HARMONIC INC. financials

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HLIT CIK 0000851310

Source: EDGAR filings · Built 2026-06-02T03:13:24Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 96.89M 52.73M -1.42M -3.77M 28.04M 6.96M
EBITDA 25.16M 86.87M 42.28M 57.78M 31.86M 3.26M
Working Capital 296.42M 372.86M 58.34M 23.23M 98.67M 90.74M
Net Debt 9.08M 33.22M 76.70M 60.62M 44.45M 71.00M
Gross Margin 48.47% 49.18% 45.85% 50.54% 51.22% 51.47%
Operating Margin 3.91% 15.31% 7.73% 7.28% 3.71% -3.29%
Net Margin -12.01% 8.03% 21.62% 4.51% 2.61% -7.73%
Return on Equity (ROE) -11.30% 8.43% 19.23% 8.68% 4.48% -11.33%
Return on Assets (ROA) -6.03% 4.92% 10.93% 3.97% 1.91% -4.95%
Current Ratio 2.50× 2.94× 1.21× 1.07× 1.44× 1.62×
Debt-to-Equity 0.35× 0.29× 0.37× 0.46× 0.60× 0.66×
Effective Tax Rate 86.28% 29.10% -217.25% 36.65% -49.41% -11.65%
Cash Conversion Ratio -2.49× 1.58× 0.08× 0.19× 3.09× -1.34×
Accruals Ratio -0.21× -0.03× 0.10× 0.03× -0.04× -0.12×
SBC % of Revenue 8.84% 5.75% 7.03% 4.03% 4.74% 4.76%
CapEx Coverage 9.74× 6.74× 0.83× 0.59× 3.16× 1.22×
Free Cash Flow Per Share $0.85 $0.45 $-0.01 $-0.03 $0.26 $0.07

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) — 40.09× 18.11× 52.40× 98.00× —
P/FCF 11.66× 29.48× — — 44.53× 102.92×
FCF Yield 8.58% 3.39% — — 2.25% 0.97%
EV / EBITDA 44.06× 18.16× 36.48× 25.96× 39.40× 244.55×
P/S 3.05× 3.16× 3.77× 2.30× 2.39× 1.92×
P/B 2.87× 3.32× 3.36× 4.44× 4.09× 2.81×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 360.52M 488.20M 388.48M 624.96M 507.15M 378.83M
Cost of Goods and Services Sold 185.78M 248.09M 210.36M 309.07M 247.41M 183.83M
Gross Profit 174.75M 240.11M 178.12M 315.88M 259.74M 195.00M
Research and Development Expense 76.33M 72.57M 69.71M 120.31M 102.23M 82.49M
Selling, General and Administrative Expense 81.38M 79.17M 78.27M 146.72M 138.09M 119.61M
Operating Expenses 160.66M 165.37M 148.09M 270.37M 240.93M 207.45M
Operating Income (Loss) 14.08M 74.73M 30.03M 45.52M 18.81M -12.45M
Income Tax Expense (Benefit) 7.64M 20.82M -60.49M 16.30M -4.38M 3.05M
Net Income (Loss) Attributable to Parent -43.31M 39.22M 83.99M 28.18M 13.25M -29.27M
Earnings Per Share, Basic $-0.38 $0.34 $0.75 $0.27 $0.13 $-0.30
Weighted Average Number of Shares Outstanding, Basic 113.66M 115.12M 111.65M 105.08M 101.48M 96.97M
Earnings Per Share, Diluted $-0.38 $0.33 $0.72 $0.25 $0.12 $-0.30
Weighted Average Number of Shares Outstanding, Diluted 114.18M 117.48M 117.36M 112.38M 106.17M 96.97M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 124.11M 101.46M 84.27M 89.59M 133.43M 98.64M
Assets, Current 494.37M 565.14M 330.73M 345.30M 323.13M 238.03M
Assets 718.48M 796.51M 768.21M 710.02M 693.69M 591.52M
Long-term Debt 112.08M 114.28M 0 15.92M 17.98M 21.84M
Liabilities, Current 197.95M 192.28M 272.39M 322.07M 224.46M 147.29M
Long-term Debt, Excluding Current Maturities 109.14M 112.08M 0 — — —
Liabilities 335.24M 331.25M 331.33M 385.51M 396.89M 333.22M
Stockholders' Equity Attributable to Parent 383.25M 465.26M 436.87M 324.51M 295.91M 258.30M
Common Stock, Shares, Outstanding 111.19M 116.73M 112.41M 109.87M 102.96M 98.20M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 107.97M 61.92M 7.06M 5.48M 41.02M 39.16M
Payments to Acquire Property, Plant, and Equipment 11.08M 9.19M 8.47M 9.25M 12.97M 32.20M
Net Cash Provided by (Used in) Investing Activities -11.08M -9.19M -8.47M -1.29M -12.97M -32.20M
Payments for Repurchase of Common Stock 79.03M 30.05M 0 5.13M 0 0
Payments of Dividends — 0 0 0 0 0
Net Cash Provided by (Used in) Financing Activities -81.39M -33.27M -4.99M -43.13M 7.94M -2.11M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (HLIT CIK 0000851310), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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