MaxLinear Inc. (MXL) Financial Statements (2025 and earlier)

Company Profile

Business Address 5966 LA PLACE CT.
CARLSBAD, CA 92008
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments118,575148,476185,108191,882187,288201,640
Cash and cash equivalent118,575148,476185,108191,882187,288187,028
Short-term investments      14,612
Restricted cash and investments1,0039931,0061,0281,0511,105
Receivables85,46447,93084,940126,230170,619158,232
Inventory, net of allowances, customer advances and progress billings90,34396,06394,73896,12599,908114,942
Inventory90,34396,06394,73896,12599,908114,942
Other undisclosed current assets28,05734,79831,78929,41429,15932,688
Total current assets:323,442328,260397,581444,679488,025508,607
Noncurrent Assets
Operating lease, right-of-use asset18,18422,54924,88327,46831,26432,647
Property, plant and equipment59,30063,49365,42268,33866,43169,484
Intangible assets, net (including goodwill)373,596376,619380,374383,527392,218401,099
Goodwill318,588318,588318,588318,588318,588318,456
Intangible assets, net (excluding goodwill)55,00858,03161,78664,93973,63082,643
Restricted cash and investments252323201719
Deferred income tax assets68,66282,55274,22872,17669,49359,121
Other noncurrent assets21,43021,80730,68634,41732,80932,810
Total noncurrent assets:541,197567,043575,616585,946592,232595,180
TOTAL ASSETS:864,639895,303973,1971,030,6251,080,2571,103,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118,786101,825106,599130,524120,019131,479
Accounts payable31,37830,62835,63432,39221,55145,203
Accrued liabilities87,40871,19770,96598,13298,46886,276
Other undisclosed current liabilities63,49866,77283,67893,330102,110101,431
Total current liabilities:182,284168,597190,277223,854222,129232,910
Noncurrent Liabilities
Long-term debt and lease obligation122,996122,840122,684122,529122,375122,219
Long-term debt, excluding current maturities122,996122,840122,684122,529122,375122,219
Liabilities, other than long-term debt43,07646,99442,98146,25949,48845,981
Other liabilities26,12427,56121,45922,36223,24517,964
Operating lease, liability16,95219,43321,52223,89726,24328,017
Total noncurrent liabilities:166,072169,834165,665168,788171,863168,200
Total liabilities:348,356338,431355,942392,642393,992401,110
Equity
Equity, attributable to parent516,283556,872617,255637,983686,265702,677
Common stock888888
Additional paid in capital886,823866,603853,865834,384808,575790,634
Accumulated other comprehensive loss(6,823)(3,852)(6,516)(5,573)(3,791)(7,938)
Accumulated deficit(363,725)(305,887)(230,102)(190,836)(118,527)(80,027)
Total equity:516,283556,872617,255637,983686,265702,677
TOTAL LIABILITIES AND EQUITY:864,639895,303973,1971,030,6251,080,2571,103,787

Income Statement (P&L) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues92,16781,10291,99095,269125,353135,530
Cost of revenue(40,919)(37,022)(41,804)(46,001)(56,814)(61,586)
Gross profit:51,24844,08050,18649,26868,53973,944
Operating expenses(92,421)(110,823)(91,006)(123,884)(110,282)(91,762)
Operating loss:(41,173)(66,743)(40,820)(74,616)(41,743)(17,818)
Nonoperating income (expense)351(15,755)(506)545(888)(23,700)
Investment income, nonoperating1,0401,6531,8711,8221,7811,736
Other nonoperating income (expense)2,113(14,753)3291,434240(22,721)
Interest and debt expense(2,802)(2,655)(2,706)(2,711)(2,909)(2,715)
Loss from continuing operations before equity method investments, income taxes:(43,624)(85,153)(44,032)(76,782)(45,540)(44,233)
Other undisclosed income from continuing operations before income taxes2,8022,6552,7062,7112,9092,715
Loss from continuing operations before income taxes:(40,822)(82,498)(41,326)(74,071)(42,631)(41,518)
Income tax expense (benefit)(17,016)6,7132,0601,7624,1311,689
Net loss available to common stockholders, diluted:(57,838)(75,785)(39,266)(72,309)(38,500)(39,829)

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net loss:(57,838)(75,785)(39,266)(72,309)(38,500)(39,829)
Other comprehensive income (loss)(457)427849(1,241)64
Comprehensive loss:(58,295)(75,743)(39,188)(72,260)(39,741)(39,765)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,514)2,622(1,021)(1,831)5,388(5,711)
Comprehensive loss, net of tax, attributable to parent:(60,809)(73,121)(40,209)(74,091)(34,353)(45,476)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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