Harmonic Financial Statements
NASDAQ: HLITTechnologyRadio And Television Broadcasting And Communications EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Harmonic revenue and earnings
In fiscal 2025, Harmonic generated $360.5 million in revenue, down 26.2% from fiscal 2024, its first annual decline since 2023. Harmonic reported a net loss of $43.3 million, compared with net income of $39.2 million a year earlier. Gross margin was 48.5% (down from 49.2%) and operating margin 3.9%.
Diluted earnings per share came in at -$0.38, down from $0.33. Over the last 5 fiscal years, HLIT's revenue has grown at a -1.0% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
Harmonic income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 360.52M | 488.20M | 388.48M | 624.96M | 507.15M | 378.83M | 402.87M | 403.56M | 358.25M | 405.91M |
| Revenue growth (YoY) | -26.15% | +25.67% | -37.84% | +23.23% | +33.87% | -5.97% | -0.17% | +12.65% | -11.74% | +7.66% |
| Cost of Revenue | 185.78M | 248.09M | 210.36M | 309.07M | 247.41M | 183.83M | 179.86M | 194.35M | 188.43M | 205.16M |
| Gross Profit | 174.75M | 240.11M | 178.12M | 315.88M | 259.74M | 195.00M | 223.01M | 209.21M | 169.82M | 200.75M |
| Operating Expenses | 160.66M | 165.37M | 148.09M | 270.37M | 240.93M | 207.45M | 209.93M | 214.22M | 240.70M | 267.79M |
| Research & Development | 76.33M | 72.57M | 69.71M | 120.31M | 102.23M | 82.49M | 84.61M | 89.16M | 95.98M | 98.40M |
| Selling, General & Admin | 81.38M | 79.17M | 78.27M | 146.72M | 138.09M | 119.61M | 119.03M | 118.95M | 136.27M | 144.38M |
| Operating Income | 14.08M | 74.73M | 30.03M | 45.52M | 18.81M | -12.45M | 13.08M | -5.01M | -70.88M | -67.04M |
| Interest Expense | 3.80M | 6.46M | 2.70M | 5.04M | 10.63M | 11.51M | 11.65M | 11.40M | 10.62M | 10.09M |
| Other Income (Expense) | -5.22M | -3.20M | -2.18M | -1.03M | -9.94M | -12.41M | -13.98M | -11.94M | -13.83M | -13.39M |
| Pretax Income | 8.86M | 71.54M | 27.84M | 44.48M | 8.87M | -26.22M | -6.60M | -16.95M | -84.71M | -80.43M |
| Income Tax | 7.64M | 20.82M | -60.49M | 16.30M | -4.38M | 3.05M | -672.00K | 4.09M | -1.75M | -8.12M |
| Net Income | -43.31M | 39.22M | 83.99M | 28.18M | 13.25M | -29.27M | -5.92M | -21.04M | -82.95M | -72.31M |
| Net Income growth (YoY) | -210.44% | -53.31% | +198.04% | +112.63% | — | — | — | — | — | — |
| EPS (Basic) | -0.38 | 0.34 | 0.75 | 0.27 | 0.13 | -0.30 | -0.07 | -0.25 | -1.02 | -0.93 |
| EPS (Diluted) | -0.38 | 0.33 | 0.72 | 0.25 | 0.12 | -0.30 | -0.07 | -0.25 | -1.02 | -0.93 |
| Shares Outstanding (Basic) | 113.66M | 115.12M | 111.65M | 105.08M | 101.48M | 96.97M | 89.58M | 85.61M | 80.97M | 77.70M |
| Shares Outstanding (Diluted) | 114.18M | 117.48M | 117.36M | 112.38M | 106.17M | 96.97M | 89.58M | 85.61M | 80.97M | 77.70M |
| EBITDA | 25.16M | 86.87M | 42.28M | 57.78M | 31.36M | -712.00K | 24.37M | 7.96M | -56.28M | -48.22M |
| Gross Margin | 48.47% | 49.18% | 45.85% | 50.54% | 51.22% | 51.47% | 55.36% | 51.84% | 47.40% | 49.46% |
| Operating Margin | 3.91% | 15.31% | 7.73% | 7.28% | 3.71% | -3.29% | 3.25% | -124.00% | -19.78% | -16.51% |
| Net Margin | -12.01% | 8.03% | 21.62% | 4.51% | 2.61% | -7.73% | -147.00% | -5.21% | -23.16% | -17.82% |
This table shows 10 annual periods of Harmonic's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow HLIT's reporting calendar. What is a income statement?