What is Harmonic's net debt?

Harmonic (HLIT) reported net debt of $21.69M in Q1 2026.

How has Harmonic's net debt changed year-over-year?

Harmonic's net debt increased by 282.3% year-over-year, from -$11.9M to $21.69M.

What is the long-term trend for Harmonic's net debt?

Over 5 years (2020 to 2025), Harmonic's net debt has grown at a -33.1% compound annual growth rate (CAGR), from -$65.2M to $8.72M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Harmonic HLIT Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

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Other financials

Income statement

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Revenue$121.7M+43.4%

Gross profit$63.6M+36.9%

Operating income$20.4M+191%

Net income$7.3M+23.0%

EPS (diluted)$0.07+40.0%

Balance sheet

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Cash & equivalents$109.4M-26.6%

Total debt$131.1M-4.4%

Total equity$355.2M-20.4%

Total assets$705.3M-8.8%

Cash flow

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Operating cash flow$31.7M-62.1%

CapEx$1.4M-25.3%

Free cash flow$30.3M-62.9%

Valuation

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Market cap$1.59B-11.8%

Enterprise value$1.61B-8.9%

P/S4×0.0×

Profitability

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Gross margin49.7%—

Operating margin21.5%—

Net margin-10.4%-22.2pp

FCF margin0%—

Returns & leverage

See full

Return on equity-10.5%-22.9pp

Debt / equity0.4×+0.1×

Current ratio2.3×+0.2×

Where this comes from

Calculated from Harmonic’s reported figures.

$131.1Mtotal debt−$109.4Mcash and equivalents=$21.69M

The official record: Harmonic’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Harmonic's net debt?: Harmonic (HLIT) reported net debt of $21.69M in Q1 2026.
How has Harmonic's net debt changed year-over-year?: Harmonic's net debt increased by 282.3% year-over-year, from -$11.9M to $21.69M.
What is the long-term trend for Harmonic's net debt?: Over 5 years (2020 to 2025), Harmonic's net debt has grown at a -33.1% compound annual growth rate (CAGR), from -$65.2M to $8.72M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.