HLIT: financial statements from SEC

Income statement

Metric	31/12/2025	31/12/2024
Revenue	361M	488M
Cost of revenue	186M	248M
Gross profit	175M	240M
Research and development	76M	73M
Selling, general and administrative	81M	79M
Operating expenses	161M	165M
Operating income	14M	75M
Pre-tax income	9M	72M
Income tax	8M	21M
Net income	−43M	39M
Earnings per share	−0.38	0.34
Earnings per share, diluted	−0.38	0.33
Weighted average shares	114M	115M
Weighted average shares, diluted	114M	117M

Metric	31/03/2026	31/12/2025	30/09/2025	30/06/2025	31/03/2025	31/12/2024	30/09/2024	30/06/2024
Cash and equivalents	109M	124M	127M	124M	149M	101M	58M	46M
Receivables	83M	86M	105M	121M	99M	144M	174M	120M
Inventory	51M	48M	69M	71M	62M	43M	74M	84M
Current assets	485M	494M	327M	343M	341M	565M	336M	285M
Property, plant and equipment	25M	26M	28M	28M	27M	25M	28M	30M
Goodwill	61M	61M	242M	242M	238M	61M	240M	238M
Total assets	705M	718M	759M	783M	774M	797M	760M	714M
Current liabilities	214M	198M	157M	172M	165M	192M	162M	152M
Short-term debt	3M	3M	3M	3M	—	2M	—	—
Long-term debt	108M	109M	110M	111M	111M	112M	113M	114M
Total liabilities	350M	335M	316M	337M	328M	331M	331M	321M
Equity	355M	383M	443M	446M	446M	465M	429M	393M
Shares outstanding	108M	111M	112M	113M	115M	117M	117M	116M
Shares issued	108M	111M	112M	113M	115M	117M	117M	116M

Metric	31/12/2025	31/12/2024
Operating cash flow	108M	62M
Depreciation and amortisation	11M	12M
Share-based compensation	32M	28M
Capital expenditure	11M	9M
Investing cash flow	−11M	−9M
Share buybacks	79M	30M
Financing cash flow	−81M	−33M