Calix Reports Q1 2025 Revenue of $220.2 Million, Net Loss of $4.8 Million

Calix, Inc. reported its financial results for the first quarter of 2025, revealing a revenue of $220.2 million, a decrease of 3% from $226.3 million in the same period last year. The company experienced a net loss of $4.8 million, or $(0.07) per share, compared to a net income of $103,000 in the prior year. The decline in revenue was attributed to a slowdown in customer orders, particularly from small and medium-sized customers, as they adjusted their purchasing patterns post-COVID-19. In contrast, revenue from large customers increased by 34%, indicating a shift in demand dynamics.

Calix's gross profit remained relatively stable at $122.7 million, with a slight increase in gross margin to 55.7%, up from 54.2% a year earlier. This improvement was driven by a higher proportion of revenue from its platform, cloud, and managed services. Operating expenses rose to $128.8 million, primarily due to increased sales and marketing costs, which were up 8% year-over-year. The company’s total liabilities decreased to $150 million from $158.3 million at the end of 2024, while stockholders' equity fell to $767.2 million from $780.9 million.

In terms of operational metrics, Calix reported approximately 1,600 active customers, with a significant portion of revenue still generated from the U.S. market, which accounted for 96% of total revenue. The company continues to focus on expanding its customer base and enhancing its product offerings, particularly in the broadband service provider sector. Calix's strategic initiatives include investments in regional sales teams and partnerships with channel partners to penetrate smaller markets.

Looking ahead, Calix anticipates continued challenges in the market, particularly related to customer spending patterns and potential impacts from global economic conditions. The company is also navigating supply chain complexities and rising costs due to tariffs and trade policies. Despite these challenges, Calix remains committed to its growth strategy, emphasizing the importance of its platform and managed services in driving future revenue. The company has a robust cash position, with cash, cash equivalents, and marketable securities totaling $282.3 million as of March 29, 2025, which it believes will support its operational needs for the next twelve months.