Infinera Corp
INFNDelisted Feb 28, 2025- Industry
- Telephone & Telegraph Apparatus
- SEC CIK
- 0001138639
Infinera Corp was delisted on Feb 28, 2025; its insiders filed their last Form 4 on Mar 3, 2025; 176 institutions reported holding it in 13F filings for Q4 2024, worth $1.41B in total; Oaktree Capital was the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 12:32 PM ET
Revenue flow, FY2024
Where the revenue went in FY2024, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2024: $150.3M (10.6% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 |
| Filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Reported | Feb 28, 2025 | Jan 11, 2024 | Feb 23, 2023 | Feb 16, 2022 | Feb 23, 2021 |
| Revenue | $1.42B | $1.61B | $1.57B | $1.43B | $1.36B |
| Cost of revenue | $873.9M | $991.2M | $1.04B | $927.2M | $946.8M |
| Gross profit | $544.6M | $622.9M | $535.8M | $498.0M | $408.8M |
| Operating expenses | $628.2M | $627.8M | $595.9M | $585.5M | $564.0M |
| Research and development | $300.4M | $316.9M | $306.2M | $299.9M | $265.6M |
| Selling, general and administrative | $132.7M | $124.9M | $118.6M | $115.4M | $112.2M |
| Operating income | -$83.7M | -$4.84M | -$60.2M | -$87.5M | -$155.2M |
| Interest expense | – | $30.6M | $26.0M | $49.1M | $46.7M |
| Income tax | $17.3M | $7.80M | $20.5M | $12.0M | $6.04M |
| Net income | -$150.3M | -$25.2M | -$76.0M | -$170.8M | -$206.7M |
| EPS, basic | $-0.64 | $-0.11 | $-0.35 | $-0.82 | $-1.10 |
| EPS, diluted | $-0.64 | $-0.11 | $-0.35 | $-0.82 | $-1.10 |
| Weighted shares, basic | 234.7M | 226.7M | 216.4M | 207.4M | – |
| Weighted shares, diluted | 234.7M | 226.7M | 216.4M | 207.4M | 188.2M |
| Margins and growth | |||||
| Gross margin | 38.4% | 38.6% | 34.1% | 34.9% | 30.2% |
| Operating margin | -5.9% | -0.3% | -3.8% | -6.1% | -11.4% |
| Net margin | -10.6% | -1.6% | -4.8% | -12.0% | -15.2% |
| Revenue growth, year over year | −12.1% | +2.6% | +10.4% | +5.1% | +4.4% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 |
| Filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Reported | Feb 28, 2025 | Jan 11, 2024 | Feb 23, 2023 | Feb 16, 2022 | Feb 23, 2021 |
| Cash and equivalents | $145.8M | $172.5M | $178.7M | $190.6M | $298.0M |
| Accounts receivable | $336.6M | $382.0M | $419.7M | $359.0M | $319.4M |
| Inventory | $308.2M | $431.2M | $374.9M | $291.4M | $269.3M |
| Total current assets | $945.8M | $1.12B | $1.13B | $991.8M | $1.06B |
| Goodwill | $224.2M | $240.6M | $232.7M | $255.8M | $273.4M |
| Intangible assets | $15.8M | $24.8M | $47.8M | $86.6M | $124.9M |
| Total assets | $1.53B | $1.68B | $1.67B | $1.59B | $1.73B |
| Accounts payable | $285.0M | $299.0M | $304.9M | $216.4M | $175.8M |
| Short-term debt | $482.0K | $25.5M | $510.0K | $533.0K | $102.0M |
| Total current liabilities | $626.8M | $674.0M | $703.9M | $612.5M | $633.9M |
| Long-term debt | $667.9M | $658.8M | $667.7M | $476.8M | $446.0M |
| Shareholders' equity | $116.5M | $216.6M | $179.6M | $323.8M | $426.3M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 |
| Filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Reported | Feb 28, 2025 | Jan 11, 2024 | Feb 23, 2023 | Feb 16, 2022 | Feb 23, 2021 |
| Operating cash flow | $80.7M | $49.5M | -$37.6M | $28.1M | -$112.3M |
| Capital expenditures | $75.0M | $62.3M | $46.1M | $41.4M | $39.0M |
| Free cash flow | $5.67M | -$12.8M | -$83.6M | -$13.3M | -$151.3M |
| Depreciation and amortization | $62.3M | $78.8M | $83.8M | $83.6M | $100.1M |
| Stock-based compensation | $50.9M | $62.1M | $61.0M | $51.8M | $49.5M |
| Investing cash flow | -$75.0M | -$62.3M | -$46.1M | -$41.4M | -$39.0M |
| Financing cash flow | -$32.2M | $13.7M | $82.3M | -$101.5M | $334.2M |
| Net change in cash | -$27.6M | -$15.3M | -$13.3M | -$112.9M | $182.6M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.6% | 3.9% | 3.9% | 3.6% | 3.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Feb 21, 2025 | 238.0M | +2.8% | SEC |
| Nov 1, 2024 | 236.8M | – | SEC |
| Jul 26, 2024 | 235.7M | +3.9% | SEC |
| May 17, 2024 | 234.3M | +3.8% | SEC |
| May 10, 2024 | 234.1M | +3.8% | SEC |
| Feb 23, 2024 | 231.4M | +3.9% | SEC |
| Aug 4, 2023 | 226.9M | +4.6% | SEC |
| Apr 28, 2023 | 225.6M | +4.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.