Fundies.
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Perion Network Ltd.

EDGAR
PERI Report (type unavailable) · filed 2026-08-26

Annual consolidated revenue for 2025: about USD 439.9M, using the latest reported figures. The previous period, 2024, was about USD 498.3M.

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Watchlist

Latest fiscal year

Revenue

440 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-3.39%

2025 · %

Exact inputs and evidence
  • Operating Income: -14902000 USD Source
  • Revenue: 439927000 USD Source

Operating cash flow

41.9 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 41927000 USD Source

Free cash flow

38.1 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 41927000 USD Source
  • Capital Expenditure: 3800000 USD Source
Cash and cash equivalents
90 million USD Source
Exact value

89997000 USD

Long-term debt including current maturities
Not available
Shares outstanding
39 million shares Source
Exact value

39024964 shares

Reported share-count change

-12.94% · -5.8 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 44825053 shares · 2024-12-31· Source
  • 39024964 shares · 2025-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-26.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 10 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -11.7%

    Prior period

    USD 498.29 million

    –

    Current period

    USD 439.93 million

    –

    Exact inputs and evidence

    439927000 − 498286000 = -58359000 USD

    498286000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    439927000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -162.9%

    Prior period

    USD 12.61 million

    –

    Current period

    −USD 7.93 million

    –

    Exact inputs and evidence

    -7933000 − 12614000 = -20547000 USD

    12614000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -7933000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +504.2%

    Prior period

    USD 6.94 million

    –

    Current period

    USD 41.93 million

    –

    Exact inputs and evidence

    41927000 − 6939000 = 34988000 USD

    6939000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    41927000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -44.7%

    Prior period

    USD 6.87 million

    –

    Current period

    USD 3.8 million

    –

    Exact inputs and evidence

    3800000 − 6872000 = -3072000 USD

    6872000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3800000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 439.93 million 100% of revenue
  • Operating costs Derived USD 454.83 million 103% of revenue
  • Operating income −USD 14.9 million −3.4% of revenue
  • Tax, interest and other Derived −USD 6.97 million −1.6% of revenue
  • Net income −USD 7.93 million −1.8% of revenue

Cash

  • Operating cash flow USD 41.93 million 9.5% of revenue
  • Capital expenditure USD 3.8 million 0.9% of revenue
  • Free cash flow Derived USD 38.13 million 8.7% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2015 Operating loss: operating costs were 130% of revenue.
  • 2019 93%
  • 2020 96%
  • 2021 90%
  • 2022 15%83%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 Operating loss: operating costs were 101% of revenue.
  • 2025 Operating loss: operating costs were 103% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2015-01-01 – 2015-12-31220950000 286971000 Derived -66021000 2636000 Derived -68657000 15540000 Derived
Source
2019 2019-01-01 – 2019-12-31261450000 243442000 Derived 18008000 5115000 Derived 12893000 43532000 Derived
Source
2020 2020-01-01 – 2020-12-31328063000 315810000 Derived 12253000 2028000 Derived 10225000 21700000 Derived
Source
2021 2021-01-01 – 2021-12-31478498000 432602000 Derived 45896000 7190000 Derived 38706000 70479000 Derived
Source
2022 2022-01-01 – 2022-12-31640256000 532840000 Derived 107416000 9937000 Derived 97479000 121061000 Derived
Source
2023 2023-01-01 – 2023-12-31743155000 628865000 Derived 114290000 -673000 Derived 114963000 154652000 Derived
Source
2024 2024-01-01 – 2024-12-31498286000 501324000 Derived -3038000 -15652000 Derived 12614000 67000 Derived
Source
2025 2025-01-01 – 2025-12-31439927000 454829000 Derived -14902000 -6969000 Derived -7933000 38127000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 439.9M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.802.6M602.0M401.3M200.7M0.0201520222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue220950000
2019Revenue261450000
2020Revenue328063000
2021Revenue478498000
2022Revenue640256000
2023Revenue743155000
2024Revenue498286000
2025Revenue439927000

Revenue growth

Change in revenue from the same financial period one year earlier.

-11.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.52%29%6%-16%-39%201520222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2019Year over yearNo prior comparable period
2020Year over year25.5%
2021Year over year45.9%
2022Year over year33.8%
2023Year over year16.1%
2024Year over year-32.9%
2025Year over year-11.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -3.4% 2025
Net margin -1.8% 2025
Free cash flow margin 8.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25%10%-5%-20%-35%201520222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin-29.9%
2019Operating margin6.9%
2020Operating margin3.7%
2021Operating margin9.6%
2022Operating margin16.8%
2023Operating margin15.4%
2024Operating margin-0.6%
2025Operating margin-3.4%
2015Net margin-31.1%
2019Net margin4.9%
2020Net margin3.1%
2021Net margin8.1%
2022Net margin15.2%
2023Net margin15.5%
2024Net margin2.5%
2025Net margin-1.8%
2015Free cash flow margin7%
2019Free cash flow margin16.7%
2020Free cash flow margin6.6%
2021Free cash flow margin14.7%
2022Free cash flow margin18.9%
2023Free cash flow margin20.8%
2024Free cash flow margin0%
2025Free cash flow margin8.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 41.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.167.9M125.9M84.0M42.0M0.0201520222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flow17569000
2019Operating cash flow44741000
2020Operating cash flow22159000
2021Operating cash flow71106000
2022Operating cash flow122119000
2023Operating cash flow155463000
2024Operating cash flow6939000
2025Operating cash flow41927000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 38.1M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.167.0M125.3M83.5M41.8M0.0201520222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flow15540000
2019Free cash flow43532000
2020Free cash flow21700000
2021Free cash flow70479000
2022Free cash flow121061000
2023Free cash flow154652000
2024Free cash flow67000
2025Free cash flow38127000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

26% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.59%44%30%15%0%201520222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets54.8%
2019Liabilities / assets41.8%
2020Liabilities / assets48.7%
2021Liabilities / assets34.5%
2022Liabilities / assets33%
2023Liabilities / assets33.3%
2024Liabilities / assets21%
2025Liabilities / assets26%

Current assets to current liabilities

Current assets divided by current liabilities.

2.76× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.75×2.81×1.87×0.94×0.00×201520222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015Current assets / current liabilities1.35×
2019Current assets / current liabilities1.38×
2020Current assets / current liabilities1.23×
2021Current assets / current liabilities2.3×
2022Current assets / current liabilities2.57×
2023Current assets / current liabilities2.14×
2024Current assets / current liabilities3.47×
2025Current assets / current liabilities2.76×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2015 2015-01-01 – 2015-12-31
−USD 68.66 million
Exact value

Exact value: -68657000 USD

2015-01-01 – 2015-12-31: -68657000 USD Inspect Net Income Open source
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USD 17.57 million
Exact value

Exact value: 17569000 USD

2015-01-01 – 2015-12-31: 17569000 USD Inspect Operating Cash Flow Open source
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USD 2.03 million
Exact value

Exact value: 2029000 USD

2015-01-01 – 2015-12-31: 2029000 USD Inspect Capital Expenditure Open source
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USD 15.54 million
Calculation and evidence

17569000 − 2029000 USD

Exact free cash flow: 15540000 USD

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2016 2016-01-01 – 2016-12-31
USD 201,000
Exact value

Exact value: 201000 USD

2016-01-01 – 2016-12-31: 201000 USD Inspect Net Income Open source
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Unavailable Not reported for this period.
Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 72.75 million
Exact value

Exact value: -72754000 USD

2017-01-01 – 2017-12-31: -72754000 USD Inspect Net Income Open source
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Unavailable Not reported for this period.
Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 12.89 million
Exact value

Exact value: 12893000 USD

2019-01-01 – 2019-12-31: 12893000 USD Inspect Net Income Open source
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USD 44.74 million
Exact value

Exact value: 44741000 USD

2019-01-01 – 2019-12-31: 44741000 USD Inspect Operating Cash Flow Open source
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USD 1.21 million
Exact value

Exact value: 1209000 USD

2019-01-01 – 2019-12-31: 1209000 USD Inspect Capital Expenditure Open source
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USD 43.53 million
Calculation and evidence

44741000 − 1209000 USD

Exact free cash flow: 43532000 USD

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2020 2020-01-01 – 2020-12-31
USD 10.23 million
Exact value

Exact value: 10225000 USD

2020-01-01 – 2020-12-31: 10225000 USD Inspect Net Income Open source
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USD 22.16 million
Exact value

Exact value: 22159000 USD

2020-01-01 – 2020-12-31: 22159000 USD Inspect Operating Cash Flow Open source
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USD 459,000
Exact value

Exact value: 459000 USD

2020-01-01 – 2020-12-31: 459000 USD Inspect Capital Expenditure Open source
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USD 21.7 million
Calculation and evidence

22159000 − 459000 USD

Exact free cash flow: 21700000 USD

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2021 2021-01-01 – 2021-12-31
USD 38.71 million
Exact value

Exact value: 38706000 USD

2021-01-01 – 2021-12-31: 38706000 USD Inspect Net Income Open source
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USD 71.11 million
Exact value

Exact value: 71106000 USD

2021-01-01 – 2021-12-31: 71106000 USD Inspect Operating Cash Flow Open source
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USD 627,000
Exact value

Exact value: 627000 USD

2021-01-01 – 2021-12-31: 627000 USD Inspect Capital Expenditure Open source
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USD 70.48 million
Calculation and evidence

71106000 − 627000 USD

Exact free cash flow: 70479000 USD

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2022 2022-01-01 – 2022-12-31
USD 97.48 million
Exact value

Exact value: 97479000 USD

2022-01-01 – 2022-12-31: 97479000 USD Inspect Net Income Open source
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USD 122.12 million
Exact value

Exact value: 122119000 USD

2022-01-01 – 2022-12-31: 122119000 USD Inspect Operating Cash Flow Open source
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USD 1.06 million
Exact value

Exact value: 1058000 USD

2022-01-01 – 2022-12-31: 1058000 USD Inspect Capital Expenditure Open source
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USD 121.06 million
Calculation and evidence

122119000 − 1058000 USD

Exact free cash flow: 121061000 USD

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2023 2023-01-01 – 2023-12-31
USD 114.96 million
Exact value

Exact value: 114963000 USD

2023-01-01 – 2023-12-31: 114963000 USD Inspect Net Income Open source
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USD 155.46 million
Exact value

Exact value: 155463000 USD

2023-01-01 – 2023-12-31: 155463000 USD Inspect Operating Cash Flow Open source
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USD 811,000
Exact value

Exact value: 811000 USD

2023-01-01 – 2023-12-31: 811000 USD Inspect Capital Expenditure Open source
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USD 154.65 million
Calculation and evidence

155463000 − 811000 USD

Exact free cash flow: 154652000 USD

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2024 2024-01-01 – 2024-12-31
USD 12.61 million
Exact value

Exact value: 12614000 USD

2024-01-01 – 2024-12-31: 12614000 USD Inspect Net Income Open source
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USD 6.94 million
Exact value

Exact value: 6939000 USD

2024-01-01 – 2024-12-31: 6939000 USD Inspect Operating Cash Flow Open source
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USD 6.87 million
Exact value

Exact value: 6872000 USD

2024-01-01 – 2024-12-31: 6872000 USD Inspect Capital Expenditure Open source
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USD 67,000
Calculation and evidence

6939000 − 6872000 USD

Exact free cash flow: 67000 USD

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2025 2025-01-01 – 2025-12-31
−USD 7.93 million
Exact value

Exact value: -7933000 USD

2025-01-01 – 2025-12-31: -7933000 USD Inspect Net Income Open source
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USD 41.93 million
Exact value

Exact value: 41927000 USD

2025-01-01 – 2025-12-31: 41927000 USD Inspect Operating Cash Flow Open source
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USD 3.8 million
Exact value

Exact value: 3800000 USD

2025-01-01 – 2025-12-31: 3800000 USD Inspect Capital Expenditure Open source
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USD 38.13 million
Calculation and evidence

41927000 − 3800000 USD

Exact free cash flow: 38127000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

367 filings · 1,951 latest values · 1,951 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001338940, 1338940, PERI, edgar:1338940

Also known as IncrediMail Ltd., Perion Network Ltd., Perion Network Ltd., Perion Networks Ltd.