MXLHIGH SIGNALFINANCIAL10-K

MXL delivered substantially higher revenue growth while meaningfully reducing operating losses, though cash position declined notably.

The company appears to be executing a successful turnaround with revenue growing substantially while operating losses were meaningfully reduced, suggesting improving operational efficiency. However, the significant decline in cash reserves to $72.8M and reduced accounts receivable may indicate working capital management challenges or collection issues that warrant monitoring.

Comparing 2026-01-29 vs 2025-01-29View on EDGAR →
FINANCIAL ANALYSIS

MXL showed strong top-line momentum with revenue growing substantially to $478.6M while gross profit expanded 36.5% to $265.8M, indicating improved pricing or product mix. Operating losses were meaningfully reduced despite a 15.4% increase in SG&A expenses, demonstrating operational leverage in the business model. However, the balance sheet shows concerning liquidity trends with cash declining 38.6% to $72.8M and accounts receivable dropping 46%, which could signal collection challenges or changes in customer payment terms.

FINANCIAL STATEMENT CHANGES
Revenue
P&L
+50.9%
$317.2M→$478.6M

Strong top-line growth of 50.9% — accelerating demand or successful expansion into new markets.

Accounts Receivable
Balance Sheet
-46%
$85.5M→$46.1M

Receivables declined — improved collection efficiency or conservative revenue recognition.

Net Income
P&L
+44.3%
-$245.2M→-$136.7M

Net income grew 44.3% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+43.2%
-$223.4M→-$126.9M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Cash & Equivalents
Balance Sheet
-38.6%
$118.6M→$72.8M

Cash declined 38.6% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Gross Profit
P&L
+36.5%
$194.8M→$265.8M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Capital Expenditure
Cash Flow
-28.7%
$17.7M→$12.6M

Capex reduced 28.7% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Current Assets
Balance Sheet
-23.1%
$323.4M→$248.8M

Current assets declined 23.1% — monitor working capital adequacy and short-term liquidity.

SG&A Expense
P&L
+15.4%
$138.3M→$159.6M

SG&A increased modestly — likely reflects growth-related hiring or sales expansion investment.

Inventory
Balance Sheet
-13.5%
$90.3M→$78.1M

Inventory reduced 13.5% — lean inventory management or demand outpacing supply.

LANGUAGE CHANGES
NEW — 2026-01-29
PRIOR — 2025-01-29
ADDED
As of January 22, 2026, the registrant had 86,451,150 shares of common stock, par value $0.0001, outstanding.
Our ability to design analog and mixed-signal circuits in complementary metal-oxide-semiconductors, or CMOS, allows us to efficiently combine analog functionality and complex digital signal processing logic in the same integrated circuit.
All these usage scenarios depend on reliable, fast, low-latency networks, enabled by advances in semiconductor devices which integrate wide spectrum/broadband, high-frequency circuits together with digital signal processing algorithms.
Currently, while server connections are transitioning from 10Gbps to 25Gbps or 100Gbps speeds, router and switch connections are moving from 400G to 800 and 1600Gbps (1.6T) interconnections, with the next generation of switch connections (under development) targeting 1600Gbps.
All connectivity standards rely on multiple wireless or wireline transceivers or single large bandwidth transceivers to improve the data handling capacity and ability to talk to multiple devices simultaneously.
+7 more — sign up free →
REMOVED
As of January 22, 2025, the registrant had 84,633,566 shares of common stock, par value $0.0001, outstanding.
Our ability to design analog and mixed-signal circuits in CMOS allows us to efficiently combine analog functionality and complex digital signal processing logic in the same integrated circuit.
In addition, we generate revenue from certain intellectual property sale agreements.
These cloud services may leverage generative AI, which requires racks of high-performance servers and storage connected by the fastest-available networks.
Currently, while server connections are transitioning from 10Gbps to 25Gbps or 100Gbps speeds, router and switch connections are moving from 100G to 400 and 800Gbps interconnections, with the next generation of switch connections (under development) targeting 1600Gbps.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →