Company: CALX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001406666-25-000045
Chunk: 24

Company: CALIX, INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 ex U.S.6,964 6,573 18,313 20,760 Rest of world2,013 1,704 4,475 5,600 $265,437 $200,945 $727,561 $625,394 The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):September 27,2025December 31, 2024United States$29,292 $27,601 China2,575 2,818 India855 734 $32,722 $31,153 Selected Financial Information:The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):Three Months EndedNine Months EndedSeptember 27,2025September 28,2024September 27,2025September 28,2024Revenue$265,437 $200,945 $727,561 $625,394 Adjusted cost of revenue (1)(112,293)(89,524)(313,343)(280,538)Adjusted sales and marketing operating expenses (2)(54,099)(47,671)(158,295)(144,764)Adjusted research and development operating expenses (3)(41,090)(40,684)(119,887)(120,317)Adjusted general and administrative operating expenses (4)(19,551)(16,987)(57,438)(52,857)Other segment items (5)(20,999)(16,975)(66,883)(51,202)Interest income and other expenses, net2,929 3,104 9,056 8,278 Income taxes(4,676)3,824 (10,099)4,183 Net income (loss)$15,658 $(3,968)$10,672 $(11,823)(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.

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Table of Contents

10.  Income Taxes

The following table presents income taxes and the effective tax rates for the periods indicated (in thousands, except percentages): Three Months EndedNine