AudioCodes Ltd. (AUDC)

AudioCodes Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	244.55	242.18	244.38	275.09	248.92	220.77
Revenue Growth (YoY)	0.15%	-0.90%	-11.16%	10.51%	12.75%	10.23%
Cost of Revenue	85.29	84.02	86.03	96.32	78.03	70.96
Gross Profit	159.26	158.16	158.35	178.78	170.89	149.82
Selling, General & Admin	93.08	88.85	86.76	87.62	77.97	65.39
Research & Development	51.77	52.13	57.17	59.84	53.4	46.07
Operating Expenses	144.85	140.97	143.93	147.46	131.37	111.47
Operating Income	14.41	17.19	14.42	31.32	39.52	38.35
Interest Expense	-1	-1.95	-1.57	-0.33	-0.62	-0.66
Interest & Investment Income	4.82	2.92	3.06	2.8	2.66	1.25
Currency Exchange Gain (Loss)	-2.57	-0.51	-0.21	1.33	-0.29	-1.98
Other Non Operating Income (Expenses)	-0.3	-0.3	-0.33	-0.36	-0.23	-0.15
EBT Excluding Unusual Items	15.36	17.36	15.39	34.76	41.03	36.82
Gain (Loss) on Sale of Investments	-2.27	-2.27	-1.02	-0.58	-1.39	-0.17
Pretax Income	13.09	15.1	14.37	34.18	39.65	36.65
Income Tax Expense	-0.74	-0.22	5.59	5.72	5.9	9.4
Net Income	13.83	15.31	8.78	28.47	33.75	27.25
Net Income to Common	13.83	15.31	8.78	28.47	33.75	27.25
Net Income Growth	13.44%	74.39%	-69.16%	-15.66%	23.87%	585.14%
Shares Outstanding (Basic)	29	30	31	32	33	31
Shares Outstanding (Diluted)	30	31	32	33	34	33
Shares Change (YoY)	-3.97%	-2.99%	-2.83%	-3.98%	2.83%	6.87%
EPS (Basic)	0.47	0.51	0.28	0.89	1.03	0.87
EPS (Diluted)	0.46	0.50	0.28	0.88	1.00	0.83
EPS Growth	15.76%	78.82%	-68.23%	-12.00%	20.48%	538.46%
Free Cash Flow	32.21	10.97	8.93	6.79	46.17	36.95
Free Cash Flow Per Share	1.09	0.36	0.28	0.21	1.36	1.12
Dividend Per Share	0.380	0.360	0.360	0.360	0.350	0.300
Dividend Growth	111.11%	-	-	2.86%	16.67%	20.00%
Gross Margin	65.12%	65.31%	64.80%	64.99%	68.65%	67.86%
Operating Margin	5.89%	7.10%	5.90%	11.39%	15.88%	17.37%
Profit Margin	5.66%	6.32%	3.59%	10.35%	13.56%	12.34%
Free Cash Flow Margin	13.17%	4.53%	3.65%	2.47%	18.55%	16.73%
EBITDA	18.6	21.07	17.02	34.3	41.96	40.62
EBITDA Margin	7.61%	8.70%	6.96%	12.47%	16.86%	18.40%
D&A For EBITDA	4.19	3.88	2.6	2.98	2.43	2.27
EBIT	14.41	17.19	14.42	31.32	39.52	38.35
EBIT Margin	5.89%	7.10%	5.90%	11.39%	15.88%	17.37%
Effective Tax Rate	-	-	38.91%	16.73%	14.87%	25.65%
Revenue as Reported	244.55	242.18	244.38	275.09	248.92	220.77
Advertising Expenses	-	2.43	1.94	1.73	0.58	0.37

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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