← HARMONIC INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $405.9m |
$358.2m
-11.74%
|
$403.6m
+12.65%
|
$402.9m
-0.17%
|
$378.8m
-5.97%
|
$507.1m
+33.87%
|
$625.0m
+23.23%
|
$607.9m
-2.73%
|
$678.7m
+11.65%
|
$360.5m
-46.88%
|
$397.3m
+10.21%
|
|
| Cost of Revenue | $205.2m |
$188.4m
-8.16%
|
$194.3m
+3.14%
|
$179.9m
-7.45%
|
$183.8m
+2.21%
|
$247.4m
+34.58%
|
$309.1m
+24.92%
|
$295.4m
-4.44%
|
$312.8m
+5.90%
|
$185.8m
-40.61%
|
$205.5m
+10.59%
|
|
| Gross Profit | $200.8m |
$169.8m
-15.41%
|
$209.2m
+23.19%
|
$223.0m
+6.60%
|
$195.0m
-12.56%
|
$259.7m
+33.20%
|
$315.9m
+21.61%
|
$312.5m
-1.06%
|
$365.9m
+17.08%
|
$174.7m
-52.25%
|
$191.9m
+9.81%
|
|
| Research and Development Expense | $98.4m | $96.0m | $89.2m | $84.6m | $82.5m | $102.2m | $120.3m | $126.3m | $121.0m | $76.3m | $77.5m | |
| Selling, General and Administrative Expense | $144.4m | $136.3m | $119.0m | $119.0m | $119.6m | $138.1m | $146.7m | $163.3m | $153.1m | $81.4m | $83.9m | |
| Amortization of Intangible Assets | $14.8m | $8.3m | $3.2m | $3.1m | $4.0m | $507k | $0 | $0 | — | — | — | |
| Restructuring and Related Cost, Incurred Cost | $18.0m | $6.6m | $2.9m | $3.1m | $2.3m | $110k | $3.3m | $809k | — | $1.3m | — | |
| Operating Expenses | $267.8m | $240.7m | $214.2m | $209.9m | $207.4m | $240.9m | $270.4m | $290.4m | $302.8m | $160.7m | $161.4m | |
| Operating Income (Loss) | ($67.0m) |
($70.9m)
-5.73%
|
($5.0m)
+92.93%
|
$13.1m
+361.09%
|
($12.4m)
-195.15%
|
$18.8m
+251.09%
|
$45.5m
+142.01%
|
$22.2m
-51.29%
|
$63.1m
+184.76%
|
$14.1m
-77.70%
|
$30.4m
+116.23%
|
|
| Interest Expense | — | — | — | — | $11.5m | $10.6m | $5.0m | $2.7m | — | — | $3.5m | |
| Interest Expense, Debt | $10.1m | $10.6m | $11.2m | $11.6m | — | — | — | — | — | — | $3.5m | |
| Investment Income, Net | ($10.6m) | ($11.1m) | ($11.4m) | ($11.7m) | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($200k) | ($2.4m) | $1.9m | $290k | ($6.4m) | $5.1m | $2.7m | ($1.5m) | ($315k) | ($847k) | — | |
| Other Nonoperating Income (Expense) | ($31k) | ($2.2m) | ($536k) | ($2.3m) | ($897k) | $687k | $4.0m | ($335k) | $2.1m | ($1.4m) | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $7.3m | $3.8m | $3.5m | |
| Nonoperating Income (Expense) | ($13.4m) | ($13.8m) | ($11.9m) | ($14.0m) | ($12.4m) | ($9.9m) | ($1.0m) | ($3.0m) | ($5.2m) | ($5.2m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($53.8m) | ($50.0m) | ($19.8m) | $1.8m | ($42.9m) | ($5.7m) | $24.7m | ($1.7m) | $37.9m | ($4.8m) | $23.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $67.0m | $70.9m | $5.0m | $13.1m | $12.4m | $8.9m | $44.5m | $19.1m | $57.9m | $8.9m | $23.1m | |
| Income Tax Expense (Benefit) | ($8.1m) | ($1.8m) | $4.1m | ($672k) | $3.1m | ($4.4m) | $16.3m | ($64.9m) | $18.7m | $7.6m | $14.6m | |
| Net Income (Loss) Attributable to Parent | ($72.3m) |
($83.0m)
-14.71%
|
($21.0m)
+74.64%
|
($5.9m)
+71.84%
|
($29.3m)
-394.11%
|
$13.3m
+145.28%
|
$28.2m
+112.63%
|
$84.0m
+198.04%
|
$39.2m
-53.31%
|
($43.3m)
-210.44%
|
($41.9m)
+3.16%
|
|
| Earnings Per Share, Basic | — | — | — | ($0.07) | ($0.30) | $0.13 | $0.27 | $0.75 | $0.34 | ($0.38) | ($0.36) | |
| Earnings Per Share, Diluted | ($0.93) | ($1.02) | ($0.25) | ($0.07) | ($0.30) | $0.12 | $0.25 | $0.72 | $0.33 | ($0.38) | ($0.36) | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | — | — | — | — | $0 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | — | — | — | — | $0 | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | — | 101.5m | 105.1m | 111.7m | 115.1m | 113.7m | 112.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | 106.2m | 112.4m | 117.4m | 117.5m | 114.2m | 112.6m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $5.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $5.0m | — | — | — | — | — | — | $1.2m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $4.3m | $11.5m | ($44.5m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $4.3m | $11.5m | ($44.5m) | — |