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Calix Balance Sheet 2025-2008 | CALX
Brief overview of Calix's financial position
The comparison uses five available annual reports from the 2021–2025 interval.
Assets increased from $742 million to $1.1 billion, or +42.7%; CAGR of about 9.3% indicates steady balance sheet expansion.
Liability growth of +14.8% trailed asset growth of +42.7%. The funding structure became more resilient.
The equity ratio reached 81.2% from 76.6%. A high capital share reduces dependence on liabilities.
The balance sheet holds more cash than interest-bearing debt; net debt is -$127.5 million, indicating minimal leverage.
Cash equals 13.5% of the balance sheet, compared with 6.9% five periods ago. This is the readily available cushion.
The balance sheet includes a negative accumulated result of -$372.2 million. It should be assessed alongside historical profits and capital distributions.
Overall assessment
Calix shows a high-quality balance sheet profile, with adequate internal capital and room for maneuver.
Annual Balance Sheet Calix
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-127 M | -35.1 M | -51.8 M | -66.7 M | -35.4 M | - | 4.22 M | -17.9 M | -9.78 M | -50.4 M | -23.6 M | -48.8 M | -82.7 M | -47 M | -38.9 M | - | - | - |
Long Term Debt |
12.8 M | 3.72 M | 7.42 M | 8.44 M | 12.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
2.84 M | 4.3 M | 4.14 M | 3.95 M | 3.6 M | 2.99 M | 2.66 M | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 47.3 M | 21.5 M | 21.8 M | 21.1 M | 20.9 M | 21.8 M | 19.6 M | 16.5 M | 14.9 M | - | - | - |
Total Current Liabilities |
163 M | 131 M | 188 M | 165 M | 128 M | 101 M | 115 M | 144 M | 128 M | 121 M | 67.2 M | 75.8 M | 90.1 M | 92.3 M | 67.2 M | 50.3 M | - | - |
Total Liabilities |
199 M | 158 M | 223 M | 205 M | 174 M | 147 M | 163 M | 165 M | 150 M | 143 M | 88.1 M | 97.6 M | 110 M | 109 M | 82.1 M | 62.3 M | - | - |
Deferred Revenue |
30.4 M | 26.8 M | 36.7 M | 33.5 M | 27.5 M | 27.6 M | 17.2 M | 15.6 M | 13.1 M | 27.9 M | 12.1 M | 12.7 M | 34.9 M | 39.3 M | 16.8 M | 14.1 M | - | - |
Retained Earnings |
-372 M | -390 M | -360 M | -390 M | -431 M | -669 M | -703 M | -685 M | -667 M | -584 M | -557 M | -531 M | -510 M | -493 M | -464 M | -412 M | - | - |
Total Assets |
1.06 B | 939 M | 942 M | 885 M | 742 M | 427 M | 317 M | 317 M | 295 M | 355 M | 324 M | 370 M | 384 M | 378 M | 360 M | 258 M | - | - |
Cash and Cash Equivalents |
143 M | 43.2 M | 63.4 M | 79.1 M | 51.3 M | 80.8 M | 46.8 M | 49.6 M | 39.8 M | 50.4 M | 23.6 M | 48.8 M | 82.7 M | 47 M | 38.9 M | 66.3 M | 31.8 M | 23.2 M |
Book Value |
859 M | 781 M | 719 M | 680 M | 568 M | 280 M | 154 M | 152 M | 145 M | 213 M | 236 M | 273 M | 274 M | 269 M | 277 M | 195 M | - | - |
Total Shareholders Equity |
859 M | 781 M | 719 M | 680 M | 568 M | 280 M | 154 M | 152 M | 145 M | 213 M | 236 M | 273 M | 274 M | 269 M | 277 M | 195 M | -339 M | -322 M |
All numbers in USD currency
Quarterly Balance Sheet Calix
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
11.2 M | 11.9 M | 12.8 M | 9.27 M | 2.95 M | 3.38 M | 3.72 M | 4.8 M | 5.86 M | 6.92 M | 7.42 M | 8.45 M | 9.5 M | 8.82 M | 8.44 M | 9.44 M | - | 11.7 M | 12.4 M | 11.5 M | 11.9 M | 12.2 M | 12.9 M | 12.9 M | 12.9 M | 12.9 M | 14.3 M | 14.3 M | 14.3 M | 14.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
244 M | 213 M | 199 M | 154 M | 149 M | 150 M | 158 M | 159 M | 164 M | 180 M | 223 M | 176 M | 200 M | 197 M | 205 M | 219 M | - | 183 M | 174 M | 160 M | 162 M | 153 M | 147 M | 147 M | 147 M | 147 M | 163 M | 163 M | 163 M | 163 M | 165 M | 165 M | 165 M | 165 M | 150 M | 150 M | 150 M | 150 M | 143 M | 143 M | 143 M | 143 M | 88.1 M | 88.1 M | 88.1 M | 88.1 M | 97.6 M | 97.6 M | 97.6 M | 97.6 M | 110 M | 110 M | 110 M | 110 M | 109 M | 109 M | 109 M | 109 M | 80.7 M | 82.1 M | 82.1 M | 82.1 M |
Deferred Revenue |
36.5 M | 30.8 M | 30.4 M | 24 M | 25.8 M | 29.5 M | 26.8 M | 29.5 M | 32.3 M | 39.4 M | 36.7 M | 34.9 M | 41.8 M | 44.5 M | 33.5 M | 33.7 M | - | 32.3 M | 27.5 M | 24.2 M | 24 M | 24.1 M | 19.2 M | 19.2 M | 19.2 M | 19.2 M | 17.2 M | 17.2 M | 17.2 M | 17.2 M | 15.6 M | 16.8 M | 17.2 M | 14.7 M | 13.1 M | 28.2 M | 13.1 M | 13.1 M | 27.9 M | 27.9 M | 27.9 M | 27.9 M | 12.1 M | 12.1 M | 12.1 M | 12.1 M | 12.7 M | 12.7 M | 12.7 M | 12.7 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 39.3 M | 39.3 M | 39.3 M | 39.3 M | 15.3 M | 16.8 M | 16.8 M | 16.8 M |
Retained Earnings |
-344 M | -361 M | -372 M | -379 M | -395 M | -395 M | -390 M | -372 M | -368 M | -360 M | -360 M | -354 M | -371 M | -380 M | -390 M | -402 M | - | -423 M | -431 M | -451 M | -628 M | -648 M | -669 M | -669 M | -669 M | -669 M | -703 M | -703 M | -703 M | -703 M | -685 M | -685 M | -685 M | -685 M | -667 M | -667 M | -667 M | -667 M | -584 M | -584 M | -584 M | -584 M | -557 M | -557 M | -557 M | -557 M | -531 M | -531 M | -531 M | -531 M | -510 M | -510 M | -510 M | -510 M | -493 M | -493 M | -493 M | -493 M | -464 M | -464 M | -464 M | -464 M |
Total Assets |
954 M | 951 M | 1.06 B | 976 M | 921 M | 917 M | 939 M | 938 M | 918 M | 923 M | 942 M | 927 M | 942 M | 915 M | 885 M | 867 M | - | 775 M | 742 M | 696 M | 508 M | 468 M | 427 M | 427 M | 427 M | 427 M | 317 M | 317 M | 317 M | 317 M | 317 M | 317 M | 317 M | 317 M | 295 M | 295 M | 295 M | 295 M | 355 M | 355 M | 355 M | 355 M | 324 M | 324 M | 324 M | 324 M | 370 M | 370 M | 370 M | 370 M | 384 M | 384 M | 384 M | 384 M | 378 M | 378 M | 378 M | 378 M | 358 M | 360 M | 360 M | 360 M |
Cash and Cash Equivalents |
68.9 M | 54.6 M | 143 M | 95 M | 76.5 M | 42.3 M | 43.2 M | 62.4 M | 84.5 M | 88.4 M | 63.4 M | 136 M | 90.2 M | 94.2 M | 79.1 M | 75.2 M | 51.5 M | 44.4 M | 51.3 M | 60.2 M | 58.6 M | 85.9 M | 80.8 M | 80.8 M | 80.8 M | 80.8 M | 46.8 M | 46.8 M | 46.8 M | 46.8 M | 49.6 M | 49.6 M | 49.6 M | 49.6 M | 39.8 M | 39.8 M | 39.8 M | 39.8 M | 50.4 M | 50.4 M | 50.4 M | 50.4 M | 23.6 M | 23.6 M | 23.6 M | 23.6 M | 48.8 M | 48.8 M | 48.8 M | 48.8 M | 82.7 M | 82.7 M | 82.7 M | 82.7 M | 47 M | 47 M | 47 M | 47 M | 38.9 M | 38.9 M | 38.9 M | 38.9 M |
Book Value |
710 M | 738 M | 859 M | 823 M | 773 M | 767 M | 781 M | 779 M | 754 M | 743 M | 719 M | 751 M | 742 M | 718 M | 680 M | 648 M | - | 592 M | 568 M | 536 M | 346 M | 315 M | 280 M | 280 M | 280 M | 280 M | 154 M | 154 M | 154 M | 154 M | 152 M | 152 M | 152 M | 152 M | 145 M | 145 M | 145 M | 145 M | 213 M | 213 M | 213 M | 213 M | 236 M | 236 M | 236 M | 236 M | 273 M | 273 M | 273 M | 273 M | 274 M | 274 M | 274 M | 274 M | 269 M | 269 M | 269 M | 269 M | 277 M | 277 M | 277 M | 277 M |
Total Shareholders Equity |
710 M | 738 M | 859 M | 823 M | 773 M | 767 M | 781 M | 779 M | 754 M | 743 M | 719 M | 751 M | 742 M | 718 M | 680 M | 648 M | 617 M | 592 M | 568 M | 536 M | 346 M | 315 M | 280 M | 280 M | 280 M | 280 M | 154 M | 154 M | 154 M | 154 M | 152 M | 152 M | 152 M | 152 M | 145 M | 145 M | 145 M | 145 M | 213 M | 213 M | 213 M | 213 M | 236 M | 236 M | 236 M | 236 M | 273 M | 273 M | 273 M | 273 M | 274 M | 274 M | 274 M | 274 M | 269 M | 269 M | 269 M | 269 M | 277 M | 277 M | 277 M | 277 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Calix, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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