Table of Contents Corporate Information We incorporated in the State of Delaware in September 2003. Our executive offices are located at 5966 La Place Court, Suite 100, Carlsbad, California 92008, and our telephone number is (760) 692-0711. In this Form 10-K, unless the context otherwise requires, the “Company,” “we,” “us” and “our” refer to MaxLinear, Inc. and its directly and indirectly wholly-owned subsidiaries. Our website address is www.maxlinear.com. The contents of our website are not incorporated by reference into this Form 10-K. We provide free of charge through a link on our website access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as amendments to those reports, as soon as reasonably practical after the reports are electronically filed with, or furnished to, the Securities and Exchange Commission, or SEC. Refer to Intellectual Property Rights section below for a list of our trademarks and trade names.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 468M | 468M | 361M | 693M | 1.1B | 892M |
| Net Income | -137M | -137M | -245M | -73M | 125M | 42M |
| EPS | $-1.58 | $-1.58 | $-2.93 | $-0.91 | $1.55 | $0.53 |
| Free Cash Flow | 7.0M | 7.0M | -63M | 30M | 347M | 129M |
| ROIC | -19.1% | -22.5% | -33.9% | -9.1% | 20.0% | 9.1% |
| Gross Margin | 56.8% | 56.8% | 54.0% | 55.6% | 58.0% | 55.6% |
| Debt/Equity | 0.32 | 0.32 | 0.29 | 0.23 | 0.23 | 0.69 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -127M | -127M | -223M | -38M | 180M | 65M |
| Operating Margin | -27.1% | -27.1% | -62.0% | -5.5% | 16.1% | 7.3% |
| ROE | -30.2% | -28.2% | -40.8% | -10.7% | 21.5% | 9.5% |
| Shares Outstanding | 87M | 87M | 84M | 80M | 81M | 79M |
MAXLINEAR, INC passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 265.5x vs a median of 23.7x. The company's 5-year average gross margin is 56.0%. Total shareholder yield (buybacks) is 1.1%. At current prices, the estimated annualized return to fair value is -16.6%.
MAXLINEAR, INC (MXL) has a 5-year average return on invested capital (ROIC) of -7.3%. This is below average and may indicate limited pricing power.
MAXLINEAR, INC (MXL) has a market capitalization of $1.9B. It is classified as a small-cap stock.
MAXLINEAR, INC (MXL) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.07%.
MAXLINEAR, INC (MXL) operates in the Semiconductors & Related Devices industry, within the Technology sector.
MAXLINEAR, INC (MXL) reported annual revenue of $468 million in its most recent fiscal year, based on SEC EDGAR filings.
MAXLINEAR, INC (MXL) has a net profit margin of -29.2%. The company is currently unprofitable.
MAXLINEAR, INC (MXL) generated $7 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MAXLINEAR, INC (MXL) has a debt-to-equity ratio of 0.32. This indicates a conservatively financed balance sheet.
MAXLINEAR, INC (MXL) reported earnings per share (EPS) of $-1.58 in its most recent fiscal year.
MAXLINEAR, INC (MXL) has a return on equity (ROE) of -28.2%. A negative ROE may indicate losses or negative equity.
MAXLINEAR, INC (MXL) has a 5-year average gross margin of 56.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for MAXLINEAR, INC (MXL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MAXLINEAR, INC (MXL) has a book value per share of $5.22, based on its most recent annual SEC filing.