Filing Flows › Calix (CALX) › Q2 2025
Calix (CALX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 22, 2025
Calix (CALX) reported revenue of $242M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +10% from the quarter before. Operating margin was 0.2%, net loss $199K (0.1% of revenue).
Calix, Q2 2025: revenue $242M (+22% year over year), operating margin 0.2%, net loss $199K, operating cash flow $39.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $242M | +10% | +22% |
| Operating profit | $391K | — | — |
| Net earnings | −$199K | — | — |
| Operating cash flow | $39.4M | +129% | +76% |
| Free cash flow | $35.6M | +176% | +117% |
What changed
Revenue was $241.9M in Q2 2025, up 22% year over year and up 10% from the previous quarter.
Gross margin was 56.3%, up 2.0 points from a year earlier. Operating profit was $391K, a 0.2% margin (up 5.9 points year over year). Operating expenses grew 14% against revenue growth of 22%. The fastest-growing cost line was Sales & marketing (+22%). The quarter ended with a net loss of $199K, narrower than the previous quarter's $4.8M loss. Non-operating items added $3.0M, 89% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $39.4M (up 76% year over year). Non-cash charges added back $4.3M of depreciation and amortization and $25.6M of share-based compensation. Working capital and other items added $9.6M. Capital expenditures of $3.7M left free cash flow of $35.6M.
Questions
What was Calix's revenue in the second quarter 2025?
Calix (CALX) reported revenue of $242M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +10% from the quarter before.
Was Calix profitable in the second quarter 2025?
Operating profit was $391K (0.2% of revenue) and net loss $199K.
Source: Calix 10-Q on SEC EDGAR.