AudioCodes Ltd.
TechnologyNASDAQ:AUDC · NASDAQ Global Select
+$0.32 today
Vol 0.23M · Avg 0.11M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$247.4M of revenue converted into $6.9M of net income for the selected period. Gross margin is 65.3% and net margin is 2.8%, showing how much revenue survives after costs and taxes. EPS is $0.25, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $245.6M +1.4% | $242.2M -0.9% | $244.4M -11.2% | $275.1M +10.5% | $248.9M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $86.0M +2.3% | $84.0M -2.3% | $86.0M -10.7% | $96.3M +23.4% | $78.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $159.6M +0.9% | $158.2M -0.1% | $158.3M -11.4% | $178.8M +4.6% | $170.9M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 65.0% -0.3pp | 65.3% +0.5pp | 64.8% -0.2pp | 65.0% -3.7pp | 68.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $52.6M +0.9% | $52.1M -8.8% | $57.2M -4.5% | $59.8M +12.1% | $53.4M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $93.0M +4.7% | $88.8M +2.4% | $86.8M -1.0% | $87.6M +12.4% | $78.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $145.6M +3.3% | $141.0M -2.1% | $143.9M -2.4% | $147.5M +12.2% | $131.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $4.2M +9.1% | $3.9M +49.6% | $2.6M -13.0% | $3.0M +22.7% | $2.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $18.3M -5.2% | $19.3M +4.0% | $18.5M -52.9% | $39.4M -11.2% | $44.3M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 7.4% -0.5pp | 8.0% +0.4pp | 7.6% -6.7pp | 14.3% -3.5pp | 17.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $14.0M -18.3% | $17.2M +19.2% | $14.4M -53.9% | $31.3M -20.8% | $39.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.7% -1.4pp | 7.1% +1.2pp | 5.9% -5.5pp | 11.4% -4.5pp | 15.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $2.9M -13.7% | $3.4M +20.1% | $2.8M +4.3% | $2.7M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $461.0K +55.7% | $296.0K -90.9% | $3.2M +805.0% | $358.0K -84.2% | $2.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$461.0K +78.0% | -$2.1M -3928.8% | -$52.0K -101.8% | $2.9M +2228.5% | $123.0K | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $13.6M -10.1% | $15.1M +5.0% | $14.4M -58.0% | $34.2M -13.8% | $39.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 5.5% -0.7pp | 6.2% +0.4pp | 5.9% -6.5pp | 12.4% -3.5pp | 15.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $4.6M +2250.2% | -$215.0K -103.8% | $5.6M -2.2% | $5.7M -3.0% | $5.9M | $1.3B | -$1.6B | $745.2M |
| Net Income | $9.0M -41.5% | $15.3M +74.4% | $8.8M -69.2% | $28.5M -15.7% | $33.8M | $4.9B | $4.8B | $4.7B |
| Net Margin | 3.6% -2.7pp | 6.3% +2.7pp | 3.6% -6.8pp | 10.3% -3.2pp | 13.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 -39.2% | $1 +82.1% | $0 -68.5% | $1 -13.6% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 -38.0% | $1 +78.6% | $0 -68.2% | $1 -12.0% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $28.9M -4.3% | $30.2M -3.8% | $31.4M -1.4% | $31.8M -2.6% | $32.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $29.0M -5.4% | $30.6M -3.0% | $31.6M -2.8% | $32.5M -4.0% | $33.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Frequency Electronics, Inc.
NASDAQ:FEIM
$740.90M
BK Technologies Corporation
AMEX:BKTI
$312.87M
Ceragon Networks Ltd.
NASDAQ:CRNT
$268.77M
Vuzix Corporation
NASDAQ:VUZI
$259.45M
8x8, Inc.
NASDAQ:EGHT
$251.32M
Aviat Networks, Inc.
NASDAQ:AVNW
$250.64M
A2Z Cust2Mate Solutions Corp.
NASDAQ:AZ
$250.12M
SmartRent, Inc.
NYSE:SMRT
$219.84M
Inseego Corp.
NASDAQ:INSG
$180.51M
ALT5 Sigma Corporation
ALTS
$119.56M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does AUDC generate?
AudioCodes Ltd. (AUDC) reported $245.60M of revenue in fiscal 2025.
Is AUDC profitable?
AudioCodes Ltd. (AUDC) reported $8.96M of net income, with a net margin of 3.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.