15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $361M | $1M | 48.5% | 3.9% | $97M | $112M | $124M |
| 2024 | $488M | $39M | 49.2% | 15.3% | $53M | $114M | $101M |
| 2023 | $388M | $84M | 45.9% | 7.7% | -$1M | $0 | $84M |
| 2022 | $625M | $28M | 50.5% | 7.3% | -$4M | $16M | $90M |
| 2021 | $507M | $13M | 51.2% | 3.7% | $28M | $18M | $133M |
| 2020 | $379M | -$29M | 51.5% | -3.3% | $7M | $22M | $99M |
| 2019 | $403M | -$6M | 55.4% | 3.2% | $21M | $17M | $93M |
| 2018 | $404M | -$21M | 51.8% | -1.2% | $5M | $20M | $66M |
| 2017 | $358M | -$83M | 47.4% | -19.8% | -$8M | $22M | $57M |
| 2016 | $406M | -$72M | 49.5% | -16.5% | -$15M | $19M | $56M |
| 2015 | — | -$16M | — | — | -$8M | — | $126M |
| 2014 | — | -$46M | — | — | $37M | — | $73M |
| 2013 | — | $37M | — | — | $39M | — | $90M |
| 2012 | — | -$11M | — | — | $58M | — | $97M |
| 2011 | — | $9M | — | — | $28M | — | $91M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Apr '26 | $122M | $7M | 52.3% | 16.8% | $30M | $111M | $109M |
| Dec '25 | -$53M | -$55M | 103.3% | 18.4% | $10M | $112M | $124M |
| Sep '25 | $142M | $3M | 54.2% | 6.9% | $21M | $113M | $127M |
| Jun '25 | $138M | $3M | 53.5% | 2.8% | -$15M | $113M | $124M |
| Mar '25 | $133M | $6M | 59.0% | 7.6% | $82M | $114M | $149M |
| Dec '24 | $32M | $38M | -3.7% | 203.7% | $46M | $114M | $101M |
| Sep '24 | $196M | $22M | 53.5% | 18.1% | $6M | $115M | $58M |
| Jun '24 | $139M | -$13M | 52.9% | -11.3% | -$24M | $114M | $46M |
| Mar '24 | $122M | -$8M | 51.7% | -7.8% | $25M | — | $84M |
| Dec '23 | $167M | $84M | 49.0% | 5.8% | $4M | $0 | $84M |
| Sep '23 | $127M | -$6M | 48.5% | -6.8% | $9M | — | $76M |
| Jun '23 | $156M | $2M | 54.5% | 6.4% | -$18M | — | $71M |
| Mar '23 | $158M | $5M | 53.3% | 7.1% | $4M | — | $91M |
| Dec '22 | $164M | $6M | 52.1% | 10.0% | $17M | $16M | $90M |
| Sep '22 | $156M | $9M | 50.5% | 7.3% | -$10M | — | $105M |
| Jul '22 | $157M | $15M | 52.3% | 9.6% | $19M | — | $122M |
| Apr '22 | $147M | -$2M | 46.9% | 1.7% | -$30M | — | $101M |
| Dec '21 | $156M | $20M | 50.0% | 9.7% | $5M | $18M | $133M |
| Oct '21 | $126M | $2M | 52.4% | 4.3% | $12M | — | $128M |
| Jul '21 | $113M | -$2M | 53.3% | 1.9% | $13M | — | $115M |
How the market has priced HLIT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Harmonic Inc.'s revenue has declined 1.0% per year. These are computed facts, not advice.
As of FY2025, Harmonic Inc. reported $112M of total debt against $124M of cash; operating income covered interest expense 3.7×.
In FY2025, gross margin was 48.5%, operating margin 3.9%, and net margin 0.3%.
As of Jun '26, Harmonic Inc. traded at a price-to-earnings ratio of about 1324.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.