Perion Network Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	439.93	498.29	743.16	640.26	478.5
Revenue Growth (YoY)	-11.71%	-32.95%	16.07%	33.80%	45.86%
Cost of Revenue	288.28	332.61	470.8	403	313.22
Gross Profit	151.64	165.68	272.36	237.25	165.28
Selling, General & Admin	112.89	107.19	91.4	85.19	76.39
Research & Development	34.65	36.66	33.88	34.62	35.35
Operating Expenses	165.22	160.28	139.38	133.65	121.63
Operating Income	-13.58	5.4	132.98	103.6	43.65
Interest Expense	-	-	-	-	-0.12
Interest & Investment Income	9.93	18.99	20.73	4.99	0.54
Currency Exchange Gain (Loss)	-	-1.08	-0.57	-0.26	-0.53
Other Non Operating Income (Expenses)	-	-0.65	-0.36	-0.23	-0.47
EBT Excluding Unusual Items	-3.65	22.66	152.79	108.1	43.07
Merger & Restructuring Charges	-1.32	-6.9	-	-	-
Gain (Loss) on Sale of Investments	-	1.26	1.15	-	-
Other Unusual Items	-	-1.54	-18.69	3.82	2.25
Pretax Income	-4.97	15.48	135.24	111.92	45.32
Income Tax Expense	2.96	2.87	20.28	14.44	6.61
Earnings From Continuing Operations	-7.93	12.61	114.96	97.48	38.71
Net Income	-7.93	12.61	114.96	97.48	38.71
Net Income to Common	-7.93	12.61	114.96	97.48	38.71
Net Income Growth	-	-89.03%	17.94%	151.84%	278.54%
Shares Outstanding (Basic)	42	47	47	45	34
Shares Outstanding (Diluted)	42	50	50	48	38
Shares Change (YoY)	-15.05%	-1.03%	4.17%	27.07%	31.36%
EPS (Basic)	-0.19	0.27	2.44	2.17	1.13
EPS (Diluted)	-0.19	0.25	2.30	2.03	1.02
EPS Growth	-	-89.13%	13.30%	99.02%	183.33%
Free Cash Flow	38.17	0.07	154.65	121.06	70.48
Free Cash Flow Per Share	0.91	0.00	3.09	2.52	1.86
Gross Margin	34.47%	33.25%	36.65%	37.06%	34.54%
Operating Margin	-3.09%	1.08%	17.89%	16.18%	9.12%
Profit Margin	-1.80%	2.53%	15.47%	15.22%	8.09%
Free Cash Flow Margin	8.68%	0.01%	20.81%	18.91%	14.73%
EBITDA	4.1	10.18	136.99	117.44	52.16
EBITDA Margin	0.93%	2.04%	18.43%	18.34%	10.90%
D&A For EBITDA	17.68	4.78	4.01	13.84	8.51
EBIT	-13.58	5.4	132.98	103.6	43.65
EBIT Margin	-3.09%	1.08%	17.89%	16.18%	9.12%
Effective Tax Rate	-	18.52%	14.99%	12.90%	14.59%
Revenue as Reported	439.93	498.29	743.16	640.26	478.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.