Financial Reports Latest Updates Industry Maps Economic Calendar

HARMONIC INC. (HLIT) Annual Reports

Q: Where can I read HARMONIC INC. (HLIT) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

HARMONIC INC. is listed on Nasdaq, classified by the SEC under Radio & Tv Broadcasting & Communications Equipment (SIC 3663). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 851310 →

Website：Official site ↗

Financial Highlights

FY2025 Q2 (quarterly, ended 2026-07-03)
	Current	Prior year	YoY
Revenue	$133.5M	$138.0M	-3.3%
Operating income	$23.6M	$3.9M	+510.6%
Net income	$-2.3M	$2.9M	-180.9%
EPS (diluted)	$-0.02	$0.03	-166.7%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 133 mn Net income -2.32 mn

Show table：Income statement

Item	2009Q2	2009Q3	2009Q4	2010Q1	2010Q2	2010Q3	2010Q4	2011Q1	2011Q1	2011Q2	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	81.3	83.9	86.7	84.8	95.5	105	138	133	133	134	134	139	144	128	133	137	133	102	117	123	120	108	110	108	108	104	103	83.3	86.6	81.8	110	101	113	82.9	82.3	92.0	101	90.1	99.2	101	114	80.1	84.9	116	122	78.4	74.0	94.9	132	112	113	126	156	147	157	156	164	158	156	127	167	122	139	196	222	133	138	142	-53.0	122	133
Gross profit	33.5	36.1	39.4	40.8	45.7	47.5	61.4	61.9	61.9	61.8	61.8	64.0	66.9	53.7	57.6	59.9	65.4	46.2	57.9	56.8	59.6	52.3	49.8	53.4	56.8	55.0	54.4	46.2	47.1	40.6	51.0	51.4	57.7	40.4	33.8	47.0	48.6	47.2	51.6	50.1	60.3	41.9	43.9	75.5	61.7	36.7	37.8	48.9	71.6	55.1	60.5	66.2	77.9	69.2	82.4	78.6	85.7	84.0	84.9	61.7	81.9	63.1	73.5	105	125	78.6	73.8	77.1	-54.8	63.6	69.9
Operating income	-4.17	-0.57	3.50	2.46	4.10	1.57	-2.99	-0.09	-0.09	1.39	1.39	3.84	6.63	-8.66	-2.39	-0.95	2.69	-14.9	-4.60	-2.56	-1.00	-7.22	-8.65	-3.54	-2.16	0.01	-0.34	-6.26	-6.36	-20.8	-18.1	-11.9	-16.2	-21.2	-27.4	-14.2	-8.09	-9.33	0.64	-3.65	7.33	-8.41	-7.76	22.6	6.71	-18.1	-9.55	-1.62	16.8	-3.84	2.14	5.37	15.2	2.54	15.1	11.4	16.5	11.2	9.96	-8.60	9.63	-9.53	-15.6	35.4	52.9	10.1	3.87	9.82	-9.74	20.4	23.6
Net income	-7.92	2.58	0.05	5.32	4.45	-0.36	-13.7	0.52	0.52	0.39	0.39	3.55	4.33	-7.53	0.02	-8.23	4.80	6.42	-3.80	36.8	-2.36	-5.41	-37.1	1.08	-4.85	-2.66	-0.99	-4.81	-7.20	-25.2	-20.7	-16.0	-10.4	-24.0	-31.5	-15.6	-11.5	-13.7	-2.91	-7.76	3.33	-11.3	-11.8	11.7	5.57	-21.9	-15.4	-5.38	13.5	-6.12	-2.01	1.53	19.9	-1.53	14.8	8.74	6.13	5.09	1.56	-6.49	83.8	-8.09	-12.5	21.7	38.1	5.94	2.87	2.69	-54.8	7.31	-2.32

Balance sheet

Quarterly · In mn (USD)

Total assets 633 mn Total liabilities 272 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q2	2009Q3	2009Q4	2010Q1	2010Q2	2010Q3	2010Q4	2011Q1	2011Q1	2011Q2	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	418	—	444	325	349	—	356	—	379	384	392	395	403	404	397	419	332	330	329	310	275	235	233	243	246	227	286	256	248	226	217	192	173	176	172	182	179	187	197	181	186	237	251	232	208	214	238	261	301	291	323	325	338	337	345	338	332	329	331	301	285	336	366	341	343	327	494	485	417
Total assets	—	—	556	—	595	703	720	—	721	—	736	733	734	730	730	724	718	715	627	617	606	575	532	490	481	487	489	467	525	611	588	565	554	531	508	512	508	516	506	506	511	514	527	568	587	576	558	559	592	610	651	644	694	700	698	698	710	704	690	674	768	741	714	760	797	774	783	759	718	705	633
Current liabilities	—	—	93.1	—	102	113	131	—	112	—	118	108	113	107	108	107	103	96.7	95.3	87.8	85.1	85.3	97.0	87.8	89.9	96.2	98.3	89.3	84.9	162	159	143	145	141	145	146	142	142	139	137	136	134	138	146	192	197	145	146	147	193	186	204	224	231	222	222	322	306	288	275	272	275	152	162	168	165	172	157	198	214	137
Total liabilities	—	—	149	—	168	175	200	—	184	—	190	179	170	166	169	170	164	159	157	112	112	112	128	110	109	115	118	107	197	299	296	284	283	279	280	291	290	290	285	283	283	294	315	327	332	338	327	325	333	348	384	369	397	416	402	397	386	368	348	333	331	332	321	331	331	328	337	316	335	350	272
Equity	—	—	407	—	427	529	520	—	537	—	546	554	564	564	561	553	553	556	470	506	494	462	405	380	372	372	371	360	328	311	292	281	271	251	228	221	218	226	221	223	228	221	212	241	252	236	230	234	258	260	267	274	296	285	297	301	325	336	343	341	437	409	393	429	465	446	446	443	383	355	360

Cash flow

Quarterly · In mn (USD)

Operating -58.0 mn Investing 130 mn Financing 90.5 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q2	2009Q3	2009Q4	2010Q1	2010Q2	2010Q3	2010Q4	2011Q1	2011Q1	2011Q2	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	-13.1	3.35	20.9	-2.98	8.46	-4.27	16.6	—	-7.68	—	16.8	11.3	24.8	7.96	20.3	22.0	20.6	-5.74	24.8	16.1	18.6	11.3	15.5	0.74	19.9	2.03	11.6	-5.02	-2.21	-5.41	-2.88	-4.62	13.4	-3.10	5.71	-8.58	9.03	-6.62	9.87	2.42	6.62	4.22	-8.86	5.79	30.1	-11.0	11.9	-3.31	41.6	1.68	16.8	15.2	7.36	-27.5	21.8	-8.22	19.4	6.27	-16.5	11.0	6.27	26.8	-22.1	8.72	48.5	83.6	-11.7	23.8	12.3	31.7	-58.0
Investing	-45.4	20.8	-18.3	4.77	9.15	-120	9.47	—	-38.9	—	-10.3	-5.85	-10.3	-20.5	-1.24	-6.83	-18.9	34.4	25.7	-0.42	-8.60	-2.13	-0.1	11.6	18.5	5.76	-10.6	-0.92	-4.66	-64.8	-3.05	-0.55	-2.08	3.68	-2.73	-3.13	-2.32	-1.77	-1.41	-1.42	-2.34	-1.67	-1.26	-2.03	-5.35	-11.2	-9.53	-5.42	-6.03	-3.64	-4.04	-2.88	-2.40	-2.44	4.90	-1.88	-1.86	-2.33	-1.50	-8.22	3.58	-1.91	-1.94	-2.98	-2.35	-1.87	-3.80	-2.73	-2.68	-1.40	130
Financing	4.18	0.05	0	1.74	14.5	6.53	-0.06	—	9.57	—	4.13	-0.4	1.36	2.48	-7.42	-4.53	-8.23	-6.76	-85.8	-5.59	-13.1	-30.3	-25.4	-29.3	-7.03	-1.03	-4.63	-8.38	71.6	0.69	0.88	-1.80	0.08	-1.22	-5.87	8.37	-0.38	1.90	-5.76	6.50	0.02	1.42	-1.76	5.36	1.28	1.73	3.22	1.25	-8.31	4.66	1.58	1.33	0.37	-1.97	-0.89	-2.14	-38.1	-3.42	-2.03	2.47	-2.01	-23.9	-11.1	2.94	-1.29	-36.1	-12.8	-17.8	-14.8	-44.5	90.5
Cash at period end	126	150	152	156	188	70.5	96.5	—	59.7	—	70.4	75.2	91.0	81.0	92.5	103	96.7	118	83.2	93.3	90.3	69.2	59.2	42.0	73.0	79.7	76.0	61.6	126	57.0	51.5	44.7	55.6	55.3	52.9	50.0	57.0	52.0	54.1	61.6	66.0	69.9	58.1	66.7	93.1	71.7	77.7	70.8	98.7	101	115	128	133	101	122	105	89.6	90.9	71.0	75.6	84.3	84.3	45.9	58.2	101	149	124	127	124	109	232

Profitability

Quarterly · %

Gross margin 52.4% Operating margin 17.7% Net margin -1.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q2	2009Q3	2009Q4	2010Q1	2010Q2	2010Q3	2010Q4	2011Q1	2011Q1	2011Q2	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	41.3%	43.0%	45.4%	48.1%	47.8%	45.4%	44.4%	46.6%	46.6%	46.1%	46.1%	46.1%	46.6%	42.0%	43.4%	43.8%	49.0%	45.4%	49.4%	46.2%	49.6%	48.4%	45.5%	49.4%	52.6%	52.9%	52.8%	55.5%	54.4%	49.7%	46.6%	50.6%	51.0%	48.7%	41.1%	51.1%	48.1%	52.4%	52.0%	49.8%	53.1%	52.2%	51.8%	65.3%	50.5%	46.9%	51.0%	51.6%	54.4%	49.4%	53.3%	52.4%	50.0%	46.9%	52.3%	50.5%	52.1%	53.3%	54.5%	48.5%	49.0%	51.7%	53.0%	53.5%	56.1%	59.0%	53.5%	54.2%	—	52.3%	52.4%
Operating margin	-5.1%	-0.7%	4.0%	2.9%	4.3%	1.5%	-2.2%	-0.1%	-0.1%	1.0%	1.0%	2.8%	4.6%	-6.8%	-1.8%	-0.7%	2.0%	-14.6%	-3.9%	-2.1%	-0.8%	-6.7%	-7.9%	-3.3%	-2.0%	0.0%	-0.3%	-7.5%	-7.3%	-25.4%	-16.5%	-11.8%	-14.3%	-25.5%	-33.3%	-15.4%	-8.0%	-10.3%	0.7%	-3.6%	6.4%	-10.5%	-9.2%	19.5%	5.5%	-23.0%	-12.9%	-1.7%	12.8%	-3.5%	1.9%	4.3%	9.7%	1.7%	9.6%	7.3%	10.0%	7.1%	6.4%	-6.8%	5.8%	-7.8%	-11.3%	18.1%	23.8%	7.6%	2.8%	6.9%	—	16.8%	17.7%
Net margin	-9.7%	3.1%	0.1%	6.3%	4.7%	-0.3%	-9.9%	0.4%	0.4%	0.3%	0.3%	2.5%	3.0%	-5.9%	0.0%	-6.0%	3.6%	6.3%	-3.2%	29.9%	-2.0%	-5.0%	-33.8%	1.0%	-4.5%	-2.5%	-1.0%	-5.8%	-8.3%	-30.8%	-18.9%	-15.8%	-9.2%	-29.0%	-38.3%	-16.9%	-11.4%	-15.2%	-2.9%	-7.7%	2.9%	-14.1%	-14.0%	10.1%	4.6%	-28.0%	-20.8%	-5.7%	10.2%	-5.5%	-1.8%	1.2%	12.7%	-1.0%	9.4%	5.6%	3.7%	3.2%	1.0%	-5.1%	50.2%	-6.6%	-9.0%	11.1%	17.2%	4.5%	2.1%	1.9%	—	6.0%	-1.7%

Returns & leverage

Quarterly · %

ROE -11.7% ROA -6.7% Debt ratio 43.0%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q2	2009Q3	2009Q4	2010Q1	2010Q2	2010Q3	2010Q4	2011Q1	2011Q1	2011Q2	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	—	2.9%	1.8%	-0.9%	—	-2.7%	—	0.3%	0.9%	1.6%	0.1%	0.1%	-2.1%	-2.0%	0.5%	-0.2%	8.3%	7.1%	5.0%	-1.9%	-9.9%	-10.7%	-10.4%	-1.9%	-3.6%	-4.5%	-11.2%	-17.4%	-21.5%	-24.1%	-25.3%	-31.6%	-32.5%	-33.8%	-30.3%	-19.5%	-16.2%	-9.4%	-8.3%	-12.7%	-3.5%	-2.5%	-7.3%	-9.1%	-15.6%	-11.5%	-5.4%	-0.0%	2.7%	4.8%	6.6%	12.3%	14.6%	9.1%	11.2%	6.7%	2.0%	22.1%	19.0%	15.4%	22.1%	8.7%	12.4%	16.4%	11.4%	-10.2%	-10.5%	-11.7%
ROA	—	—	—	—	2.1%	1.3%	-0.7%	—	-2.0%	—	0.3%	0.7%	1.2%	0.1%	0.1%	-1.6%	-1.5%	0.4%	-0.1%	6.6%	5.6%	3.9%	-1.4%	-7.9%	-8.5%	-8.2%	-1.4%	-2.8%	-3.1%	-7.0%	-10.7%	-13.4%	-13.4%	-12.5%	-15.0%	-15.1%	-15.6%	-13.8%	-8.6%	-7.0%	-4.1%	-3.6%	-5.3%	-1.5%	-1.1%	-3.0%	-3.7%	-6.6%	-5.0%	-2.3%	-0.0%	1.1%	2.1%	2.7%	5.1%	6.3%	4.0%	5.0%	3.1%	0.9%	11.4%	9.8%	8.1%	11.8%	5.0%	7.0%	9.2%	6.5%	-5.7%	-5.7%	-6.7%
Debt ratio	—	—	26.8%	—	28.3%	24.8%	27.8%	—	25.5%	—	25.8%	24.5%	23.1%	22.7%	23.1%	23.5%	22.9%	22.3%	25.1%	18.1%	18.5%	19.5%	24.0%	22.4%	22.6%	23.7%	24.1%	22.9%	37.5%	49.0%	50.3%	50.2%	51.1%	52.6%	55.2%	56.9%	57.0%	56.2%	56.4%	56.0%	55.3%	57.1%	59.7%	57.6%	56.6%	58.7%	58.7%	58.1%	56.3%	57.1%	59.0%	57.3%	57.2%	59.4%	57.5%	56.9%	54.3%	52.3%	50.3%	49.4%	43.1%	44.8%	45.0%	43.5%	41.6%	42.3%	43.0%	41.6%	46.7%	49.6%	43.0%

EPS

Quarterly · US$

EPS US$-0.02

Show table：EPS

Item	2009Q2	2009Q3	2009Q4	2010Q1	2010Q2	2010Q3	2010Q4	2011Q1	2011Q1	2011Q2	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	-0.08	0.03	0.00	0.05	0.05	0.00	-0.14	0.00	0.00	0.00	0.00	0.03	0.04	-0.06	0.00	-0.07	0.04	0.06	-0.03	0.36	-0.02	-0.06	-0.39	0.01	-0.06	-0.03	-0.01	-0.05	-0.08	-0.33	-0.27	-0.21	-0.13	—	—	—	—	—	—	-0.09	—	-0.13	-0.13	0.12	0.06	—	—	-0.06	0.14	-0.06	-0.02	0.01	0.19	-0.01	0.14	0.08	0.05	0.04	0.01	-0.06	0.72	-0.07	-0.11	0.19	0.32	0.05	0.03	0.02	-0.48	0.07	-0.02

Revenue & profit

Year-to-date · In mn (USD)

Revenue 255 mn Net income 4.99 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 633 mn Total liabilities 272 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating -26.3 mn Investing 129 mn Financing 46.0 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 52.3% Operating margin 17.3% Net margin 1.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -11.7% ROA -6.7% Debt ratio 43.0%

EPS

Year-to-date · US$

EPS US$0.05

Revenue & profit

Annual · In mn (USD)

Revenue 361 mn Net income -43.3 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	423	816	530	462	434	377	406	358	404	403	379	507	625	608	679	361
Gross profit	195	378	237	220	212	203	201	170	209	223	195	260	316	313	366	175
Operating income	5.14	13.1	-9.31	-23.0	-21.6	-12.9	-67.0	-70.9	-5.01	13.1	-12.4	18.8	45.5	22.2	63.1	14.1
Net income	-4.33	9.69	-10.9	37.0	-46.3	-15.7	-72.3	-82.6	-21.0	-5.92	-29.3	13.3	28.2	84.0	39.2	-43.3

Balance sheet

Annual · In mn (USD)

Total assets 718 mn Total liabilities 335 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	349	392	397	329	233	286	217	172	197	251	238	323	345	331	366	494
Total assets	720	734	718	606	481	525	554	508	511	587	592	694	710	768	797	718
Current liabilities	131	113	103	85.1	89.9	84.9	145	142	136	192	147	224	322	272	168	198
Total liabilities	200	170	164	112	109	197	283	290	283	332	333	397	386	331	331	335
Equity	520	564	553	494	372	328	271	218	228	252	258	296	325	437	465	383

Cash flow

Annual · In mn (USD)

Operating 108 mn Investing -11.1 mn Financing -81.4 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	17.8	—	70.8	53.8	47.4	6.35	0.44	3.06	12.3	31.3	39.2	41.0	5.48	7.06	61.9	108
Investing	-96.3	—	-47.5	51.1	27.8	-10.4	-70.5	-4.50	-6.94	-10.3	-32.2	-13.0	-1.29	-8.47	-9.19	-11.1
Financing	22.7	—	-17.7	-111	-92.0	57.5	-0.15	0.9	2.65	6.31	-2.11	7.94	-43.1	-4.99	-33.3	-81.4
Cash at period end	96.5	91.0	96.7	90.3	73.0	126	55.6	57.0	66.0	93.1	98.7	133	89.6	84.3	101	124

Profitability

Annual · %

Gross margin 48.5% Operating margin 3.9% Net margin -12.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	46.2%	46.3%	44.6%	47.7%	49.0%	53.8%	49.5%	47.4%	51.8%	55.4%	51.5%	51.2%	50.5%	51.4%	53.9%	48.5%
Operating margin	1.2%	1.6%	-1.8%	-5.0%	-5.0%	-3.4%	-16.5%	-19.8%	-1.2%	3.3%	-3.3%	3.7%	7.3%	3.6%	9.3%	3.9%
Net margin	-1.0%	1.2%	-2.1%	8.0%	-10.7%	-4.2%	-17.8%	-23.1%	-5.2%	-1.5%	-7.7%	2.6%	4.5%	13.8%	5.8%	-12.0%

Returns & leverage

Annual · %

ROE -10.2% ROA -5.7% Debt ratio 46.7%

Show table：Returns & leverage

Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	-0.8%	1.8%	-2.0%	7.1%	-10.7%	-4.5%	-24.1%	-33.8%	-9.4%	-2.5%	-11.5%	4.8%	9.1%	22.1%	8.7%	-10.2%
ROA	-0.6%	1.3%	-1.5%	5.6%	-8.5%	-3.1%	-13.4%	-15.6%	-4.1%	-1.1%	-5.0%	2.1%	4.0%	11.4%	5.0%	-5.7%
Debt ratio	27.8%	23.1%	22.9%	18.5%	22.6%	37.5%	51.1%	57.0%	55.3%	56.6%	56.3%	57.2%	54.3%	43.1%	41.6%	46.7%

EPS

Annual · US$

EPS US$-0.38

Show table：EPS

Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	-0.04	0.07	-0.09	0.37	-0.50	-0.17	-0.94	—	—	-0.08	—	0.12	0.26	0.71	0.33	-0.38

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read HARMONIC INC. (HLIT) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
Back to US annual reports, or see the supply-chain maps.