INFN · Infinera Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $354.40M | $342.74M | $306.92M | - | $392.37M | $376.23M | $392.07M | - | $390.45M |
| Cost of Revenue | - | $213.18M | $207.15M | $196.48M | - | $234.05M | $233.44M | $245.18M | - | $256.03M |
| Gross Profit | - | $141.21M | $135.59M | $110.44M | - | $158.32M | $142.79M | $146.90M | - | $134.41M |
| R&D | - | $73.28M | $74.68M | $77.26M | - | $76.85M | $79.35M | $81.04M | - | $76.16M |
| SG&A | - | $34.16M | $34.11M | $32.85M | - | $29.37M | $31.16M | $29.23M | - | $28.92M |
| Total Operating Expenses | - | $152.21M | $165.40M | $153.42M | - | $150.66M | $157.08M | $156.36M | - | $143.72M |
| D&A | - | $13.30M | $13.30M | $15.45M | - | $13.50M | $12.70M | $19.60M | - | $11.50M |
| Operating Income | - | ($11.00M) | ($29.81M) | ($42.98M) | - | $7.66M | ($14.29M) | ($9.46M) | - | ($9.31M) |
| Interest Expense | - | $8.76M | $8.16M | $8.63M | - | $7.61M | $7.39M | $6.80M | - | $6.52M |
| Income Tax | - | $3.91M | ($75.0K) | $4.69M | - | $2.47M | $6.47M | $3.57M | - | $4.79M |
| Net Income | - | ($14.31M) | ($48.29M) | ($61.40M) | - | ($9.41M) | ($20.26M) | ($8.41M) | - | ($11.93M) |
| EPS - Basic | - | ($0.06) | ($0.21) | ($0.27) | - | ($0.04) | ($0.09) | ($0.04) | - | ($0.05) |
| EPS - Diluted | - | ($0.06) | ($0.21) | ($0.27) | - | ($0.04) | ($0.09) | ($0.04) | - | ($0.05) |
Balance Sheet
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $145.81M | $115.09M | $114.67M | $190.84M | $172.50M | $123.93M | $163.01M | $163.76M | $178.66M | $198.04M |
| Accounts Receivable | $336.55M | $288.26M | $284.38M | $265.07M | $381.98M | $328.86M | $325.65M | $334.43M | $419.74M | $284.00M |
| Inventory | $308.21M | $356.12M | $384.26M | $420.67M | $431.16M | $456.88M | $427.39M | $412.94M | $374.86M | $331.06M |
| Accounts Payable | $284.99M | $259.23M | $237.90M | $239.24M | $299.00M | $282.12M | $279.64M | $275.18M | $304.88M | $246.12M |
| Current Assets | $945.82M | $922.08M | $950.79M | $1.01B | $1.12B | $1.04B | $1.06B | $1.07B | $1.13B | $981.87M |
| Total Assets | $1.53B | $1.51B | $1.52B | $1.57B | $1.68B | $1.57B | $1.59B | $1.60B | $1.67B | $1.50B |
| Current Liabilities | $626.77M | $584.43M | $604.45M | $614.30M | $673.99M | $614.83M | $629.41M | $634.23M | $703.94M | $578.18M |
| Long-term Debt | $667.93M | $667.21M | $660.42M | $659.58M | $658.76M | $657.94M | $675.99M | $661.74M | $667.72M | $667.07M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $116.52M | $133.85M | $131.59M | $161.54M | $216.59M | $181.23M | $167.18M | $186.26M | $179.65M | $114.20M |
| Retained Earnings | ($1.88B) | ($1.85B) | ($1.83B) | ($1.79B) | ($1.72B) | ($1.74B) | ($1.73B) | ($1.71B) | ($1.70B) | ($1.73B) |
Cash Flow
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $24.03M | - | - | - | ($1.77M) | - | - |
| Investing Cash Flow | - | - | - | ($8.08M) | - | - | - | ($16.81M) | - | - |
| Financing Cash Flow | - | - | - | ($3.02M) | - | - | - | $4.81M | - | - |
| CapEx | - | - | - | $8.08M | - | - | - | $16.81M | - | - |
| Free Cash Flow | - | - | - | $15.95M | - | - | - | ($18.58M) | - | - |
Ratios
| Metric | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 39.8% | 39.6% | 36.0% | - | 40.3% | 38.0% | 37.5% | - | 34.4% |
| Operating margin | - | -3.1% | -8.7% | -14.0% | - | 2.0% | -3.8% | -2.4% | - | -2.4% |
| EBITDA margin | - | 0.6% | -4.8% | -9.0% | - | 5.4% | -0.4% | 2.6% | - | 0.6% |
| Net margin | - | -4.0% | -14.1% | -20.0% | - | -2.4% | -5.4% | -2.1% | - | -3.1% |
| Free cash flow margin | - | - | - | 5.2% | - | - | - | -4.7% | - | - |
| FCF / Net income | - | - | - | -0.26 | - | - | - | 2.21 | - | - |
| R&D / Revenue | - | 20.7% | 21.8% | 25.2% | - | 19.6% | 21.1% | 20.7% | - | 19.5% |
| SG&A / Revenue | - | 9.6% | 10.0% | 10.7% | - | 7.5% | 8.3% | 7.5% | - | 7.4% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -1.0% | -3.2% | -3.9% | - | -0.6% | -1.3% | -0.5% | - | -0.8% |
| Return on equity | - | -10.7% | -36.7% | -38.0% | - | -5.2% | -12.1% | -4.5% | - | -10.4% |
| Return on invested capital | - | -1.1% | -3.0% | -4.1% | - | 0.7% | -1.3% | -0.9% | - | -0.9% |
| Liquidity | ||||||||||
| Current ratio | 1.51 | 1.58 | 1.57 | 1.65 | 1.65 | 1.69 | 1.68 | 1.69 | 1.61 | 1.70 |
| Quick ratio | 1.02 | 0.97 | 0.94 | 0.97 | 1.02 | 0.95 | 1.00 | 1.04 | 1.08 | 1.13 |
| Cash ratio | 0.23 | 0.20 | 0.19 | 0.31 | 0.26 | 0.20 | 0.26 | 0.26 | 0.25 | 0.34 |
| Leverage | ||||||||||
| Debt / Equity | 5.73 | 4.98 | 5.02 | 4.08 | 3.04 | 3.63 | 4.04 | 3.55 | 3.72 | 5.84 |
| Debt / Assets | 0.44 | 0.44 | 0.43 | 0.42 | 0.39 | 0.42 | 0.43 | 0.41 | 0.40 | 0.44 |
| Debt / EBITDA | - | 289.84 | - | - | - | 31.10 | - | 65.28 | - | 304.18 |
| Interest coverage | - | -1.3x | -3.7x | -5.0x | - | 1.0x | -1.9x | -1.4x | - | -1.4x |
| Equity multiplier | 13.16 | 11.25 | 11.54 | 9.69 | 7.75 | 8.65 | 9.49 | 8.58 | 9.29 | 13.13 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.24 | 0.23 | 0.20 | - | 0.25 | 0.24 | 0.25 | - | 0.26 |
| Inventory turnover | - | 0.60 | 0.54 | 0.47 | - | 0.51 | 0.55 | 0.59 | - | 0.77 |
| Days sales outstanding | - | 297d | 303d | 315d | - | 306d | 316d | 311d | - | 265d |
| Days inventory outstanding | - | 610d | 677d | 781d | - | 713d | 668d | 615d | - | 472d |
| Days payable outstanding | - | 444d | 419d | 444d | - | 440d | 437d | 410d | - | 351d |
| Cash conversion cycle | - | 463d | 561d | 652d | - | 578d | 547d | 516d | - | 387d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -9.7% | -8.9% | -21.7% | - | 0.5% | 5.1% | 15.7% | - | 9.7% |
| Revenue CAGR (3y) | - | -0.1% | 0.4% | -2.5% | - | 4.9% | 4.3% | 5.9% | - | 6.3% |
| Revenue CAGR (5y) | - | 1.7% | 3.0% | 1.0% | - | 14.4% | 12.6% | 14.1% | - | 15.2% |
| Gross profit growth (YoY) | - | -10.8% | -5.0% | -24.8% | - | 17.8% | 30.8% | 31.6% | - | 13.8% |
| Operating income growth (YoY) | - | - | -108.6% | -354.1% | - | - | 64.0% | 74.1% | - | 70.0% |
| Net income growth (YoY) | - | -52.1% | -138.3% | -630.0% | - | 21.1% | 63.6% | 79.9% | - | 77.8% |
| EPS growth (YoY) | - | -50.0% | -133.3% | -575.0% | - | 20.0% | 65.4% | 80.0% | - | 80.8% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | -6755.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -46.2% | -26.1% | -21.3% | -13.3% | 20.6% | 58.7% | 43.4% | 9.4% | -44.5% | -66.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-28.
Product / service
$2.84B totalProduct$1.10B · 38.9%
Direct Revenue$900.42M · 31.7%
Indirect Revenue$518.02M · 18.3%
Service$315.31M · 11.1%
Geographic
$1.42B totalUS$834.47M · 58.8%
EMEA$364.58M · 25.7%
Asia Pacific$139.13M · 9.8%
Americas Excluding United States$80.26M · 5.7%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing Infinera Corp against the 5 most active filers in the same SIC group.