HARMONIC INC
HLITOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $360.5M | $488.2M | $388.5M | $625.0M | $507.1M | $378.8M |
| Operating income | $14.1M | $74.7M | $30.0M | $45.5M | $18.8M | −$12.4M |
| Net income | −$43.3M | $39.2M | $84.0M | $28.2M | $13.3M | −$29.3M |
| Total assets | $718.5M | $796.5M | $768.2M | $710.0M | $693.7M | $591.5M |
| Total liabilities | $335.2M | $331.2M | $331.3M | $385.5M | $396.9M | $333.2M |
| Equity | $383.2M | $465.3M | $436.9M | $324.5M | $295.9M | $258.3M |
| EPS (diluted) | $-0.38 | $0.33 | $0.72 | $0.25 | $0.12 | $-0.30 |
| Shares out. | 117.1M | 111.9M | 111.1M | 103.7M | 100.8M | 95.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 3.9%
- Net margin
- −12.0%
- Return on equity
- −11.3%
- Return on assets
- −6.0%
- Return on capital (ROCE)
- 2.7%
- Liabilities / assets
- 46.7%
- Debt / equity
- 0.87×
- Book value / share
- $3.27
- Revenue growth (YoY)
- −26.2%
- Net income growth (YoY)
- −210.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -5.38distress
- Accruals / assets
- −21.1%clean
- Beneish M-Score
- -3.94normal
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 2 warning● 4 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- Operating margin is positive
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 14, 2016
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Invesco Ltd.Passive (13G)Aug 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Jankovic WalterOfficer — Chief Financial Officer | May 22, 2026 | Option exercise | 6,645 | $0.00 |
| Glahn Ronald JOfficer — SVP, Global Sales, Broadband | May 15, 2026 | Option exercise | 4,038 | $0.00 |
| Jankovic WalterOfficer — Chief Financial Officer | May 15, 2026 | Option exercise | 19,785 | $0.00 |
| Chu Timothy COfficer — General Counsel & SVP, HR | May 15, 2026 | Option exercise | 9,876 | $0.00 |
| Haltmayer NevenOfficer — SVP & GM, Video Business | May 15, 2026 | Option exercise | 11,373 | $0.00 |
| Ben-Natan NimrodOfficer — President and CEO | May 15, 2026 | Option exercise | 26,196 | $0.00 |
| Copeland StephanieDirector | May 14, 2026 | Sell | 4,300 | $13.30 |
| Haltmayer NevenOfficer — SVP & GM, Video Business | May 13, 2026 | Sell | 31,766 | $13.24 |
| Glahn Ronald JOfficer — SVP, Global Sales, Broadband | Apr 15, 2026 | Option exercise | 3,750 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.1M | 1.2 | -0.7% |
| Apr 30, 2026 | 3.1M | 2.9 | +10.4% |
| Apr 15, 2026 | 2.8M | 3.2 | -7.7% |
| Mar 31, 2026 | 3.1M | 2.5 | +2.3% |
| Mar 13, 2026 | 3.0M | 2.5 | +17.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 11, 2026
- Director / officer changeApr 2, 2026
- Entered a material agreementMar 23, 2026
- Regulation FD disclosureMar 11, 2026
- Results of operationsFeb 19, 2026
- Director / officer changeFeb 9, 2026
- Entered a material agreement · Regulation FD disclosureDec 9, 2025
- Results of operationsNov 3, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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