AudioCodes Ltd. (AUDC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 62.14M | 62.6M | 61.55M | 61.08M | 60.37M | 61.55M | 60.24M | 60.3M | 60.08M | 63.56M | 61.59M | 60.02M | 59.21M | 70.66M | 69.72M | 68.36M | 66.36M | 66.1M | 63.41M | 60.58M |
| Revenue Growth % | 2.93% | 1.71% | 2.16% | 1.29% | 0.5% | -3.15% | -2.19% | 0.47% | 1.46% | -10.04% | -11.66% | -12.2% | -10.77% | 6.89% | 9.95% | 12.85% | 12.78% | 12.67% | 12.1% | 13.18% |
| Cost of Goods Sold | 21.02M | 21.52M | 21.26M | 21.95M | 21.24M | 20.84M | 20.94M | 20.83M | 21.41M | 21.17M | 20.65M | 21.54M | 22.67M | 24.5M | 25.97M | 23.85M | 22M | 21.66M | 19.29M | 18.52M |
| COGS % of Revenue | 33.82% | 34.37% | 34.55% | 35.94% | 35.18% | 33.85% | 34.76% | 34.54% | 35.64% | 33.3% | 33.53% | 35.89% | 38.29% | 34.67% | 37.25% | 34.89% | 33.15% | 32.77% | 30.41% | 30.57% |
| Gross Profit | 41.13M | 41.09M | 40.28M | 39.12M | 39.13M | 40.72M | 39.3M | 39.48M | 38.67M | 42.39M | 40.94M | 38.48M | 36.54M | 46.16M | 43.75M | 44.51M | 44.36M | 44.44M | 44.12M | 42.06M |
| Gross Margin % | 66.18% | 65.63% | 65.45% | 64.06% | 64.82% | 66.15% | 65.24% | 65.46% | 64.36% | 66.7% | 66.47% | 64.11% | 61.71% | 65.33% | 62.75% | 65.11% | 66.85% | 67.23% | 69.59% | 69.43% |
| Gross Profit Growth % | 5.09% | 0.91% | 2.51% | -0.89% | 1.21% | -3.95% | -4% | 2.59% | 5.81% | -8.16% | -6.43% | -13.55% | -17.62% | 3.87% | -0.85% | 5.83% | 10.15% | 6.16% | 16.18% | 17.82% |
| Operating Expenses | 37.76M | 37.36M | 36.22M | 36.52M | 35.49M | 36.62M | 34.43M | 34.54M | 35.39M | 35.16M | 35.16M | 36.22M | 37.39M | 37.82M | 36.74M | 36.59M | 36.31M | 35.17M | 34.13M | 31.93M |
| OpEx % of Revenue | 60.76% | 59.67% | 58.86% | 59.8% | 58.78% | 59.49% | 57.15% | 57.28% | 58.9% | 55.32% | 57.08% | 60.35% | 63.14% | 53.53% | 52.7% | 53.52% | 54.72% | 53.2% | 53.82% | 52.71% |
| Selling, General & Admin | 23.7M | 23.85M | 23.04M | 23.65M | 22.46M | 24.27M | 21.76M | 21.36M | 21.45M | 21.35M | 21.2M | 21.83M | 22.38M | 22.73M | 21.93M | 21.63M | 21.33M | 20.71M | 19.95M | 19.2M |
| SG&A % of Revenue | 38.14% | 38.1% | 37.43% | 38.72% | 37.21% | 39.43% | 36.12% | 35.42% | 35.71% | 33.59% | 34.42% | 36.37% | 37.79% | 32.17% | 31.45% | 31.64% | 32.14% | 31.34% | 31.47% | 31.7% |
| Research & Development | 14.06M | 13.5M | 13.19M | 12.87M | 13.03M | 12.35M | 12.67M | 13.18M | 13.93M | 13.81M | 13.96M | 14.39M | 15.01M | 15.09M | 14.81M | 14.96M | 14.98M | 14.45M | 14.17M | 12.72M |
| R&D % of Revenue | 22.62% | 21.57% | 21.43% | 21.08% | 21.58% | 20.06% | 21.02% | 21.86% | 23.19% | 21.72% | 22.67% | 23.98% | 25.35% | 21.36% | 21.24% | 21.88% | 22.58% | 21.86% | 22.35% | 21.01% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 3.36M | 3.73M | 4.06M | 2.6M | 3.65M | 4.1M | 4.87M | 4.94M | 3.28M | 7.23M | 5.78M | 2.25M | -844K | 8.34M | 7.01M | 7.92M | 8.05M | 9.27M | 10M | 10.13M |
| Operating Margin % | 5.41% | 5.96% | 6.6% | 4.26% | 6.04% | 6.66% | 8.09% | 8.19% | 5.46% | 11.38% | 9.38% | 3.76% | -1.43% | 11.8% | 10.05% | 11.59% | 12.13% | 14.03% | 15.77% | 16.73% |
| Operating Income Growth % | -7.71% | -9% | -16.65% | -47.33% | 11.09% | -43.3% | -15.69% | 118.89% | 488.74% | -13.22% | -17.55% | -71.54% | -110.48% | -10.09% | -29.9% | -21.81% | -20.46% | -23.49% | -10.93% | 14.56% |
| EBITDA | 4.45M | 4.87M | 5.24M | 3.56M | 4.6M | 5.2M | 5.88M | 6.2M | 3.8M | 7.86M | 6.43M | 2.92M | -193K | 9.06M | 7.81M | 8.64M | 8.79M | 9.96M | 10.59M | 10.73M |
| EBITDA Margin % | 7.15% | 7.78% | 8.52% | 5.83% | 7.62% | 8.44% | 9.75% | 10.28% | 6.33% | 12.36% | 10.44% | 4.87% | -0.33% | 12.82% | 11.2% | 12.64% | 13.25% | 15.06% | 16.7% | 17.72% |
| EBITDA Growth % | -3.35% | -6.25% | -10.76% | -42.57% | 20.9% | -33.86% | -8.63% | 111.94% | 2070.98% | -13.26% | -17.61% | -66.17% | -102.19% | -9.02% | -26.26% | -19.45% | -17.67% | -21.63% | -10.19% | 14.22% |
| D&A (Non-Cash Add-back) | 1.08M | 1.14M | 1.18M | 959K | 954K | 1.09M | 1M | 1.26M | 523K | 624K | 652K | 669K | 651K | 723K | 797K | 722K | 742K | 686K | 588K | 599K |
| EBIT | 3.36M | 3.73M | 4.13M | 2.6M | 3.65M | 2.3M | 4.87M | 4.94M | 3.28M | 8.75M | 5.78M | 2.25M | -844K | 11.53M | 7.01M | 7.92M | 8.05M | 10.02M | 10M | 10.13M |
| Net Interest Income | -382K | -1.05M | 64K | -1.19M | 1.72M | 0 | -614K | 0 | 23K | -298K | 492K | 247K | 949K | -1.75M | 344K | 841K | 1.01M | 716K | 103K | -582K |
| Interest Income | 0 | 0 | 64K | 0 | 1.72M | 0 | 0 | 0 | 23K | 0 | 492K | 247K | 949K | 0 | 344K | 841K | 1.01M | 716K | 103K | 0 |
| Interest Expense | 382K | 1.05M | 0 | 1.19M | 0 | 0 | 614K | 0 | 0 | 298K | 0 | 0 | 0 | 1.75M | 0 | 0 | 0 | 0 | 0 | 582K |
| Other Income/Expense | -382K | -1.05M | 64K | -1.19M | 1.72M | -1.9M | -614K | 396K | 23K | -1.74M | 492K | 247K | 949K | 669K | 344K | 841K | 1.01M | -976K | 103K | -582K |
| Pretax Income | 2.98M | 2.69M | 4.13M | 1.41M | 5.36M | 2.2M | 4.26M | 5.33M | 3.3M | 5.49M | 6.27M | 2.5M | 105K | 9.01M | 7.35M | 8.76M | 9.06M | 8.29M | 10.1M | 9.55M |
| Pretax Margin % | 4.8% | 4.29% | 6.7% | 2.3% | 8.88% | 3.58% | 7.07% | 8.84% | 5.5% | 8.64% | 10.18% | 4.17% | 0.18% | 12.74% | 10.55% | 12.82% | 13.66% | 12.55% | 15.93% | 15.77% |
| Income Tax | 1.03M | 785K | 1.39M | 1.1M | 1.34M | -4.57M | 1.58M | 1.56M | 1.22M | 1.84M | 2.02M | 1.45M | 287K | 1.46M | 1.98M | 1.83M | 454K | 1.04M | 1.84M | 1.31M |
| Effective Tax Rate % | 34.51% | 29.23% | 33.77% | 78.24% | 25.09% | -207.67% | 37.08% | 29.22% | 36.96% | 33.47% | 32.2% | 57.83% | 273.33% | 16.17% | 26.93% | 20.85% | 5.01% | 12.54% | 18.2% | 13.72% |
| Net Income | 1.95M | 1.9M | 2.73M | 306K | 4.02M | 6.78M | 2.68M | 3.77M | 2.08M | 3.65M | 4.25M | 1.05M | -182K | 7.55M | 5.37M | 6.94M | 8.61M | 7.25M | 8.26M | 8.24M |
| Net Margin % | 3.14% | 3.04% | 4.44% | 0.5% | 6.65% | 11.01% | 4.45% | 6.26% | 3.47% | 5.75% | 6.9% | 1.76% | -0.31% | 10.68% | 7.71% | 10.15% | 12.97% | 10.98% | 13.03% | 13.6% |
| Net Income Growth % | -51.37% | -71.94% | 1.98% | -91.89% | 92.8% | 85.36% | -36.99% | 257.73% | 1244.51% | -51.58% | -20.86% | -84.79% | -102.11% | 4.05% | -34.98% | -15.83% | -13.86% | -13.44% | 18.65% | 24.12% |
| Net Income (Continuing) | 1.95M | 1.9M | 2.73M | 306K | 4.02M | 6.78M | 2.68M | 3.77M | 2.08M | 3.65M | 4.25M | 1.05M | -182K | 7.55M | 5.37M | 6.94M | 8.61M | 7.25M | 8.26M | 8.24M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.07 | 0.07 | 0.10 | 0.01 | 0.13 | 0.22 | 0.09 | 0.12 | 0.07 | 0.12 | 0.14 | 0.03 | -0.01 | 0.23 | 0.17 | 0.21 | 0.26 | 0.22 | 0.24 | 0.24 |
| EPS Growth % | -44.15% | -69% | 9.54% | -91.33% | 85.71% | 83.33% | -37.86% | 300% | - | -47.83% | -17.65% | -85.71% | -102.19% | 4.55% | -29.17% | -12.5% | -10.34% | -8.33% | 20% | 14.29% |
| EPS (Basic) | 0.07 | 0.07 | 0.10 | 0.01 | 0.14 | 0.23 | 0.09 | 0.12 | 0.07 | 0.12 | 0.14 | 0.03 | -0.01 | 0.24 | 0.17 | 0.22 | 0.27 | 0.22 | 0.25 | 0.25 |
| Diluted Shares Outstanding | 26.89M | 27.87M | 28.67M | 29.35M | 30.05M | 30.26M | 30.78M | 30.73M | 30.79M | 30.89M | 31.39M | 32.98M | 31.75M | 32.15M | 32.26M | 32.52M | 33.08M | 33.55M | 33.84M | 33.97M |
| Basic Shares Outstanding | 26.47M | 27.42M | 28.17M | 28.88M | 29.53M | 29.93M | 30.22M | 30.34M | 30.33M | 30.68M | 31.39M | 31.9M | 31.75M | 31.64M | 31.72M | 31.81M | 32.23M | 32.45M | 32.62M | 32.74M |
| Dividend Payout Ratio | 270.81% | 8.6% | 222.6% | 8.39% | 132.62% | 0.61% | 203.17% | - | 261.79% | - | 127.32% | - | - | - | 106.46% | - | 67.75% | - | 67.32% | - |