RADCOM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	68.9	61.01	51.6	46.05	40.28	37.56
Revenue Growth (YoY)	17.27%	18.23%	12.05%	14.32%	7.24%	13.79%
Cost of Revenue	16.58	15.37	13.33	12.32	11.42	10.76
Gross Profit	52.32	45.64	38.27	33.73	28.86	26.8
Selling, General & Admin	27.3	25.74	21.17	17.12	14.54	13.55
Research & Development	18.1	16.82	17.7	20.72	19.81	17.84
Operating Expenses	45.4	42.56	38.87	37.84	34.35	31.39
Operating Income	6.93	3.09	-0.61	-4.11	-5.49	-4.58
Interest & Investment Income	4.73	4.69	4.3	1.78	0.67	1.13
Currency Exchange Gain (Loss)	-0.39	-0.39	0.39	0.25	-0.3	-0.31
Other Non Operating Income (Expenses)	-0.19	-0.19	-0.14	-0.02	-0.02	-0.02
EBT Excluding Unusual Items	11.08	7.2	3.95	-2.1	-5.14	-3.77
Merger & Restructuring Charges	-	-	-0.06	-	-	-
Pretax Income	11.08	7.2	3.9	-2.1	-5.14	-3.77
Income Tax Expense	0.49	0.23	0.18	0.16	0.12	0.22
Net Income	10.6	6.97	3.71	-2.26	-5.26	-3.99
Net Income to Common	10.6	6.97	3.71	-2.26	-5.26	-3.99
Net Income Growth	44.93%	87.67%	-	-	-	-
Shares Outstanding (Basic)	16	16	15	15	14	14
Shares Outstanding (Diluted)	17	16	15	15	14	14
Shares Change (YoY)	7.71%	5.60%	5.32%	2.84%	1.41%	1.07%
EPS (Basic)	0.66	0.44	0.25	-0.16	-0.37	-0.29
EPS (Diluted)	0.64	0.43	0.24	-0.16	-0.37	-0.29
EPS Growth	37.57%	79.17%	-	-	-	-
Free Cash Flow	-	10.96	4.47	5.87	1.56	-0.48
Free Cash Flow Per Share	-	0.68	0.29	0.40	0.11	-0.03
Gross Margin	75.94%	74.81%	74.16%	73.24%	71.64%	71.36%
Operating Margin	10.05%	5.06%	-1.17%	-8.93%	-13.64%	-12.20%
Profit Margin	15.38%	11.42%	7.20%	-4.90%	-13.06%	-10.63%
Free Cash Flow Margin	-	17.97%	8.67%	12.75%	3.89%	-1.27%
EBITDA	7.65	3.77	0.02	-3.64	-4.95	-3.88
EBITDA Margin	11.10%	6.17%	0.03%	-7.90%	-12.30%	-10.34%
D&A For EBITDA	0.72	0.68	0.62	0.48	0.54	0.7
EBIT	6.93	3.09	-0.61	-4.11	-5.49	-4.58
EBIT Margin	10.05%	5.06%	-1.17%	-8.93%	-13.64%	-12.20%
Effective Tax Rate	4.38%	3.25%	4.67%	-	-	-
Revenue as Reported	61.01	61.01	51.6	46.05	40.28	37.56

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