MXL · XBRL financial data

MaxLinear financial statements, every fiscal year

The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (MXL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	479	—	—	—	—	—
Revenue from contracts with customers	479	892	1,120	693	361	468
Cost of revenue	266	397	470	308	166	202
Gross profit	213	496	650	386	195	266
Selling, general and administrative	130	150	168	132	138	160
Total operating expenses	314	431	470	424	418	393
Operating income (loss)	(101)	65	180	(38)	(223)	(127)
Interest income	0	0	0	6	6	3
Interest expense	13	13	10	11	11	10
Other income (expense)	(1)	1	3	(21)	(11)	(7)
Income tax expense (benefit)	(16)	6	49	9	6	(4)
Net income (loss)	(99)	42	125	(73)	(245)	(137)
Earnings per share, basic USD per share	(1.35)	0.55	1.60	(0.91)	(2.93)	(1.58)
Earnings per share, diluted USD per share	(1.35)	0.53	1.55	(0.91)	(2.93)	(1.58)
Weighted average shares, basic millions of shares	73	76	78	81	84	87
Weighted average shares, diluted millions of shares	73	80	81	81	84	87

Fiscal years (MXL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	149	131	187	187	119	73
Short-term investments	—	0	19	0	—	—
Accounts receivable	67	120	171	171	85	46
Inventory	98	132	161	100	90	78
Prepaid and other current assets	47	22	25	29	28	50
Total current assets	362	404	563	488	323	249
Property and equipment, net	39	61	79	66	59	49
Right-of-use asset	22	27	29	31	18	16
Goodwill	303	307	307	319	319	319
Total assets	1,022	1,050	1,180	1,080	865	796
Accounts payable	33	53	69	22	31	38
Accrued liabilities	106	57	100	98	87	72
Current portion of long-term debt	0	—	—	—	—	0
Total current liabilities	234	207	341	222	182	186
Long-term debt	364	306	122	122	123	124
Lease liability, non-current	21	25	23	26	17	12
Total liabilities	631	561	504	394	348	345
Accumulated deficit	(212)	(170)	(45)	(119)	(364)	(500)
Total stockholders' equity	391	489	676	686	516	452
Total liabilities and equity	1,022	1,050	1,180	1,080	865	796
Common shares outstanding (cover page) millions of shares	75	77	79	82	85	86

Fiscal years (MXL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(99)	42	125	(73)	(245)	(137)
Stock-based compensation	48	59	82	55	66	77
Depreciation and amortization	77	92	81	72	54	44
Net cash from operating activities	74	168	389	43	(45)	20
Purchases of property and equipment	12	39	41	13	18	13
Net cash from investing activities	(175)	(92)	(92)	(16)	(23)	(20)
Proceeds from issuing common stock	8	9	5	5	4	4
Share repurchases	3	24	32	0	0	20
Net cash from financing activities	160	(92)	(240)	(26)	1	(19)
Net change in cash	57	(18)	57	(0)	(69)	(18)

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Maxlinear	81	218	(14)*	91.0M	8.9 quarters	Q3 FY26 10-QSep 30, 2026
Penguin Solutions	647	567	(163)*	60.2M	4.0 quarters	Q4 FY26 10-KAug 28, 2026
Navitas Semiconductor	531	14	(19)*	not reported	23.4 quarters	Q3 FY26 10-QSep 30, 2026
Vicor	513	197	50*	not reported	—	Q3 FY26 10-QSep 30, 2026
Ultra Clean Holdings	271	759	(42)*	48.0M	5.0 quarters	Q3 FY26 10-QSep 25, 2026
Bel Fuse	333	221	34*	not reported	—	Q3 FY26 10-QSep 30, 2026
CTS	144	150	44*	28.5M	—	Q3 FY26 10-QSep 30, 2026
Nlight	296	83	21*	57.7M	—	Q2 FY26 10-QJun 30, 2026
Photronics	550	216	76*	59.0M	—	Q3 FY26 10-QAug 2, 2026

Not investment advice. Not affiliated with the U.S. SEC.