NASDAQ : PERI
Perion Network Ltd. — Financial statements
Communication Services · Internet Content & Information · Israel
Last price 8.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 342.17M
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Financial statements
Perion Network Ltd. (PERI) reported revenue of 436.22M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 436.22M | 439.93M | 498.29M | 743.15M | 640.26M | 478.50M |
| Cost of Revenue | 287.94M | 288.28M | 332.61M | 470.80M | 403.00M | 313.21M |
| Gross Profit | 148.28M | 151.64M | 165.68M | 272.36M | 237.25M | 165.28M |
| Selling, General & Admin | 115.08M | 112.89M | 107.19M | 91.40M | 85.19M | 76.39M |
| Research & Development | 30.61M | 34.65M | 36.66M | 33.88M | 34.62M | 35.35M |
| Operating Expenses | 165.55M | 165.22M | 160.28M | 139.38M | 133.65M | 121.63M |
| Operating Income | -17.27M | -13.58M | 5.40M | 132.98M | 103.60M | 43.65M |
| Interest Expense | -669.00K | -669.00K | -119.00K | |||
| Interest & Investment Income | 8.43M | 12.89M | 18.99M | 20.73M | 4.99M | 539.00K |
| Currency Exchange Gain (Loss) | -1.43M | -1.43M | -1.07M | -567.00K | -264.00K | -528.00K |
| Other Non Operating Income (Expenses) | -1.48M | -1.48M | -650.00K | -357.00K | -227.00K | -473.00K |
| EBT Excluding Unusual Items | -12.43M | -4.28M | 22.66M | 152.79M | 108.10M | 43.07M |
| Merger & Restructuring Charges | -2.48M | -1.32M | -6.89M | |||
| Gain (Loss) on Sale of Investments | 623.00K | 623.00K | 1.26M | 1.15M | ||
| Other Unusual Items | 1.71M | -1.54M | -18.69M | 3.82M | 2.25M | |
| Pretax Income | -12.58M | -4.97M | 15.48M | 135.24M | 111.92M | 45.31M |
| Income Tax Expense | 298.00K | 2.96M | 2.87M | 20.28M | 14.44M | 6.61M |
| Earnings From Continuing Operations | -12.87M | -7.93M | 12.61M | 114.96M | 97.48M | 38.71M |
| Net Income | -12.87M | -7.93M | 12.61M | 114.96M | 97.48M | 38.71M |
| Net Income to Common | -12.87M | -7.93M | 12.61M | 114.96M | 97.48M | 38.71M |
| Shares Outstanding (Basic) | 39.40M | 42.10M | 47.28M | 47.13M | 44.87M | 34.40M |
| Shares Outstanding (Diluted) | 39.40M | 42.10M | 49.56M | 50.07M | 48.07M | 37.83M |
| EPS (Basic) | -0.33 | -0.19 | 0.27 | 2.44 | 2.17 | 1.13 |
| EPS (Diluted) | -0.33 | -0.19 | 0.25 | 2.30 | 2.03 | 1.02 |
| Free Cash Flow | 35.41M | 38.13M | 67.00K | 154.65M | 121.06M | 70.48M |
| Free Cash Flow Per Share | 0.90 | 0.91 | 0.00 | 3.09 | 2.52 | 1.86 |
| Gross Margin | 33.99% | 34.47% | 33.25% | 36.65% | 37.06% | 34.54% |
| Operating Margin | -3.96% | -3.09% | 1.08% | 17.89% | 16.18% | 9.12% |
| Profit Margin | -2.95% | -1.80% | 2.53% | 15.47% | 15.22% | 8.09% |
| Free Cash Flow Margin | 8.12% | 8.67% | 0.01% | 20.81% | 18.91% | 14.73% |
| EBITDA | -9.86M | -8.35M | 10.18M | 147.08M | 117.44M | 52.16M |
| EBITDA Margin | -2.26% | -1.90% | 2.04% | 19.79% | 18.34% | 10.90% |
| D&A For EBITDA | 7.42M | 5.23M | 4.78M | 14.09M | 13.84M | 8.51M |
| EBIT | -17.27M | -13.58M | 5.40M | 132.98M | 103.60M | 43.65M |
| EBIT Margin | -3.96% | -3.09% | 1.08% | 17.89% | 16.18% | 9.12% |
| Effective Tax Rate | 18.52% | 14.99% | 12.90% | 14.59% | ||
| Revenue as Reported | 436.22M | 439.93M | 498.29M | 743.15M | 640.26M | 478.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 63.27M | 90.00M | 156.23M | 187.61M | 176.23M | 104.45M |
| Short-Term Investments | 204.56M | 222.91M | 217.11M | 285.07M | 253.40M | 217.20M |
| Cash & Short-Term Investments | 267.83M | 312.90M | 373.33M | 472.68M | 429.63M | 321.65M |
| Receivables | 161.50M | 187.87M | 164.36M | 231.54M | 160.49M | 115.36M |
| Prepaid Expenses | 26.49M | 17.64M | 22.52M | 20.80M | 12.02M | 7.98M |
| Restricted Cash | 1.19M | 1.18M | 1.13M | 1.34M | 1.29M | 1.09M |
| Other Current Assets | 193.00K | 114.00K | 234.00K | 25.00K | 96.00K | |
| Total Current Assets | 457.01M | 519.78M | 561.47M | 726.59M | 603.46M | 446.17M |
| Property, Plant & Equipment | 32.35M | 28.86M | 29.12M | 9.79M | 13.74M | 15.79M |
| Goodwill | 266.07M | 247.09M | 247.97M | 195.53M | 189.26M | |
| Other Intangible Assets | 346.89M | 89.17M | 68.92M | 88.65M | 51.66M | 56.70M |
| Long-Term Deferred Tax Assets | 14.62M | 9.27M | 8.52M | 4.18M | 5.78M | 5.23M |
| Other Long-Term Assets | 533.00K | 620.00K | 416.00K | 85.00K | 49.00K | 79.00K |
| Total Assets | 851.41M | 913.76M | 915.53M | 1.08B | 870.22M | 713.23M |
| Accounts Payable | 133.40M | 129.88M | 122.00M | 217.18M | 155.85M | 107.73M |
| Accrued Expenses | 32.35M | 36.07M | 31.69M | 41.80M | 36.73M | 30.86M |
| Current Portion of Leases | 1.59M | 2.32M | 3.65M | 4.20M | 3.90M | 3.62M |
| Current Unearned Revenue | 1.48M | 1.21M | 2.05M | 2.30M | 2.38M | 3.85M |
| Other Current Liabilities | 11.54M | 19.10M | 2.46M | 74.55M | 35.75M | 47.65M |
| Total Current Liabilities | 180.37M | 188.58M | 161.85M | 340.03M | 234.61M | 193.71M |
| Long-Term Leases | 20.50M | 20.03M | 18.65M | 3.45M | 7.58M | 9.77M |
| Long-Term Deferred Tax Liabilities | 6.82M | 7.40M | ||||
| Other Long-Term Liabilities | 20.94M | 21.74M | 12.08M | 15.64M | 44.90M | 42.79M |
| Total Liabilities | 228.62M | 237.75M | 192.59M | 359.12M | 287.08M | 246.27M |
| Common Stock | 304.00K | 341.00K | 391.00K | 413.00K | 398.00K | 375.00K |
| Additional Paid-In Capital | 451.79M | 487.72M | 527.15M | 534.82M | 513.53M | 496.15M |
| Retained Earnings | 171.93M | 188.68M | 196.62M | 184.00M | 70.79M | -28.44M |
| Treasury Stock | -1.00M | -1.00M | -1.00M | -1.00M | -1.00M | -1.00M |
| Comprehensive Income & Other | -231.00K | 267.00K | -215.00K | -83.00K | -582.00K | -128.00K |
| Shareholders' Equity | 622.79M | 676.01M | 722.94M | 718.15M | 583.13M | 466.96M |
| Total Liabilities & Equity | 851.41M | 913.76M | 915.53M | 1.08B | 870.22M | 713.23M |
| Total Debt | 22.09M | 22.36M | 22.30M | 7.65M | 11.48M | 13.39M |
| Net Cash (Debt) | 245.73M | 290.55M | 351.03M | 465.03M | 418.15M | 308.26M |
| Net Cash Per Share | 6.24 | 6.90 | 7.08 | 9.29 | 8.70 | 8.15 |
| Filing Date Shares Outstanding | 36.99M | 39.33M | 45.04M | 48.42M | 46.52M | 44.29M |
| Total Common Shares Outstanding | 36.99M | 39.02M | 44.83M | 47.99M | 46.17M | 43.70M |
| Working Capital | 276.64M | 331.20M | 399.62M | 386.56M | 368.85M | 252.46M |
| Book Value Per Share | 16.84 | 17.32 | 16.13 | 14.96 | 12.63 | 10.69 |
| Tangible Book Value | 275.90M | 320.77M | 406.94M | 381.52M | 335.94M | 221.00M |
| Tangible Book Value Per Share | 7.46 | 8.22 | 9.08 | 7.95 | 7.28 | 5.06 |
| Machinery | 10.37M | 9.53M | 8.86M | 8.72M | 9.90M | |
| Leasehold Improvements | 14.23M | 12.59M | 7.08M | 8.40M | 8.39M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -12.87M | -7.93M | 12.61M | 114.96M | 97.48M | 38.71M |
| Depreciation & Amortization | 7.42M | 5.23M | 4.78M | 14.09M | 13.84M | 8.51M |
| Other Amortization | 12.45M | 12.45M | 11.66M | 1.39M | ||
| Loss (Gain) From Sale of Assets | -21.00K | -42.00K | -46.00K | -27.00K | -12.00K | 121.00K |
| Asset Writedown & Restructuring Costs | 2.48M | 1.32M | 6.89M | |||
| Loss (Gain) From Sale of Investments | -623.00K | -623.00K | -1.26M | -1.15M | ||
| Stock-Based Compensation | 28.59M | 31.12M | 27.21M | 18.04M | 13.32M | 6.99M |
| Other Operating Activities | -4.37M | 5.96M | -5.73M | 12.75M | -12.06M | -2.27M |
| Change in Accounts Receivable | -22.98M | -22.98M | 66.06M | -5.33M | -45.24M | -34.24M |
| Change in Accounts Payable | 8.62M | 8.62M | -96.36M | 6.88M | 48.19M | 35.22M |
| Change in Unearned Revenue | -889.00K | -889.00K | -248.00K | -1.09M | -1.47M | -1.85M |
| Change in Other Net Operating Assets | 19.02M | 9.70M | -18.63M | -3.66M | 8.08M | 18.53M |
| Operating Cash Flow | 36.83M | 41.93M | 6.94M | 155.46M | 122.12M | 71.11M |
| Capital Expenditures | -1.42M | -3.80M | -6.87M | -811.00K | -1.06M | -627.00K |
| Sale of Property, Plant & Equipment | 42.00K | 42.00K | 46.00K | 27.00K | 12.00K | 95.00K |
| Cash Acquisitions | -26.57M | -101.92M | -9.57M | -38.44M | ||
| Sale (Purchase) of Intangibles | -6.67M | -1.94M | ||||
| Investment in Securities | 804.00K | -5.13M | 69.43M | -30.65M | -36.20M | -204.50M |
| Investing Cash Flow | -7.24M | -37.40M | 62.60M | -133.35M | -46.82M | -243.47M |
| Long-Term Debt Repaid | -452.00K | -8.33M | ||||
| Total Debt Repaid | -452.00K | -452.00K | -8.33M | |||
| Net Debt Issued (Repaid) | -452.00K | -452.00K | -8.33M | |||
| Issuance of Common Stock | 694.00K | 612.00K | 547.00K | 2.43M | 5.83M | 237.39M |
| Repurchase of Common Stock | -80.09M | -71.21M | -46.92M | |||
| Other Financing Activities | -54.54M | -13.26M | -9.09M | |||
| Financing Cash Flow | -79.85M | -71.05M | -100.91M | -10.82M | -3.26M | 229.05M |
| Foreign Exchange Rate Adjustments | -79.00K | 333.00K | -214.00K | 141.00K | -59.00K | -33.00K |
| Net Cash Flow | -50.33M | -66.19M | -31.59M | 11.43M | 71.99M | 56.66M |
| Free Cash Flow | 35.41M | 38.13M | 67.00K | 154.65M | 121.06M | 70.48M |
| Free Cash Flow Margin | 8.12% | 8.67% | 0.01% | 20.81% | 18.91% | 14.73% |
| Free Cash Flow Per Share | 0.90 | 0.91 | 0.00 | 3.09 | 2.52 | 1.86 |
| Levered Free Cash Flow | 55.08M | 43.45M | -71.70M | 139.48M | 82.16M | 88.77M |
| Unlevered Free Cash Flow | 55.50M | 43.87M | -71.70M | 139.48M | 82.16M | 88.84M |
| Cash Interest Paid | 85.00K | 85.00K | 13.00K | 6.00K | 5.00K | 203.00K |
| Cash Income Tax Paid | 8.35M | 8.35M | 13.10M | 18.03M | 7.69M | 4.37M |
| Change in Working Capital | 3.77M | -5.55M | -49.18M | -3.21M | 9.56M | 17.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 342.17M | 391.80M | 407.63M | 1.45B | 1.13B | 1.04B |
| Enterprise Value | 96.44M | 98.49M | 46.70M | 936.84M | 749.62M | 900.40M |
| Last Close Price | 8.70 | 9.58 | 8.47 | 30.87 | 25.30 | 24.05 |
| PE Ratio | 32.32 | 12.63 | 11.59 | 26.92 | ||
| Forward PE | 37.02 | 140.44 | 92.77 | 12.08 | 15.89 | 24.69 |
| PS Ratio | 0.78 | 0.89 | 0.82 | 1.95 | 1.76 | 2.18 |
| PB Ratio | 0.52 | 0.58 | 0.56 | 2.02 | 1.94 | 2.23 |
| P/TBV Ratio | 1.24 | 1.22 | 1.00 | 3.81 | 3.36 | 4.72 |
| P/FCF Ratio | 9.66 | 10.28 | 6,084.09 | 9.39 | 9.33 | 14.79 |
| P/OCF Ratio | 9.29 | 9.35 | 58.74 | 9.34 | 9.25 | 14.66 |
| PEG Ratio | 1.95 | 7.39 | 4.22 | 0.55 | 0.64 | 0.99 |
| EV/Sales Ratio | 0.22 | 0.22 | 0.09 | 1.26 | 1.17 | 1.88 |
| EV/EBITDA Ratio | 4.59 | 6.37 | 6.38 | 17.26 | ||
| EV/EBIT Ratio | 8.65 | 7.04 | 7.24 | 20.63 | ||
| EV/FCF Ratio | 2.72 | 2.58 | 697.08 | 6.06 | 6.19 | 12.78 |
| Debt / Equity Ratio | 0.04 | 0.03 | 0.03 | 0.01 | 0.02 | 0.03 |
| Debt / EBITDA Ratio | 1.59 | 0.05 | 0.10 | 0.24 | ||
| Debt / FCF Ratio | 0.62 | 0.59 | 332.87 | 0.05 | 0.10 | 0.19 |
| Net Debt / Equity Ratio | -0.40 | -0.43 | -0.49 | -0.65 | -0.72 | -0.66 |
| Net Debt / EBITDA Ratio | 24.93 | 34.79 | -34.50 | -3.16 | -3.56 | -5.91 |
| Net Debt / FCF Ratio | -6.94 | -7.62 | -5,239.30 | -3.01 | -3.45 | -4.37 |
| Asset Turnover | 0.50 | 0.48 | 0.50 | 0.76 | 0.81 | 0.89 |
| Quick Ratio | 2.38 | 2.65 | 3.32 | 2.07 | 2.52 | 2.26 |
| Current Ratio | 2.53 | 2.76 | 3.47 | 2.14 | 2.57 | 2.30 |
| Return on Equity (ROE) | -1.96% | -1.13% | 1.75% | 17.67% | 18.57% | 11.89% |
| Return on Assets (ROA) | -1.23% | -0.93% | 0.34% | 8.54% | 8.18% | 5.09% |
| Return on Invested Capital (ROIC) | -4.58% | -3.59% | 1.41% | 54.07% | 55.75% | 23.82% |
| Return on Capital Employed (ROCE) | -2.60% | -1.90% | 0.70% | 18.00% | 16.30% | 8.40% |
| Earnings Yield | -3.79% | -2.02% | 3.09% | 7.92% | 8.63% | 3.71% |
| FCF Yield | 10.35% | 9.73% | 0.02% | 10.65% | 10.71% | 6.76% |
| Buyback Yield / Dilution | 12.19% | 15.05% | 1.03% | -4.17% | -27.07% | -31.36% |