Filing Flows › Calix (CALX) › Q3 2025
Calix (CALX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Calix (CALX) reported revenue of $265M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +10% from the quarter before. Operating margin was 6.6%, net earnings $15.7M (5.9% of revenue).
Calix, Q3 2025: revenue $265M (+32% year over year), operating margin 6.6%, net earnings $15.7M, operating cash flow $32.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | +10% | +32% |
| Gross profit | $152M | +12% | +38% |
| Operating profit | $17.4M | 45× | — |
| Net earnings | $15.7M | — | — |
| Operating cash flow | $32.3M | -18% | +102% |
| Free cash flow | $26.7M | -25% | +109% |
What changed
Revenue was $265.4M in Q3 2025, up 32% year over year and up 10% from the previous quarter.
Gross margin was 57.3%, up 2.5 points from a year earlier. Operating profit was $17.4M, a 6.6% margin (up 12.0 points year over year). Operating expenses grew 11% against revenue growth of 32%. The fastest-growing cost line was General & admin (+18%). Net earnings were $15.7M. The effective tax rate was 23.0%.
Operating cash flow was $32.3M (up 102% year over year), 206% of net earnings. Non-cash charges added back $4.7M of depreciation and amortization and $20.6M of share-based compensation. Working capital and other items used $8.7M. Capital expenditures of $5.6M left free cash flow of $26.7M.
Questions
What was Calix's revenue in the third quarter 2025?
Calix (CALX) reported revenue of $265M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +10% from the quarter before.
Was Calix profitable in the third quarter 2025?
Operating profit was $17.4M (6.6% of revenue) and net earnings $15.7M.
Source: Calix 10-Q on SEC EDGAR.