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HLIT (Harmonic Inc.) Stock Financials & Earnings | Market Cap Arena
HLIT
Harmonic Inc.
Mkt Cap
$1B
Technology
·
Communication Equipment
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$512M
Net Income (TTM)
-$43M
EPS (TTM)
-$0.38
Free Cash Flow (TTM)
$97M
Gross Margin
53.9%
Op. Margin
5.4%
Net Margin
-8.5%
FCF Margin
18.9%
P/S Ratio (TTM)
2.1x
P/E Ratio (TTM)
—
YoY Rev Growth
-24.6%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$158M
$84M
$11M
Q2 23
$156M
$85M
$10M
Q3 23
$127M
$62M
-$9M
Q4 23
$167M
$82M
$10M
Q1 24
$122M
$63M
-$10M
Q2 24
$139M
$73M
-$16M
Q3 24
$196M
$105M
$35M
Q4 24
$222M
$125M
$53M
Q1 25
$133M
$79M
$10M
Q2 25
$138M
$74M
$4M
Q3 25
$142M
$77M
$10M
Q4 25
$98M
$46M
$4M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.7x
30.8x
Q2 23
1.7x
49.8x
Q3 23
1.8x
170.6x
Q4 23
1.8x
12.8x
Q1 24
1.9x
15.1x
Q2 24
1.9x
18.9x
Q3 24
1.7x
12.6x
Q4 24
1.6x
27.3x
Q1 25
1.6x
20.1x
Q2 25
1.6x
15.6x
Q3 25
1.7x
21.6x
Q4 25
2.1x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$6M
$4M
Q2 23
-$17M
-$18M
Q3 23
$11M
$9M
Q4 23
$6M
$4M
Q1 24
$27M
$25M
Q2 24
-$22M
-$24M
Q3 24
$9M
$6M
Q4 24
$49M
$46M
Q1 25
$84M
$82M
Q2 25
-$12M
-$15M
Q3 25
$24M
$21M
Q4 25
$12M
$10M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$2M
Q2 23
$2M
Q3 23
$2M
Q4 23
$3M
Q1 24
$2M
Q2 24
$2M
Q3 24
$3M
Q4 24
$2M
Q1 25
$2M
Q2 25
$4M
Q3 25
$3M
Q4 25
$3M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+6.9%
+1.1%
Q2 23
-0.9%
+2.6%
Q3 23
-18.3%
-5.9%
Q4 23
+1.7%
+6.5%
Q1 24
-22.6%
-10.2%
Q2 24
-11.0%
+5.7%
Q3 24
+53.9%
+18.1%
Q4 24
+33.0%
+7.5%
Q1 25
+9.1%
-6.5%
Q2 25
-0.5%
-13.1%
Q3 25
-27.3%
-17.3%
Q4 25
-55.8%
-44.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$7M
4.7%
Q2 23
$6M
3.9%
Q3 23
$7M
5.7%
Q4 23
$7M
4.0%
Q1 24
$7M
5.7%
Q2 24
$7M
5.0%
Q3 24
$6M
2.9%
Q4 24
$8M
3.8%
Q1 25
$8M
6.4%
Q2 25
$8M
5.6%
Q3 25
$7M
5.1%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$34M
$39M
Q2 23
$32M
$43M
Q3 23
$30M
$39M
Q4 23
$30M
$42M
Q1 24
$31M
$39M
Q2 24
$29M
$40M
Q3 24
$30M
$36M
Q4 24
$31M
$39M
Q1 25
$31M
$37M
Q2 25
$29M
$38M
Q3 25
$30M
$39M
Q4 25
$20M
$23M
marketcaparena.com
Revenue Segments
Appliance & Integration
SaaS & Service
Broadband
Video
Product
Professional Services
Saas
Support Services
Quarter
Appliance & Integration
SaaS & Service
Broadband
Video
Product
Professional Services
Saas
Support Services
Q1 23
$115M
$43M
—
—
—
—
—
—
Q2 23
$111M
$45M
—
—
—
—
—
—
Q3 23
—
—
$76M
$51M
—
—
—
—
Q1 24
—
—
—
—
$74M
$8M
$13M
$28M
Q2 24
—
—
—
—
$87M
$7M
$14M
$31M
Q3 24
—
—
—
—
$150M
$3M
$14M
$28M
Q4 24
—
—
—
—
$170M
$7M
$15M
$29M
Q1 25
—
—
—
—
$88M
$3M
$15M
$27M
Q2 25
—
—
—
—
$84M
$10M
$15M
$29M
Q3 25
—
—
—
—
$85M
$13M
$16M
$29M
marketcaparena.com
Revenue by Geography
Non-US
United States
Quarter
Non-US
United States
Q1 23
$52M
$106M
Q2 23
$54M
$102M
Q3 23
$47M
$81M
Q4 23
$46M
$121M
Q1 24
$40M
$82M
Q2 24
$38M
$101M
Q3 24
$38M
$158M
Q4 24
$47M
$175M
Q1 25
$44M
$89M
Q2 25
$46M
$92M
Q3 25
$44M
$99M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$91M
$0
$91M
Q2 23
$71M
$0
$71M
Q3 23
$76M
$6M
$82M
Q4 23
$84M
$0
$84M
Q1 24
$84M
$0
$84M
Q2 24
$46M
$0
$46M
Q3 24
$58M
$0
$58M
Q4 24
$101M
$0
$101M
Q1 25
$149M
$0
$149M
Q2 25
$124M
$0
$124M
Q3 25
$127M
$0
$127M
Q4 25
$124M
$0
$124M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
118M
+0.4%
Q2 23
119M
+1.3%
Q3 23
112M
-6.1%
Q4 23
116M
+3.3%
Q1 24
112M
-2.9%
Q2 24
115M
+2.4%
Q3 24
117M
+2.0%
Q4 24
118M
+0.3%
Q1 25
117M
-0.6%
Q2 25
113M
-3.0%
Q3 25
113M
-0.1%
Q4 25
113M
-0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$422K
1K
FY 15
$381K
989
FY 16
$295K
1K
FY 17
$288K
1K
FY 18
$347K
1K
FY 19
$344K
1K
FY 20
$324K
1K
FY 21
$400K
1K
FY 22
$466K
1K
FY 23
$447K
1K
FY 24
$547K
1K
FY 25
$6K
59K
marketcaparena.com