— · Financial Statements

Ciena Corporation (CIEN) Financial Statements

$320.26 —: CIEN Market Cap $45.42B

Ciena Corporation most recently reported annual revenue of $4.8B, net profit of $123.0M. Revenue grew at an average annual rate of 6.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Ciena Corporation: Revenue rose from $2.6B in 2016 to $4.8B in 2025, a change of +83.4% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 6.0% to 6.5%, a shift of +0.5 percentage points; the most recent year shows net profit of $123.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.6B$2.8B$3.1B$3.6B$3.5B$3.6B$3.6B$4.4B$4.0B$4.8B
Operating Expenses$2.4B$2.6B$2.9B$3.2B$3.0B$3.1B$3.4B$4.0B$3.8B$4.5B
Operating Profit$156.0M$215.0M$230.0M$347.0M$487.0M$495.0M$257.0M$385.0M$191.0M$311.0M
Operating Margin6.0%7.7%7.4%9.7%13.8%13.7%7.1%8.8%4.8%6.5%
Other Income$-69.0M$-59.0M$-81.0M$-34.0M$-31.0M$-33.0M$-75.0M$-61.0M$-71.0M$-155.0M
Interest$57.0M$56.0M$55.0M$37.0M$31.0M$31.0M$53.0M$93.0M$99.0M$92.0M
Depreciation$142.0M$123.0M$110.0M$123.0M$133.0M$132.0M$140.0M$142.0M$133.0M$140.0M
Profit Before Tax$87.0M$156.0M$149.0M$313.0M$456.0M$463.0M$183.0M$324.0M$120.0M$156.0M
Tax$16.3M$-708.3M$331.7M$19.1M$20.8M$-8.1M$16.2M$21.3M$29.9M$21.1M
Net Profit$73.0M$1.3B$-345.0M$253.0M$361.0M$500.0M$153.0M$255.0M$84.0M$123.0M
EPS$0.51$7.53$-2.40$1.61$2.32$3.19$1.00$1.71$0.58$0.85
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.1B$1.0B$942.0M$942.0M$1.1B$1.1B$1.1B$1.2B$1.4B$1.4B$1.6B$1.7B
Operating Expenses$1.0B$953.0M$916.0M$916.0M$1.1B$990.0M$1.1B$1.1B$1.2B$1.2B$1.3B$1.4B
Operating Profit$91.0M$85.0M$27.0M$27.0M$59.0M$82.0M$35.0M$75.0M$118.0M$191.0M$238.0M$301.0M
Operating Margin8.1%8.2%2.8%2.8%5.3%7.7%3.1%6.2%8.8%13.4%15.1%18.0%
Interest$24.0M$24.0M$25.0M$25.0M$25.0M$23.0M$24.0M$23.0M$22.0M$21.0M$21.0M$6.0M
Profit Before Tax$71.0M$72.0M$16.0M$16.0M$48.0M$69.0M$19.0M$66.0M$3.0M$181.0M$231.0M$311.0M
Tax$-29.3M$30.7M$13.0M$13.0M$22.9M$35.0M$52.8M$23.6M$-581.9M$17.0M$5.6M$14.2M
Net Profit$91.0M$50.0M$14.0M$14.0M$37.0M$45.0M$9.0M$50.0M$19.0M$150.0M$218.0M$266.0M
EPS$0.62$0.34$0.10$0.10$0.25$0.31$0.06$0.35$0.13$1.03$1.49$1.83

Over the 10 years reported for Ciena Corporation, borrowings increased from $1.3B in 2016 to $1.6B in 2025, cash stood at $1.1B in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 2.73 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.9B$4.0B$3.8B$3.9B$4.2B$4.9B$5.1B$5.6B$5.6B$5.9B
Current Assets$2.0B$2.0B$2.1B$2.4B$2.6B$3.2B$3.4B$3.6B$3.5B$3.6B
Cash$778.0M$641.0M$745.0M$904.0M$1.1B$1.4B$994.0M$1.0B$935.0M$1.1B
Inventory$211.0M$267.0M$263.0M$345.0M$344.0M$374.0M$947.0M$1.1B$820.0M$826.0M
Receivables$584.0M$634.0M$813.0M$837.0M$827.0M$1.0B$1.1B$1.2B$1.3B$1.2B
Fixed Assets$288.0M$308.0M$292.0M$287.0M$329.0M$329.0M$313.0M$315.0M$365.0M$39.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$365.0M$329.0M$208.0M$120.0M$233.0M$252.0M$189.0M$239.0M$397.0M$273.0M
Other Assets$267.0M$267.0M$298.0M$298.0M$311.0M$312.0M$328.0M$445.0M$445.0M$521.0M
Total Liabilities$2.1B$1.8B$1.8B$1.7B$1.7B$1.8B$2.4B$2.8B$2.8B$3.1B
Current Liabilities$892.0M$1.0B$963.0M$846.0M$761.0M$909.0M$1.0B$932.0M$1.0B$1.3B
Borrowings$1.3B$936.0M$693.0M$755.0M$828.0M$804.0M$1.2B$1.7B$1.6B$1.6B
Other Liabilities$827.0M$879.0M$1.1B$965.0M$843.0M$1.0B$1.2B$1.1B$1.2B$1.6B
Equity$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$1.0M$1.0M$1.0M$1.0M
Reserves$766.0M$2.1B$1.9B$2.2B$2.5B$3.0B$2.7B$2.8B$2.8B$2.7B

For Ciena Corporation, operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $665.0M; free cash flow was positive in 9 of 10 years; financing activities used $426.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$290.0M$235.0M$229.0M$413.0M$494.0M$542.0M$-168.0M$168.0M$515.0M$806.0M
Investing Cash Flow$-403.0M$-156.0M$-87.0M$-39.0M$-303.0M$-170.0M$-192.0M$-490.0M$-443.0M$-382.0M
Financing Cash Flow$-4.0M$-1.0M$-118.0M$-292.0M$-107.0M$-138.0M$-524.0M$-287.0M$-304.0M$-426.0M
Net Cash Flow$-13.0M$-137.0M$105.0M$159.0M$185.0M$334.0M$-428.0M$16.0M$-76.0M$157.0M
Free Cash Flow$182.0M$140.0M$162.0M$351.0M$411.0M$462.0M$-259.0M$62.0M$378.0M$665.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.23
EV / EBITDA54.74
FCF Yield1.30%
Quick Ratio3.17
Interest Coverage12.14
Return 1Y85.57%
Return 3Y670.60%
Return 5Y648.97%

Ciena Corporation (CIEN) financials — frequently asked questions

What is Ciena Corporation's annual revenue?

Ciena Corporation (CIEN) reported annual revenue of $4.8B in its most recent fiscal year.

What is Ciena Corporation's net profit?

Ciena Corporation (CIEN) reported net profit of $123.0M in its most recent fiscal year.

What is CIEN EV/EBITDA?

Ciena Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 54.74.

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