Calix, Inc. (CALX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 279.98M | 272.45M | 265.44M | 241.88M | 220.24M | 206.12M | 200.94M | 198.14M | 226.31M | 264.73M | 263.83M | 261.02M | 250.01M | 244.5M | 236.33M | 202.04M | 184.95M | 176.42M | 172.23M | 168.67M |
| Revenue Growth % | 27.13% | 32.18% | 32.09% | 22.08% | -2.68% | -22.14% | -23.84% | -24.09% | -9.48% | 8.27% | 11.64% | 29.19% | 35.18% | 38.59% | 37.22% | 19.79% | 14.11% | 3.76% | 14.43% | 41.71% |
| Cost of Goods Sold | 120.69M | 115.15M | 113.43M | 105.59M | 97.53M | 92.76M | 90.9M | 90.54M | 103.73M | 151.49M | 123.29M | 124.55M | 121.96M | 119.62M | 117.76M | 101.86M | 93.16M | 85.19M | 82.74M | 79.05M |
| COGS % of Revenue | 43.11% | 42.26% | 42.73% | 43.65% | 44.28% | 45% | 45.24% | 45.69% | 45.84% | 57.22% | 46.73% | 47.72% | 48.78% | 48.92% | 49.83% | 50.42% | 50.37% | 48.29% | 48.04% | 46.87% |
| Gross Profit | 159.3M | 157.3M | 152.01M | 136.29M | 122.71M | 113.37M | 110.05M | 107.6M | 122.58M | 113.25M | 140.55M | 136.47M | 128.05M | 124.88M | 118.57M | 100.18M | 91.79M | 91.23M | 89.49M | 89.62M |
| Gross Margin % | 56.89% | 57.74% | 57.27% | 56.35% | 55.72% | 55% | 54.76% | 54.31% | 54.16% | 42.78% | 53.27% | 52.28% | 51.22% | 51.08% | 50.17% | 49.58% | 49.63% | 51.71% | 51.96% | 53.13% |
| Gross Profit Growth % | 29.82% | 38.76% | 38.13% | 26.66% | 0.11% | 0.11% | -21.7% | -21.15% | -4.27% | -9.32% | 18.53% | 36.22% | 39.5% | 36.88% | 32.49% | 11.78% | 6.44% | 2.49% | 17.79% | 58.88% |
| Operating Expenses | 146.58M | 148.03M | 134.6M | 135.9M | 128.79M | 132.12M | 120.94M | 118.96M | 124.61M | 125.34M | 124.62M | 124.66M | 118.11M | 111.83M | 98.57M | 90.48M | 81.94M | 76.62M | 71.5M | 69.09M |
| OpEx % of Revenue | 52.35% | 54.33% | 50.71% | 56.19% | 58.48% | 64.1% | 60.19% | 60.04% | 55.06% | 47.34% | 47.23% | 47.76% | 47.24% | 45.74% | 41.71% | 44.78% | 44.3% | 43.43% | 41.52% | 40.96% |
| Selling, General & Admin | 91.93M | 94.49M | 87.55M | 90.12M | 84.81M | 86.26M | 75.48M | 74.84M | 80.19M | 83.04M | 77.66M | 79.32M | 74.94M | 73.28M | 65.37M | 60.05M | 52.12M | 51.46M | 45.77M | 43.37M |
| SG&A % of Revenue | 32.84% | 34.68% | 32.98% | 37.26% | 38.51% | 41.85% | 37.56% | 37.77% | 35.43% | 31.37% | 29.43% | 30.39% | 29.98% | 29.97% | 27.66% | 29.72% | 28.18% | 29.17% | 26.58% | 25.72% |
| Research & Development | 54.65M | 53.53M | 47.05M | 45.79M | 43.98M | 45.86M | 45.47M | 44.12M | 44.42M | 42.3M | 46.96M | 45.34M | 43.17M | 38.55M | 33.2M | 30.43M | 29.82M | 25.94M | 25.73M | 25.72M |
| R&D % of Revenue | 19.52% | 19.65% | 17.73% | 18.93% | 19.97% | 22.25% | 22.63% | 22.27% | 19.63% | 15.98% | 17.8% | 17.37% | 17.27% | 15.77% | 14.05% | 15.06% | 16.12% | 14.7% | 14.94% | 15.25% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -786K | 0 | 0 |
| Operating Income | 12.72M | 9.28M | 17.41M | 391K | -6.08M | -18.75M | -10.9M | -11.36M | -2.03M | -12.09M | 15.93M | 11.81M | 9.94M | 13.05M | 20M | 9.7M | 9.85M | 14.62M | 17.99M | 20.53M |
| Operating Margin % | 4.54% | 3.4% | 6.56% | 0.16% | -2.76% | -9.1% | -5.42% | -5.73% | -0.9% | -4.57% | 6.04% | 4.52% | 3.97% | 5.34% | 8.46% | 4.8% | 5.33% | 8.28% | 10.45% | 12.17% |
| Operating Income Growth % | 309.11% | 149.47% | 259.74% | 103.44% | -199.26% | -55.07% | -168.4% | -196.15% | -120.45% | -192.64% | -20.37% | 21.75% | 0.84% | -10.71% | 11.19% | -52.74% | -52.63% | -41% | -17.28% | 715.01% |
| EBITDA | 17.09M | 13.4M | 22.1M | 4.73M | -1.81M | -14.01M | -6.08M | -6.24M | 2.83M | -7.64M | 20.2M | 16M | 13.66M | 16.53M | 23.17M | 13.43M | 13.8M | 18.28M | 21.61M | 24.19M |
| EBITDA Margin % | 6.1% | 4.92% | 8.33% | 1.96% | -0.82% | -6.79% | -3.03% | -3.15% | 1.25% | -2.89% | 7.65% | 6.13% | 5.46% | 6.76% | 9.8% | 6.65% | 7.46% | 10.36% | 12.54% | 14.34% |
| EBITDA Growth % | 1044.31% | 195.66% | 463.58% | 175.91% | -163.84% | -83.29% | -130.1% | -138.96% | -79.24% | -146.23% | -12.84% | 19.17% | -0.99% | -9.56% | 7.25% | -44.48% | -44.55% | -35.14% | -13.77% | 19407.26% |
| D&A (Non-Cash Add-back) | 4.38M | 0 | 4.7M | 4.34M | 4.27M | 4.75M | 4.82M | 5.12M | 4.87M | 4.45M | 4.27M | 4.19M | 3.72M | 3.48M | 3.17M | 3.73M | 3.94M | 3.66M | 3.61M | 3.66M |
| EBIT | 12.72M | 13.4M | 20.33M | 391K | -6.08M | -18.75M | -10.9M | -11.36M | -2.03M | -12.09M | 15.93M | 11.81M | 9.94M | 13.05M | 20M | 9.7M | 9.85M | 13.85M | 17.99M | 20.53M |
| Net Interest Income | 2.86M | 3.92M | 3.26M | 2.96M | 3.29M | 3.47M | 3.28M | 2.96M | 2.63M | 3.15M | 2.66M | 2.25M | 1.64M | 1.14M | 595K | 240K | 35K | -72K | -86K | -119K |
| Interest Income | 2.86M | 3.92M | 3.26M | 2.96M | 3.29M | 3.47M | 3.28M | 2.96M | 2.63M | 3.15M | 2.66M | 2.25M | 1.64M | 1.14M | 595K | 240K | 35K | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72K | 86K | 119K |
| Other Income/Expense | 2.52M | 4.12M | 2.93M | 3.04M | 3.09M | 3.11M | 3.1M | 2.67M | 2.5M | 3.07M | 2.21M | 2.42M | 1.47M | 1.04M | 461K | -32K | -33K | -834K | -549K | 136K |
| Pretax Income | 15.23M | 13.4M | 20.33M | 3.43M | -2.99M | -15.64M | -7.79M | -8.68M | 468K | -9.02M | 18.14M | 14.23M | 11.41M | 14.09M | 20.47M | 9.67M | 9.82M | 13.78M | 17.44M | 20.66M |
| Pretax Margin % | 5.44% | 4.92% | 7.66% | 1.42% | -1.36% | -7.59% | -3.88% | -4.38% | 0.21% | -3.41% | 6.88% | 5.45% | 4.56% | 5.76% | 8.66% | 4.79% | 5.31% | 7.81% | 10.13% | 12.25% |
| Income Tax | 4.02M | 6.18M | 4.68M | 3.63M | 1.8M | 2.28M | -3.82M | -724K | 365K | -2.42M | 1.19M | 4.86M | 1.81M | 2.16M | 7.02M | 2.15M | 1.7M | -6.1M | -159.98M | 207K |
| Effective Tax Rate % | 26.4% | 46.17% | 23% | 105.81% | -60.1% | -14.6% | 49.08% | 8.34% | 77.99% | 26.87% | 6.56% | 34.13% | 15.87% | 15.33% | 34.32% | 22.22% | 17.32% | -44.25% | -917.22% | 1% |
| Net Income | 11.21M | 7.21M | 15.66M | -199K | -4.79M | -17.92M | -3.97M | -7.96M | 103K | -6.6M | 16.95M | 9.37M | 9.6M | 11.93M | 13.44M | 7.52M | 8.12M | 19.88M | 177.42M | 20.46M |
| Net Margin % | 4% | 2.65% | 5.9% | -0.08% | -2.17% | -8.7% | -1.97% | -4.02% | 0.05% | -2.49% | 6.43% | 3.59% | 3.84% | 4.88% | 5.69% | 3.72% | 4.39% | 11.27% | 103.02% | 12.13% |
| Net Income Growth % | 334.18% | 140.24% | 494.61% | 97.5% | -4747.57% | -171.62% | -123.41% | -184.9% | -98.93% | -155.33% | 26.11% | 24.62% | 18.22% | -40.01% | -92.42% | -63.24% | -60.62% | -17.51% | 763.88% | 585.71% |
| Net Income (Continuing) | 11.21M | 7.21M | 15.66M | -199K | -4.79M | -17.92M | -3.97M | -7.96M | 103K | -6.6M | 16.95M | 9.37M | 9.6M | 11.93M | 13.44M | 7.52M | 8.12M | 19.88M | 177.42M | 20.46M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.17 | 0.10 | 0.24 | -0.00 | -0.07 | -0.27 | -0.06 | -0.12 | 0.00 | -0.06 | 0.24 | 0.13 | 0.14 | 0.17 | 0.19 | 0.11 | 0.12 | 0.29 | 2.61 | 0.30 |
| EPS Growth % | 334.48% | 137.04% | 499.33% | 97.42% | - | -325.87% | -125.04% | -192.31% | -98.93% | -137.29% | 26.32% | 18.18% | 16.67% | -41.38% | -92.72% | -63.33% | -61.29% | -21.62% | 715.63% | 507.61% |
| EPS (Basic) | 0.17 | 0.11 | 0.24 | -0.00 | -0.07 | -0.27 | -0.06 | -0.12 | 0.00 | -0.06 | 0.26 | 0.14 | 0.15 | 0.18 | 0.19 | 0.12 | 0.12 | 0.31 | 2.79 | 0.32 |
| Diluted Shares Outstanding | 65.59M | 70.43M | 64.53M | 64.53M | 66.03M | 65.88M | 66.08M | 65.68M | 68.12M | 65.32M | 69.58M | 69.66M | 69.71M | 69.86M | 69.17M | 68.17M | 68.41M | 68.75M | 67.91M | 67.63M |
| Basic Shares Outstanding | 65.59M | 66.81M | 64.53M | 64.53M | 66.03M | 65.88M | 66.08M | 65.68M | 65.34M | 65.32M | 66.29M | 66.27M | 66.04M | 65.56M | 69.17M | 64.84M | 67.66M | 63.95M | 63.59M | 63.04M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |