Harmonic (HLIT) Financial Statements & Analysis

Harmonic (HLIT) Income Statement

Harmonic reported revenue of $360.52M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 46.9% from $678.72M a year earlier. Harmonic posted a net loss of $43.31M, compared with net income of $39.22M a year earlier. Gross margin was 45.4% and operating margin 4.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jul 3, 2026), revenue was $133.46M, up 53.5% from the same quarter a year earlier.

Harmonic Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Harmonic Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	360.52	678.72	388.48	624.96	507.15	378.83	402.87	403.56	358.25
Cost of Revenue	196.86	312.80	210.36	308.54	246.84	183.83	179.86	194.35	188.43
Gross Profit	163.66	365.92	178.12	315.88	259.74	195.00	223.01	209.21	169.82
Operating Expenses
Research & Development	65.25	120.98	69.71	120.31	102.23	82.49	84.61	89.16	95.98
Selling, General & Administrative	81.38	153.12	78.27	146.72	138.09	119.61	119.04	118.95	136.27
Operating Expenses	146.63	302.79	147.98	270.37	240.93	207.45	209.93	211.30	235.39
Operating Income	17.03	63.14	30.14	45.52	18.81	-12.45	13.08	-5.01	-70.88
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	3.80	7.33	2.03	-5.04	-10.63	11.51	11.65	11.40	11.08
Other Income/Expense	-8.17	-5.20	-0.27	-1.03	-9.94	-13.77	-19.68	-11.94	-13.83
Income
Income Before Tax	8.86	57.93	27.85	44.49	8.87	-26.22	-6.60	-16.95	-84.71
Income Tax Expense	7.65	18.72	-60.49	16.30	-4.38	3.05	-0.67	4.09	-1.75
Net Income	-43.31	39.22	83.99	28.18	13.25	-29.27	-5.92	-21.04	-82.96
Net Income - Continuous Operations	-43.31	39.22	88.34	28.18	13.25	-29.27	-5.92	-21.04	-82.96
Net Income - Discontinued Operations	-44.53	-11.50	-4.34	-	-	-	-	-	-
EBITDA	23.74	77.40	42.13	61.65	32.54	1.00	24.66	15.79	-50.71
EBIT	17.03	78.00	29.87	49.39	19.49	-	-	-	-
Depreciation & Amortization	11.08	12.14	12.26	12.26	13.05	15.71	19.61	21.34	22.92
Earnings Per Share
Basic EPS	-	-	1.00	-	-	-	-	-	-1.00
Diluted EPS	-	-	1.00	-	-	-	-	-	-1.00
Basic Shares Outstanding	113.66	115.12	111.65	105.08	101.48	96.97	89.58	85.62	80.97
Diluted Shares Outstanding	114.18	117.48	117.36	112.38	106.17	96.97	89.58	85.62	80.97

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About Harmonic Financial Statements

What was Harmonic's revenue in fiscal 2025?

Harmonic reported revenue of $360.52M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 46.9% from $678.72M a year earlier.

Is Harmonic profitable?

No. Harmonic reported a net loss of $43.31M in fiscal 2025. In fiscal 2024 it earned $39.22M.

What is Harmonic's operating margin?

Harmonic's operating income was $17.03M on revenue of $360.52M in fiscal 2025, an operating margin of 4.7%, compared with 9.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition