Harmonic Inc. (HLIT) 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 | 121.69M | 98.23M | 142.38M | 138.03M | 133.13M | 222.17M | 195.76M | 138.74M | 122.06M | 167.09M | 127.2M | 155.96M | 157.65M | 164.33M | 155.74M | 157.45M | 147.44M | 155.8M | 126.32M | 113.45M |
| Revenue Growth % | -8.59% | -55.78% | -27.27% | -0.51% | 9.07% | 32.96% | 53.89% | -11.04% | -22.57% | 1.68% | -18.32% | -0.94% | 6.92% | 5.47% | 23.29% | 38.78% | 32.14% | 18.46% | 33.12% | 53.32% |
| Cost of Goods Sold | 58.08M | 54.65M | 68.08M | 66.91M | 57.28M | 97.52M | 91.02M | 65.28M | 58.98M | 85.22M | 65.52M | 71.02M | 73.59M | 78.64M | 77.13M | 75.05M | 78.26M | 77.87M | 60.17M | 52.94M |
| COGS % of Revenue | 47.73% | 55.63% | 47.81% | 48.47% | 43.02% | 43.89% | 46.5% | 47.05% | 48.32% | 51% | 51.51% | 45.54% | 46.68% | 47.85% | 49.53% | 47.66% | 53.08% | 49.98% | 47.63% | 46.67% |
| Gross Profit | 63.62M | 43.58M | 74.31M | 71.12M | 75.85M | 124.65M | 104.73M | 73.46M | 63.08M | 81.87M | 61.68M | 84.94M | 84.05M | 85.7M | 78.6M | 82.4M | 69.18M | 77.94M | 66.15M | 60.51M |
| Gross Margin % | 52.27% | 44.37% | 52.19% | 51.53% | 56.98% | 56.11% | 53.5% | 52.95% | 51.68% | 49% | 48.49% | 54.46% | 53.32% | 52.15% | 50.47% | 52.34% | 46.92% | 50.02% | 52.37% | 53.33% |
| Gross Profit Growth % | -16.13% | -65.04% | -29.05% | -3.18% | 20.25% | 52.26% | 69.79% | -13.52% | -24.95% | -4.47% | -21.53% | 3.08% | 21.5% | 9.96% | 18.82% | 36.19% | 25.45% | 8.91% | 35.22% | 60.18% |
| Operating Expenses | 43.17M | 39.81M | 63.4M | 64.96M | 65.73M | 71.78M | 69.31M | 89.09M | 72.61M | 72.23M | 70.29M | 74.98M | 72.87M | 69.22M | 67.18M | 67.32M | 66.65M | 62.79M | 60.78M | 58.37M |
| OpEx % of Revenue | 35.47% | 40.53% | 44.53% | 47.07% | 49.37% | 32.31% | 35.41% | 64.21% | 59.48% | 43.23% | 55.26% | 48.07% | 46.23% | 42.12% | 43.14% | 42.76% | 45.2% | 40.3% | 48.12% | 51.45% |
| Selling, General & Admin | 22.29M | 22.75M | 36.52M | 38.19M | 37.1M | 38.59M | 35.85M | 39.82M | 38.87M | 41.98M | 39.24M | 42.77M | 39.28M | 36.93M | 36.38M | 36.77M | 36.64M | 35.36M | 34.23M | 33.59M |
| SG&A % of Revenue | 18.31% | 23.16% | 25.65% | 27.67% | 27.86% | 17.37% | 18.31% | 28.7% | 31.84% | 25.13% | 30.85% | 27.43% | 24.92% | 22.47% | 23.36% | 23.35% | 24.85% | 22.69% | 27.1% | 29.6% |
| Research & Development | 20.88M | 17.06M | 26.88M | 26.77M | 28.63M | 31.41M | 30.07M | 28.78M | 30.7M | 30.25M | 30.32M | 32.2M | 33.51M | 31.09M | 30.47M | 29.92M | 28.83M | 27.37M | 26.55M | 24.78M |
| R&D % of Revenue | 17.16% | 17.37% | 18.88% | 19.39% | 21.5% | 14.14% | 15.36% | 20.75% | 25.16% | 18.11% | 23.83% | 20.65% | 21.26% | 18.92% | 19.56% | 19% | 19.56% | 17.57% | 21.02% | 21.85% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 726K | 0 | 83K | 1000K | 335K | 631K | 1000K | 67K | 0 | 0 |
| Operating Income | 20.45M | 3.77M | 10.91M | 6.16M | 10.13M | 52.87M | 35.42M | -15.63M | -9.53M | 9.63M | -8.6M | 9.96M | 11.18M | 16.48M | 11.42M | 15.08M | 2.54M | 15.15M | 5.37M | 2.14M |
| Operating Margin % | 16.8% | 3.84% | 7.66% | 4.46% | 7.61% | 23.8% | 18.1% | -11.27% | -7.8% | 5.77% | -6.76% | 6.39% | 7.09% | 10.03% | 7.34% | 9.58% | 1.72% | 9.72% | 4.25% | 1.88% |
| Operating Income Growth % | 101.93% | -92.87% | -69.21% | 139.39% | 206.31% | 448.82% | 511.76% | -256.9% | -185.21% | -41.54% | -175.31% | -33.95% | 340.85% | 8.79% | 112.7% | 606.09% | 165.97% | -9.71% | 431.34% | 122.36% |
| EBITDA | 22.97M | 6.37M | 13.73M | 8.83M | 12.85M | 55.84M | 38.28M | -12.4M | -6.44M | 12.71M | -5.51M | 13.02M | 14.21M | 19.51M | 14.52M | 18.1M | 5.65M | 18.3M | 8.6M | 5.24M |
| EBITDA Margin % | 18.88% | 6.48% | 9.64% | 6.4% | 9.65% | 25.13% | 19.56% | -8.94% | -5.28% | 7.61% | -4.33% | 8.35% | 9.01% | 11.87% | 9.32% | 11.5% | 3.83% | 11.74% | 6.81% | 4.62% |
| EBITDA Growth % | 78.81% | -88.6% | -64.14% | 171.18% | 299.46% | 339.31% | 794.31% | -195.26% | -145.33% | -34.86% | -137.97% | -28.06% | 151.64% | 6.64% | 68.81% | 245.2% | 2116.79% | -11.11% | 277.45% | 186.59% |
| D&A (Non-Cash Add-back) | 2.52M | 2.6M | 2.82M | 2.67M | 2.72M | 2.97M | 2.86M | 3.23M | 3.08M | 3.08M | 3.09M | 3.06M | 3.03M | 3.04M | 3.1M | 3.02M | 3.11M | 3.15M | 3.23M | 3.11M |
| EBIT | 20.45M | 3.77M | 10.91M | 6.16M | 10.13M | 58.59M | 31.49M | -15.01M | -9.81M | 9.38M | -8.26M | 9.83M | 10.89M | 16.27M | 11.31M | 19.36M | 2.6M | 15.17M | 5.16M | 1.99M |
| Net Interest Income | -1.08M | -397K | -1.18M | -1.25M | -1.47M | -2.49M | -2.69M | -1.42M | -723K | -571K | -619K | -800K | -706K | -929K | -1.28M | -1.39M | -1.43M | -2.71M | -2.69M | -2.63M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.08M | 397K | 1.18M | 1.25M | 1.47M | 2.49M | 2.69M | 1.42M | 723K | 571K | 619K | 800K | 706K | 929K | 1.28M | 1.39M | 1.43M | 2.71M | 2.69M | 2.63M |
| Other Income/Expense | -1.12M | -444K | -2.16M | -3.18M | -1.65M | 3.23M | -6.62M | -805K | -1.01M | -820K | -276K | -936K | -999K | -1.14M | -1.4M | 2.88M | -1.37M | -2.68M | -2.9M | -2.78M |
| Pretax Income | 19.33M | 3.32M | 8.75M | 2.98M | 8.48M | 56.1M | 28.81M | -16.43M | -10.54M | 8.81M | -8.88M | 9.03M | 10.18M | 15.34M | 10.02M | 17.96M | 1.17M | 12.47M | 2.47M | -641K |
| Pretax Margin % | 15.88% | 3.38% | 6.14% | 2.16% | 6.37% | 25.25% | 14.72% | -11.85% | -8.63% | 5.27% | -6.98% | 5.79% | 6.46% | 9.33% | 6.44% | 11.41% | 0.79% | 8% | 1.96% | -0.56% |
| Income Tax | 8.1M | 3.1M | 6.05M | 105K | 2.54M | 17.98M | 7.09M | -3.9M | -2.45M | -75.03M | -2.38M | 7.47M | 5.09M | 9.21M | 1.28M | 3.12M | 2.69M | -7.39M | 942K | 1.37M |
| Effective Tax Rate % | 41.92% | 93.41% | 69.2% | 3.53% | 29.96% | 32.05% | 24.61% | 23.75% | 23.24% | -851.33% | 26.85% | 82.77% | 49.98% | 60.02% | 12.79% | 17.38% | 231.24% | -59.26% | 38.11% | -213.42% |
| Net Income | 7.31M | -54.81M | 2.69M | 2.87M | 5.94M | 38.12M | 21.72M | -12.53M | -8.09M | 83.84M | -6.5M | 1.55M | 5.09M | 6.13M | 8.74M | 14.84M | -1.53M | 19.86M | 1.53M | -2.01M |
| Net Margin % | 6.01% | -55.8% | 1.89% | 2.08% | 4.46% | 17.16% | 11.09% | -9.03% | -6.63% | 50.18% | -5.11% | 1% | 3.23% | 3.73% | 5.61% | 9.43% | -1.04% | 12.74% | 1.21% | -1.77% |
| Net Income Growth % | 23.05% | -243.8% | -87.6% | 122.91% | 173.43% | -54.53% | 434.38% | -905.92% | -258.83% | 1267.49% | -174.31% | -89.52% | 433.09% | -69.12% | 471.24% | 838.68% | 75.03% | 47.47% | 128.43% | 86.96% |
| Net Income (Continuing) | 11.22M | 219K | 2.69M | 2.87M | 5.94M | 38.12M | 21.72M | -12.53M | -8.09M | 83.84M | -6.5M | 1.55M | 5.09M | 6.13M | 8.74M | 14.84M | -1.53M | 19.86M | 1.53M | -2.01M |
| Discontinued Operations | -1000K | -1000K | 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) | 0.07 | -0.48 | 0.02 | 0.03 | 0.05 | 0.32 | 0.19 | -0.11 | -0.07 | 0.72 | -0.06 | 0.01 | 0.04 | 0.05 | 0.08 | 0.14 | -0.01 | 0.18 | 0.01 | -0.02 |
| EPS Growth % | 40% | -250% | -87.47% | 127.27% | 171.43% | -55.56% | 416.67% | -1200% | -275% | 1340% | -175% | -92.86% | 500% | -72.22% | 700% | 800% | 83.33% | 38.46% | 116.67% | 87.5% |
| EPS (Basic) | 0.07 | -0.49 | 0.02 | 0.03 | 0.05 | 0.33 | 0.19 | -0.11 | -0.07 | 0.75 | -0.06 | 0.01 | 0.05 | 0.06 | 0.08 | 0.14 | -0.01 | 0.19 | 0.01 | -0.02 |
| Diluted Shares Outstanding | 110.62M | 113M | 113.32M | 113.49M | 117.02M | 117.7M | 117.36M | 115.03M | 112.35M | 115.69M | 112.03M | 119.25M | 117.76M | 117.3M | 113.19M | 108.98M | 103.99M | 110.47M | 106.42M | 101.22M |
| Basic Shares Outstanding | 109.71M | 112.09M | 134.7M | 113.39M | 116.32M | 116.62M | 116.4M | 115.03M | 112.35M | 112.29M | 112.03M | 111.46M | 110.79M | 106.99M | 105.23M | 104.63M | 103.99M | 102.77M | 102.1M | 101.22M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |