HARMONIC INC

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 14, 2025

HLIT$10.23+7.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share data)

	Year Ended December 31,
	2024	2023	2022
Revenue:
Appliance and integration	$507,378	$435,878	$473,806
SaaS and service	171,344	172,029	151,151
Total net revenue	678,722	607,907	624,957
Cost of revenue:
Appliance and integration	255,707	236,773	259,027
SaaS and service	57,094	58,589	50,046
Total cost of revenue	312,801	295,362	309,073
Total gross profit	365,921	312,545	315,884
Operating expenses:
Research and development	120,975	126,282	120,307
Selling, general and administrative	153,124	163,282	146,717
Asset impairment and related charges	12,713	—	—
Restructuring and related charges	15,973	809	3,341
Total operating expenses	302,785	290,373	270,365
Income from operations	63,136	22,172	45,519
Interest expense, net	(7,326)	(2,696)	(5,040)
Other income (expense), net	2,123	(335)	4,006
Income before income taxes	57,933	19,141	44,485
Provision for (benefit from) income taxes	18,716	(64,853)	16,303
Net income	$39,217	$83,994	$28,182
Net income per share:
Basic	$0.34	$0.75	$0.27
Diluted	$0.33	$0.72	$0.25
Weighted average common shares:
Basic	115,120	111,651	105,080
Diluted	117,482	117,359	112,378

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.