Calix, Inc.
calix.comWhat Do They Do?
Sells broadband network and subscriber-premises appliances, cloud software and managed services to communications service providers.
10-K for FY2025, filed Feb 20, 2026
How Do They Make Money?
Customers pay for access and premises appliances when products ship; software licenses bring in revenue upfront, while cloud subscriptions, support, maintenance, extended warranties and managed services bring in revenue over contract terms. Professional services and training bring in revenue as services are delivered.
10-K for FY2025, filed Feb 20, 2026Revenue is recognized when a performance obligation is satisfied, which occurs when control of the promised goods or services is…View ↗
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10-K for FY2025, filed Feb 20, 2026
FY2025 revenue by product or service ↗
$1B
-
10-K for FY2025, filed Feb 20, 2026
$1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Appliance
Sold outright
10-K for FY2025, filed Feb 20, 2026 |
83% |
Appliance, FY2025
$825.6M Sources
|
Sold outright |
|
Software and service
Mix
10-K for FY2025, filed Feb 20, 2026 |
17% |
Software and service, FY2025
$174.4M Sources
|
Mix |
Who Are Their Customers?
Calix sells to broadband service providers of different sizes, including local carriers, cable and wireless providers, municipalities and electric cooperatives. It sells predominantly through its direct sales force, often alongside selected channel partners, and customers also purchase through partners.
10-K for FY2025, filed Feb 20, 2026We market and sell our platform (agentic AI, cloud, software and appliances) and managed services to service providers of all types and…View ↗
We refer to service providers as large, medium and small based on the number of broadband subscribers they serve. Large service providers…View ↗
We market, sell and support the success of our platform and managed services predominantly through our direct sales force, supported by…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 12 cents into free cash flow.
10-K for FY2025, filed Feb 20, 2026
$21MView ↗
10-K for FY2025, filed Feb 20, 2026
$17.9MView ↗
10-K for FY2025, filed Feb 20, 2026
$115.5MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 21, 2026
$17.1MView ↗
- ▲ Now profitable
- vs −$199K in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 21, 2026
Open tableView ↗
Growing. Revenue grew 47% in 4 years, from $679.4M in FY2021 to $1B in FY2025, about 10% a year.
AI capabilities
The platform's earlier cloud, software and systems used machine learning to deliver insights; the latest report describes an agentic-AI platform with role-based agents alongside appliances, cloud software and managed services.
10-K for FY2022, filed Feb 21, 2023 10-K for FY2025, filed Feb 20, 2026Calix was founded in 1999. We develop, market and sell our Calix platform (cloud, software and systems) and managed services that enable…View ↗
Who Do They Compete With?
Competes with ADTRAN Holdings, Ciena, CommScope Holding, eero/Ring, Harmonic, Huawei Technologies, Nokia, Plume Design, and Ubiquiti
10-K for FY2025, filed Feb 20, 2026We compete with several companies within the markets that we serve, and we anticipate that competition will intensify. Vendors with which…View ↗
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