Ceragon Networks Ltd. (CRNT) 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 | 85M | 82.33M | 85.48M | 82.26M | 88.65M | 106.93M | 102.67M | 96.09M | 88.5M | 90.36M | 87.26M | 86.15M | 83.41M | 75.53M | 78.65M | 70.67M | 70.32M | 77.76M | 76.11M | 68.62M |
| Revenue Growth % | -4.12% | -23.01% | -16.74% | -14.39% | 0.17% | 18.34% | 17.66% | 11.53% | 6.1% | 19.63% | 10.95% | 21.9% | 18.62% | -2.87% | 3.33% | 2.99% | 3% | 5.08% | 7.84% | 9.92% |
| Cost of Goods Sold | 54.93M | 54.67M | 56.13M | 54.1M | 59.55M | 70.55M | 67.73M | 62.63M | 56.43M | 59.3M | 56.99M | 55.8M | 55.23M | 51M | 50.86M | 49.27M | 50.98M | 54.93M | 52.6M | 46.74M |
| COGS % of Revenue | 64.62% | 66.4% | 65.67% | 65.76% | 67.18% | 65.98% | 65.97% | 65.18% | 63.76% | 65.62% | 65.31% | 64.76% | 66.22% | 67.52% | 64.67% | 69.71% | 72.5% | 70.64% | 69.11% | 68.11% |
| Gross Profit | 30.08M | 27.66M | 29.35M | 28.16M | 29.1M | 36.38M | 34.94M | 33.46M | 32.07M | 31.06M | 30.27M | 30.36M | 28.18M | 24.53M | 27.79M | 21.41M | 19.34M | 22.83M | 23.52M | 21.89M |
| Gross Margin % | 35.38% | 33.6% | 34.33% | 34.24% | 32.82% | 34.02% | 34.03% | 34.82% | 36.24% | 34.38% | 34.69% | 35.24% | 33.78% | 32.48% | 35.33% | 30.29% | 27.5% | 29.36% | 30.89% | 31.89% |
| Gross Profit Growth % | 3.36% | -23.97% | -16% | -15.83% | -9.26% | 17.12% | 15.41% | 10.23% | 13.81% | 26.62% | 8.95% | 41.81% | 45.71% | 7.45% | 18.17% | -2.19% | -4.02% | 5.92% | -0.27% | 32.62% |
| Operating Expenses | 27.99M | 25.95M | 25.6M | 25.72M | 30.19M | 26.86M | 20.31M | 23.1M | 27.85M | 26.89M | 23.6M | 24.7M | 23.46M | 35.15M | 22.55M | 21.73M | 20.59M | 21.8M | 20.58M | 21.39M |
| OpEx % of Revenue | 32.93% | 31.52% | 29.94% | 31.26% | 34.05% | 25.12% | 19.78% | 24.04% | 31.47% | 29.76% | 27.05% | 28.68% | 28.12% | 46.54% | 28.67% | 30.75% | 29.29% | 28.04% | 27.04% | 31.18% |
| Selling, General & Admin | 19.51M | 18.06M | 18.62M | 18.66M | 17.73M | 16.45M | 11.56M | 13.8M | 17.12M | 16.99M | 15.87M | 16M | 15.52M | 26.82M | 15.23M | 14.2M | 13.83M | 14.01M | 13.87M | 13.84M |
| SG&A % of Revenue | 22.95% | 21.93% | 21.78% | 22.69% | 20% | 15.38% | 11.26% | 14.37% | 19.35% | 18.8% | 18.18% | 18.57% | 18.61% | 35.51% | 19.37% | 20.1% | 19.67% | 18.02% | 18.22% | 20.17% |
| Research & Development | 7.94M | 7.89M | 6.96M | 7.33M | 8.25M | 8.97M | 8.75M | 8.38M | 8.85M | 9.07M | 7.45M | 7.81M | 7.94M | 8.08M | 7.32M | 7.53M | 6.76M | 7.79M | 6.71M | 7.55M |
| R&D % of Revenue | 9.34% | 9.58% | 8.14% | 8.91% | 9.3% | 8.39% | 8.52% | 8.73% | 10% | 10.04% | 8.54% | 9.07% | 9.52% | 10.7% | 9.3% | 10.65% | 9.62% | 10.02% | 8.82% | 11.01% |
| Other Operating Expenses | 540K | 0 | 20K | -275K | 1000K | 1000K | 0 | 915K | 1000K | 835K | 283K | 897K | 0 | 249K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 2.08M | 1.71M | 3.75M | 2.45M | -1.09M | 9.52M | 14.63M | 10.36M | 4.22M | 4.17M | 6.67M | 5.65M | 4.72M | -10.62M | 5.24M | -323K | -1.26M | 1.03M | 2.94M | 490K |
| Operating Margin % | 2.45% | 2.08% | 4.39% | 2.97% | -1.23% | 8.9% | 14.25% | 10.78% | 4.77% | 4.61% | 7.65% | 6.56% | 5.66% | -14.06% | 6.66% | -0.46% | -1.79% | 1.32% | 3.86% | 0.71% |
| Operating Income Growth % | 291.28% | -81.99% | -74.35% | -76.39% | -125.84% | 128.33% | 119.29% | 83.3% | -10.58% | 139.25% | 27.43% | 1849.54% | 475.04% | -1134.18% | 78.34% | -165.92% | -456.37% | 170.15% | -12.46% | 114.19% |
| EBITDA | 5.52M | 5.64M | 7.19M | 6.08M | 2.24M | 12.77M | 17.61M | 13.3M | 7.16M | 6.63M | 9.04M | 8.23M | 7.27M | -8M | 7.88M | 2.51M | 1.68M | 4.49M | 5.89M | 3.43M |
| EBITDA Margin % | 6.49% | 6.85% | 8.41% | 7.39% | 2.53% | 11.94% | 17.15% | 13.84% | 8.09% | 7.34% | 10.36% | 9.56% | 8.72% | -10.59% | 10.02% | 3.55% | 2.39% | 5.77% | 7.74% | 5% |
| EBITDA Growth % | 146.16% | -55.83% | -59.18% | -54.3% | -68.68% | 92.46% | 94.87% | 61.53% | -1.55% | 182.95% | 14.71% | 227.88% | 332.03% | -278.35% | 33.66% | -26.86% | -48.04% | 36.53% | -3.07% | 544.11% |
| D&A (Non-Cash Add-back) | 3.43M | 3.93M | 3.44M | 3.63M | 3.33M | 3.25M | 2.98M | 2.94M | 2.94M | 2.47M | 2.37M | 2.58M | 2.55M | 2.62M | 2.64M | 2.83M | 2.94M | 3.46M | 2.96M | 2.94M |
| EBIT | 2.08M | 1.71M | 777K | 2.22M | 3.12M | 9.8M | 14.63M | 10.36M | 6.1M | 3.24M | 6.67M | 5.65M | 4.72M | -11.91M | 5.24M | -323K | -1.26M | -2.95M | 2.94M | 490K |
| Net Interest Income | -2.86M | -1.66M | -2.98M | -2.9M | 990K | 356K | -1.83M | -1.92M | -2.86M | -3.4M | -1.72M | -1.89M | -1.46M | -3.01M | -1.78M | -757K | -759K | -3.4M | -2.38M | -1.8M |
| Interest Income | 0 | 0 | 0 | 0 | 990K | 356K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 2.86M | 1.66M | 2.98M | 2.9M | 0 | 0 | 1.83M | 1.92M | 2.86M | 3.4M | 1.72M | 1.89M | 1.46M | 3.01M | 1.78M | 757K | 759K | 3.4M | 2.38M | 1.8M |
| Other Income/Expense | -2.86M | -1M | -2.98M | -3.13M | 990K | -4.86M | -1.83M | -1.92M | -2.86M | -3.4M | -1.72M | -1.89M | -1.46M | -3.01M | -5.75M | -757K | -759K | -3.4M | -2.38M | -1.8M |
| Pretax Income | -771K | 710K | 777K | -679K | -100K | 4.66M | 12.8M | 8.44M | 1.36M | 767K | 4.95M | 3.77M | 3.26M | -13.63M | -513K | -1.08M | -2.02M | -2.37M | 561K | -1.31M |
| Pretax Margin % | -0.91% | 0.86% | 0.91% | -0.83% | -0.11% | 4.35% | 12.46% | 8.79% | 1.53% | 0.85% | 5.67% | 4.37% | 3.91% | -18.05% | -0.65% | -1.53% | -2.87% | -3.05% | 0.74% | -1.91% |
| Income Tax | 572K | 581K | 749K | 588K | 880K | 1.05M | 580K | 609K | 955K | 1.97M | 1.58M | 1.68M | 1.29M | 1.39M | 350K | 440K | 271K | 9.84M | 295K | 397K |
| Effective Tax Rate % | -74.19% | 81.83% | 96.4% | -86.6% | -880% | 22.47% | 4.53% | 7.21% | 70.32% | 256.84% | 31.98% | 44.54% | 39.63% | -10.16% | -68.23% | -40.74% | -13.44% | -415.27% | 52.58% | -30.26% |
| Net Income | -1.34M | 129K | 28K | -1.27M | -980K | 3.61M | 12.22M | 7.83M | 403K | -1.2M | 3.37M | 2.09M | 1.97M | -15.02M | -863K | -1.52M | -2.29M | -12.21M | 266K | -1.71M |
| Net Margin % | -1.58% | 0.16% | 0.03% | -1.54% | -1.11% | 3.38% | 11.9% | 8.15% | 0.46% | -1.33% | 3.86% | 2.42% | 2.36% | -19.88% | -1.1% | -2.15% | -3.25% | -15.7% | 0.35% | -2.49% |
| Net Income Growth % | -37.04% | -96.43% | -99.77% | -116.18% | -343.18% | 400.08% | 262.85% | 275.14% | -79.52% | 91.99% | 490.15% | 237.37% | 186.01% | -22.98% | -424.44% | 11.06% | -95.06% | -93.26% | -83.21% | 68.8% |
| Net Income (Continuing) | -1.34M | 129K | 28K | -1.27M | -980K | 3.61M | 12.22M | 7.83M | 403K | -1.2M | 3.37M | 2.09M | 1.97M | -15.02M | -863K | -1.52M | -2.29M | -12.21M | 266K | -1.71M |
| 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) | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | 0.04 | 0.14 | 0.09 | 0.00 | -0.01 | 0.04 | 0.02 | 0.02 | -0.03 | -0.01 | -0.02 | -0.03 | -0.15 | 0.00 | -0.02 |
| EPS Growth % | -48% | -96.51% | -99.79% | -115.94% | - | 384.4% | 255.33% | 263.67% | -80.17% | 56.35% | 486.27% | 235.36% | 184.98% | 78.47% | - | 11.71% | -92.25% | -93.55% | -84.5% | 69.67% |
| EPS (Basic) | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | 0.04 | 0.14 | 0.09 | 0.00 | -0.01 | 0.04 | 0.02 | 0.02 | -0.03 | -0.01 | -0.02 | -0.03 | -0.15 | 0.00 | -0.02 |
| Diluted Shares Outstanding | 90.71M | 92.43M | 91.74M | 89.47M | 88.74M | 89.99M | 88.33M | 87.92M | 87.58M | 85.05M | 85.49M | 85.31M | 84.99M | 84.35M | 84.2M | 84.2M | 83.96M | 83.92M | 84.64M | 83.42M |
| Basic Shares Outstanding | 90.71M | 90.61M | 91.8M | 89.47M | 88.74M | 87.21M | 87.26M | 85.74M | 85.52M | 85.05M | 84.69M | 84.37M | 84.35M | 84.35M | 84.2M | 84.02M | 83.96M | 81.87M | 83.72M | 83.42M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |