HLIT HARMONIC INC.
FY2025 10-K
Filed: Feb 24, 2026
Information Technology
Radio & Tv Broadcasting & Communications EquipmentSEC EDGAR HARMONIC INC. (HLIT) filed its fiscal year 2025 10-K annual report with the SEC on Feb 24, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: global provider of software-based broadband access solutions enabling efficient high-speed internet deployment
- • New emphasis on cOS Central Cloud Services, a SaaS subscription offering 24x7 support and advanced analytics for cOS platform
Management Discussion & Analysis
- • Revenue $360.5M in 2025, down 26% YoY (−$127.7M) with Appliance and integration down 30% (−$131.0M), SaaS and service up 6% (+$3.3M)
- • Gross margin 48.5% in 2025 vs 49.2% in 2024, down 0.7 percentage points due to unfavorable product mix
Risk Factors
- • Regulatory/legal risk: potential delays and higher costs in completing Video business sale due to employee works council consultation in France and other regulatory approvals
- • Geopolitical/macroeconomic threat: Russia-Ukraine and Middle East conflicts causing customer spending delays, longer sales cycles, and revenue reductions
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