Financials · AUDC

AudioCodes Ltd. (AUDC) financials

For fiscal 2025 (ended Dec 31, 2025), AudioCodes Ltd. reported $245.60M of revenue and $8.96M of net income.

Revenue, FY2025
$245.60M
Revenue growth, YoY
+1.4%
Net income, FY2025
$8.96M
Net income growth, YoY
-41.5%
Net margin
3.6%
Free cash flow, FY2025
$22.89M
EPS, diluted, FY2025
$0.31
EPS growth, YoY
-38.0%
Cash
$45.28M
P/E
23.34
P/S
0.85
Market cap
$209.0M
Annual revenue$245.60M
FY2016FY2025
Annual net income$8.96M
FY2016FY2025
Annual free cash flow$22.89M
FY2016FY2025

AUDC revenue and earnings growth

AUDC revenueFY2025$245.60M

FY YoY
+1.4%
5Y CAGR
+2.2%
10Y CAGR
+5.8%

AUDC revenue was $245.60M for fiscal 2025 (ended Dec 31, 2025), up 1.4% from fiscal 2024. Compound annual growth was +2.2% over 5 years and +5.8% over 10 years. It rose in 8 of the last 10 fiscal years.

AUDC net incomeFY2025$8.96M

FY YoY
-41.5%
5Y CAGR
-20.0%
10Y CAGR
+37.7%

AUDC net income was $8.96M for fiscal 2025 (ended Dec 31, 2025), down 41.5% from fiscal 2024. Compound annual growth was -20.0% over 5 years and +37.7% over 10 years. It rose in 5 of the last 10 fiscal years.

AUDC EPSFY2025$0.31

FY YoY
-38.0%
5Y CAGR
-17.9%
10Y CAGR
+41.0%

AUDC diluted EPS was $0.31 for fiscal 2025 (ended Dec 31, 2025), down 38.0% from fiscal 2024. Compound annual growth was -17.9% over 5 years and +41.0% over 10 years.

AUDC free cash flowFY2025$22.89M

FY YoY
+108.6%
5Y CAGR
-9.1%
10Y CAGR
+3.9%

AUDC free cash flow was $22.89M for fiscal 2025 (ended Dec 31, 2025), up 108.6% from fiscal 2024. Compound annual growth was -9.1% over 5 years and +3.9% over 10 years. It rose in 7 of the last 10 fiscal years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$245.60M$242.18M$244.38M$275.09M$248.92M$220.77M$200.29M$176.22M$156.74M$145.57M
Cost of revenue$85.97M$84.02M$86.03M$96.31M$78.03M$70.96M$105.33M$65.62M$58.89M$57.23M
Gross profit$159.63M$158.16M$158.35M$178.78M$170.89M$149.82M$94.96M$110.61M$97.84M$88.34M
Research and development$52.59M$52.13M$57.17M$59.84M$53.40M$46.07M$41.20M$34.66M$30.35M$29.14M
Selling, general and admin$15.76M$17.68M$16.51M$17.49M$15.91M$14.18M$11.78M$10.25M$8.89M$6.36M
Operating income$14.04M$17.19M$14.42M$31.32M$39.52M$38.35M-$9.55M$16.36M$9.65M$7.75M
Interest expense--$1.56M$325.0K$621.0K$657.0K$198.0K$266.0K$294.0K$262.0K
Pre-tax income$13.58M$15.10M$14.37M$34.18M$39.65M$36.65M-$11.31M$16.59M$9.64M$7.59M
Income tax$4.62M-$215.0K$5.59M$5.72M$5.90M$9.40M-$15.29M$3.09M$5.61M-$8.64M
Net income$8.96M$15.31M$8.78M$28.47M$33.75M$27.25M$3.98M$13.49M$4.03M$16.24M
EPS, basic$0.31$0.51$0.28$0.89$1.03$0.87$0.14$0.47$0.13$0.46
EPS, diluted$0.31$0.50$0.28$0.88$1.00$0.83$0.13$0.45$0.13$0.45
Diluted shares29.0M30.6M31.6M32.5M33.8M32.9M30.8M30.2M32.2M35.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$45.28M$58.75M$30.55M$24.54M$84.52M$46.03M$69.77M$31.50M$24.23M$24.34M
Short-term investments--$7.44M$2.12M$669.0K-----
Receivables$67.36M$56.02M$51.13M$56.42M$48.96M$34.52M$27.50M$22.28M$22.06M$25.45M
Inventory$22.03M$31.46M$43.96M$36.38M$23.99M$29.19M$28.27M$22.62M$16.56M$16.33M
Current assets$181.32M$162.88M$142.66M$149.93M$167.55M$203.64M$132.59M$114.27M$77.38M$79.68M
Goodwill$37.56M$37.56M$37.56M$37.56M$37.56M$36.22M$36.22M$36.22M$36.22M$36.22M
Total assets$323.02M$335.90M$337.52M$323.83M$349.36M$358.12M$244.32M$179.37M$170.94M$186.98M
Current liabilities$81.58M$77.76M$84.20M$94.46M$95.94M$94.76M$86.66M$54.94M$45.36M$44.73M
Total liabilities$151.72M$144.09M$149.41M$134.07M$143.87M-----
Shareholders' equity$171.30M$191.81M$188.11M$189.76M$205.50M$209.85M$92.47M$94.55M$92.38M$108.66M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$29.36M$35.25M$14.89M$8.28M$47.34M$38.48M$23.17M$25.58M$17.77M$18.34M
Capital expenditures$6.47M$24.28M$5.96M$1.49M$1.17M$1.53M$1.95M$1.34M$1.57M$1.48M
Free cash flow$22.89M$10.97M$8.93M$6.79M$46.17M$36.95M$21.22M$24.24M$16.19M$16.86M
Investing cash flow-$1.55M$17.81M$19.98M-$19.67M$42.62M-$139.31M$29.60M-$1.09M$8.40M$14.06M
Financing cash flow-$41.28M-$24.86M-$28.86M-$48.60M-$51.48M$77.09M-$14.50M-$17.22M-$26.28M-$26.97M
Dividends paid$10.93M$10.90M$11.40M$11.55M$10.87M$8.44M$6.72M$5.76M$0$0
Share repurchases$30.60M$14.33M$18.26M$38.10M$41.85M$0$8.00M$14.32M$25.56M$29.39M
Stock-based compensation$6.51M$8.23M$11.38M$15.12M$14.16M$8.77M$5.29M$3.29M$2.31M$2.41M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY1.4%-0.9%-11.2%10.5%12.7%10.2%13.7%12.4%7.7%4.2%
Net income growth, YoY-41.5%74.4%-69.2%-15.7%23.9%585.1%-70.5%234.8%-75.2%4336.6%
EPS growth, YoY-38.0%78.6%-68.2%-12.0%20.5%538.5%-71.1%246.2%-71.1%4400.0%
Gross margin65.0%65.3%64.8%65.0%68.7%67.9%47.4%62.8%62.4%60.7%
Operating margin5.7%7.1%5.9%11.4%15.9%17.4%-4.8%9.3%6.2%5.3%
Net margin3.6%6.3%3.6%10.3%13.6%12.3%2.0%7.7%2.6%11.2%
Free cash flow margin9.3%4.5%3.7%2.5%18.5%16.7%10.6%13.8%10.3%11.6%
Return on equity5.2%8.0%4.7%15.0%16.4%13.0%4.3%14.3%4.4%14.9%
Return on assets2.8%4.6%2.6%8.8%9.7%7.6%1.6%7.5%2.4%8.7%
Current ratio2.222.091.691.591.752.151.532.081.711.78

Source: XBRL data AudioCodes Ltd. files with the SEC, latest filing dated Mar 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

AUDC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AUDC$245.60M+1.4%$8.96M3.6%$209.0M
VZ$139.39B+1.4%$16.42B11.8%$190.90B
TMUS$93.82B+9.3%$11.30B12.0%$178.71B
T$128.85B+3.5%$13.13B10.2%$146.82B
GLW$17.72B+18.8%$2.24B12.6%$99.88B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$78.39B
LITE$3.74B+103.2%-$6.58B-175.8%$54.07B
CIEN$6.02B+32.6%$654.41M10.9%$38.19B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B

AUDC FAQ

9 questions
  • What is AUDC revenue?
    AudioCodes Ltd. (AUDC) reported $245.60M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 1.4% from the year before.
  • Is AUDC profitable?
    Yes. AudioCodes Ltd. earned $8.96M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 3.6%.
  • How much cash and debt does AUDC have?
    AudioCodes Ltd. reported $45.28M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is AUDC revenue growing?
    AudioCodes Ltd.'s revenue changed +1.4% in fiscal 2025, to $245.60M. Its compound annual growth rate was +2.2% over 5 years and +5.8% over 10 years.
  • What is AUDC gross margin?
    AudioCodes Ltd.'s gross profit was $159.63M on $245.60M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 65.0%.
  • What is AUDC free cash flow?
    AudioCodes Ltd. generated $22.89M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $29.36M less capital expenditures.
  • What is AUDC earnings per share?
    Diluted earnings per share were $0.31 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did AUDC last report financial results?
    The latest statements here come from AudioCodes Ltd.'s 20-F filed on Mar 30, 2026, covering the period ended Dec 31, 2025.
  • Where does this AUDC financial data come from?
    Quantisnow builds these statements from the structured XBRL data AudioCodes Ltd. files with the SEC. It is provided for information only and is not investment advice.