What is Calix's nondeductible per-diem paid to drivers?

Calix (CALX) reported nondeductible per-diem paid to drivers of $129.25K in Q4 2025.

What does nondeductible per-diem paid to drivers mean?

Represents expenses related to per-diem payments for personnel that are disallowed for tax deduction purposes. This adjustment is a component of the reconciliation between statutory tax rates and the company's actual effective tax rate.

Calix CALX Nondeductible per-diem paid to drivers

Nondeductible per-diem paid to drivers at other companies

Schneider NationalSNDR

$750K—

Boston BeerSAM

$482.5K—

CBIZCBZ

$482K+61.6%

CalixCALX

$129.25K—

SPS CommerceSPSC

$826.75K—

Charles River LaboratoriesCRL

-5%-10.2pp

Other financials

Income statement

See full

Revenue$280.0M+27.1%

Gross profit$159.3M+29.8%

Operating income$12.7M+309%

Net income$11.2M+334%

EPS (diluted)$0.16+329%

Balance sheet

See full

Cash & equivalents$54.6M+29.1%

Total debt$14.7M+109%

Total equity$738.0M-3.8%

Total assets$951.4M+3.7%

Cash flow

See full

Operating cash flow$14.6M-15.0%

CapEx$8.1M+88.4%

Free cash flow$6.5M-49.5%

Valuation

See full

Market cap$2.32B+34.0%

Enterprise value$2.28B+34.3%

P/E68.5×—

P/S2.2×+0.1×

Profitability

See full

Gross margin57.1%+2.1pp

Operating margin3.8%+2.3pp

Net margin3.2%+2.0pp

FCF margin10.3%+4.0pp

Returns & leverage

See full

Return on equity4.5%+3.0pp

Debt / equity0×0.0×

Current ratio3.3×-1.3×

Where this comes from

Reported directly by Calix in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment.

The official record: Calix’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

Ask your AI about Calix's nondeductible per-diem paid to drivers.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Calix's nondeductible per-diem paid to drivers?: Calix (CALX) reported nondeductible per-diem paid to drivers of $129.25K in Q4 2025.
What does nondeductible per-diem paid to drivers mean?: Represents expenses related to per-diem payments for personnel that are disallowed for tax deduction purposes. This adjustment is a component of the reconciliation between statutory tax rates and the company's actual effective tax rate.