Filing Flows › Calix (CALX) › Q1 2025
Calix (CALX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
Calix (CALX) reported revenue of $220M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +7% from the quarter before. Operating margin was -2.8%, net loss $4.8M (2.2% of revenue).
Calix, Q1 2025: revenue $220M (-3% year over year), operating margin -2.8%, net loss $4.8M, operating cash flow $17.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $220M | +7% | -3% |
| Operating profit | −$6.1M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | $17.2M | +12% | +17% |
| Free cash flow | $12.9M | +26% | +17% |
What changed
Revenue was $220.2M in Q1 2025, down 3% year over year and up 7% from the previous quarter.
Gross margin was 55.7%, up 1.6 points from a year earlier. Operating costs exceeded revenue by $6.1M, an operating margin of -2.8%. Operating expenses grew 3% against a revenue fall of 3%. The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $17.9M loss. Non-operating items added $3.1M, -103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $17.2M (up 17% year over year). Non-cash charges added back $4.3M of depreciation and amortization and $19.7M of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $4.3M left free cash flow of $12.9M.
Questions
What was Calix's revenue in the first quarter 2025?
Calix (CALX) reported revenue of $220M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +7% from the quarter before.
Was Calix profitable in the first quarter 2025?
Operating loss was $6.1M (-2.8% of revenue) and net loss $4.8M.
Source: Calix 10-Q on SEC EDGAR.