HARMONIC INC. (HLIT) FY2025 10-K Annual Report
Filed: Feb 24, 2026
Information Technology
Radio & Tv Broadcasting & Communications EquipmentSEC EDGAR HARMONIC INC. (HLIT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
HARMONIC INC. FY2025 10-K Analysis
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
HARMONIC INC. FY2025 Key Financial MetricsXBRL
Revenue
$361M
▼ -46.9% YoY
Net Income
-$43M
▼ -210.4% YoY
Gross Margin
48.5%
▼ -544bp YoY
Operating Margin
3.9%
▼ -540bp YoY
Net Margin
-12.0%
▼ -1779bp YoY
ROE
-11.3%
▼ -1973bp YoY
Total Assets
$718M
▼ -9.8% YoY
EPS (Diluted)
$-0.38
▼ -215.2% YoY
Operating Cash Flow
$108M
▲ +74.4% YoY
Source: XBRL data from HARMONIC INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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