Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 6

Company: CALIX, INC
Filing Date: 2025-07-22
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) 

June 28,2025December 31,2024 (Unaudited) (See Note 1)ASSETSCurrent assets:Cash and cash equivalents$76,538 $43,162 Marketable securities222,430 253,929 Accounts receivable, net63,076 79,321 Inventory110,522 102,727 Prepaid expenses and other current assets89,748 105,596 Total current assets562,314 584,735 Property and equipment, net32,415 31,153 Right-of-use operating leases4,736 6,216 Deferred tax assets178,817 177,601 Goodwill116,175 116,175 Other assets26,949 23,387 $921,406 $939,267 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$23,746 $20,226 Accrued liabilities74,122 84,167 Deferred revenue25,774 26,750 Total current liabilities123,642 131,143 Long-term portion of deferred revenue20,111 20,883 Operating leases2,953 3,720 Other long-term liabilities2,028 2,581 Total liabilities148,734 158,327 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 June 28, 2025 and December 31, 2024— — Common stock, $0.025 par value; 100,000 shares authorized; 65,294 shares issued and outstanding as of June 28, 2025, and 66,434 shares issued and outstanding as of December 31, 20241,633 1,661 Additional paid-in capital1,166,266 1,170,017 Accumulated other comprehensive loss(115)(612)Accumulated deficit(395,112)(390,126)Total stockholders’ equity772,672 780,940 $921,406 $939,267 

See accompanying notes to condensed consolidated financial statements.

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CALIX, INC.