AudioCodes 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	245.6	242.18	244.38	275.09	248.92
Revenue Growth (YoY)	1.42%	-0.90%	-11.16%	10.51%	12.75%
Cost of Revenue	85.97	84.02	86.03	96.32	78.03
Gross Profit	159.63	158.16	158.35	178.78	170.89
Selling, General & Admin	93	88.85	86.76	87.62	77.97
Research & Development	52.59	52.13	57.17	59.84	53.4
Operating Expenses	145.59	140.97	143.93	147.46	131.37
Operating Income	14.04	17.19	14.42	31.32	39.52
Interest Expense	-	-1.95	-1.57	-0.33	-0.62
Interest & Investment Income	1.73	2.92	3.06	2.8	2.66
Currency Exchange Gain (Loss)	-2.19	-0.51	-0.21	1.33	-0.29
Other Non Operating Income (Expenses)	-	-0.3	-0.33	-0.36	-0.23
EBT Excluding Unusual Items	13.58	17.36	15.39	34.76	41.03
Gain (Loss) on Sale of Investments	-	-2.27	-1.02	-0.58	-1.39
Pretax Income	13.58	15.1	14.37	34.18	39.65
Income Tax Expense	4.62	-0.22	5.59	5.72	5.9
Net Income	8.96	15.31	8.78	28.47	33.75
Net Income to Common	8.96	15.31	8.78	28.47	33.75
Net Income Growth	-41.51%	74.39%	-69.16%	-15.66%	23.87%
Shares Outstanding (Basic)	28	30	31	32	33
Shares Outstanding (Diluted)	29	31	32	33	34
Shares Change (YoY)	-5.39%	-2.99%	-2.83%	-3.98%	2.83%
EPS (Basic)	0.31	0.51	0.28	0.89	1.03
EPS (Diluted)	0.31	0.50	0.28	0.88	1.00
EPS Growth	-38.00%	78.82%	-68.23%	-12.00%	20.48%
Free Cash Flow	22.89	10.97	8.93	6.79	46.17
Free Cash Flow Per Share	0.79	0.36	0.28	0.21	1.36
Dividend Per Share	0.400	0.360	0.360	0.360	0.350
Dividend Growth	11.11%	-	-	2.86%	16.67%
Gross Margin	65.00%	65.31%	64.80%	64.99%	68.65%
Operating Margin	5.72%	7.10%	5.90%	11.39%	15.88%
Profit Margin	3.65%	6.32%	3.59%	10.35%	13.56%
Free Cash Flow Margin	9.32%	4.53%	3.65%	2.47%	18.55%
EBITDA	18.27	21.07	17.02	34.3	41.96
EBITDA Margin	7.44%	8.70%	6.96%	12.47%	16.86%
D&A For EBITDA	4.24	3.88	2.6	2.98	2.43
EBIT	14.04	17.19	14.42	31.32	39.52
EBIT Margin	5.72%	7.10%	5.90%	11.39%	15.88%
Effective Tax Rate	34.05%	-	38.91%	16.73%	14.87%
Revenue as Reported	245.6	242.18	244.38	275.09	248.92
Advertising Expenses	-	2.43	1.94	1.73	0.58

Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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