# Harmonic Inc. (HLIT)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $1.54B  
**Price:** $13.50 (+0.67%)

> Harmonic Inc. is a technology company that develops and sells video delivery and broadband access solutions worldwide. The company focuses on enabling cable and broadband operators, streaming platforms, and media companies to distribute high-quality video and high-speed data services efficiently. Harmonic Inc. operates through two main segments: Video and Broadband. The Video segment provides video processing, production, and playout software and systems that support broadcast television, pay-TV, and over-the-top streaming, delivering content to devices such as TVs, computers, tablets, and smartphones. The Broadband segment offers software-based broadband access platforms and related services that help operators manage and scale high-speed internet networks. Headquartered in San Jose, California, and founded in 1988, Harmonic Inc. plays a significant role in the communications and media infrastructure market by supplying critical technologies that support modern video streaming workflows and next-generation broadband connectivity for residential and enterprise customers.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $361M | $175M | $14M | -$43M | — |
| 2024 | $488M | $240M | $75M | $39M | — |
| 2023 | $388M | $178M | $30M | $84M | — |
| 2022 | $625M | $316M | $46M | $28M | — |
| 2021 | $507M | $260M | $19M | $13M | — |
| 2020 | $379M | $195M | -$12M | -$29M | — |
| 2019 | $403M | $223M | $13M | -$6M | — |
| 2018 | $404M | $209M | -$5M | -$21M | — |
| 2017 | $358M | $170M | -$71M | -$83M | — |
| 2016 | $406M | $201M | -$67M | -$72M | — |
| 2015 | $377M | $203M | -$13M | -$16M | — |
| 2014 | $434M | $212M | -$22M | -$46M | — |
| 2013 | $462M | $220M | -$23M | $37M | — |
| 2012 | $477M | $221M | -$18M | -$11M | — |
| 2011 | $491M | $237M | $2M | $9M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $718M | $335M | $383M | $124M | $112M |
| 2024 | $797M | $331M | $465M | $101M | $114M |
| 2023 | $768M | $331M | $437M | $84M | — |
| 2022 | $710M | $386M | $325M | $90M | $16M |
| 2021 | $694M | $397M | $296M | $133M | $18M |
| 2020 | $592M | $333M | $258M | $99M | $22M |
| 2019 | $587M | $332M | $252M | $93M | $17M |
| 2018 | $511M | $283M | $228M | $66M | $20M |
| 2017 | $508M | $290M | $230M | $57M | $22M |
| 2016 | $554M | $283M | $271M | $56M | $19M |
| 2015 | $525M | $197M | $328M | $126M | — |
| 2014 | $481M | $109M | $372M | $73M | — |
| 2013 | $606M | $112M | $494M | $90M | — |
| 2012 | $718M | $164M | $553M | $97M | — |
| 2011 | $734M | $170M | $564M | $91M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $108M | $11M | $97M |
| 2024 | $62M | $9M | $53M |
| 2023 | $7M | $8M | -$1M |
| 2022 | $5M | $9M | -$4M |
| 2021 | $41M | $13M | $28M |
| 2020 | $39M | $32M | $7M |
| 2019 | $31M | $10M | $21M |
| 2018 | $12M | $7M | $5M |
| 2017 | $3M | $11M | -$8M |
| 2016 | $438,000 | $15M | -$15M |
| 2015 | $6M | $14M | -$8M |
| 2014 | $47M | $10M | $37M |
| 2013 | $54M | $15M | $39M |
| 2012 | $71M | $13M | $58M |
| 2011 | $45M | $17M | $28M |

Source: [CompaniesByCap](https://companiesbycap.com/company/HLIT)