Calix Reports 22% Revenue Growth to $241.9 Million in Latest Quarter

Calix, Inc. reported significant financial performance in its latest 10-Q filing for the quarter ending June 28, 2025, with total revenue reaching $241.9 million, a 22% increase from $198.1 million in the same quarter of the previous year. For the first half of 2025, revenue was $462.1 million, up 9% from $424.4 million in the first half of 2024. The company achieved a gross profit of $136.3 million for the quarter, translating to a gross margin of 56.3%, compared to 54.3% in the prior year. Despite these gains, Calix reported a net loss of $199,000 for the quarter, a significant improvement from a net loss of $7.96 million in the same period last year.

The company noted several strategic developments, including a focus on expanding its customer base, which now includes approximately 1,600 active customers. The revenue growth was attributed to increased capital expenditures from large customers and a reclassification of a small customer to the large-customer segment following an acquisition. Notably, revenue from large customers surged by 132% year-over-year, while medium and small customer segments also saw increases of 61% and 8%, respectively. Geographically, the United States accounted for 91% of total revenue, with international sales growing, particularly in Europe.

Operationally, Calix's total current assets decreased slightly to $562.3 million from $584.7 million at the end of 2024, primarily due to a reduction in accounts receivable and prepaid expenses. The company’s cash and cash equivalents increased to $76.5 million, up from $43.2 million at the end of the previous fiscal year. The total liabilities also decreased to $148.7 million from $158.3 million, reflecting improved management of current liabilities. The company’s employee headcount remained stable, supporting its operational needs as it continues to invest in product development and customer support.

Looking ahead, Calix expressed optimism about its growth trajectory, emphasizing the importance of its platform and managed services in driving future revenue. The company plans to continue investing in its sales and marketing efforts to capture new business opportunities, particularly among smaller regional broadband service providers. However, it acknowledged potential risks, including supply chain disruptions and the impact of global economic conditions on customer spending. The company remains committed to enhancing its product offerings and expanding its market presence, which it believes will be crucial for sustaining growth in the competitive broadband access equipment market.