Perion Network Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $439.9M | $498.3M | $743.2M | $640.3M | $478.5M | $328.1M | $261.5M | $252.8M |
| Cost of Revenue | — | — | — | — | — | — | $25.5M | $23.8M |
| Gross Profit | — | — | — | — | — | — | $235.9M | $229.1M |
| Gross Margin | — | — | — | — | — | — | 90.2% | 90.6% |
| Operating Expenses | ||||||||
| Research & Development | $34.7M | $36.7M | $33.9M | $34.6M | $35.3M | $30.9M | $22.6M | $18.9M |
| SG&A Expense | $36.4M | $38.7M | $32.1M | $27.7M | $23.2M | $15.8M | $15.0M | $16.5M |
| Operating Income | $-14.9M | $-3.0M | $114.3M | $107.4M | $45.9M | $12.3M | $18.0M | $14.7M |
| Operating Margin | -3.4% | -0.6% | 15.4% | 16.8% | 9.6% | 3.7% | 6.9% | 5.8% |
| Interest Expense | — | — | — | — | — | $1.0M | $2.3M | $3.9M |
| Pretax Income | $-5.0M | $15.5M | $135.2M | $111.9M | $45.3M | $9.6M | $14.5M | $10.9M |
| Income Tax Expense | $3.0M | $2.9M | $20.3M | $14.4M | $6.6M | $-610.0K | $1.6M | $2.8M |
| Net Income | $-7.9M | $12.6M | $115.0M | $97.5M | $38.7M | $10.2M | $12.9M | $8.1M |
| Net Margin | -1.8% | 2.5% | 15.5% | 15.2% | 8.1% | 3.1% | 4.9% | 3.2% |
| EPS (Basic) | $-0.19 | $0.27 | $2.44 | $2.17 | $1.13 | $0.38 | $0.50 | $0.31 |
| EPS (Diluted) | $-0.19 | $0.25 | $2.30 | $2.03 | $1.02 | $0.36 | $0.49 | $0.31 |
| Shares Outstanding (Basic) | 42.1M | 47.3M | 47.1M | 44.9M | 34.4M | 26.7M | 26.0M | 25.9M |
| Shares Outstanding (Diluted) | 42.1M | 49.6M | 50.1M | 48.1M | 37.8M | 28.8M | 26.4M | 25.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |