Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 55

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 and management’s performance. The Company does not have intra-entity sales or transfers. The measure of the single segment assets is the consolidated assets in the Condensed Consolidated Balance Sheet. The accounting policies of the single segment are the same as described in the significant accounting policies.Geographic Information:A summary of revenue disaggregated by geographic region based upon the location of the customers was as follows (in thousands):Three Months EndedSix Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024United States$219,039 $182,705 $430,218 $392,795 Europe15,565 6,712 18,094 13,572 Americas ex U.S.5,881 7,052 11,349 14,187 Rest of world1,397 1,670 2,463 3,895 $241,882 $198,139 $462,124 $424,449 The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):June 28,2025December 31, 2024United States$28,965 $27,601 China2,724 2,818 India726 734 $32,415 $31,153 

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Table of Contents

Selected Financial Information:The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):Three Months EndedSix Months EndedJune 28,2025June 29,2024June 28,2025June 29,2024Revenue$241,882 $198,139 $462,124 $424,449 Adjusted cost of revenue (1)(104,595)(88,873)(201,051)(191,014)Adjusted sales and marketing operating expenses (2)(52,606)(48,047)(104,196)(97,094)Adjusted research and development operating expenses (3)(39,897)(39,725)(78,796)(79,632)Adjusted general and administrative operating expenses (4)(18,552)(16,436)(37,888)(35,870)Other segment items (5)(25,841)(16,414)(45,883)(34,227)Interest income and other expenses, net3,036 2,674 6,127 5,174 Income taxes(