | 8.74 | 14.84 | (1.53) | 19.86 | 1.53 | (2.01) | (6.12) |
| Basic EPS | (0.48) | 0.02 | (0.02) | 0.07 | 0.33 | 0.19 | (0.11) | (0.07) | 0.75 | (0.06) | 0.01 | 0.05 | 0.06 | 0.08 | 0.14 | (0.01) | 0.20 | 0.01 | -- | -- |
| Diluted EPS | (0.48) | 0.02 | (0.02) | 0.07 | 0.32 | 0.19 | (0.11) | (0.07) | 0.73 | (0.06) | 0.01 | 0.04 | 0.04 | 0.08 | 0.14 | (0.01) | 0.19 | 0.01 | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | 12.29 | 23.77 | (57.95) | 31.69 | 48.53 | 8.72 | (22.15) | 26.82 | 6.27 | 11.04 | (16.52) | 6.27 | 19.35 | (8.22) | 21.83 | (27.48) | 7.36 | 15.22 | 16.76 | 1.68 |
| Capital Expenditures | 2.68 | 2.73 | 1.61 | 1.40 | 2.35 | 2.98 | 1.95 | 1.91 | 2.73 | 1.92 | 1.50 | 2.33 | 1.86 | 1.89 | 3.07 | 2.44 | 2.40 | 2.89 | 4.04 | 3.65 |
| Free Cash Flow* | 9.61 | 21.04 | (59.56) | 30.29 | 46.19 | 5.74 | (24.10) | 24.91 | 3.54 | 9.13 | (18.02) | 3.94 | 17.49 | (10.10) | 18.76 | (29.92) | 4.96 | 12.33 | 12.72 | (1.97) |
| Investing Cash Flow | (2.68) | (2.73) | 130.36 | (1.40) | (2.35) | (2.98) | (1.94) | (1.91) | 3.58 | (8.22) | (1.50) | (2.33) | (1.86) | (1.88) | 4.90 | (2.44) | (2.40) | (2.88) | (4.04) | (3.64) |
| Financing Cash Flow | (14.76) | (17.75) | 90.51 | (44.55) | (1.29) | 2.94 | (11.05) | (23.87) | (2.01) | 2.47 | (2.03) | (3.42) | (38.13) | (2.14) | (0.89) | (1.97) | 0.37 | 1.33 | 1.58 | 4.66 |
* Derived from reported values
