Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 54

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 8
Chunk 54
---
 as revenue in future periods but exclude variable consideration where the monthly invoicing is based on usage or where actual usage exceeds the minimum commitment. RPOs 

15

Table of Contents

were $346.6 million as of June 28, 2025, and the Company expects to recognize as revenue 39% of this amount over the next 12 months and nearly all of the remainder over the two years thereafter.Contract CostsThe Company capitalizes certain sales commissions related primarily to multi-year subscriptions and extended warranty support for which the expected amortization period is greater than one year. As of June 28, 2025 and December 31, 2024, the unamortized balance of deferred commissions was $17.1 million and $17.9 million, respectively. For the three and six months ended June 28, 2025 the amount of amortization was $2.7 million and $5.3 million, respectively, compared to $2.1 million and $4.2 million for the three and six months ended June 29, 2024, respectively. There was no impairment loss in relation to the costs capitalized for these periods.Concentration of Customer RiskNo customer accounted for more than 10% of the Company’s revenue for the three and six months ended June 28, 2025 and June 29, 2024. One customer represented 10% of the Company’s total receivables as of June 28, 2025 and another customer represented 21% of the Company’s total receivables as of December 31, 2024.

9. Segment Information 

The Company develops, markets and sells an appliance-based broadband platform, cloud and managed services. There are no segment managers who are held accountable for operations, operating results and plans for levels or components below the Company unit level. Accordingly, the Company is a single reporting segment and operating unit structure. The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information presented on a Company-wide basis, for purposes of allocating resources and evaluating financial performance. The CODM assesses the performance of the single segment and allocates resources based on revenue and measures derived from gross margin and operating loss that is reported in the Condensed Consolidated Statements of Comprehensive Loss. In addition, the CODM uses a measure derived from operating expenses in the Condensed Consolidated Statements of Comprehensive Loss to monitor budget versus actual results to determine the Company’s