Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 142

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 142
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 portion of deferred revenue20,883 24,864 Operating leases3,720 7,421 Other long-term liabilities2,581 2,956 Total liabilities158,327 222,883 Commitments and contingencies (See Note 5)Stockholders’ equity:Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and 2023— — Common stock, $0.025 par value; 100,000 shares authorized; 66,434 shares issued and outstanding as of December 31, 2024, and 65,052 shares issued and outstanding as of December 31, 20231,661 1,627 Additional paid-in capital1,170,017 1,078,393 Accumulated other comprehensive loss(612)(659)Accumulated deficit(390,126)(360,379)Total stockholders’ equity780,940 718,982 $939,267 $941,865 

See accompanying notes to consolidated financial statements.

38

CALIX, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In thousands, except per share data)

 Years Ended December 31,202420232022Revenue$831,518 $1,039,593 $867,827 Cost of revenue377,924 521,277 432,399 Gross profit453,594 518,316 435,428 Operating expenses:Sales and marketing217,879 214,564 174,549 Research and development179,870 177,772 131,994 General and administrative98,879 100,395 76,275 Total operating expenses496,628 492,731 382,818 Operating income (loss)(43,034)25,585 52,610 Interest income and other expense, net:Interest income, net12,343 9,704 2,009 Other expense, net(955)(532)(577)Total interest income and other expense, net11,388 9,172 1,432 Income (loss) before income taxes(31,646)34,757 54,042 Income taxes(1,899)5,432 13,032 Net income (loss)$(29,747)$29,325 $41,010 Net income