AUDIOCODES LTD AUDC
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.31
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.6M | $242.2M | $244.4M | $275.1M | $248.9M | $220.8M | $200.3M | $176.2M | $156.7M | $145.6M |
| Cost of revenue | $86.0M | $84.0M | $86.0M | $96.3M | $78.0M | $71.0M | $105.3M | $65.6M | $58.9M | $57.2M |
| Gross profit | $159.6M | $158.2M | $158.3M | $178.8M | $170.9M | $149.8M | $95.0M | $110.6M | $97.8M | $88.3M |
| R&D | $52.6M | $52.1M | $57.2M | $59.8M | $53.4M | $46.1M | $41.2M | $34.7M | $30.3M | $29.1M |
| SG&A | $15.8M | $17.7M | $16.5M | $17.5M | $15.9M | $14.2M | $11.8M | $10.3M | $8.9M | $6.4M |
| Total operating expenses | $145.6M | $141.0M | $143.9M | $147.5M | $131.4M | $111.5M | $104.5M | $94.2M | $88.2M | $80.6M |
| Operating income | $14.0M | $17.2M | $14.4M | $31.3M | $39.5M | $38.4M | -$9.6M | $16.4M | $9.7M | $7.8M |
| Interest expense | — | — | $1.6M | $325.0K | $621.0K | $657.0K | $198.0K | $266.0K | $294.0K | $262.0K |
| Pre-tax income | $13.6M | $15.1M | $14.4M | $34.2M | $39.6M | $36.6M | -$11.3M | $16.6M | $9.6M | $7.6M |
| Income tax | $4.6M | $215.0K | $5.6M | $5.7M | $5.9M | $9.4M | $15.3M | $3.1M | $5.6M | $8.6M |
| Net income | $9.0M | $15.3M | $8.8M | $28.5M | $33.8M | $27.2M | $4.0M | $13.5M | $4.0M | $16.2M |
| 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 |
| Shares, diluted (wtd. avg.) | $29.0M | $30.6M | $31.6M | $32.5M | $33.8M | $32.9M | $30.8M | $30.2M | $32.2M | $35.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $45.3M | $58.7M | $30.5M | $24.5M | $84.5M | $46.0M | $69.8M | $31.5M | $24.2M | $24.3M |
| Short-term investments | — | — | $7.4M | $2.1M | $669.0K | — | — | — | — | — |
| Receivables | $67.4M | $56.0M | $51.1M | $56.4M | $49.0M | $34.5M | $27.5M | $22.3M | $22.1M | $25.4M |
| Inventory | $22.0M | $31.5M | $44.0M | $36.4M | $24.0M | $29.2M | $28.3M | $22.6M | $16.6M | $16.3M |
| Total current assets | $181.3M | $162.9M | $142.7M | $149.9M | $167.6M | $203.6M | $132.6M | $114.3M | $77.4M | $79.7M |
| Property, plant and equipment | $29.2M | $27.3M | $10.9M | $4.0M | $4.4M | $4.6M | $4.4M | $3.9M | $3.8M | $3.9M |
| Goodwill | $37.6M | $37.6M | $37.6M | $37.6M | $37.6M | $36.2M | $36.2M | $36.2M | $36.2M | $36.2M |
| Other intangibles | $19.0K | $489.0K | $1.0M | $1.6M | $2.4M | $569.0K | $901.0K | $1.3M | $2.0M | $2.8M |
| Total assets | $323.0M | $335.9M | $337.5M | $323.8M | $349.4M | $358.1M | $244.3M | $179.4M | $170.9M | $187.0M |
| Total current liabilities | $81.6M | $77.8M | $84.2M | $94.5M | $95.9M | $94.8M | $86.7M | $54.9M | $45.4M | $44.7M |
| Total liabilities | $151.7M | $144.1M | $149.4M | $134.1M | $143.9M | — | — | — | — | — |
| Retained earnings | $23.2M | $25.2M | $20.8M | $23.4M | $6.5M | -$16.4M | -$35.2M | -$32.5M | -$40.4M | -$44.4M |
| Total equity | $171.3M | $191.8M | $188.1M | $189.8M | $205.5M | $209.9M | $92.5M | $94.5M | $92.4M | $108.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29.4M | $35.3M | $14.9M | $8.3M | $47.3M | $38.5M | $23.2M | $25.6M | $17.8M | $18.3M |
| Depreciation and amortisation | $3.8M | $3.4M | $2.1M | $2.2M | $2.1M | $1.9M | $1.7M | $1.6M | $1.6M | $1.7M |
| Stock-based compensation | $6.5M | $8.2M | $11.4M | $15.1M | $14.2M | $8.8M | $5.3M | $3.3M | $2.3M | $2.4M |
| Capital expenditure | $6.5M | $24.3M | $6.0M | $1.5M | $1.2M | $1.5M | $1.9M | $1.3M | $1.6M | $1.5M |
| Investing cash flow | -$1.5M | $17.8M | $20.0M | -$19.7M | $42.6M | -$139.3M | $29.6M | -$1.1M | $8.4M | $14.1M |
| Financing cash flow | -$41.3M | -$24.9M | -$28.9M | -$48.6M | -$51.5M | $77.1M | -$14.5M | -$17.2M | -$26.3M | -$27.0M |
| Dividends paid | $10.9M | $10.9M | $11.4M | $11.6M | $10.9M | $8.4M | $6.7M | $5.8M | $0 | $0 |
| Buybacks | $30.6M | $14.3M | $18.3M | $38.1M | $41.9M | $0 | $8.0M | $14.3M | $25.6M | $29.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001185185-26-001124.
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