Ceragon Networks 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	338.73	394.19	347.18	295.17	290.77
Revenue Growth (YoY)	-14.07%	13.54%	17.62%	1.52%	10.61%
Cost of Revenue	224.18	257.34	227.31	202.11	202.39
Gross Profit	114.55	136.85	119.87	93.06	88.38
Selling, General & Admin	73.08	58.97	64.54	70.12	54.36
Research & Development	30.43	34.95	32.27	29.69	29.47
Operating Expenses	103.5	93.93	96.81	99.81	83.83
Operating Income	11.05	42.93	23.06	-6.74	4.55
Interest Expense	-6.54	-	-	-	-
Interest & Investment Income	-	0.14	0.09	0.11	0.16
Currency Exchange Gain (Loss)	-	-3.52	-0.75	-1.4	-3.88
Other Non Operating Income (Expenses)	-	-6.36	-7.53	-4.99	-4.65
EBT Excluding Unusual Items	4.51	33.19	14.87	-13.02	-3.82
Merger & Restructuring Charges	-3.8	-4.78	-2.13	-4.22	-
Legal Settlements	-	-1.16	-	-	-
Pretax Income	0.71	27.25	12.74	-17.24	-3.82
Income Tax Expense	2.8	3.19	6.52	2.45	11.01
Net Income	-2.09	24.06	6.22	-19.69	-14.83
Net Income to Common	-2.09	24.06	6.22	-19.69	-14.83
Net Income Growth	-	286.87%	-	-	-
Shares Outstanding (Basic)	90	86	85	84	83
Shares Outstanding (Diluted)	90	88	85	84	83
Shares Change (YoY)	1.50%	3.48%	1.60%	0.86%	2.79%
EPS (Basic)	-0.02	0.28	0.07	-0.23	-0.18
EPS (Diluted)	-0.02	0.27	0.07	-0.23	-0.18
EPS Growth	-	285.71%	-	-	-
Free Cash Flow	17.95	11.62	20.93	-15.36	-24.4
Free Cash Flow Per Share	0.20	0.13	0.24	-0.18	-0.29
Gross Margin	33.82%	34.72%	34.53%	31.53%	30.39%
Operating Margin	3.26%	10.89%	6.64%	-2.28%	1.56%
Profit Margin	-0.62%	6.10%	1.79%	-6.67%	-5.10%
Free Cash Flow Margin	5.30%	2.95%	6.03%	-5.20%	-8.39%
EBITDA	25.38	55.04	33.03	4.3	16.39
EBITDA Margin	7.49%	13.96%	9.51%	1.46%	5.64%
D&A For EBITDA	14.33	12.11	9.97	11.04	11.85
EBIT	11.05	42.93	23.06	-6.74	4.55
EBIT Margin	3.26%	10.89%	6.64%	-2.28%	1.56%
Effective Tax Rate	395.20%	11.71%	51.19%	-	-

Updated Feb 17, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q