MARKETS / NASDAQ / HLIT
NASDAQ · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · LARGE CAP

Harmonic Inc. HLIT

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$360.5M
▼ 26.2% vs FY2024
EPS · FY25
$-0.38
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-10.2%
Net margin · FY25
-12.0%
Dividend coverage
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Result
USD 360.5M
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.20.40.60.80.4-0.02008201120142017202020232025
0.20.40.60.80.4-0.02016201920222025

The company lost 12 cents on every revenue dollar this year.

Per share
USD -0.38
Diluted EPS, FY2025
EPS
0.40.81.2-0.382008201120142017202020232025
0.40.81.2-0.382016201920222025

The company pays no cash dividend.

Profitability
-10.2%
Return on equity, FY2025
ROE
81624-10.2%2008201120142017202020232025
81624-10.2%2016201920222025
Operating margin3.9%
Net margin-12.0%
Return on assets-5.7%

Each USD of equity lost 10 cents this year.

Returned to shareholders
USD 79.0M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 79.0M
Share of profit-182.5%
Consecutive raises

USD 79.0M in buybacks went back to shareholders in a year without profit.

Growth
−1.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−16.8%
−1.0%
−0.4%
−1.1%
Returned to shareholders
+148.8%
+0.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.11B
Shares outstanding, FY2025
0.100.112008201120142017202020232025
0.080.112016201920222025
Change, 5 years+13.2%
Change, 10 years+46.3%

The share count grew 13% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 718.5M
total assets, end of FY2025
Total assetsUSD 718.5M
EquityUSD 383.2M
CashUSD 124.1M
Gross debtUSD 112.1M
Net debtUSD -12.0M
Current ratio2.50×

The company holds more cash than debt.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.4
0.5
0.4
0.6
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.5
0.5
0.5
0.4
0.3
0.4
Operating income $B
0.0
0.1
0.0
0.0
0.0
−0.0
0.0
−0.0
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
0.0
0.0
−0.0
0.0
EBITDA $B
0.0
0.1
0.0
0.1
0.0
−0.0
0.0
0.0
−0.1
−0.0
0.0
−0.0
−0.0
−0.0
0.0
0.0
−0.0
0.0
Income tax $B
0.0
0.0
−0.1
0.0
−0.0
0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
0.0
−0.0
Net income $B
−0.0
0.0
0.1
0.0
0.0
−0.0
−0.0
−0.0
−0.1
−0.1
−0.0
−0.0
0.0
−0.0
0.0
−0.0
−0.0
0.1
EPS, diluted $
−0.38
0.33
0.72
0.25
0.12
−0.30
−0.07
−0.25
−1.02
−0.93
−0.18
−0.50
0.34
−0.09
0.08
−0.04
−0.25
0.67
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
0
0
0
0
−0
−0
−0
·
·
·
·
·
·
·
·
·
·
ROE %
−10.2
8.7
22.1
9.1
4.8
−11.5
−2.5
−9.2
−33.2
−24.2
−4.5
−10.7
7.1
−2.0
1.6
−0.9
−5.9
15.4
Shares out B
0.11
0.12
0.11
0.11
0.10
0.10
0.09
0.09
0.08
0.08
0.08
0.09
0.10
0.11
0.12
0.11
0.10
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
70 of 70
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed