Calix, Inc.(CALX)Earnings, Financials & Key Ratios

CALX•NYSE

$45.82

$2.96B mkt cap·176.2× P/E·Price updated May 6, 2026

SectorTechnology IndustryApplication Software Sub-IndustryData platforms, analytics and business intelligence

AboutCalix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, a carrier class premises operating system and fully integrated with its GigaSpire family of systems to be ready for deployment as a complete subscriber experience solutions for BSP's residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.Show more

Revenue$1B+20.3%
EBITDA$39M+264.8%
Net Income$18M+160.1%
EPS (Diluted)0.26+157.8%
Gross Margin56.83%+4.2%
EBITDA Margin3.87%+237.0%
Operating Margin2.1%+140.6%
Net Margin1.79%+150.0%
ROE2.18%+155.0%
ROIC2.12%+146.3%
Debt/Equity0.03+189.0%

Technical→

CALX Key Insights

Calix, Inc. (CALX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.1%

✗Weaknesses

✗Weak 3Y average ROE of 0.8%
✗Profits declining 11.8% over 5 years
✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CALX Price & Volume

Calix, Inc. (CALX) stock price & volume — 10-year historical chart

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CALX Growth Metrics

Calix, Inc. (CALX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.39%

5 Years13.06%

3 Years4.84%

TTM28.38%

Profit CAGR

10 Years-

5 Years-11.79%

3 Years-24.17%

TTM197.82%

EPS CAGR

10 Years-

5 Years-13.6%

3 Years-24.33%

TTM197%

Return on Capital

10 Years-3.32%

5 Years4.81%

3 Years0.14%

Last Year2.46%

CALX Recent Earnings

Calix, Inc. (CALX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

Apr 21, 2026

EPS

$0.40

Est $0.38

+5.3%

Revenue

$280M

Est $277M

+0.9%

Q1 2026

Jan 28, 2026

EPS

$0.39

Est $0.38

+2.6%

Revenue

$272M

Est $270M

+0.8%

Q4 2025

Oct 29, 2025

EPS

$0.44

Est $0.34

+29.4%

Revenue

$265M

Est $251M

+5.7%

Q3 2025

Jul 21, 2025

EPS

$0.33

Est $0.20

+65.0%

Revenue

$242M

Est $246M

-1.8%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 21, 2026	$0.40vs $0.38+5.3%	$280Mvs $277M+0.9%
Q1 2026	Jan 28, 2026	$0.39vs $0.38+2.6%	$272Mvs $270M+0.8%
Q4 2025	Oct 29, 2025	$0.44vs $0.34+29.4%	$265Mvs $251M+5.7%
Q3 2025	Jul 21, 2025	$0.33vs $0.20+65.0%	$242Mvs $246M-1.8%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
CIENCiena CorporationDirect Competitor	77.06B	544.75	640.88	18.79%	4.47%	8.26%	0.86%	0.58
VIAVViavi Solutions Inc.Direct Competitor	12.49B	53.97	359.80	8.39%	-4.03%	-6.92%	0.5%	0.89
CSCOCisco Systems, Inc.Product Competitor	373.43B	94.30	36.98	5.3%	18.76%	23.21%	3.56%	0.63
ANETArista Networks, Inc.Product Competitor	214.34B	170.22	61.90	28.6%	38.32%	30.58%	1.98%
COMMCommScope Holding Company, Inc.Product Competitor	3.95B	17.82	-10.01	-7.87%	1.16%		6.28%
NTGRNETGEAR, Inc.Product Competitor	700.54M	25.62	-22.47	2.91%	-5.77%	-7.97%		0.10
LITELumentum Holdings Inc.Supply Chain	71.01B	994.56	2688	21.03%	11.95%	27.64%		2.30
COHRCoherent, Inc.Supply Chain	62.94B	335.73	-645.63	23.42%	4.66%	0%	0.31%	0.46

Compare CALX vs Peers

Calix, Inc. (CALX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIEN

Most directly comparable listed peer for CALX.

Scale Benchmark

vs AVGO

Larger-name benchmark to compare CALX against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIEN, VIAV, CSCO, ANET

CALX Income Statement

Calix, Inc. (CALX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	510.37M	441.32M	424.33M	541.24M	679.39M	867.83M	1.04B	831.52M	1B	1.06B
Revenue Growth %	11.24%	-13.53%	-3.85%	27.55%	25.53%	27.74%	19.79%	-20.02%	20.26%	28.38%
Cost of Goods Sold	337.48M	243.94M	236.41M	274.22M	322.81M	432.4M	521.28M	377.92M	431.69M	454.85M
COGS % of Revenue	66.12%	55.27%	55.71%	50.67%	47.51%	49.83%	50.14%	45.45%	43.17%	-
Gross Profit	172.89M▲ 0%	197.38M▲ 14.2%	187.93M▼ 4.8%	267.02M▲ 42.1%	356.59M▲ 33.5%	435.43M▲ 22.1%	518.32M▲ 19.0%	453.59M▼ 12.5%	568.32M▲ 25.3%	604.9M▲ 0%
Gross Margin %	33.88%	44.73%	44.29%	49.33%	52.49%	50.17%	49.86%	54.55%	56.83%	57.08%
Gross Profit Growth %	-14.08%	14.17%	-4.79%	42.09%	33.54%	22.11%	19.04%	-12.49%	25.29%	-
Operating Expenses	254.45M	215.9M	203.33M	230.17M	282.65M	382.82M	492.73M	496.63M	547.33M	565.12M
OpEx % of Revenue	49.86%	48.92%	47.92%	42.53%	41.6%	44.11%	47.4%	59.73%	54.73%	-
Selling, General & Admin	122.66M	126.93M	119.67M	138.63M	181.69M	250.82M	314.96M	316.76M	356.97M	364.1M
SG&A % of Revenue	24.03%	28.76%	28.2%	25.61%	26.74%	28.9%	30.3%	38.09%	35.7%	-
Research & Development	127.54M	89.96M	81.18M	85.26M	101.75M	131.99M	177.77M	179.87M	190.36M	201.02M
R&D % of Revenue	24.99%	20.39%	19.13%	15.75%	14.98%	15.21%	17.1%	21.63%	19.04%	-
Other Operating Expenses	4.25M	-999K	2.47M	6.29M	-786K	0	0	0	0	0
Operating Income	-81.56M▲ 0%	-18.51M▲ 77.3%	-15.4M▲ 16.8%	36.85M▲ 339.2%	73.94M▲ 100.7%	52.61M▼ 28.8%	25.59M▼ 51.4%	-43.03M▼ 268.2%	20.99M▲ 148.8%	39.79M▲ 0%
Operating Margin %	-15.98%	-4.2%	-3.63%	6.81%	10.88%	6.06%	2.46%	-5.18%	2.1%	3.75%
Operating Income Growth %	-190.04%	77.3%	16.81%	339.24%	100.67%	-28.85%	-51.37%	-268.2%	148.78%	-
EBITDA	-70.56M	-9.33M	-5.08M	50.56M	88.95M	66.92M	42.22M	-23.48M	38.7M	57.32M
EBITDA Margin %	-13.83%	-2.11%	-1.2%	9.34%	13.09%	7.71%	4.06%	-2.82%	3.87%	5.41%
EBITDA Growth %	-404.22%	86.78%	45.48%	1094.38%	75.92%	-24.76%	-36.92%	-155.63%	264.79%	303.79%
D&A (Non-Cash Add-back)	10.99M	9.19M	10.32M	13.72M	15.01M	14.31M	16.63M	19.55M	17.71M	13.41M
EBIT	-77.31M	-18.14M	-15.57M	35.87M	73.06M	52.61M	25.59M	-43.03M	34.17M	46.84M
Net Interest Income	-160K	-632K	-958K	-1.58M	-402K	2.01M	9.7M	12.34M	13.43M	13.01M
Interest Income	0	0	0	0	0	2.01M	9.7M	12.34M	13.43M	13.01M
Interest Expense	160K	632K	958K	1.58M	402K	0	0	0	0	0
Other Income/Expense	-233K	-254K	-1.13M	-2.56M	-1.28M	1.43M	9.17M	11.39M	13.18M	12.6M
Pretax Income	-81.79M▲ 0%	-18.77M▲ 77.1%	-16.53M▲ 11.9%	34.28M▲ 307.4%	72.65M▲ 111.9%	54.04M▼ 25.6%	34.76M▼ 35.7%	-31.65M▼ 191.0%	34.17M▲ 208.0%	52.39M▲ 0%
Pretax Margin %	-16.03%	-4.25%	-3.9%	6.33%	10.69%	6.23%	3.34%	-3.81%	3.42%	4.94%
Income Tax	1.24M	530K	1.16M	800K	-165.72M	13.03M	5.43M	-1.9M	16.28M	18.51M
Effective Tax Rate %	-1.52%	-2.82%	-7.03%	2.33%	-228.1%	24.11%	15.63%	6%	47.66%	35.33%
Net Income	-83.03M▲ 0%	-19.3M▲ 76.8%	-17.69M▲ 8.3%	33.48M▲ 289.2%	238.38M▲ 611.9%	41.01M▼ 82.8%	29.32M▼ 28.5%	-29.75M▼ 201.4%	17.88M▲ 160.1%	33.88M▲ 0%
Net Margin %	-16.27%	-4.37%	-4.17%	6.19%	35.09%	4.73%	2.82%	-3.58%	1.79%	3.2%
Net Income Growth %	-203.01%	76.76%	8.31%	289.24%	611.92%	-82.8%	-28.49%	-201.44%	160.12%	197.82%
Net Income (Continuing)	-83.03M	-19.3M	-17.69M	33.48M	238.38M	41.01M	29.32M	-29.75M	17.88M	33.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-1.66▲ 0%	-0.37▲ 77.7%	-0.32▲ 13.5%	0.54▲ 268.8%	3.51▲ 550.0%	0.60▼ 82.9%	0.42▼ 30.0%	-0.45▼ 207.1%	0.26▲ 157.8%	0.52▲ 0%
EPS Growth %	-196.43%	77.71%	13.51%	268.75%	550%	-82.91%	-30%	-207.14%	157.78%	197%
EPS (Basic)	-1.66	-0.37	-0.32	0.57	3.77	0.63	0.44	-0.45	0.27	-
Diluted Shares Outstanding	50.16M	52.61M	54.99M	62M	67.86M	68.91M	69.32M	65.88M	70.43M	65.59M
Basic Shares Outstanding	50.16M	52.16M	54.99M	59.07M	63.28M	65.06M	65.98M	65.88M	66.81M	65.59M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

CALX Balance Sheet

Calix, Inc. (CALX) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	162.46M	174.76M	143.82M	266.89M	409.25M	547.37M	597.96M	584.74M	691.55M	587.17M
Cash & Short-Term Investments	39.77M	49.65M	46.83M	133.79M	204.34M	241.72M	220.35M	297.09M	388.1M	243.29M
Cash Only	39.77M	49.65M	46.83M	80.81M	51.33M	79.07M	63.41M	43.16M	143.09M	54.6M
Short-Term Investments	0	0	0	52.98M	153M	162.64M	156.94M	253.93M	245.02M	188.69M
Accounts Receivable	80.39M	67.03M	46.51M	69.42M	85.22M	93.8M	126.03M	79.32M	99.37M	116.77M
Days Sales Outstanding	57.49	55.43	40.01	46.81	45.78	39.45	44.25	34.82	36.27	31.57
Inventory	31.53M	50.15M	40.15M	52.27M	88.88M	149.16M	132.99M	102.73M	133.74M	154.63M
Days Inventory Outstanding	34.1	75.04	61.99	69.57	100.5	125.91	93.12	99.21	113.08	101.69
Other Current Assets	0	628K	628K	0	0	62.69M	78.13M	105.6M	70.34M	72.49M
Total Non-Current Assets	132.62M	142.32M	173.01M	160.46M	332.79M	337.46M	343.91M	354.53M	366.97M	364.23M
Property, Plant & Equipment	15.68M	24.95M	37.39M	32.12M	33.97M	35.12M	38.72M	37.37M	52.48M	52.66M
Fixed Asset Turnover	32.55x	17.69x	11.35x	16.85x	20.00x	24.71x	26.85x	22.25x	19.06x	22.81x
Goodwill	116.17M	116.17M	116.17M	116.17M	116.17M	116.17M	116.17M	116.17M	116.17M	116.17M
Intangible Assets	0	0	12.15M	9.52M	6.88M	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	759K	1.2M	7.29M	2.65M	6.8M	19.14M	21.32M	23.39M	32.68M	122.73M
Total Assets	295.07M▲ 0%	317.08M▲ 7.5%	316.82M▼ 0.1%	427.35M▲ 34.9%	742.03M▲ 73.6%	884.84M▲ 19.2%	941.87M▲ 6.4%	939.27M▼ 0.3%	1.06B▲ 12.7%	951.41M▲ 0%
Asset Turnover	1.73x	1.39x	1.34x	1.27x	0.92x	0.98x	1.10x	0.89x	0.94x	1.08x
Asset Growth %	-16.99%	7.46%	-0.08%	34.89%	73.63%	19.24%	6.45%	-0.28%	12.7%	20.96%
Total Current Liabilities	128.33M	143.68M	115.49M	101.04M	128.14M	165.42M	187.64M	131.14M	163.25M	178.48M
Accounts Payable	35.98M	40.21M	10.79M	13.12M	29.06M	41.41M	34.75M	20.23M	41.52M	69.12M
Days Payables Outstanding	38.91	60.16	16.66	17.46	32.86	34.95	24.33	19.53	35.11	31
Short-Term Debt	30M	30M	30M	2.92M	4.73M	11.16M	0	0	0	0
Deferred Revenue (Current)	13.08M	15.6M	24.41M	27.56M	32.22M	33.54M	36.67M	26.75M	30.39M	117.36M
Other Current Liabilities	33.72M	38.06M	19.01M	20.82M	18.43M	51.5M	75.34M	43.86M	91.34M	78.56M
Current Ratio	1.27x	1.22x	1.25x	2.64x	3.19x	3.31x	3.19x	4.46x	4.24x	4.24x
Quick Ratio	1.02x	0.87x	0.90x	2.12x	2.50x	2.41x	2.48x	3.68x	3.42x	3.42x
Cash Conversion Cycle	52.68	70.31	85.34	98.93	113.42	130.41	113.04	114.5	114.24	102.26
Total Non-Current Liabilities	21.77M	21.47M	47.3M	45.99M	45.47M	39.85M	35.24M	27.18M	36.05M	34.95M
Long-Term Debt	0	0	0	0	0	0	0	0	12.76M	0
Capital Lease Obligations	0	0	14.34M	12.95M	12.38M	8.44M	7.42M	3.72M	12.76M	36.84M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1.13M	3.97M	14.63M	13.14M	11.08M	6.33M	2.96M	2.58M	-9.35M	-1.92M
Total Liabilities	150.11M	165.15M	162.79M	147.03M	173.6M	205.27M	222.88M	158.33M	199.3M	213.43M
Total Debt	30M	30M	47M	18.86M	20.7M	19.6M	11.56M	8.02M	25.51M	11.86M
Net Debt	-9.78M	-19.65M	171K	-61.94M	-30.63M	-59.47M	-51.85M	-35.14M	-117.57M	-42.74M
Debt / Equity	0.21x	0.20x	0.31x	0.07x	0.04x	0.03x	0.02x	0.01x	0.03x	0.03x
Debt / EBITDA	-	-	-	0.37x	0.23x	0.29x	0.27x	-	0.66x	0.21x
Net Debt / EBITDA	-	-	-	-1.23x	-0.34x	-0.89x	-1.23x	-	-3.04x	-3.04x
Interest Coverage	-483.17x	-28.70x	-16.26x	22.63x	181.73x	-	-	-	-	-
Total Equity	144.96M▲ 0%	151.93M▲ 4.8%	154.03M▲ 1.4%	280.32M▲ 82.0%	568.43M▲ 102.8%	679.57M▲ 19.6%	718.98M▲ 5.8%	780.94M▲ 8.6%	859.22M▲ 10.0%	737.98M▲ 0%
Equity Growth %	-31.93%	4.81%	1.38%	82%	102.77%	19.55%	5.8%	8.62%	10.02%	14.29%
Book Value per Share	2.89	2.89	2.80	4.52	8.38	9.86	10.37	11.85	12.20	11.25
Total Shareholders' Equity	144.96M	151.93M	154.03M	280.32M	568.43M	679.57M	718.98M	780.94M	859.22M	737.98M
Common Stock	1.42M	1.48M	1.54M	1.55M	1.61M	1.64M	1.63M	1.66M	1.68M	1.61M
Retained Earnings	-667.36M	-684.88M	-702.58M	-669.09M	-430.71M	-389.7M	-360.38M	-390.13M	-372.24M	-361.03M
Treasury Stock	-39.99M	-39.99M	-39.99M	0	0	0	0	0	0	0
Accumulated OCI	-169K	-753K	-854K	-191K	-320K	-2.47M	-659K	-612K	-408K	-1.14M
Minority Interest	0	0	0	0	0	0	0	0	0	0

CALX Cash Flow Statement

Calix, Inc. (CALX) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	-62.77M	3.56M	4.65M	51.41M	56.79M	27.18M	56.25M	68.4M	134.95M	134.95M
Operating CF Margin %	-12.3%	0.81%	1.1%	9.5%	8.36%	3.13%	5.41%	8.23%	13.5%	-
Operating CF Growth %	-357.06%	105.67%	30.73%	1004.62%	10.47%	-52.14%	106.93%	21.6%	97.3%	362.94%
Net Income	-83.03M	-19.3M	-17.69M	33.48M	238.38M	41.01M	29.32M	-29.75M	17.88M	33.88M
Depreciation & Amortization	10.99M	9.19M	10.32M	13.72M	15.01M	14.31M	16.63M	19.55M	17.71M	13.41M
Stock-Based Compensation	12.37M	17.47M	11.18M	13.96M	24.23M	44.83M	62.77M	70.76M	87.93M	66.84M
Deferred Taxes	0	0	0	0	-168.43M	1.93M	-660K	-9.97M	11.85M	14.59M
Other Non-Cash Items	280K	-6.38M	2.64M	3.91M	0	-1.15M	-4.2M	-5.29M	-3.7M	23.36M
Working Capital Changes	-3.37M	2.58M	-1.78M	-13.67M	-52.4M	-73.75M	-47.62M	23.09M	3.27M	-19.71M
Change in Receivables	-29.06M	13.86M	20.52M	-22.91M	-15.8M	-8.59M	-32.22M	46.71M	-20.05M	-41.26M
Change in Inventory	13.02M	-20.64M	10M	-12.12M	-36.61M	-60.28M	16.18M	30.26M	-31.01M	-53.79M
Change in Payables	11.76M	4.6M	-29.44M	2.19M	16.02M	12.11M	-6.37M	-15.14M	21.51M	44.27M
Cash from Investing	19.73M	-76K	-13.35M	-60.8M	-110.66M	-24.08M	-6.25M	-109.53M	-6.37M	30.49M
Capital Expenditures	-8.03M	-10.43M	-13.35M	-7.82M	-10.46M	-14.07M	-17.86M	-18.05M	-19.43M	-23.24M
CapEx % of Revenue	1.57%	2.36%	3.15%	1.44%	1.54%	1.62%	1.72%	2.17%	1.94%	-
Acquisitions	0	10.35M	0	52.98M	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	27.76M	10.35M	0	-52.98M	0	0	0	0	0	0
Cash from Financing	31.99M	7.49M	5.97M	42.15M	24.38M	25.06M	-65.93M	20.9M	-28.43M	-150.18M
Debt Issued (Net)	30M	0	0	-5.76M	-1.24M	-2.39M	0	0	0	0
Equity Issued (Net)	0	0	0	60.06M	25.62M	27.46M	-86.4M	-10.7M	-28.43M	-166.8M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-2.76M	-74K	0	0	0	0	-86.4M	-10.7M	-93.63M	-224.53M
Other Financing	1.99M	7.49M	5.97M	-12.16M	0	0	20.47M	31.59M	0	16.62M
Net Change in Cash	-10.58M▲ 0%	10.5M▲ 199.2%	-2.82M▼ 126.8%	33.35M▲ 1283.9%	-29.47M▼ 188.4%	27.74M▲ 194.1%	-15.66M▼ 156.5%	-20.25M▼ 29.3%	99.92M▲ 593.5%	12.3M▲ 0%
Free Cash Flow	-70.8M▲ 0%	-6.87M▲ 90.3%	-8.7M▼ 26.7%	43.59M▲ 601.1%	46.33M▲ 6.3%	13.12M▼ 71.7%	38.4M▲ 192.7%	50.35M▲ 31.1%	115.52M▲ 129.4%	109.13M▲ 0%
FCF Margin %	-13.87%	-1.56%	-2.05%	8.05%	6.82%	1.51%	3.69%	6.05%	11.55%	10.3%
FCF Growth %	-585.58%	90.3%	-26.7%	601.09%	6.29%	-71.69%	192.74%	31.12%	129.45%	108.8%
FCF per Share	-1.41	-0.13	-0.16	0.70	0.68	0.19	0.55	0.76	1.64	1.64
FCF Conversion (FCF/Net Income)	0.76x	-0.18x	-0.26x	1.54x	0.24x	0.66x	1.92x	-2.30x	7.55x	3.22x
Interest Paid	313K	649K	1.12M	1.69M	0	0	253K	0	0	0
Taxes Paid	915K	561K	403K	751K	0	0	11.87M	5.88M	0	0

CALX Key Ratios

Calix, Inc. (CALX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	-46.4%	-13%	-11.57%	15.42%	56.17%	6.57%	4.19%	-3.97%	2.18%	4.25%
Return on Invested Capital (ROIC)	-41.08%	-10.38%	-8.06%	14.83%	14.67%	6.82%	2.98%	-4.57%	2.12%	2.12%
Gross Margin	33.88%	44.73%	44.29%	49.33%	52.49%	50.17%	49.86%	54.55%	56.83%	57.08%
Net Margin	-16.27%	-4.37%	-4.17%	6.19%	35.09%	4.73%	2.82%	-3.58%	1.79%	3.2%
Debt / Equity	0.21x	0.20x	0.31x	0.07x	0.04x	0.03x	0.02x	0.01x	0.03x	0.03x
Interest Coverage	-483.17x	-28.70x	-16.26x	22.63x	181.73x	-	-	-	-	-
FCF Conversion	0.76x	-0.18x	-0.26x	1.54x	0.24x	0.66x	1.92x	-2.30x	7.55x	3.22x
Revenue Growth	11.24%	-13.53%	-3.85%	27.55%	25.53%	27.74%	19.79%	-20.02%	20.26%	28.38%

CALX SEC Filings & Documents

Calix, Inc. (CALX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 21, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Jan 28, 2026·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 22, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 22, 2025·SEC

CALX Frequently Asked Questions

Calix, Inc. (CALX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Calix, Inc. (CALX) reported $1.06B in revenue for fiscal year 2025. This represents a 447% increase from $193.8M in 2007.

Calix, Inc. (CALX) grew revenue by 20.3% over the past year. This is strong growth.

Yes, Calix, Inc. (CALX) is profitable, generating $33.9M in net income for fiscal year 2025 (1.8% net margin).

Dividend & Returns

Calix, Inc. (CALX) has a return on equity (ROE) of 2.2%. This is below average, suggesting room for improvement.

Calix, Inc. (CALX) generated $109.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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