{ "ok": true, "cik": "1288469", "ticker": "MXL", "name": "MaxLinear, Inc.", "filings": [ { "form": "10-Q", "filed": "2026-07-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000051/0001288469-26-000051-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000050/0001288469-26-000050-index.htm" }, { "form": "8-K", "filed": "2026-06-01", "items": [ "4.01 Changes in Registrant's Certifying Accountant", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000045/0001288469-26-000045-index.htm" }, { "form": "8-K", "filed": "2026-05-21", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000035/0001288469-26-000035-index.htm" }, { "form": "10-Q", "filed": "2026-04-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000029/0001288469-26-000029-index.htm" }, { "form": "8-K", "filed": "2026-04-23", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.02 Results of Operations and Financial Condition", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000027/0001288469-26-000027-index.htm" } ], "events12m": 8, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-06-01", "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000045/0001288469-26-000045-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-05-21", "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000035/0001288469-26-000035-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001288469.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1288469" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up MaxLinear, Inc. ($MXL). Last filing: 10-Q, 2026-07-23. 8 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-06-01.", "auditor": { "changes": [ { "filed": "2026-06-01", "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000045/0001288469-26-000045-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 467641000, "revenueGrowth1y": 0.2971003639107088, "revenueGrowthPerYear": -0.14917841732329817, "yearsOfData": 5, "operatingMargin": -0.27134062240051665, "operatingMarginPrior": -0.619513602272223, "netMargin": -0.29227762321952094, "operatingCashFlow": 19619000, "capitalSpending": 12598000, "freeCashFlow": 7021000, "researchAndDevelopment": 208599000, "researchShareOfRevenue": 0.4460665339437731, "cash": 72806000, "longTermDebt": 123618000, "longTermDebtChange": 0.005057075026830171, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 892398000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1120252000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 693263000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 360528000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 467641000 } ], "totalEquity": 451895000, "totalAssets": 796396000, "equityRatio": 0.567424999623303, "returnOnEquity": -0.3024618550769537, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -1.58, "sharesOutstanding": 86588000, "bookValuePerShare": 5.2189102416039175, "revenuePerShare": 5.400759920543262, "range80": { "low": 269473940.6148576, "high": 827994044.4028312, "baseline": 478037723.99942875, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.47356461013489604, "classVolatility": 0.1022985825903761, "volatility": 0.3425846172642725 }, "ifPaceHeld": { "low": 269473940.6148576, "high": 827994044.4028312 } }, "edgarette": "🔖 Exposure: revenue $467.6M (FY2025), total debt $123.6M. Experience: revenue up 29.7% on the year, down 14.9% a year over 4 years; operating margin -27.1%, up from -62.0%. Soundness: equity 56.7% of assets, return on equity -30.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $269.5M and $828.0M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $202.9M to $1.1B. A statistical range, not company guidance. Against peers (63 filers, $50M+ revenue, semiconductors & related devices): operating margin -27.1% against a 2.4% median; growth 29.7% against 15.5%.", "peers": { "sic": 3674, "sicDescription": "Semiconductors & Related Devices", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3674", "growth": [ 0.1547, 63 ], "opMargin": [ 0.0239, 63 ], "equityRatio": [ 0.6781, 62 ], "returnOnEquity": [ 0.0351, 59 ], "payoutRatio": [ 0.5072, 15 ] }, "summary": "MaxLinear (MXL) grew revenue 29.7% in FY2025 to $468 million, operating margin -27.1% against a 2.4% median for semiconductors & related devices, equity 56.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
MaxLinear, Inc. against its own record and its peers
Operating marginPeer median 2.4%-27.1%Revenue, on the yearPeer median 15.5%29.7%Equity of assetsPeer median 67.8%56.7%Return on equityPeer median 3.5%-30.2%Gold tick: the median of 59–62 peers with $50M+ revenue in semiconductors & related devices
", "chartHorizon": null, "backtest": { "tests": 13, "hits": 8, "rate": 0.6153846153846154, "method": "v4", "byYear": { "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:21.704Z", "hash": "850fda74d0fc4b35", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "MaxLinear (MXL) grew revenue 29.7% in FY2025 to $468 million, operating margin -27.1% against a 2.4% median for semiconductors & related devices, equity 56.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 467641000, "totalDebt": 123618000, "cash": 72806000 }, "experience": { "revenueGrowth1y": 0.2971003639107088, "revenueGrowthPerYear": -0.14917841732329817, "operatingMargin": -0.27134062240051665, "operatingMarginPrior": -0.619513602272223, "netMargin": -0.29227762321952094, "freeCashFlow": 7021000 }, "soundness": { "equityRatio": 0.567424999623303, "returnOnEquity": -0.3024618550769537, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3674, "sicDescription": "Semiconductors & Related Devices", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3674", "growth": [ 0.1547, 63 ], "opMargin": [ 0.0239, 63 ], "equityRatio": [ 0.6781, 62 ], "returnOnEquity": [ 0.0351, 59 ], "payoutRatio": [ 0.5072, 15 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-06-01", "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000045/0001288469-26-000045-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-06-01", "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000045/0001288469-26-000045-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-05-21", "url": "https://www.sec.gov/Archives/edgar/data/1288469/000128846926000035/0001288469-26-000035-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 269473940.6148576, "high": 827994044.4028312, "baseline": 478037723.99942875, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.47356461013489604, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.3425846172642725, "k": 3 }, "stress": { "low": 202854348.6924026, "high": 1112533388.5038798, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 8, "rate": 0.6153846153846154, "method": "v4", "byYear": { "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:21.704Z", "hash": "850fda74d0fc4b35", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001288469.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1288469" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.042, "growth3y": -0.2526, "volatility": 0.4736, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.5674, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 4.2% of revenue into operating cash; revenue shrinking 25.3% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 36th percentile for cash, 2nd for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$100M-1B", "cashPctInClass": 36, "growthPctInClass": 2, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±51%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 19619000, "investing": -19795000, "financing": -18659000, "capitalSpending": 12598000, "free": 7021000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 168233000, "free": 129057000 }, { "fiscalYearEnd": "2022-12-31", "operating": 388726000, "free": 347473000 }, { "fiscalYearEnd": "2023-12-31", "operating": 43372000, "free": 29918000 }, { "fiscalYearEnd": "2024-12-31", "operating": -45295000, "free": -62975000 }, { "fiscalYearEnd": "2025-12-31", "operating": 19619000, "free": 7021000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 72806000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 796396000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.042, "growth3y": -0.2526, "volatility": 0.4736, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.5674, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 4.2% of revenue into operating cash; revenue shrinking 25.3% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 36th percentile for cash, 2nd for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$100M-1B", "cashPctInClass": 36, "growthPctInClass": 2, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±51%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 19619000, "investing": -19795000, "financing": -18659000, "capitalSpending": 12598000, "free": 7021000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 168233000, "free": 129057000 }, { "fiscalYearEnd": "2022-12-31", "operating": 388726000, "free": 347473000 }, { "fiscalYearEnd": "2023-12-31", "operating": 43372000, "free": 29918000 }, { "fiscalYearEnd": "2024-12-31", "operating": -45295000, "free": -62975000 }, { "fiscalYearEnd": "2025-12-31", "operating": 19619000, "free": 7021000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 72806000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 796396000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }