Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 14

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 are unobservable. The fair value hierarchy also requires the Company to maximize the use of observable inputs, when available, and to minimize the use of unobservable inputs when determining inputs and determining fair value.The following tables sets forth the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands): As of June 28, 2025Level 1Level 2TotalMoney market funds$23,457 $— $23,457 U.S. government securities59,663 — 59,663 Corporate debt securities— 123,467 123,467 Commercial paper— 41,887 41,887 U.S. government agency securities— 13,890 13,890 Certificates of deposit— 3,857 3,857 $83,120 $183,101 $266,221 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 

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Table of Contents

5.  Balance Sheet Details

Accounts receivable, net consisted of the following (in thousands):June 28,2025December 31,2024Accounts receivable$63,381 $79,632 Allowance for doubtful accounts(305)(311)$63,076 $79,321 Inventory consisted of the following (in thousands):June 28,2025December 31,2024Components$6,171 $21,735 Finished goods104,351 80,992 $110,522 $102,727 Prepaid expenses and other current assets consisted of the following (in thousands):June 28,2025December 31,2024Supplier deposits    $43,480 $62,620 Prepaid expenses and other current assets46,268 42,976 $89,748 $105,596 Property and equipment, net consisted of the following (in thousands):June 28,2025December 31