Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 24

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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,052 11,349 14,187 Rest of world1,397 1,670 2,463 3,895 $241,882 $198,139 $462,124 $424,449 The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):June 28,2025December 31, 2024United States$28,965 $27,601 China2,724 2,818 India726 734 $32,415 $31,153 

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Table of Contents

Selected Financial Information:The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):Three Months EndedSix Months EndedJune 28,2025June 29,2024June 28,2025June 29,2024Revenue$241,882 $198,139 $462,124 $424,449 Adjusted cost of revenue (1)(104,595)(88,873)(201,051)(191,014)Adjusted sales and marketing operating expenses (2)(52,606)(48,047)(104,196)(97,094)Adjusted research and development operating expenses (3)(39,897)(39,725)(78,796)(79,632)Adjusted general and administrative operating expenses (4)(18,552)(16,436)(37,888)(35,870)Other segment items (5)(25,841)(16,414)(45,883)(34,227)Interest income and other expenses, net3,036 2,674 6,127 5,174 Income taxes(3,626)724 (5,423)359 Net income (loss)$(199)$(7,958)$(4,986)$(7,855)(1) GAAP cost of revenue adjusted for stock-based compensation and intangible asset amortization.(2) GAAP sales and marketing operating expenses adjusted for stock-based compensation.(3) GAAP research and development operating expenses adjusted for stock-based compensation.(4) GAAP general and administrative operating expenses adjusted for stock-based compensation.(5) Other segment items consisted of stock-based compensation expense and intangible asset amortization.

10.  Income Taxes

The following table presents income taxes and the effective tax rates for the periods indicated (in thousands, except percentages): Three Months EndedSix Months EndedJune 28,2025June 29,