Company: CALX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001406666-25-000045
Chunk: 6

Company: CALIX, INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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ITEM 1.Financial Statements 

CALIX, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value) 

September 27,2025December 31,2024 (Unaudited) (See Note 1)ASSETSCurrent assets:Cash and cash equivalents$95,012 $43,162 Marketable securities244,611 253,929 Accounts receivable, net87,465 79,321 Inventory107,981 102,727 Prepaid expenses and other current assets80,448 105,596 Total current assets615,517 584,735 Property and equipment, net32,722 31,153 Right-of-use operating leases10,822 6,216 Deferred tax assets168,712 177,601 Goodwill116,175 116,175 Other assets32,421 23,387 $976,369 $939,267 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$20,138 $20,226 Accrued liabilities78,511 84,167 Deferred revenue23,992 26,750 Total current liabilities122,641 131,143 Long-term portion of deferred revenue19,939 20,883 Operating leases9,271 3,720 Other long-term liabilities2,012 2,581 Total liabilities153,863 158,327 Commitments and contingencies (See Note 6)Stockholders’ equity:Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of September 27, 2025 and December 31, 2024— — Common stock, $0.025 par value; 100,000 shares authorized; 66,250 shares issued and outstanding as of September 27, 2025, and 66,434 shares issued and outstanding as of December 31, 20241,657 1,661 Additional paid-in capital1,200,506 1,170,017 Accumulated other comprehensive loss(203)(612)Accumulated deficit(379,454)(390,126)Total stockholders’ equity822,506 780,940 $976,369 $939,267 

See accompanying notes to condensed consolidated financial statements.

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CALIX, INC.