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MaxLinear (MXL)
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MaxLinear Balance Sheet 2025-2008 | MXL
Brief overview of MaxLinear's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
Across five reporting periods, assets decreased -24.2%, from $1.1 billion to $796.4 million, producing a negative trend.
Liabilities grew more slowly than assets: -38.6% versus -24.2%. Expansion relied more on equity, improving funding quality.
The equity ratio reached 56.7% from 46.6%. A high capital share reduces dependence on liabilities.
Net debt equals roughly 0.13x of equity. This is a moderate load and leaves room for maneuver.
Cash represents 9.1% of assets versus 12.5% initially, showing how the immediate liquidity reserve changed.
The balance sheet carries negative retained earnings of -$500.4 million. The figure may result from accumulated losses or an active capital return policy.
Overall picture
MaxLinear's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet MaxLinear
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
59.9 M | 13.8 M | -55.8 M | -55.1 M | 183 M | 222 M | 128 M | 184 M | 277 M | -81.3 M | -68 M | -20.7 M | -26.4 M | -21.8 M | -28 M | - | - | - |
Long Term Debt |
124 M | 123 M | 122 M | 122 M | 306 M | 364 M | 207 M | 256 M | 348 M | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
9.1 M | 9.41 M | 9.13 M | 10.5 M | 8.89 M | 8.14 M | 4.81 M | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 224 M | 268 M | 361 M | 15.7 M | 15.7 M | 3.36 M | 1.1 M | 796 K | 857 K | - | - | - |
Total Current Liabilities |
186 M | 182 M | 222 M | 341 M | 207 M | 234 M | 66.6 M | 70.6 M | 76.4 M | 54.5 M | 55.8 M | 33.2 M | 37.2 M | 29.6 M | 18.5 M | 13.7 M | - | - |
Total Liabilities |
345 M | 348 M | 394 M | 504 M | 561 M | 631 M | 291 M | 339 M | 437 M | 70.2 M | 71.6 M | 36.6 M | 38.3 M | 30.4 M | 19.4 M | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | 107 K | 71 K | 4.36 M | 5.99 M | 4.07 M | 3.61 M | 2.65 M | 2.29 M | 4.03 M | - | - | - |
Retained Earnings |
-500 M | -364 M | -119 M | -45.4 M | -170 M | -212 M | -114 M | -93.6 M | -69.1 M | -59.9 M | -121 M | -78.8 M | -71.7 M | -59 M | -33.7 M | -11.7 M | - | - |
Total Assets |
796 M | 865 M | 1.08 B | 1.18 B | 1.05 B | 1.02 B | 706 M | 739 M | 825 M | 423 M | 335 M | 136 M | 125 M | 111 M | 112 M | 119 M | - | - |
Cash and Cash Equivalents |
72.8 M | 119 M | 187 M | 187 M | 132 M | 150 M | 92.7 M | 73.1 M | 71.9 M | 82.9 M | 68 M | 20.7 M | 26.4 M | 21.8 M | 28 M | 21.6 M | 17.9 M | 7.92 M |
Book Value |
452 M | 516 M | 686 M | 676 M | 489 M | 391 M | 415 M | 400 M | 387 M | 352 M | 263 M | 99.1 M | 86.7 M | 80.2 M | 93 M | 119 M | - | - |
Total Shareholders Equity |
452 M | 516 M | 686 M | 676 M | 489 M | 391 M | 415 M | 400 M | 387 M | 352 M | 263 M | 99.1 M | 86.7 M | 80.2 M | 93 M | 105 M | -19.5 M | -25.4 M |
All numbers in USD currency
Quarterly Balance Sheet MaxLinear
| 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 |
124 M | 124 M | 124 M | 123 M | 123 M | 123 M | 123 M | 123 M | 123 M | 123 M | 122 M | 122 M | - | 122 M | 122 M | 172 M | - | 286 M | 306 M | 326 M | 343 M | 344 M | 364 M | 364 M | 364 M | 364 M | 207 M | 207 M | 207 M | 207 M | 256 M | 256 M | 256 M | 256 M | 348 M | 348 M | 348 M | 348 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
338 M | 317 M | 345 M | 343 M | 375 M | 362 M | 348 M | 338 M | 356 M | 393 M | 394 M | 401 M | - | 464 M | 504 M | 567 M | - | 571 M | 561 M | 596 M | 593 M | 578 M | 631 M | 631 M | 631 M | 631 M | 291 M | 291 M | 291 M | 291 M | 344 M | 339 M | 339 M | 339 M | 437 M | 437 M | 437 M | 437 M | 70.2 M | 70.2 M | 70.2 M | 70.2 M | 71.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-544 M | -546 M | -500 M | -486 M | -440 M | -413 M | -364 M | -306 M | -230 M | -191 M | -119 M | -80 M | - | -35.8 M | -45.4 M | -76.5 M | - | -137 M | -170 M | -199 M | -208 M | -209 M | -212 M | -212 M | -212 M | -212 M | -114 M | -114 M | -114 M | -114 M | -93.6 M | -93.6 M | -93.6 M | -93.6 M | -69.1 M | -69.1 M | -69.1 M | -69.1 M | -59.9 M | -59.9 M | -59.9 M | -59.9 M | -121 M | -121 M | -121 M | -121 M | -78.8 M | -78.8 M | -78.8 M | -78.8 M | -71.7 M | -71.7 M | -71.7 M | -71.7 M | -59 M | -59 M | -59 M | -59 M | -33.7 M | -33.7 M | -33.7 M | -33.7 M |
Total Assets |
823 M | 771 M | 796 M | 808 M | 864 M | 855 M | 865 M | 895 M | 973 M | 1.03 B | 1.08 B | 1.1 B | - | 1.2 B | 1.18 B | 1.18 B | - | 1.1 B | 1.05 B | 1.05 B | 1.03 B | 999 M | 1.02 B | 1.02 B | 1.02 B | 1.02 B | 706 M | 706 M | 706 M | 706 M | 744 M | 739 M | 739 M | 739 M | 825 M | 825 M | 825 M | 825 M | 423 M | 423 M | 423 M | 423 M | 335 M | 335 M | 335 M | 335 M | 136 M | 136 M | 136 M | 136 M | 125 M | 125 M | 125 M | 125 M | 111 M | 111 M | 111 M | 111 M | 112 M | 112 M | 112 M | 112 M |
Cash and Cash Equivalents |
64.8 M | 61.1 M | 72.8 M | 112 M | 109 M | 104 M | 119 M | 149 M | 186 M | 193 M | 187 M | 188 M | 226 M | 209 M | 187 M | 182 M | - | 152 M | 131 M | 171 M | 130 M | 148 M | 149 M | 149 M | 149 M | 149 M | 92.7 M | 92.7 M | 92.7 M | 92.7 M | 73.1 M | 73.1 M | 73.1 M | 73.1 M | 71.9 M | 71.9 M | 71.9 M | 71.9 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 68 M | 68 M | 68 M | 68 M | 20.7 M | 20.7 M | 20.7 M | 20.7 M | 26.4 M | 26.4 M | 26.4 M | 26.4 M | 21.8 M | 21.8 M | 21.8 M | 21.8 M | 28 M | 28 M | 28 M | 28 M |
Book Value |
485 M | 454 M | 452 M | 465 M | 488 M | 493 M | 516 M | 557 M | 617 M | 638 M | 686 M | 703 M | - | 734 M | 676 M | 616 M | - | 528 M | 489 M | 458 M | 434 M | 421 M | 391 M | 391 M | 391 M | 391 M | 415 M | 415 M | 415 M | 415 M | 400 M | 400 M | 400 M | 400 M | 387 M | 387 M | 387 M | 387 M | 352 M | 352 M | 352 M | 352 M | 263 M | 335 M | 335 M | 335 M | 136 M | 136 M | 136 M | 136 M | 125 M | 125 M | 125 M | 125 M | 111 M | 111 M | 111 M | 111 M | 112 M | 112 M | 112 M | 112 M |
Total Shareholders Equity |
485 M | 454 M | 452 M | 465 M | 488 M | 493 M | 516 M | 557 M | 617 M | 638 M | 686 M | 703 M | 746 M | 734 M | 676 M | 616 M | 570 M | 528 M | 489 M | 458 M | 434 M | 421 M | 391 M | 391 M | 391 M | 391 M | 415 M | 415 M | 415 M | 415 M | 400 M | 400 M | 400 M | 400 M | 387 M | 387 M | 387 M | 387 M | 352 M | 352 M | 352 M | 352 M | 263 M | 263 M | 263 M | 263 M | 99.1 M | 99.1 M | 99.1 M | 99.1 M | 86.7 M | 86.7 M | 86.7 M | 86.7 M | 80.2 M | 80.2 M | 80.2 M | 80.2 M | 93 M | 93 M | 93 M | 93 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of MaxLinear, 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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|
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ACMR
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Analog Devices
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Aehr Test Systems
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|
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|
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Entegris
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|
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FormFactor
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|
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Allegro MicroSystems
ALGM
|
$ 35.11 | 0.08 % | $ 6.5 B | ||
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GSI Technology
GSIT
|
$ 5.63 | 5.21 % | $ 179 M | ||
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Himax Technologies
HIMX
|
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|
Applied Materials
AMAT
|
$ 474.38 | 0.41 % | $ 381 B | ||
|
Ichor Holdings, Ltd.
ICHR
|
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|
ChipMOS TECHNOLOGIES
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|
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|
Intel Corporation
INTC
|
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inTEST Corporation
INTT
|
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|
IPG Photonics Corporation
IPGP
|
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KLA Corporation
KLAC
|
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Kulicke and Soffa Industries
KLIC
|
$ 90.85 | 1.46 % | $ 4.81 B | ||
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nLIGHT
LASR
|
$ 40.98 | 0.24 % | $ 2.05 B | ||
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SemiLEDs Corporation
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|
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|
Alpha and Omega Semiconductor Limited
AOSL
|
$ 27.71 | 7.65 % | $ 830 M | ||
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Lam Research Corporation
LRCX
|
$ 307.28 | 0.11 % | $ 386 B | ||
|
Lattice Semiconductor Corporation
LSCC
|
$ 121.66 | 4.51 % | $ 16.7 B | ||
|
Microchip Technology Incorporated
MCHP
|
$ 75.53 | 1.39 % | $ 40.8 B | ||
|
EMCORE Corporation
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|
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|
Monolithic Power Systems
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|
$ 1 355.47 | 8.06 % | $ 65.1 B | ||
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Everspin Technologies
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|
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MACOM Technology Solutions Holdings
MTSI
|
$ 275.84 | 0.21 % | $ 20.4 B | ||
|
Micron Technology
MU
|
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|
MagnaChip Semiconductor Corporation
MX
|
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|
NVIDIA Corporation
NVDA
|
$ 225.51 | 0.66 % | $ 5.49 T | ||
|
NVE Corporation
NVEC
|
$ 108.82 | 0.92 % | $ 526 M | ||
|
NeoPhotonics Corporation
NPTN
|
- | -0.13 % | $ 847 M | ||
|
Nova Measuring Instruments Ltd.
NVMI
|
$ 365.73 | 1.97 % | $ 11 M | ||
|
NXP Semiconductors N.V.
NXPI
|
$ 235.44 | 2.22 % | $ 59.5 B | ||
|
ON Semiconductor Corporation
ON
|
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|
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|
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|
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Amtech Systems
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|
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|
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QUALCOMM Incorporated
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|
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Qorvo
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|
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|
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