Income StatementBalance SheetCash FlowSegments
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Ciena Cash Flow Statement

Operating, investing, and financing cash movements

Ciena generated $930.0M in operating cash flow over the trailing twelve months. After $187.8M in capital expenditures, free cash flow was $742.2M. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$930.0MNet Cash From Investing (TTM)-$391.7MNet Cash From Financing (TTM)-$467.0MCapital Expenditures (TTM)$187.8MNet Change In Cash (TTM)$248.7M
Latest FilingQ1 2026
Report Date2026-03-05
Market Cap$82.5B
P/E Ratio360.36
ROE8.2%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$0.0$6.7M———$1.5M
Inventory write-down$41.9M$10.9M$12.5M$10.8M$14.2M$21.8M
Other non-cash income (expense)$0.0$6.7M———$1.5M
Change in accounts payable$176.6M-$49.6M$32.8M$100.1M$143.1M-$130.9M
Change in accounts receivable—$33.5M—$96.0M—-$9.4M
Change in deferred revenue—$20.3M$46.2M—$25.5M$86.0M
Change in inventories-$74.8M$35.8M$41.1M——$41.2M
Deferred income taxes-$56.9M-$17.1M—-$11.2M-$1.5M-$7.0M
Other Non-Cash Income (Expense)$0.0$6.7M———$1.5M
Loss on extinguishment of debt$0.0$0.0$0.0$0.0$0.0—
Other Non-cash Income (Expense)$0.0$6.7M———$1.5M
Other Non-cash Income (Expense)$0.0$6.7M———$1.5M
Net cash from operating activities$349.4M$103.7M$156.9M$174.3M$371.1M$227.6M
Net income$37.0M$44.6M$9.0M$50.3M$19.5M$150.3M
Other non-cash income (expense)$0.0$6.7M———$1.5M
Amortization of intangible assets$9.9M$8.8M$8.8M$8.8M$9.9M$11.5M
Depreciation$23.8M$24.7M$25.1M$26.9M$27.5M$32.3M
Impairment of intangible assets$0.0$22.3M$22.3M$22.3M$22.3M—
Operating lease liabilities-$4.4M-$4.4M-$3.6M-$3.9M-$4.0M-$3.9M
Increase (Decrease) in Operating Lease, Right-of-use Assets-$2.9M-$2.9M-$2.7M-$3.2M-$2.9M-$2.9M
Increase (Decrease) in Prepaid Expense and Other Assets—-$92.0M—-$53.3M—-$40.0M
Inventory write-downs$41.9M$10.9M$12.5M$10.8M$14.2M$21.8M
Other Noncash Income (Expense)$0.0$6.7M———$1.5M
Provision for warranty$10.9M$5.7M$5.0M$5.6M$8.1M$8.2M
Other Non-cash Income and Expense$0.0$6.7M———$1.5M
Other Non-Cash Adjustments$0.0$6.7M———$1.5M
Other Non-Cash Income and Expense$0.0$6.7M———$1.5M
Stock-based compensation$41.0M$40.8M$48.0M$46.9M$48.8M$49.8M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid—$4.7M$7.8M$2.3M$2.6M$14.9M
Interest paid$27.5M$25.6M$17.6M$25.0M$17.0M$16.9M
Capital expenditures incurred but not yet paid—$4.7M$7.8M$2.3M$2.6M$14.9M
Capital Expenditures Incurred but Not Yet Paid—$4.7M$7.8M$2.3M$2.6M$14.9M
ROU Asset Obtained for Lease Liability$1.6M$1.1M$15.3M$5.5M$1.7M$4.9M
Cash Paid for Lease Liabilities$4.8M$4.8M$4.1M$4.4M$4.6M$4.5M
Income Taxes Paid, Net$13.2M$10.4M$45.0M$29.4M$28.7M$10.7M
Operating lease payments$4.8M$4.8M$4.1M$4.4M$4.6M$4.5M
Operating Lease Payments$4.8M$4.8M$4.1M$4.4M$4.6M$4.5M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Extinguishment Costs$0.0$19.2M———$0.0
Payments of Debt Extinguishment Costs$0.0$19.2M———$0.0
Repayments of debt$5.9M$2.9M$2.9M$2.9M$2.9M$0.0
Finance Lease, Principal Payments$1.0M$1.0M$1.1M$1.1M$1.1M$1.2M
Payments Of Debt Issuance Costs—$10.0K$2.0K——$0.0
Proceeds from modification of debt, net—$19.2M———$0.0
Proceeds from modification of debt, net$0.0$4.8M$4.8M$4.8M$4.8M—
Payment for Debt Extinguishment Costs$0.0$19.2M———$0.0
Finance lease prepayments$1.0M$1.0M$1.1M$1.1M$1.1M$1.2M
Net cash from financing activities-$148.7M-$93.5M-$107.8M-$84.9M-$119.8M-$154.5M
Proceeds from issuance of common stock—$17.1M$0.0$18.7M$2.0K$17.2M
Payment for Debt Extinguishment Costs$0.0$19.2M———$0.0
Repurchases of common stock$128.7M$81.2M$87.0M$81.8M$84.5M$80.5M
Taxes paid for net share settlement$13.1M$25.5M$16.8M$17.8M$31.3M$90.1M
Payment for Debt Extinguishment or Prepayment Cost$0.0$19.2M———$0.0
Payment for debt extinguishment or prepayment costs$0.0$19.2M———$0.0

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$83.5M$26.9M$28.7M$39.8M$45.4M$73.9M
Payments for Derivative Instruments (Investing)$1.1M-$1.8M-$684.0K$5.1M$1.4M-$1.0M
Proceeds from Derivative Instrument Investing Activities$1.1M-$1.8M-$684.0K$5.1M$1.4M-$1.0M
Payments for (Proceeds from) Derivative Instruments, Investing$1.1M-$1.8M-$684.0K$5.1M$1.4M-$1.0M
Payments for (Proceeds from) Derivative Instrument, Investing Activities$1.1M-$1.8M-$684.0K$5.1M$1.4M-$1.0M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$25.9M$55.1M$109.8M$96.8M$87.0M$68.9M
Net cash from investing activities-$148.9M-$67.1M——-$213.8M-$43.9M
Purchases of investments$90.2M$97.0M$62.1M$32.2M$22.8M$39.9M
Investing Cash Flows from Derivatives$1.1M-$1.8M-$684.0K$5.1M$1.4M-$1.0M
Payments for (Proceeds from) Derivative Instruments, Investing$1.1M-$1.8M-$684.0K$5.1M$1.4M-$1.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$265.8M$76.8M$128.2M$134.6M$325.6M$153.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash—-$3.3M$6.2M-$2.9M-$1.6M$2.2M
Net increase (decrease) in cash—-$60.1M$75.0M$106.3M$36.0M$31.5M
Accrued payables for capital expenditures—$4.7M$7.8M$2.3M$2.6M$14.9M
Repurchase of common stock in accrued liabilities from repurchase program, net$4.4M$4.2M—$208.0K$348.0K$2.6M
Leased assets obtained in exchange for operating lease liabilities$1.6M$1.1M$15.3M$5.5M$1.7M$4.9M