← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
HARMONIC INC.: Revenue declined 26.2% to $361M from $488M. Net income turned into a $43.31M loss from $39.22M of profit. Free cash flow grew 83.7% to $96.89M from $52.73M. Operating margin contracted 1140 bps to 3.91%. HARMONIC INC.'s annual comparison also shows stock compensation grew faster than revenue; capital spending grew faster than revenue; inventory grew faster than revenue; the balance-sheet screen falls in the distress range and requires business-model context.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 26.2% to $361M from $488MWatch
- Profitability — Net income turned into a $43.31M loss from $39.22M of profitWatch
- Cash flow — Free cash flow grew 83.7% to $96.89M from $52.73MOK
- Margins — Operating margin contracted 1140 bps to 3.91%Watch
- Accounting — Distress-range screen needs contextWatch
- Insiders — 2 purchases and 4 salesOK
Business
Our Broadband business provides broadband access solutions and related services, including our cOS software-based broadband access solution, to broadband operators globally.
Where the revenue comes from
Fiscal 2025, as HARMONIC INC. reports it. History and quarterly detail are in the app.
- Appliance Integration$302.8M
- Product$267.0M
- Saa S Service$57.7M
- Professional Services$35.7M
Leadership changes
From HARMONIC INC.'s own filings, the day they're filed.
- Neven Haltmayer · President · departureeff. 2026-06-16
- Dan Whalen · Directors · departureeff. 2026-03-31
- Ian Graham · President · departureeff. 2024-07-05
Latest filings
- 10-Q · Quarterly report2026-08-17
- 8-K · Company announcement2026-08-12
- 8-K · Company announcement2026-06-17
- 8-K · Company announcement2026-06-08
- 8-K · Company announcement2026-06-05
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about HARMONIC INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.