Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 10

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 49,036 Corporate debt securities— 126,497 126,497 Commercial paper— 49,615 49,615 U.S. government agency securities— 19,875 19,875 Certificates of deposit— 12,623 12,623 $57,973 $208,610 $266,583 As of December 31, 2024Level 1Level 2TotalMoney market funds$4,890 $— $4,890 U.S. government securities74,132 — 74,132 Corporate debt securities— 123,701 123,701 Commercial paper— 32,773 32,773 U.S. government agency securities— 24,411 24,411 Certificates of deposit— 16,520 16,520 $79,022 $197,405 $276,427 

5.  Balance Sheet Details

Accounts receivable, net consisted of the following (in thousands):March 29,2025December 31,2024Accounts receivable$75,943 $79,632 Allowance for doubtful accounts(432)(311)$75,511 $79,321 

10

Table of Contents

Inventory consisted of the following (in thousands):March 29,2025December 31,2024Components$11,327 $21,735 Finished goods89,508 80,992 $100,835 $102,727 Prepaid expenses and other current assets consisted of the following (in thousands):March 29,2025December 31,2024Supplier deposits    $58,451 $62,620 Prepaid expenses and other current assets44,893 42,976 $103,344 $105,596 Property and equipment, net consisted of the following (in thousands):March 29,2025December 31,2024Test equipment$59,697 $57,595 Computer equipment14,999 14,561 Software11,149 11,146 Leasehold improvements2,125 2,173 Furniture and fixtures1,273 1,268 Total89,243 86,743 Accumulated depreciation and amortization(58,411)(55,590)$30,832 $31,153 Accrued liabilities consisted of the following (in thousands):March 29,2025