MXL MaxLinear, Inc - Common Stock
NASDAQ · Semiconductors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 23, 2026MXL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About MaxLinear, Inc - Common Stock Company overview from Wikipedia
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
History
Founding and growth
MaxLinear was founded in 2003 in Carlsbad, California by "eight semiconductor industry veterans." Kishore Seendripu was co-founder, and would become chairman, president, and chief executive. Among other companies, in the past Seendripu had worked on the technical staff at Broadcom. Prior to 2009, the majority of the company's revenue was from the sale of its "mobile handset digital television receivers" which contained MaxLinear's digital television RF receiver chips, in Japan. The biggest customers for the product were Panasonic, Murata, and MTC Co. However, in 2009, the company sold more chips for use in digital set top boxes in Europe, automotive navigation displays, and digital TVs. In 2009, the company shipped 75 million chips to companies such as Panasonic and Sony, with 99 percent of its sales in Asia.
In November 2009, MaxLinear announced it intended to go public. At the time of the IPO, MaxLinear’s venture investors included Mission Ventures in San Diego, U.S. Venture Partners, Battery Ventures and UMC Capital. MaxLinear raised around $35 million in venture capital prior to the IPO, spending around half of it. By the end of 2009, the company had $17.9 million in cash. That year, MaxLinear had $51.4 million in revenue and $4.3 million in profit.
IPO
The company held an initial public offering on March 24, 2010 on the New York Stock Exchange (NYSE) under the ticker symbol MXL. Initially the company expected to raise around $43 million with the IPO, with that projection later raised to $90 million after a last-minute increase in share price by the company. According to the San Diego Union-Tribune, "shares soared 34 percent on their debut. MaxLinear collected about $92 million from the offering, with its shares opening at $14 and peaking at $18.70 on the first day of trading." After the debut, MaxLinear said it planned to use the proceeds for "general corporate purposes," and perhaps for acquiring competitor businesses or products.
Post-IPO
By May 2010, the company employed 135 people. In May 2015, MaxLinear acquired Entropic Communications. In April 2016, MaxLinear bought Microsemi's wireless backhaul business, adding about 30 workers to its workforce. In May 2016, MaxLinear announced it would buy Broadcom's "wireless backhaul infrastructure for $80 million in cash." In the Broadcom deal, MaxLinear took on about 120 additional employees. On February 8, 2017, MaxLinear announced the acquisition of Marvell Technology Group's G.hn business, for $21.0 million in cash. On March 29, 2017, MaxLinear Inc. announced it would buy Exar Corporation for about $661.6 million cash. The acquisition of Exar Corp for $687 million was completed in May 2017.
It acquired Intel’s Home Gateway Platform Division (formerly Lantiq) in 2020.
In 2020 the company acquired NanoSemi for its machine learning techniques to improve signal integrity and power efficiency in communication and artificial intelligence systems.
As of 2022, MaxLinear is on the Multimedia over Coax Alliance board of directors as well as Arris, Broadcom, Comcast, Cox Communications, DirecTV, Echostar, Intel, and Verizon.
In May 2022, MaxLinear agreed to buy Silicon Motion, an American-Taiwanese company that develops NAND flash controllers, for $3.8 billion in a cash-and-stock deal. In July 2023, it scrapped the acquisition citing that Silicon Motion had failed to complete some of the acquisition closing conditions and suffered a "material adverse effect".
Locations
MaxLinear is based in Carlsbad, California, and operates in the United States, Austria, China, Israel, India, Japan, Korea, and Spain. A "fabless" company, it uses outside chipmaking facilities, known as foundries or fabs, to manufacture its chips. By 2010, it used "third-party contractors in Asia for manufacturing and assembly," with all its chips made by United Microelectronics Corporation (UMC) at foundries in Taiwan and Singapore.
Products
MaxLinear sells its products to original equipment manufacturers (OEMs), module makers and original design manufacturers (ODMs). The San Diego Union-Tribune writes that "MaxLinear’s product is very small radio-frequency TV tuner chips — half the size of an individual dial button on the keypad of a cell phone." According to Xconomy, "MaxLinear focuses on designing semiconductor chips that enable people to watch TV on devices with a wireless broadband connection." The "tiny chips" are further described as "high-performance radio frequency (RF) systems-on-a-chip for receiving and processing digital TV broadcasts, digital videos, and broadband data downloads," in order to "enable people to watch TV on a handheld wireless device."
San Diego Union-Tribune writes that the company aims to "take over from bulky 'can' tuners in TVs and other electronics. It plans to get its chips into computers, set-top boxes, mobile phones and in-vehicle video systems." Most of its customers were in Europe and Japan as of 2010, where the chips are used in "analog-to-digital set-top boxes." They are also used in televisions, mobile phones, computers, terrestrial digital and cable set-top boxes, car video systems, DOCSIS 3.0 voice and data cable modems, digital televisions, and netbooks. The company designs its analog and mixed-signal circuits in standard CMOS process technology for low-cost manufacturing.
Collaborations
In April 2013, SES S.A. announced the development by Inverto, Abilis and MaxLinear Inc of a prototype Sat-IP LNB (IP-LNB), which was demonstrated at a conference held at SES' headquarters in Luxembourg. The IP-LNB incorporates eight-channel satellite-to-IP bridging technology to deliver eight concurrent channels via IP unicast or multicast to fixed and portable client devices. As of July 2012, the prototype IP-LNB was being developed into a commercial product.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MXL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -89.05Y avg ≈24.0 | ≈24.0 | · | · | |
| P/S (TTM) | 16.95Y avg ≈3.9 | ≈3.9 | 10.0 | Overvalued | |
| P/B (MRQ) | 19.85Y avg ≈5.0 | ≈5.0 | 9.8 | Overvalued | |
| EV / EBITDA | -115.05Y avg ≈15.1 | ≈15.1 | · | · | |
| Price / FCF (TTM) | 2904.25Y avg ≈61.1 | ≈61.1 | · | · | |
| Price / Cash Flow (TTM) | 583.45Y avg ≈25.2 | ≈25.2 | 41.4 | Overvalued | |
| EV / Revenue | 20.45Y avg ≈3.9 | ≈3.9 | · | · | |
| EV / FCF | 1358.05Y avg ≈62.3 | ≈62.3 | · | · | |
| Price / Tangible Book (MRQ) | 21.85Y avg ≈47.9 | ≈47.9 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MXL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 57.5%5Y avg ≈56.0% | ≈56.0% | 57.8% | In line | |
| Operating Margin (TTM) | -13.6%5Y avg ≈-14.2% | ≈-14.2% | 12.3% | Weak | |
| EBITDA Margin (TTM) | -6.6%5Y avg ≈-3.8% | ≈-3.8% | 12.3% | Weak | |
| Pretax Margin (TTM) | -15.2%5Y avg ≈-16.9% | ≈-16.9% | 12.8% | Weak | |
| Net Profit Margin (TTM) | -18.2%5Y avg ≈-18.4% | ≈-18.4% | 10.9% | Weak | |
| ROA (TTM) | -12.3%5Y avg ≈-6.6% | ≈-6.6% | 5.8% | Weak | |
| ROE (TTM) | -21.3%5Y avg ≈-11.4% | ≈-11.4% | 8.2% | Weak | |
| ROIC | -21.4%5Y avg ≈-7.9% | ≈-7.9% | 7.9% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MXL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.35Y avg ≈0.3 | ≈0.3 | 0.3 | In line | |
| Current Ratio (MRQ) | 1.85Y avg ≈1.8 | ≈1.8 | 3.5 | Low liquidity | |
| Quick Ratio | 0.65Y avg ≈1.1 | ≈1.1 | 2.0 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.35Y avg ≈0.3 | ≈0.3 | 0.3 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MXL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 29.7%5Y avg ≈11.1% | ≈11.1% | · | · | |
| Revenue CAGR 3Y | -25.3%5Y avg ≈-12.7% | ≈-12.7% | · | · | |
| Revenue CAGR 5Y | -0.46% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MXL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.7 | ≈0.7 | 0.6 | Weak | |
| Inventory Turnover | 2.45Y avg ≈2.6 | ≈2.6 | 3.3 | Weak | |
| Receivables Turnover | 7.15Y avg ≈6.2 | ≈6.2 | 7.1 | In line | |
| Revenue / Employee | ≈$419.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 21, 2026 | $0.35 | $0.33 | 5.0% |
| March 31, 2026 | $0.22 | $0.18 | 22.4% | |
| Dec. 31, 2025 | $0.19 | $0.18 | 5.1% | |
| Sept. 30, 2025 | $0.14 | $0.12 | 16.5% | |
| June 30, 2025 | $0.02 | $0.02 | 9.9% | |
| March 31, 2025 | $-0.05 | $-0.05 | -3.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468M | $361M | $693M | $1.12B | $892M | $479M | $317M | $385M | $420M | $388M | $300M | $133M | |
| Cost of Revenue | $202M | $166M | $308M | $470M | $397M | $266M | $149M | $176M | $212M | $158M | $145M | $51M | |
| Gross Profit | $266M | $195M | $386M | $650M | $496M | $213M | $168M | $209M | $208M | $230M | $155M | $82M | |
| SG&A Expense | $160M | $138M | $132M | $168M | $150M | $130M | $89M | $102M | $106M | $64M | $78M | $34M | |
| Operating Expenses | $393M | $418M | $424M | $470M | $431M | $314M | $190M | $228M | $230M | $167M | $199M | $91M | |
| Operating Income | $-127M | $-223M | $-38M | $180M | $65M | $-101M | $-22M | $-19M | $-22M | $63M | $-44M | $-9M | |
| Interest Expense | · | · | $11M | $10M | $13M | $13M | $11M | $14M | $10M | $104.0K | $100.0K | $15.0K | |
| Interest Income | $3M | $6M | $6M | $245.0K | $78.0K | $409.0K | $775.0K | $78.0K | $274.0K | $572.0K | $275.0K | $236.0K | |
| Other Non-op | $-7M | $-11M | $-21M | $3M | $764.0K | $-1M | $-69.0K | $422.0K | $-2M | $163.0K | $568.0K | $-123.0K | |
| Pretax Income | $-141M | $-239M | $-64M | $174M | $48M | $-115M | $-32M | $-33M | $-34M | $64M | $-43M | $-9M | |
| Income Tax | $-4M | $6M | $9M | $49M | $6M | $-16M | $-13M | $-7M | $-25M | $2M | $-575.0K | $-2M | |
| Net Income | $-137M | $-245M | $-73M | $125M | $42M | $-99M | $-20M | $-26M | $-9M | $61M | $-42M | $-7M | |
| EPS (Basic) | $-1.58 | $-2.93 | $-0.91 | $1.60 | $0.55 | $-1.35 | $-0.28 | $-0.38 | $-0.14 | $0.96 | $-0.79 | $-0.19 | |
| EPS (Diluted) | $-1.58 | $-2.93 | $-0.91 | $1.55 | $0.53 | $-1.35 | $-0.28 | $-0.38 | $-0.14 | $0.91 | $-0.79 | $-0.19 | |
| Shares (Basic) | 86,588,000 | 83,600,000 | 80,719,000 | 78,039,000 | 76,037,000 | 73,133,000 | 71,005,000 | 68,490,000 | 66,252,000 | 63,781,000 | 53,378,000 | 36,472,000 | |
| Shares (Diluted) | 86,588,000 | 83,600,000 | 80,719,000 | 80,852,000 | 79,679,000 | 73,133,000 | 71,005,000 | 68,490,000 | 66,252,000 | 67,653,000 | 53,378,000 | 36,472,000 | |
| EBITDA | $-83M | $-169M | $33M | $261M | $157M | $-25M | $44M | $60M | $45M | $90M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $73M | $119M | $187M | $187M | $131M | $149M | $93M | $73M | $72M | $81M | $68M | $21M | |
| Short-term Investments | · | · | $0 | $19M | $0 | · | · | · | $0 | $48M | $43M | $48M | |
| Receivables | $46M | $85M | $171M | $171M | $120M | $67M | $50M | $59M | $66M | $50M | $42M | $19M | |
| Inventory | $78M | $90M | $100M | $161M | $132M | $98M | $32M | $42M | $53M | $27M | $32M | $11M | |
| Prepaid Expense | $50M | $28M | $29M | $25M | $22M | $47M | $7M | $10M | $8M | $6M | $4M | $2M | |
| Other Current Assets | · | · | · | · | $10M | $7M | $3M | · | · | · | · | · | |
| Current Assets | $249M | $323M | $488M | $563M | $404M | $362M | $182M | $185M | $201M | $213M | $190M | $101M | |
| PP&E (Net) | $49M | $59M | $66M | $79M | $61M | $39M | $17M | $18M | $23M | $21M | $22M | $12M | |
| PP&E (Gross) | $207M | $196M | $183M | $181M | $145M | $109M | $76M | $72M | $67M | $53M | $47M | $28M | |
| Accum. Depreciation | $158M | $136M | $116M | $102M | $84M | $70M | $59M | $54M | $44M | $33M | $25M | $15M | |
| Goodwill | $319M | $319M | $319M | $307M | $307M | $303M | $238M | $238M | $238M | $76M | $50M | $1M | |
| Intangibles | $49M | $55M | $74M | $109M | $153M | $207M | $188M | $245M | $315M | $104M | $51M | $10M | |
| Other Non-current Assets | $11M | $21M | $33M | $27M | $9M | $2M | $3M | $5M | $7M | $2M | $2M | $513.0K | |
| Total Assets | $796M | $865M | $1.08B | $1.18B | $1.05B | $1.02B | $706M | $744M | $825M | $423M | $335M | $136M | |
| Accounts Payable | $38M | $31M | $22M | $69M | $53M | $33M | $13M | $16M | $17M | $7M | $6M | $8M | |
| Accrued Liabilities | $72M | $87M | $98M | $100M | $57M | $106M | $31M | $28M | $20M | $16M | $15M | $6M | |
| Current Liabilities | $186M | $182M | $222M | $341M | $207M | $234M | $67M | $75M | $76M | $55M | $56M | $33M | |
| Capital Leases | $12M | $17M | $26M | $23M | $25M | $21M | $9M | $4M | · | · | · | · | |
| Other Non-current Liabilities | $23M | $26M | $23M | $17M | $23M | $13M | $8M | $8M | $9M | $6M | $4M | $1M | |
| Total Liabilities | $345M | $348M | $394M | $504M | $561M | $631M | $291M | $344M | $437M | $70M | $72M | · | |
| Long-term Debt | $124M | · | · | · | · | $370M | $207M | · | · | · | · | · | |
| Total Debt | $124M | $123M | $122M | $122M | $306M | $364M | $207M | $256M | $348M | · | · | · | |
| Common Stock | $9.0K | $8.0K | $8.0K | $8.0K | $8.0K | $7.0K | $7.0K | $7.0K | $7.0K | $0 | $0 | $0 | |
| Retained Earnings | $-500M | $-364M | $-119M | $-45M | $-170M | $-212M | $-114M | $-94M | $-69M | $-60M | $-121M | $-79M | |
| AOCI | $1M | $-7M | $-4M | $-1M | $2M | $1M | $-887.0K | $272.0K | $1M | $-2M | $-822.0K | $-25.0K | |
| Stockholders' Equity | $452M | $516M | $686M | $676M | $489M | $391M | $415M | $400M | $387M | $352M | $263M | $99M | |
| Liabilities + Equity | $796M | $865M | $1.08B | $1.18B | $1.05B | $1.02B | $706M | $744M | $825M | $423M | $335M | $136M | |
| Shares Outstanding | 86,451,000 | 84,613,000 | 81,818,000 | 78,745,000 | 76,778,000 | 74,536,000 | 71,931,000 | 69,551,000 | 67,400,000 | 0 | 0 | 0 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $44M | $54M | $72M | $81M | $92M | $77M | $66M | $79M | $67M | $27M | $41M | $5M | |
| Stock-based Comp | $77M | $66M | $55M | $82M | $59M | $48M | $32M | $32M | $33M | $22M | $19M | $15M | |
| Deferred Tax | $-9M | $833.0K | $-4M | $23M | $-2M | $-19M | $-16M | $-12M | $-32M | $101.0K | $-2M | $-2M | |
| Amort. of Intangibles | $13M | $23M | $39M | $52M | $67M | $61M | $57M | $68M | $55M | $16M | $30M | $400.0K | |
| Restructuring | $25M | $53M | $20M | $2M | $2M | $4M | $3M | $4M | $10M | $3M | $14M | $0 | |
| Other Non-cash | $44M | $79M | $-6M | $78M | $-23M | $67M | $15M | $30M | $17M | $7M | · | · | |
| Operating Cash Flow | $20M | $-45M | $43M | $389M | $168M | $74M | $78M | $103M | $75M | $117M | $55M | $12M | |
| CapEx | $13M | $18M | $13M | $41M | $39M | $12M | $7M | $8M | $7M | $9M | $3M | $9M | |
| Investing Cash Flow | $-20M | $-23M | $-16M | $-92M | $-92M | $-175M | $-7M | $-8M | $-432M | $-101M | $-11M | $-17M | |
| Stock Issued | $4M | $4M | $5M | $5M | $9M | $8M | $9M | $7M | $12M | $7M | $10M | $3M | |
| Stock Repurchased | $20M | $0 | $0 | $32M | $24M | $0 | $0 | $0 | $334.0K | $3.0K | $101.0K | $0 | |
| Net Stock Activity | $-16M | $4M | $5M | $-27M | $-15M | $5M | $9M | $7M | $12M | $7M | · | · | |
| Financing Cash Flow | $-19M | $1M | $-26M | $-240M | $-92M | $160M | $-53M | $-94M | $347M | $-670.0K | $4M | $-506.0K | |
| Net Change in Cash | $-18M | $-69M | $-1.0K | $57M | $-18M | $57M | $19M | $-221.0K | $-8M | $15M | $47M | $-6M | |
| Taxes Paid | $6M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $7M | $-63M | $30M | $347M | $129M | $61M | $71M | $95M | $68M | $109M | · | · | |
| Levered FCF | · | · | $18M | $340M | $118M | $50M | $65M | $83M | $65M | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.8% | 54.0% | 55.6% | 58.0% | 55.6% | 44.5% | 52.9% | 54.2% | 49.5% | 59.3% | · | · | |
| Operating Margin | -27.1% | -62.0% | -5.5% | 16.1% | 7.3% | -21.1% | -7.0% | -5.0% | -5.2% | 16.3% | · | · | |
| Net Margin | -29.2% | -68.0% | -10.5% | 11.2% | 4.7% | -20.6% | -6.3% | -6.8% | -2.2% | 15.8% | · | · | |
| Pretax Margin | -30.1% | -66.2% | -9.2% | 15.6% | 5.4% | -24.0% | -10.2% | -8.5% | -8.1% | 16.4% | · | · | |
| EBITDA Margin | -17.7% | -46.9% | 4.8% | 23.3% | 17.6% | -5.1% | 14.0% | 15.6% | 10.7% | 23.1% | · | · | |
| ROA | -16.5% | -25.2% | -6.5% | 11.2% | 4.0% | -11.4% | -2.8% | -3.4% | -1.5% | 16.2% | · | · | |
| ROE | -29.1% | -45.7% | -10.5% | 19.4% | 8.9% | -25.0% | -4.8% | -6.6% | -2.5% | 19.9% | · | · | |
| ROIC | -21.4% | -35.9% | -5.4% | 16.2% | 7.2% | -11.5% | -2.2% | -2.3% | -0.80% | 17.2% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.8 | 2.2 | 1.7 | 1.9 | 1.5 | 2.7 | 2.6 | 2.6 | 3.9 | · | · | |
| Quick Ratio | 0.6 | 1.1 | 1.6 | 1.1 | 1.2 | 0.9 | 2.2 | 1.9 | 1.8 | 3.3 | · | · | |
| Debt / Equity | 0.3 | 0.2 | 0.2 | 0.2 | 0.6 | 0.9 | 0.5 | 0.6 | 0.9 | · | · | · | |
| LT Debt / Equity | 0.3 | 0.2 | 0.2 | 0.2 | 0.6 | 0.9 | 0.5 | 0.6 | 0.9 | · | · | · | |
| Interest Coverage | · | · | -3.6 | 18.5 | 5.0 | -7.8 | -2.0 | -1.3 | -2.1 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.4 | 0.6 | 1.0 | 0.9 | 0.6 | 0.4 | 0.5 | 0.7 | 1.0 | · | · | |
| Inventory Turnover | 2.4 | 1.7 | 2.4 | 3.2 | 3.5 | 4.1 | 4.1 | 3.7 | 5.3 | 5.3 | · | · | |
| Receivables Turnover | 7.1 | 2.8 | 4.1 | 7.7 | 9.5 | 8.1 | 5.8 | 6.1 | 7.2 | 8.4 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $5.23 | $6.10 | $8.39 | $8.59 | $6.37 | $5.25 | $5.77 | $5.75 | $5.75 | · | · | · | |
| Revenue / Share | $5.40 | $4.31 | $8.59 | $13.86 | $11.20 | $6.54 | $4.47 | $5.62 | $6.34 | $5.73 | · | · | |
| Cash Flow / Share | $0.23 | $-0.54 | $0.54 | $4.81 | $2.11 | $1.01 | $1.10 | $1.50 | $1.13 | $1.73 | · | · | |
| Cash / Share | $0.84 | $1.40 | $2.29 | $2.38 | $1.70 | $2.00 | $1.29 | $1.05 | $1.07 | · | · | · | |
| EPS (TTM) | $-1.58 | $-2.93 | $-0.91 | $1.55 | $0.53 | $-1.35 | $-0.28 | $-0.38 | $-0.14 | $0.91 | $-0.79 | $-0.19 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 29.7% | -48.0% | -38.1% | 25.5% | 86.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -25.3% | -26.1% | 13.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -0.46% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | 192.5% | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | 197.9% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $468M | $361M | $693M | $1.12B | $892M | $479M | $317M | $385M | $420M | $388M | $300M | $133M | |
| Net Income TTM | $-137M | $-245M | $-73M | $125M | $42M | $-99M | $-20M | $-26M | $-9M | $61M | $-42M | $-7M | |
| Market Cap | $1.51B | $1.67B | $1.94B | $2.67B | $5.79B | $2.85B | $1.53B | $1.22B | $1.78B | $0 | · | · | |
| Enterprise Value | $1.56B | $1.68B | $1.88B | $2.59B | $5.96B | $3.06B | $1.64B | $1.41B | $2.06B | · | · | · | |
| P/E | -11.0 | -6.8 | -26.1 | 21.9 | 142.2 | -28.3 | -75.8 | -46.3 | -188.7 | 24.0 | -18.6 | -39.0 | |
| P/S | 3.2 | 4.6 | 2.8 | 2.4 | 6.5 | 5.9 | 4.8 | 3.2 | 4.2 | 0.0 | · | · | |
| P/B | 3.3 | 3.2 | 2.8 | 4.0 | 11.8 | 7.3 | 3.7 | 3.1 | 4.6 | · | · | · | |
| P / Tangible Book | 17.9 | 11.7 | 6.6 | 10.3 | 193.0 | · | · | · | · | · | · | · | |
| P / Cash Flow | 76.8 | -36.9 | 44.8 | 6.9 | 34.4 | 38.7 | 19.5 | 11.9 | 23.7 | 0.0 | · | · | |
| P / FCF | 214.6 | -26.6 | 65.0 | 7.7 | 44.9 | 46.6 | 21.4 | 12.9 | 26.3 | 0.0 | · | · | |
| EV / EBITDA | -18.8 | -9.9 | 56.5 | 9.9 | 38.0 | -124.3 | 37.0 | 23.5 | 45.6 | · | · | · | |
| EV / FCF | 221.9 | -26.6 | 62.8 | 7.5 | 46.2 | 50.1 | 23.0 | 14.8 | 30.4 | · | · | · | |
| EV / Revenue | 3.3 | 4.7 | 2.7 | 2.3 | 6.7 | 6.4 | 5.2 | 3.7 | 4.9 | · | · | · | |
| Earnings Yield | -9.1% | -14.8% | -3.8% | 4.6% | 0.70% | -3.5% | -1.3% | -2.2% | -0.53% | 4.2% | -5.4% | -2.6% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $169M | $137M | $136M | $126M | $109M | $96M | $92M | $81M | $92M | $95M | $125M | $136M | $184M | $248M | $291M | $286M | |
| Cost of Revenue | $71M | $58M | $58M | $55M | $47M | $42M | $41M | $37M | $42M | $46M | $57M | $62M | $81M | $108M | $127M | $118M | |
| Gross Profit | $98M | $79M | $79M | $72M | $62M | $54M | $51M | $44M | $50M | $49M | $69M | $74M | $103M | $140M | $163M | $167M | |
| SG&A Expense | $46M | $42M | $42M | $48M | $33M | $37M | $38M | $30M | $34M | $36M | $34M | $25M | $34M | $39M | $44M | $38M | |
| Operating Expenses | $102M | $96M | $93M | $113M | $86M | $100M | $92M | $111M | $91M | $124M | $110M | $92M | $109M | $113M | $122M | $116M | |
| Operating Income | $-4M | $-17M | $-15M | $-41M | $-25M | $-46M | $-41M | $-67M | $-41M | $-75M | $-42M | $-18M | $-6M | $27M | $41M | $52M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $3M | · | $3M | $3M | $2M | · | $3M | |
| Interest Income | $474.0K | $633.0K | $835.0K | $874.0K | $812.0K | $864.0K | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $633.0K | $70.0K | $62.0K | |
| Other Non-op | $-570.0K | $121.0K | $-1M | $-324.0K | $-4M | $-1M | $2M | $-15M | $329.0K | $1M | $240.0K | $-23M | $2M | $-324.0K | $2M | $-5M | |
| Pretax Income | $-7M | $-19M | $-18M | $-43M | $-31M | $-49M | $-41M | $-82M | $-41M | $-74M | $-43M | $-42M | $-5M | $25M | $41M | $45M | |
| Income Tax | $-8M | $26M | $-3M | $2M | $-4M | $711.0K | $17M | $-7M | $-2M | $-2M | $-4M | $-2M | $-409.0K | $16M | $10M | $16M | |
| Net Income | $2M | $-45M | $-15M | $-45M | $-27M | $-50M | $-58M | $-76M | $-39M | $-72M | $-38M | $-40M | $-4M | $10M | $31M | $28M | |
| EPS (Basic) | $0.02 | $-0.52 | $-0.17 | $-0.52 | $-0.31 | $-0.58 | $-0.68 | $-0.90 | $-0.47 | $-0.88 | $-0.49 | $-0.49 | $-0.05 | $0.12 | $0.39 | $0.36 | |
| EPS (Diluted) | $0.02 | $-0.52 | $-0.17 | $-0.52 | $-0.31 | $-0.58 | $-0.68 | $-0.90 | $-0.47 | $-0.88 | $-0.49 | $-0.49 | $-0.05 | $0.12 | $0.38 | $0.35 | |
| Shares (Basic) | 90,043,000 | 87,595,000 | · | 87,186,000 | 86,626,000 | 85,271,000 | · | 84,074,000 | 83,477,000 | 82,349,000 | · | 81,249,000 | 80,446,000 | 79,471,000 | · | 78,436,000 | |
| Shares (Diluted) | 97,333,000 | 87,595,000 | · | 87,186,000 | 86,626,000 | 85,271,000 | · | 84,074,000 | 83,477,000 | 82,349,000 | · | 81,249,000 | 80,446,000 | 81,338,000 | · | 80,060,000 | |
| EBITDA | $-4M | $-6M | · | $-41M | $-25M | $-35M | · | $-67M | $-41M | $-58M | · | $-18M | $-6M | $46M | · | $52M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $65M | $61M | $73M | $112M | $109M | $103M | $119M | $148M | $185M | $192M | · | $187M | $225M | $208M | · | $181M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $15M | $20M | $19M | · | $19M | |
| Receivables | $51M | $41M | $46M | $53M | $106M | $99M | $85M | $48M | $85M | $126M | · | $158M | $156M | $189M | · | $178M | |
| Inventory | $105M | $86M | $78M | $86M | $86M | $86M | $90M | $96M | $95M | $96M | · | $115M | $126M | $150M | · | $166M | |
| Prepaid Expense | $76M | $60M | $50M | $32M | $30M | $31M | $28M | $35M | $32M | $29M | · | $33M | $26M | $28M | · | $18M | |
| Current Assets | $299M | $249M | $249M | $284M | $330M | $320M | $323M | $328M | $398M | $445M | · | $509M | $554M | $594M | · | $563M | |
| PP&E (Net) | $41M | $44M | $49M | $51M | $51M | $56M | $59M | $63M | $65M | $68M | · | $69M | $74M | $78M | · | $67M | |
| PP&E (Gross) | $210M | $207M | $207M | $205M | $201M | $198M | $196M | $195M | $191M | $189M | · | $180M | $182M | $185M | · | $163M | |
| Accum. Depreciation | $169M | $163M | $158M | $154M | $150M | $142M | $136M | $131M | $125M | $121M | · | $110M | $108M | $107M | · | $96M | |
| Goodwill | $319M | $319M | $319M | $319M | $319M | $319M | $319M | $319M | $319M | $319M | · | $318M | $318M | $319M | $307M | $307M | |
| Intangibles | $44M | $46M | $49M | $52M | $54M | $52M | $55M | $58M | $62M | $65M | · | $83M | $91M | $96M | · | $122M | |
| Other Non-current Assets | $11M | $11M | $11M | $13M | $16M | $22M | $21M | $22M | $31M | $34M | · | $33M | $32M | $28M | · | $28M | |
| Total Assets | $823M | $771M | $796M | $808M | $864M | $855M | $865M | $895M | $973M | $1.03B | · | $1.10B | $1.16B | $1.20B | · | $1.18B | |
| Accounts Payable | $40M | $33M | $38M | $31M | $27M | $18M | $31M | $31M | $36M | $32M | · | $45M | $46M | $55M | · | $91M | |
| Accrued Liabilities | $58M | $60M | $72M | $77M | $120M | $107M | $87M | $71M | $71M | $98M | · | $86M | $91M | $113M | · | $94M | |
| Current Liabilities | $168M | $147M | $186M | $184M | $213M | $197M | $182M | $169M | $190M | $224M | · | $233M | $242M | $300M | · | $351M | |
| Capital Leases | $15M | $18M | $12M | $12M | $14M | $16M | $17M | $19M | $22M | $24M | · | $28M | $31M | $21M | · | $25M | |
| Other Non-current Liabilities | $30M | $29M | $23M | $24M | $24M | $26M | $26M | $28M | $21M | $22M | · | $18M | $21M | $21M | · | $19M | |
| Total Liabilities | $338M | $317M | $345M | $343M | $375M | $362M | $348M | $338M | $356M | $393M | · | $401M | $415M | $464M | · | $567M | |
| Long-term Debt | $124M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $124M | $124M | · | $123M | $123M | $123M | · | $123M | $123M | $123M | · | $122M | $122M | $122M | · | $172M | |
| Common Stock | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $8.0K | $8.0K | $8.0K | $8.0K | · | $8.0K | $8.0K | $8.0K | · | $8.0K | |
| Retained Earnings | $-544M | $-546M | $-500M | $-486M | $-440M | $-413M | $-364M | $-306M | $-230M | $-191M | · | $-80M | $-40M | $-36M | · | $-76M | |
| AOCI | $1M | $121.0K | $1M | $160.0K | $334.0K | $-6M | $-7M | $-4M | $-7M | $-6M | · | $-8M | $-2M | $-1M | · | $-5M | |
| Stockholders' Equity | $485M | $454M | $452M | $465M | $488M | $493M | $516M | $557M | $617M | $638M | $686M | $703M | $746M | $734M | $676M | $616M | |
| Liabilities + Equity | $823M | $771M | $796M | $808M | $864M | $855M | $865M | $895M | $973M | $1.03B | · | $1.10B | $1.16B | $1.20B | · | $1.18B | |
| Shares Outstanding | 90,692,000 | 89,529,000 | 86,451,000 | 87,373,000 | 86,908,000 | 86,374,000 | 84,613,000 | 84,362,000 | 83,898,000 | 83,067,000 | 81,818,000 | 81,561,000 | 80,930,000 | 79,981,000 | 78,745,000 | 78,565,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $7M | $11M | $11M | $11M | $11M | $11M | $12M | $12M | $14M | $17M | $17M | $17M | $19M | $19M | $19M | $18M | |
| Stock-based Comp | $27M | $20M | $20M | $22M | $13M | $23M | $19M | $13M | $17M | $17M | $16M | $5M | $17M | $16M | $24M | $20M | |
| Deferred Tax | $-10M | $25M | $-3M | $275.0K | $-6M | $-678.0K | $14M | $-8M | $-2M | $-3M | $-11M | $-2M | $758.0K | $8M | $166.0K | $16M | |
| Amort. of Intangibles | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | $6M | $9M | $9M | $9M | $10M | $10M | $11M | $11M | |
| Restructuring | $64.0K | $474.0K | $-198.0K | $11M | $6M | $8M | $3M | $27M | $865.0K | $23M | $11M | $54.0K | $4M | $5M | $1M | $631.0K | |
| Other Non-cash | · | $-20M | · | · | · | $5M | · | · | · | $57M | · | · | · | $-11M | · | · | |
| Operating Cash Flow | $5M | $-9M | $10M | $10M | $10M | $-11M | $-28M | $-31M | $-3M | $16M | $-17M | $-13M | $31M | $42M | $69M | $62M | |
| CapEx | $2M | $1M | $4M | $6M | $1M | $2M | $2M | $4M | $3M | $8M | $1M | $2M | $5M | $5M | $17M | $9M | |
| Investing Cash Flow | $-3M | $-4M | $-4M | $-7M | $-7M | $-2M | $-3M | $-6M | $-6M | $-9M | $15M | $-3M | $-13M | $-16M | $-17M | $-15M | |
| Stock Issued | $4M | $0 | $1M | $27.0K | $2M | $-10.0K | $3M | $0 | $2M | $0 | $1M | $92.0K | $3M | $3.0K | $2M | $81.0K | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | · | · | · | · | $0 | · | · | · | $3.0K | · | · | |
| Financing Cash Flow | $2M | $2M | $-19M | $15.0K | $2M | $-2M | $1M | $-58.0K | $2M | $-2M | $1M | $-21M | $108.0K | $-6M | $-49M | $-75M | |
| Net Change in Cash | $4M | $-11M | $-12M | $3M | $6M | $-16M | $-30M | $-37M | $-7M | $5M | $204.0K | $-37M | $17M | $20M | $6M | $-30M | |
| Free Cash Flow | · | $-10M | · | · | · | $-13M | · | · | · | $8M | · | · | · | $37M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $5M | · | · | · | $36M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.8% | 57.5% | · | 56.9% | 56.5% | 56.1% | · | 54.4% | 54.6% | 51.7% | · | 54.6% | 55.9% | 56.5% | · | 58.6% | |
| Operating Margin | -2.5% | -12.5% | · | -32.6% | -22.6% | -48.0% | · | -82.3% | -44.4% | -78.3% | · | -13.2% | -3.2% | 11.0% | · | 18.2% | |
| Net Margin | 1.0% | -32.9% | · | -36.0% | -24.4% | -51.8% | · | -93.4% | -42.7% | -75.9% | · | -29.4% | -2.4% | 3.8% | · | 9.9% | |
| Pretax Margin | -3.9% | -13.6% | · | -34.3% | -28.2% | -51.1% | · | -101.7% | -44.9% | -77.8% | · | -30.6% | -2.6% | 10.1% | · | 15.6% | |
| EBITDA Margin | -2.5% | -4.6% | · | -32.6% | -22.6% | -36.4% | · | -82.3% | -44.4% | -60.8% | · | -13.2% | -3.2% | 18.7% | · | 18.2% | |
| ROA | 0.21% | -5.5% | · | -5.3% | -2.9% | -5.3% | · | -7.6% | -3.7% | -6.5% | · | -3.5% | -0.37% | 0.83% | · | 2.5% | |
| ROE | 0.36% | -9.5% | · | -8.9% | -4.8% | -8.8% | · | -12.0% | -5.8% | -10.5% | · | -6.0% | -0.66% | 1.5% | · | 5.3% | |
| ROIC | 0.18% | -7.2% | · | -7.4% | -3.5% | -7.6% | · | -9.0% | -5.2% | -9.6% | · | -2.1% | -0.63% | 1.2% | · | 4.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.7 | · | 1.5 | 1.5 | 1.6 | · | 1.9 | 2.1 | 2.0 | · | 2.2 | 2.3 | 2.0 | · | 1.6 | |
| Quick Ratio | 0.7 | 0.7 | · | 0.9 | 1.0 | 1.0 | · | 1.2 | 1.4 | 1.4 | · | 1.5 | 1.7 | 1.4 | · | 1.1 | |
| Debt / Equity | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| LT Debt / Equity | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -27.5 | · | -6.6 | -2.3 | 11.0 | · | 19.2 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.3 | |
| Inventory Turnover | 0.7 | 0.7 | · | 0.6 | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.6 | 0.7 | · | 0.8 | |
| Receivables Turnover | 2.2 | 2.0 | · | 2.5 | 1.1 | 0.9 | · | 0.8 | 0.8 | 0.6 | · | 0.8 | 1.3 | 1.6 | · | 2.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $5.35 | $5.07 | · | $5.32 | $5.62 | $5.71 | · | $6.60 | $7.36 | $7.68 | · | $8.62 | $9.22 | $9.18 | · | $7.84 | |
| Revenue / Share | $1.73 | $1.57 | · | $1.45 | $1.26 | $1.12 | · | $0.96 | $1.10 | $1.16 | · | $1.67 | $2.29 | $3.05 | · | $3.57 | |
| Cash Flow / Share | · | $-0.10 | · | · | · | $-0.13 | · | · | · | $0.19 | · | · | · | $0.52 | · | · | |
| Cash / Share | $0.71 | $0.68 | · | $1.28 | $1.25 | $1.19 | · | $1.76 | $2.21 | $2.31 | · | $2.29 | $2.77 | $2.60 | · | $2.31 | |
| EPS (TTM) | $-1.19 | $-1.52 | · | $-2.09 | $-2.47 | $-2.63 | · | $-2.74 | $-2.33 | $-1.91 | · | $-0.04 | $0.80 | $1.25 | · | $1.52 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $569M | $509M | · | $423M | $378M | $361M | · | $394M | $448M | $540M | · | $858M | $1.01B | $1.10B | · | $1.08B | |
| Net Income TTM | $-104M | $-132M | · | $-180M | $-210M | $-223M | · | $-226M | $-190M | $-155M | · | $-4M | $65M | $101M | · | $122M | |
| Market Cap | $11.61B | $1.56B | · | $1.40B | $1.23B | $938M | · | $1.22B | $1.69B | $1.55B | · | $1.81B | $2.55B | $2.82B | · | $2.56B | |
| Enterprise Value | $11.67B | $1.62B | · | $1.42B | $1.25B | $958M | · | $1.20B | $1.63B | $1.48B | · | $1.74B | $2.43B | $2.71B | · | $2.53B | |
| P/E | -107.6 | -11.4 | · | -7.7 | -5.8 | -4.1 | · | -5.3 | -8.6 | -9.8 | · | -556.2 | 39.5 | 28.2 | · | 21.5 | |
| P/S | 20.4 | 3.1 | · | 3.3 | 3.3 | 2.6 | · | 3.1 | 3.8 | 2.9 | · | 2.1 | 2.5 | 2.5 | · | 2.4 | |
| P/B | 23.9 | 3.4 | · | 3.0 | 2.5 | 1.9 | · | 2.2 | 2.7 | 2.4 | · | 2.6 | 3.4 | 3.8 | · | 4.2 | |
| P / Tangible Book | 94.8 | 17.5 | · | 14.9 | 10.7 | 7.6 | · | 6.8 | 7.1 | 6.1 | · | 6.0 | 7.6 | 8.8 | · | 13.7 | |
| P / Cash Flow | · | -175.5 | · | · | · | -82.3 | · | · | · | 97.1 | · | · | · | 66.8 | · | · | |
| EV / Revenue | 20.5 | 3.2 | · | 3.3 | 3.3 | 2.7 | · | 3.0 | 3.6 | 2.7 | · | 2.0 | 2.4 | 2.5 | · | 2.4 | |
| Earnings Yield | -0.93% | -8.7% | · | -13.0% | -17.4% | -24.2% | · | -18.9% | -11.6% | -10.2% | · | -0.18% | 2.5% | 3.5% | · | 4.7% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $468M | $361M | $693M | $1.12B | $892M |
| Gross Margin % | 56.8% | 54.0% | 55.6% | 58.0% | 55.6% |
| Operating Margin % | -27.1% | -62.0% | -5.5% | 16.1% | 7.3% |
| Net Income | $-137M | $-245M | $-73M | $125M | $42M |
| Diluted EPS | $-1.58 | $-2.93 | $-0.91 | $1.55 | $0.53 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.2 | 0.2 | 0.2 | 0.6 |
| Current Ratio | 1.3 | 1.8 | 2.2 | 1.7 | 1.9 |
| Quick Ratio | 0.6 | 1.1 | 1.6 | 1.1 | 1.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $7M | $-63M | $30M | $347M | $129M |
Institutional owners (13F) 468 filers · $9.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 244 (+206 vs prior Q) | 29 (-1 vs prior Q) | 92 (+8 vs prior Q) | 100 (+22 vs prior Q) | +5.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,754,062,084 | 13,700,399 | 18.16% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $886,406,487 | 6,923,428 | 9.18% | Shares |
| STATE STREET CORP | $553,790,052 | 4,325,471 | 5.73% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $489,446,143 | 3,822,902 | 5.07% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $285,010,375 | 2,225,731 | 2.95% | Shares |
| Invesco Ltd. | $262,488,770 | 2,050,213 | 2.72% | Shares |
| JANE STREET GROUP, LLC | $261,709,708 | 2,044,128 | 2.71% | Shares |
| D. E. Shaw & Co., Inc. | $238,308,769 | 1,861,351 | 2.47% | Shares |
| JPMORGAN CHASE & CO | $235,219,190 | 2,164,757 | 2.43% | Shares |
| VANGUARD GROUP INC | $232,278,925 | 13,326,387 | 2.40% | Shares |
| FMR LLC | $211,354,991 | 1,650,824 | 2.19% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $165,221,353 | 1,290,485 | 1.71% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $164,202,712 | 1,282,533 | 1.70% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $136,761,262 | 1,068,197 | 1.42% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $130,193,707 | 1,016,900 | 1.35% | Call option |
| MORGAN STANLEY | $127,802,679 | 998,223 | 1.32% | Shares |
| GOLDMAN SACHS GROUP INC | $117,691,450 | 919,249 | 1.22% | Shares |
| NORTHERN TRUST CORP | $116,828,783 | 912,511 | 1.21% | Shares |
| Capital Research Global Investors | $106,277,191 | 830,096 | 1.10% | Shares |
| AIGH Capital Management LLC | $104,728,540 | 818,000 | 1.08% | Shares |
| Nuveen, LLC | $103,481,785 | 808,262 | 1.07% | Shares |
| JANE STREET GROUP, LLC | $82,694,577 | 645,900 | 0.86% | Call option |
| Connor, Clark & Lunn Investment Management Ltd. | $81,056,049 | 633,102 | 0.84% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $77,544,954 | 605,678 | 0.80% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $77,202,090 | 603,000 | 0.80% | Put option |
| VOYA INVESTMENT MANAGEMENT LLC | $75,165,772 | 587,095 | 0.78% | Shares |
| HighTower Advisors, LLC | $73,414,963 | 573,420 | 0.76% | Shares |
| MILLENNIUM MANAGEMENT LLC | $73,360,038 | 572,991 | 0.76% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $68,802,042 | 537,390 | 0.71% | Shares |
| Point72 Asset Management, L.P. | $67,058,657 | 523,773 | 0.69% | Shares |
| Bank of New York Mellon Corp | $65,212,983 | 509,357 | 0.68% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $63,134,794 | 493,125 | 0.65% | Shares |
| FRANKLIN RESOURCES INC | $62,482,738 | 488,032 | 0.65% | Shares |
| FIRST TRUST ADVISORS LP | $60,706,064 | 474,155 | 0.63% | Shares |
| TWO SIGMA INVESTMENTS, LP | $60,235,298 | 470,478 | 0.62% | Shares |
| JANE STREET GROUP, LLC | $59,482,738 | 464,600 | 0.62% | Put option |
| Defiance ETFs, LLC | $57,434,774 | 511,031 | 0.59% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $56,079,701 | 438,020 | 0.58% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $55,886,759 | 436,513 | 0.58% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $52,704,574 | 411,658 | 0.55% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $45,301,495 | 353,835 | 0.47% | Shares |
| TUDOR INVESTMENT CORP ET AL | $43,756,045 | 341,764 | 0.45% | Shares |
| CITADEL ADVISORS LLC | $42,403,536 | 331,200 | 0.44% | Call option |
| Allianz Asset Management GmbH | $41,958,248 | 327,722 | 0.43% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $40,905,585 | 319,500 | 0.42% | Shares |
| SORA INVESTORS LLC | $40,869,353 | 319,217 | 0.42% | Shares |
| Public Sector Pension Investment Board | $39,828,597 | 311,088 | 0.41% | Shares |
| CITADEL ADVISORS LLC | $39,458,846 | 308,200 | 0.41% | Put option |
| AMERIPRISE FINANCIAL INC | $38,764,411 | 302,536 | 0.40% | Shares |
| EMERALD ADVISERS, LLC | $35,893,211 | 280,350 | 0.37% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| MaxLinear, Inc., Eagle Acquisition Corporation | April 4, 2017 | · | Initial filing | · | SEC |
| Entropic Communications, Inc. | Feb. 12, 2015 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 36 insiders · 11 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kishore Seendripu | Chairman, President and CEO | Aug. 17, 2026 S | 0 | 0 | 16 | $-50,436,839 |
| Adam C. Spice | VP, Chief Financial Officer | May 21, 2018 M | 354,638 | 0 | 0 | $0 |
| Connie H. Kwong | Corporate Controller & PAO | Aug. 31, 2026 M | 19,372 | 0 | 4 | $-4,404,462 |
| Dana Mccarty | Vice President, Global Sales | May 22, 2017 M | 17,882 | 0 | 0 | $0 |
| Justin Scarpulla | VP, Corporate Controller | Nov. 20, 2014 M | 19,725 | 0 | 0 | $0 |
| Brian Sprague | VP & GM, Broadband & Consumer | Nov. 20, 2014 M | 109,588 | 0 | 0 | $0 |
| Michael Kastner | Vice President, Sales | May 21, 2012 M | 2,547 | 0 | 0 | $0 |
| Kimihiko Imura | VP, Semiconductor Tech & Ops | May 6, 2011 A | 0 | 0 | 0 | $0 |
| Patrick E Mccready | CAO and Controller | May 6, 2011 A | · | 0 | 0 | $0 |
| John Malcolm Graham | Vice President, Marketing | Jan. 10, 2011 C | 0 | 0 | 0 | $0 |
| Joe D. Campa | VP, Finance and Treasurer | March 29, 2010 J | 0 | 0 | 0 | $0 |
| Kris Sennesael | Director | May 20, 2026 A | 2,052 | 0 | 0 | $0 |
| Daniel A Artusi | Director | May 20, 2026 A | 17,382 | 0 | 3 | $-1,288,719 |
| MOYER ALBERT J | Director | May 20, 2026 M | 113,129 | 0 | 1 | $-1,227,798 |
| Steven Craddock | Director | May 25, 2018 A | 53,752 | 0 | 0 | $0 |
| Hk Desai | Director | May 20, 2014 A | 49,122 | 0 | 0 | $0 |
| Kenneth P Lawler | Director | March 3, 2011 G | 2,496 | 0 | 0 | $0 |
| Edward E Alexander | Director | March 24, 2010 P | 10,538 | 0 | 0 | $0 |
| Robert F Kibble | 10% owner | March 24, 2010 P | 53,570 | 0 | 0 | $0 |
| Thomas E Pardun | · | May 26, 2026 S | 55,252 | 0 | 1 | $-1,155,000 |
| Ted L Tewksbury III | · | May 20, 2026 A | 80,076 | 0 | 3 | $-838,701 |
| Carolyn Beaver | · | May 20, 2026 A | 33,316 | 0 | 1 | $-461,760 |
| Greg Dougherty | · | May 20, 2026 A | 33,358 | 0 | 0 | $0 |
| Steven G Litchfield | · | March 6, 2026 S | 343,435 | 0 | 3 | $-746,456 |
| Tsu-Jae King Liu | · | May 1, 2025 M | 30,044 | 0 | 0 | $0 |
| William Torgerson | · | Nov. 8, 2024 S | 179,262 | 0 | 0 | $0 |
| Michelle Marie Sayer | · | May 27, 2024 M | 16,443 | 0 | 0 | $0 |
| William Kelly Jones | · | Feb. 20, 2023 M | 26,941 | 0 | 0 | $0 |
| Michael Bollesen | · | Feb. 20, 2023 M | 114,299 | 0 | 0 | $0 |
| James Lougheed | · | Feb. 20, 2023 M | 61,086 | 0 | 0 | $0 |
| Madhukar Reddy | · | Feb. 20, 2023 M | 485,352 | 0 | 0 | $0 |
| Brendan Walsh | · | Feb. 20, 2023 M | 189,011 | 0 | 0 | $0 |
| Curtis Ling | · | Feb. 20, 2023 M | 992,796 | 0 | 0 | $0 |
| Donald E Schrock | · | Aug. 5, 2021 S | 10,982 | 0 | 0 | $0 |
| Michael J. Lachance | · | Aug. 20, 2020 M | 46,500 | 0 | 0 | $0 |
| David E Liddle | · | May 6, 2011 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 55 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCT · Invesco Exchange-Traded Fund Trust … | 3.20% | 186,516 SH | Oct. 2, 2026 | Daily |
| XSMO · Invesco Exchange-Traded Fund Trust | 2.10% | 656,313 SH | Oct. 2, 2026 | Daily |
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.80% | 2,001 SH | Oct. 2, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.66% | 101,808 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.65% | 92,770 SH | Aug. 19, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.58% | 294,266 SH | Aug. 19, 2026 | Daily |
| JSML · Janus Detroit Street Trust | 0.51% | 27,843 NS | July 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.51% | 43,083 SH | Aug. 19, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.42% | 10,651 SH | Oct. 2, 2026 | Daily |
| SMDX · Tidal Trust III | 0.40% | 7,703 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.39% | 813,521 SH | Sept. 11, 2026 | Daily |
| JSMD · Janus Detroit Street Trust | 0.38% | 59,067 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.37% | 105,696 SH | Oct. 2, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.35% | 68,542 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.34% | 498,636 SH | Aug. 19, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.30% | 1,126,815 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 21,992 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.21% | 32,584 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.20% | 2,218,090 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.19% | 41,486 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.19% | 25,647 SH | Sept. 11, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.17% | 34,068 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.15% | 5,635 NS | July 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.13% | 1,951,082 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.13% | 3,688 SH | Oct. 2, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.12% | 965,870 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.10% | 1,372,755 SH | Aug. 19, 2026 | Daily |
| IGPT · Invesco Exchange-Traded Fund Trust | 0.09% | 13,834 SH | Oct. 2, 2026 | Daily |
| IETC · iShares U.S. ETF Trust | 0.09% | 8,527 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.09% | 34,376 SH | Sept. 11, 2026 | Daily |
| TRFK · Pacer Funds Trust | 0.08% | 10,795 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.07% | 6,211 NS | July 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.06% | 180,561 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.06% | 137,281 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.06% | 5,483 SH | Sept. 11, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.05% | 10,094 SH | Oct. 2, 2026 | Daily |
| IGM · iShares Trust | 0.03% | 39,562 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.02% | 19,107 SH | Aug. 19, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.02% | 8,900 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 5,211 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 81,601 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 2,701,477 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 70,241 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 7,117 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 746 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,686 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.01% | 109,192 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 22,334 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.00% | 184 NS | July 31, 2026 | N-PORT |
| IJR · iShares Trust | · | 5,136,323 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 343,137 SH | Sept. 9, 2026 | Daily |
| IJS · iShares Trust | · | 428,263 SH | Sept. 8, 2026 | Daily |
| XJR · iShares Trust | · | 11,638 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 3,670 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 35,858 SH | Sept. 11, 2026 | Daily |
MXL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
11 analysts · 2026-09-28Mean target $94.55 -10.7%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MXL | $1.51B | -11.0 | 29.7% | -29.2% | -29.1% | 56.8% |
| FSLR | $28.03B | 18.4 | 24.1% | 29.3% | 16.9% | 40.6% |
| SMTC | $7.51B | -176.1 | 15.5% | -3.9% | -7.3% | 51.6% |
| SWKS | · | 25.0 | -2.2% | · | · | · |
| RMBS | $9.90B | 43.5 | 27.1% | 32.6% | 17.8% | 79.6% |
| QRVO | $6.79B | 21.4 | -1.1% | 9.2% | 9.9% | 45.9% |
| ALGM | $5.58B | -376.5 | 22.8% | -1.7% | -1.6% | 46.3% |
| SLAB | $4.35B | -66.6 | 34.3% | -8.3% | -6.0% | 58.2% |
| CRUS | $7.25B | 18.3 | 5.3% | 20.8% | 19.9% | 52.8% |
| PI | $5.26B | -470.3 | -1.4% | -3.0% | -5.5% | 52.5% |
| RGTI | · | · | · | · | · | · |
Latest News Recent headlines mentioning this company
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