Calix FY 2025 income tax benefit hits USD 16.28 million (958%)

Reuters02-21
Calix FY 2025 income tax benefit hits USD 16.28 million (958%)

Calix reported FY 2025 revenue of USD 1 billion (+20%), including appliance revenue of USD 825.65 million (+19%) and software and service revenue of USD 174.36 million (+27%). FY 2025 gross profit was USD 568.32 million (+25%) and gross margin was 56.8% (up from 54.6%), with appliance gross margin of 55.5% and software and service gross margin of 62.9%. Operating cash flow was USD 134.95 million in FY 2025 versus USD 68.4 million in FY 2024; cash, cash equivalents and marketable securities totaled USD 388.1 million at Dec. 31, 2025. Sales and marketing expense was USD 248.64 million (+14%), R&D expense was USD 190.36 million (+6%), and general and administrative expense was USD 108.33 million (+10%). Interest income and other expense, net was USD 13.18 million (+16%), while income tax expense was USD 16.28 million (effective tax rate 48%). The company said FY 2025 growth reflected adoption of its platform, cloud and managed services by new customers, expansion within its installed base, and CXP customers adding subscribers (software sold per subscriber). Calix also cited April 2025 U.S. tariff actions as increasing costs for certain imported components and some finished goods, and said the DDR4-to-DDR5 transition is raising DDR4 memory prices and is expected to increase product costs. Calix ended 2025 with USD 109.3 million remaining under its share repurchase authorization; in January 2026 the board approved a USD 125 million increase, and the company said it repurchased USD 148.7 million of common stock in 2026 to date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calix Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001406666-26-000005), on February 20, 2026, and is solely responsible for the information contained therein.

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