Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 18

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
 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 EndedMarch 29, 2025March 30, 2024United States$211,179 $210,089 Americas ex U.S.5,468 7,136 Europe2,528 6,860 Rest of world1,067 2,225 $220,242 $226,310 The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):March 29,2025December 31, 2024United States$27,180 $27,601 China2,918 2,818 India734 734 $30,832 $31,153 

15

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 EndedMarch 29,2025March 30,2024Revenue$220,242 $226,310 Adjusted cost of revenue (1)(96,456)(102,141)Adjusted sales and marketing operating expenses (2)(51,590)(49,047)Adjusted research and development operating expenses (3)(38,899)(39,907)Adjusted general and administrative operating expenses (4)(19,335)(19,435)Other segment items (5)(20,043)(17,812)Interest income and other expenses, net3,091 2,500 Income taxes(1,797)(365)Net income (loss)$(4,787)$103 (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.

10.  Income Taxes

The following table presents income taxes and the effective tax rates for the periods indicated (in thousands, except percentages): Three Months EndedMarch 29,2025March 30,2024Income (loss) before income taxes$(2,990)$468 Income taxes$1,797 $365 Effective tax rate(60.1)%