Company: CALX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001406666-25-000045
Chunk: 47

Company: CALIX, INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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 doubtful accounts(319)(311)$87,465 $79,321 Inventory consisted of the following (in thousands):September 27,2025December 31,2024Components$2,511 $21,735 Finished goods105,470 80,992 $107,981 $102,727 

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Table of Contents

Prepaid expenses and other current assets consisted of the following (in thousands):September 27,2025December 31,2024Supplier deposits    $24,342 $62,620 Prepaid expenses and other current assets56,106 42,976 $80,448 $105,596 Property and equipment, net consisted of the following (in thousands):September 27,2025December 31,2024Test equipment$64,080 $57,595 Computer equipment13,096 14,561 Software11,069 11,146 Leasehold improvements2,691 2,173 Furniture and fixtures2,106 1,268 Total93,042 86,743 Accumulated depreciation and amortization(60,320)(55,590)$32,722 $31,153 Accrued liabilities consisted of the following (in thousands):September 27,2025December 31,2024Compensation and related benefits$30,410 $36,004 Component inventory held by suppliers9,351 8,855 Taxes payable8,750 5,048 Professional and consulting fees5,625 5,385 Current portion of warranty3,368 5,288 Travel and event expenses3,270 518 Customer advances or rebates3,090 4,882 Operating leases2,046 4,303 Insurance1,783 2,019 Operations1,263 1,735 Product returns1,202 2,428 Freight924 1,640 Other7,429 6,062 $78,511 $84,167 Changes in the Company’s accrued warranty liability were as follows (in thousands): Three Months EndedNine Months EndedSeptember 27,2025September 28,2024September 27,2025September 28,2024Balance at beginning of period$4,893 $7,371 $7,287 $8,029 Accruals for product warranty998 1,