NASDAQ : RDCM
RADCOM Ltd. — Financial statements
Communication Services · Telecom Services · Israel
Last price 10.69 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 178.93M
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Financial statements
RADCOM Ltd. (RDCM) reported revenue of 67.59M 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 | 67.59M | 71.49M | 61.01M | 51.60M | 46.05M | 40.28M |
| Cost of Revenue | 15.79M | 16.81M | 15.37M | 13.33M | 12.32M | 11.42M |
| Gross Profit | 51.80M | 54.69M | 45.64M | 38.27M | 33.73M | 28.86M |
| Selling, General & Admin | 28.01M | 27.71M | 25.74M | 21.23M | 17.12M | 14.54M |
| Research & Development | 20.27M | 18.67M | 16.82M | 17.70M | 20.72M | 19.81M |
| Operating Expenses | 48.28M | 46.38M | 42.56M | 38.93M | 37.84M | 34.35M |
| Operating Income | 3.52M | 8.30M | 3.09M | -662.00K | -4.11M | -5.49M |
| Interest & Investment Income | 5.08M | 4.97M | 4.69M | 4.30M | 1.78M | 666.00K |
| Currency Exchange Gain (Loss) | -479.00K | -479.00K | -388.00K | 388.00K | 254.00K | -297.00K |
| Other Non Operating Income (Expenses) | -207.00K | -207.00K | -189.00K | -135.00K | -16.00K | -15.00K |
| Pretax Income | 7.91M | 12.59M | 7.20M | 3.90M | -2.10M | -5.14M |
| Income Tax Expense | 835.00K | 595.00K | 234.00K | 182.00K | 159.00K | 124.00K |
| Net Income | 7.08M | 11.99M | 6.97M | 3.71M | -2.26M | -5.26M |
| Net Income to Common | 7.08M | 11.99M | 6.97M | 3.71M | -2.26M | -5.26M |
| Shares Outstanding (Basic) | 16.60M | 16.27M | 15.67M | 15.10M | 14.53M | 14.12M |
| Shares Outstanding (Diluted) | 16.87M | 16.84M | 16.16M | 15.30M | 14.53M | 14.12M |
| EPS (Basic) | 0.43 | 0.74 | 0.44 | 0.25 | -0.16 | -0.37 |
| EPS (Diluted) | 0.42 | 0.71 | 0.43 | 0.24 | -0.16 | -0.37 |
| Free Cash Flow | 14.22M | 10.96M | 4.47M | 5.87M | 1.56M | |
| Free Cash Flow Per Share | 0.84 | 0.68 | 0.29 | 0.40 | 0.11 | |
| Gross Margin | 76.64% | 76.49% | 74.81% | 74.16% | 73.24% | 71.64% |
| Operating Margin | 5.21% | 11.61% | 5.06% | -1.28% | -8.93% | -13.64% |
| Profit Margin | 10.47% | 16.77% | 11.42% | 7.20% | -4.90% | -13.06% |
| Free Cash Flow Margin | 19.89% | 17.97% | 8.67% | 12.75% | 3.89% | |
| EBITDA | 4.22M | 9.00M | 3.77M | -41.00K | -3.64M | -4.95M |
| EBITDA Margin | 6.25% | 12.58% | 6.17% | -0.08% | -7.90% | -12.30% |
| D&A For EBITDA | 701.50K | 694.00K | 679.00K | 621.00K | 477.00K | 540.00K |
| EBIT | 3.52M | 8.30M | 3.09M | -662.00K | -4.11M | -5.49M |
| EBIT Margin | 5.21% | 11.61% | 5.06% | -1.28% | -8.93% | -13.64% |
| Effective Tax Rate | 10.55% | 4.73% | 3.25% | 4.67% | ||
| Revenue as Reported | 71.49M | 71.49M | 61.01M | 51.60M | 46.05M | 40.28M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 12.61M | 30.49M | 19.24M | 10.89M | 9.53M | 11.95M |
| Short-Term Investments | 97.09M | 79.44M | 75.43M | 71.27M | 64.13M | 58.62M |
| Cash & Short-Term Investments | 109.70M | 109.92M | 94.67M | 82.17M | 73.66M | 70.57M |
| Accounts Receivable | 21.56M | 20.25M | 19.04M | 13.41M | 11.07M | 10.03M |
| Other Receivables | 2.46M | 848.00K | 628.00K | 581.00K | 429.00K | 340.00K |
| Receivables | 24.02M | 21.09M | 19.67M | 13.99M | 11.50M | 10.37M |
| Inventory | 674.00K | 318.00K | 1.67M | 246.00K | 795.00K | 931.00K |
| Prepaid Expenses | 1.19M | 1.19M | 1.01M | 1.50M | 1.62M | |
| Total Current Assets | 134.39M | 132.52M | 117.20M | 97.42M | 87.45M | 83.50M |
| Property, Plant & Equipment | 3.68M | 3.89M | 4.30M | 2.45M | 3.47M | 3.07M |
| Long-Term Investments | 4.00M | |||||
| Goodwill | 1.24M | 1.24M | 1.24M | |||
| Other Intangible Assets | 2.10M | 1.03M | 1.37M | 1.71M | ||
| Long-Term Deferred Charges | 1.21M | 2.19M | 1.05M | |||
| Other Long-Term Assets | 6.38M | 6.30M | 6.47M | 3.51M | 3.89M | 4.05M |
| Total Assets | 146.55M | 144.97M | 130.57M | 107.53M | 101.00M | 91.66M |
| Accounts Payable | 3.66M | 2.63M | 2.46M | 2.64M | 2.71M | 2.65M |
| Accrued Expenses | 15.66M | 18.20M | 17.64M | 14.94M | 12.03M | 9.85M |
| Current Portion of Leases | 1.19M | 1.10M | 966.00K | 1.06M | 1.02M | 1.04M |
| Current Unearned Revenue | 1.16M | 1.10M | 6.85M | 1.47M | 7.04M | 2.70M |
| Total Current Liabilities | 21.67M | 23.03M | 27.91M | 20.11M | 22.80M | 16.25M |
| Long-Term Leases | 1.66M | 2.13M | 2.44M | 561.00K | 1.45M | 894.00K |
| Other Long-Term Liabilities | 5.79M | 5.71M | 4.55M | 4.37M | 3.97M | 4.37M |
| Total Liabilities | 29.13M | 30.87M | 34.90M | 25.04M | 28.22M | 21.51M |
| Common Stock | 830.00K | 809.00K | 769.00K | 736.00K | 706.00K | 669.00K |
| Additional Paid-In Capital | 170.44M | 167.17M | 160.76M | 154.70M | 148.61M | 143.47M |
| Retained Earnings | -50.99M | -50.95M | -62.94M | -69.91M | -73.62M | -71.37M |
| Comprehensive Income & Other | -2.85M | -2.92M | -2.91M | -3.03M | -2.91M | -2.62M |
| Shareholders' Equity | 117.43M | 114.11M | 95.68M | 82.49M | 72.78M | 70.15M |
| Total Liabilities & Equity | 146.55M | 144.97M | 130.57M | 107.53M | 101.00M | 91.66M |
| Total Debt | 2.85M | 3.23M | 3.40M | 1.62M | 2.48M | 1.94M |
| Net Cash (Debt) | 106.85M | 106.69M | 91.27M | 80.54M | 71.18M | 68.63M |
| Net Cash Per Share | 6.33 | 6.34 | 5.65 | 5.26 | 4.90 | 4.86 |
| Filing Date Shares Outstanding | 16.84M | 16.69M | 16.03M | 15.47M | 14.99M | 14.43M |
| Total Common Shares Outstanding | 16.84M | 16.59M | 15.92M | 15.31M | 14.74M | 14.16M |
| Working Capital | 112.72M | 109.49M | 89.29M | 77.30M | 64.66M | 67.25M |
| Book Value Per Share | 6.97 | 6.88 | 6.01 | 5.39 | 4.94 | 4.96 |
| Tangible Book Value | 115.33M | 111.84M | 93.07M | 79.54M | 72.78M | 70.15M |
| Tangible Book Value Per Share | 6.85 | 6.74 | 5.85 | 5.20 | 4.94 | 4.96 |
| Machinery | 5.62M | 5.23M | 4.97M | 4.81M | 4.64M | |
| Leasehold Improvements | 353.00K | 334.00K | 320.00K | 314.00K | 297.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.99M | 6.97M | 3.71M | -2.26M | -5.26M | |
| Depreciation & Amortization | 694.00K | 679.00K | 621.00K | 477.00K | 540.00K | |
| Stock-Based Compensation | 6.12M | 6.10M | 6.12M | 5.17M | 3.36M | |
| Change in Accounts Receivable | -1.20M | -5.64M | -2.33M | -1.04M | 2.41M | |
| Change in Inventory | 1.27M | -1.42M | 552.00K | 157.00K | -410.00K | |
| Change in Accounts Payable | 181.00K | -175.00K | -17.00K | 16.00K | 1.02M | |
| Change in Unearned Revenue | -5.75M | 5.39M | -5.58M | 4.34M | -411.00K | |
| Change in Other Net Operating Assets | 1.31M | -508.00K | 1.63M | -850.00K | 761.00K | |
| Operating Cash Flow | 14.61M | 11.39M | 4.71M | 6.02M | 2.00M | |
| Capital Expenditures | -384.00K | -427.00K | -232.00K | -150.00K | -437.00K | |
| Cash Acquisitions | -2.48M | |||||
| Investment in Securities | -3.63M | -2.31M | -885.00K | -8.28M | -3.06M | |
| Investing Cash Flow | -4.01M | -2.74M | -3.59M | -8.43M | -3.50M | |
| Issuance of Common Stock | 335.00K | |||||
| Financing Cash Flow | 335.00K | |||||
| Foreign Exchange Rate Adjustments | 312.00K | -299.00K | 253.00K | -9.00K | -101.00K | |
| Net Cash Flow | 11.24M | 8.35M | 1.36M | -2.42M | -1.60M | |
| Free Cash Flow | 14.22M | 10.96M | 4.47M | 5.87M | 1.56M | |
| Free Cash Flow Margin | 19.89% | 17.97% | 8.67% | 12.75% | 3.89% | |
| Free Cash Flow Per Share | 0.84 | 0.68 | 0.29 | 0.40 | 0.11 | |
| Levered Free Cash Flow | 6.53M | 8.90M | 1.92M | 8.63M | 2.85M | |
| Unlevered Free Cash Flow | 6.53M | 8.90M | 1.92M | 8.63M | 2.85M | |
| Cash Income Tax Paid | 485.00K | 278.00K | 190.00K | 104.00K | 82.00K | |
| Change in Working Capital | -4.19M | -2.36M | -5.75M | 2.62M | 3.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 170.56M | 214.59M | 196.30M | 121.38M | 158.47M | 184.01M |
| Enterprise Value | 63.72M | 111.29M | 106.94M | 44.41M | 90.35M | 119.21M |
| Last Close Price | 10.19 | 13.08 | 12.36 | 8.06 | 10.94 | 13.05 |
| PE Ratio | 24.29 | 17.90 | 28.17 | 32.69 | ||
| Forward PE | 27.17 | 12.89 | 15.07 | 13.43 | 60.78 | 55.85 |
| PS Ratio | 2.52 | 3.00 | 3.22 | 2.35 | 3.44 | 4.57 |
| PB Ratio | 1.46 | 1.88 | 2.05 | 1.47 | 2.18 | 2.62 |
| P/TBV Ratio | 1.48 | 1.92 | 2.11 | 1.53 | 2.18 | 2.62 |
| P/FCF Ratio | 11.99 | 15.09 | 17.91 | 27.13 | 27.00 | 117.58 |
| P/OCF Ratio | 14.69 | 17.24 | 25.79 | 26.33 | 91.91 | |
| PEG Ratio | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | |
| EV/Sales Ratio | 0.94 | 1.56 | 1.75 | 0.86 | 1.96 | 2.96 |
| EV/EBITDA Ratio | 15.09 | 12.37 | 28.40 | |||
| EV/EBIT Ratio | 18.10 | 13.40 | 34.64 | |||
| EV/FCF Ratio | 4.48 | 7.83 | 9.76 | 9.93 | 15.39 | 76.17 |
| Debt / Equity Ratio | 0.02 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.52 | 0.32 | 0.69 | 1.48 | ||
| Debt / FCF Ratio | 0.23 | 0.31 | 0.36 | 0.42 | 1.24 | |
| Net Debt / Equity Ratio | -0.91 | -0.94 | -0.95 | -0.98 | -0.98 | -0.98 |
| Net Debt / EBITDA Ratio | -25.30 | -11.86 | -24.23 | 1,964.44 | 19.57 | 13.86 |
| Net Debt / FCF Ratio | -7.50 | -8.33 | -18.00 | -12.13 | -43.85 | |
| Asset Turnover | 0.48 | 0.52 | 0.51 | 0.49 | 0.48 | 0.43 |
| Inventory Turnover | 16.69 | 16.93 | 16.06 | 25.62 | 14.28 | 15.53 |
| Quick Ratio | 6.17 | 5.69 | 4.10 | 4.78 | 3.74 | 4.98 |
| Current Ratio | 6.20 | 5.75 | 4.20 | 4.84 | 3.84 | 5.14 |
| Return on Equity (ROE) | 6.39% | 11.43% | 7.82% | 4.78% | -3.16% | -7.40% |
| Return on Assets (ROA) | 1.56% | 3.77% | 1.62% | -0.40% | -2.67% | -3.71% |
| Return on Invested Capital (ROIC) | 26.52% | 106.67% | ||||
| Return on Capital Employed (ROCE) | 2.80% | 6.80% | 3.00% | -0.80% | -5.30% | -7.30% |
| Earnings Yield | 4.12% | 5.59% | 3.55% | 3.06% | -1.42% | -2.86% |
| FCF Yield | 8.34% | 6.63% | 5.58% | 3.69% | 3.70% | 0.85% |
| Buyback Yield / Dilution | -2.02% | -4.21% | -5.60% | -5.32% | -2.84% | -1.41% |