RADCOM Ltd. (RDCM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q1'21 |
|---|
| Total Current Assets | 132.52M | 126.85M | 123.45M | 121.93M | 117.2M | 113.47M | 106.23M | 102.54M | 97.42M | 93.88M | 90.23M | 92.31M | 87.45M | 86.62M | 84.45M | 84.22M | 83.5M | 83.24M | 80.97M | 79.87M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 30.49M | 15.94M | 21.91M | 8.03M | 19.24M | 15.8M | 15.25M | 8.14M | 10.89M | 8.46M | 35.41M | 9.73M | 9.53M | 15.35M | 15.75M | 22.36M | 11.95M | 7.15M | 6.7M | 23.08M |
| Short-Term Investments | 79.44M | 90.74M | 79.72M | 91.05M | 75.43M | 74.44M | 70.86M | 77.13M | 71.27M | 70.11M | 42.9M | 68.16M | 64.13M | 55.46M | 57.31M | 48.5M | 58.62M | 59.79M | 58.16M | 44.25M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 91.59 | 89.82 | 94.22 | 100.36 | 107.52 | 107.72 | 101.14 | 90.98 | 88.94 | 82.93 | 81.14 | 86.19 | 90.44 | 82.26 | 71.86 | 81.38 | 91.53 | 115.92 | 112 | 112.53 |
| Inventory | 318K | 294K | 1.22M | 2.73M | 1.67M | 2.25M | 695K | 975K | 246K | 390K | 396K | 407K | 795K | 403K | 524K | 996K | 931K | 2.28M | 876K | 432K |
| Days Inventory Outstanding | 6.44 | 15.94 | 41.09 | 48.31 | 43.54 | 33.32 | 20.03 | 14.81 | 8.52 | 10.3 | 10.5 | 16.16 | 16.25 | 12.89 | 21.76 | 30.57 | 42.95 | 45.96 | 24.13 | 18.48 |
| Other Current Assets | 2.04M | 2.57M | 0 | 0 | 158K | 1.99M | 1.35M | 1.47M | 0 | 1.25M | 1.41M | 0 | 0 | 0 | 0 | 3.18M | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 12.45M | 12.3M | 12.94M | 13.1M | 13.38M | 10.72M | 11.06M | 9.35M | 10.11M | 10.25M | 11.25M | 8.54M | 13.55M | 9.24M | 7.3M | 6.96M | 8.17M | 8.26M | 9.06M | 9.5M |
| Property, Plant & Equipment | 3.89M | 4.03M | 4.2M | 4.4M | 4.3M | 1.72M | 1.92M | 2.16M | 2.45M | 2.5M | 2.83M | 3.09M | 3.47M | 3.7M | 2.43M | 2.73M | 3.07M | 3.26M | 3.62M | 3.91M |
| Fixed Asset Turnover | 4.76x | 4.47x | 4.10x | 3.81x | 5.40x | 8.68x | 7.26x | 6.13x | 5.67x | 4.95x | 4.18x | 3.67x | 3.43x | 3.92x | 4.31x | 3.66x | 3.53x | 2.97x | 2.59x | 2.24x |
| Goodwill | 0 | 0 | 0 | 0 | 1.24M | 0 | 0 | 0 | 1.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.27M | 2.35M | 2.44M | 2.52M | 1.37M | 2.69M | 2.78M | 2.87M | 1.71M | 3.04M | 3.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.21M | 0 | 0 | 0 | 0 | 4M | 0 | 0 | 1.02M | 0 | 0 | 1.58M | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 144.97M | 139.15M | 136.38M | 135.03M | 130.57M | 124.19M | 117.29M | 111.89M | 107.53M | 104.13M | 101.47M | 100.84M | 101M | 95.86M | 91.75M | 91.18M | 91.66M | 91.5M | 90.03M | 89.37M |
| Asset Turnover | 0.13x | 0.13x | 0.13x | 0.12x | 0.13x | 0.13x | 0.13x | 0.13x | 0.13x | 0.13x | 0.12x | 0.12x | 0.12x | 0.13x | 0.12x | 0.12x | 0.12x | 0.11x | 0.11x | 0.10x |
| Asset Growth % | 11.03% | 12.04% | 16.28% | 20.68% | 21.43% | 19.27% | 15.59% | 10.95% | 6.46% | 8.62% | 10.6% | 10.6% | 10.19% | 4.77% | 1.91% | 2.03% | -2.11% | 0.03% | -2.01% | -0.83% |
| Total Current Liabilities | 23.03M | 22.79M | 24.8M | 28.37M | 27.91M | 27.12M | 24.01M | 21.63M | 20.11M | 20.4M | 19.8M | 21.4M | 22.8M | 19.72M | 17.36M | 15.96M | 16.25M | 15.65M | 13.38M | 12.16M |
| Accounts Payable | 2.63M | 2.69M | 3.69M | 3.37M | 2.46M | 5.85M | 3.4M | 3.68M | 2.64M | 2.36M | 1.43M | 1.86M | 2.71M | 1.6M | 1.78M | 1.33M | 2.65M | 2.91M | 2.04M | 1.38M |
| Days Payables Outstanding | 56.03 | 67.25 | 73.52 | 64.05 | 92.38 | 104.71 | 84.87 | 76.63 | 66.96 | 49.71 | 43.12 | 61.47 | 58.49 | 47 | 44.5 | 63.18 | 74.52 | 72.3 | 63.16 | 56.46 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 11.97M | 13.54M | 9.17M | 10.24M | 17.31M | 4.87M | 4.14M | 9.21M | 0 | 2.62M | 4.36M | 7.17M | 0 | 7.27M | 5.05M | 5.08M | 0 | 5.51M | 4.68M | 4.42M |
| Current Ratio | 5.75x | 5.57x | 4.98x | 4.30x | 4.20x | 4.18x | 4.42x | 4.74x | 4.84x | 4.60x | 4.56x | 4.31x | 3.84x | 4.39x | 4.87x | 5.28x | 5.14x | 5.32x | 6.05x | 6.57x |
| Quick Ratio | 5.74x | 5.55x | 4.93x | 4.20x | 4.14x | 4.10x | 4.39x | 4.70x | 4.83x | 4.58x | 4.54x | 4.29x | 3.80x | 4.37x | 4.84x | 5.21x | 5.08x | 5.17x | 5.98x | 6.53x |
| Cash Conversion Cycle | 42 | 38.51 | 61.79 | 84.62 | 58.69 | 36.33 | 36.29 | 29.17 | 30.5 | 43.52 | 48.52 | 40.88 | 48.2 | 48.15 | 49.13 | 48.77 | 59.95 | 89.57 | 72.97 | 74.54 |
| Total Non-Current Liabilities | 7.84M | 7.42M | 7.51M | 6.95M | 6.99M | 4.87M | 4.8M | 4.94M | 4.93M | 5.14M | 5.45M | 4.88M | 5.42M | 4.65M | 3.91M | 4.48M | 5.26M | 5.47M | 5.98M | 6.17M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 30.87M | 30.21M | 32.3M | 35.33M | 34.9M | 31.99M | 28.82M | 26.57M | 25.04M | 25.54M | 25.25M | 26.28M | 28.22M | 24.38M | 21.27M | 20.45M | 21.51M | 21.12M | 19.37M | 18.34M |
| Total Debt | 3.23M | 3.39M | 3.55M | 3.5M | 3.4M | 893K | 1.1M | 1.33M | 1.62M | 1.59M | 1.87M | 2.1M | 2.48M | 2.68M | 1.38M | 1.67M | 1.94M | 2.13M | 2.43M | 2.67M |
| Net Debt | -27.25M | -12.55M | -18.36M | -4.54M | -15.84M | -14.91M | -14.15M | -6.81M | -9.27M | -6.87M | -33.54M | -7.63M | -7.05M | -12.67M | -14.38M | -20.69M | -10.01M | -5.01M | -4.27M | -20.41M |
| Debt / Equity | 0.03x | 0.03x | 0.03x | 0.04x | 0.04x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x | 0.03x | 0.03x | 0.04x | 0.02x | 0.02x | 0.03x | 0.03x | 0.03x | 0.04x |
| Debt / EBITDA | 1.13x | 1.31x | 1.40x | 2.26x | 2.32x | 0.66x | 1.06x | - | 1.03x | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -9.54x | -4.86x | -7.25x | -2.93x | -10.81x | -10.95x | -13.67x | - | -5.88x | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8.38x | - | -31.80x | -8.83x | - | - |
| Total Equity | 114.11M | 108.94M | 104.08M | 99.7M | 95.68M | 92.2M | 88.47M | 85.32M | 82.49M | 78.58M | 76.23M | 74.56M | 72.78M | 71.48M | 70.48M | 70.73M | 70.15M | 70.38M | 70.66M | 71.03M |
| Equity Growth % | 19.26% | 18.16% | 17.64% | 16.85% | 15.98% | 17.33% | 16.06% | 14.44% | 13.34% | 9.93% | 8.16% | 5.41% | 3.75% | 1.58% | -0.26% | -0.42% | -2.59% | -2.18% | -1.47% | -0.64% |
| Book Value per Share | 6.70 | 6.44 | 6.23 | 5.98 | 5.76 | 5.71 | 5.54 | 5.38 | 5.34 | 5.19 | 4.87 | 4.79 | 4.95 | 4.91 | 4.87 | 4.94 | 4.96 | 4.97 | 5.00 | 5.03 |
| Total Shareholders' Equity | 114.11M | 108.94M | 104.08M | 99.7M | 95.68M | 92.2M | 88.47M | 85.32M | 82.49M | 78.58M | 76.23M | 74.56M | 72.78M | 71.48M | 70.48M | 70.73M | 70.15M | 70.38M | 70.66M | 71.03M |
| Common Stock | 809K | 797K | 789K | 778K | 769K | 762K | 755K | 747K | 736K | 728K | 724K | 720K | 706K | 696K | 691K | 687K | 669K | 667K | 667K | 666K |
| Retained Earnings | -50.95M | -54.59M | -58.07M | -60.5M | -62.94M | -65.19M | -67.44M | -69.15M | -69.91M | -72.5M | -72.22M | -73M | -73.63M | -73.6M | -73.21M | -71.96M | -71.37M | -70.02M | -68.95M | -67.85M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.92M | -2.89M | -2.86M | -2.93M | -2.91M | -2.66M | -2.79M | -2.92M | -3.03M | -3.16M | -3.26M | -2.96M | -2.91M | -2.89M | -2.93M | -2.66M | -2.62M | -2.64M | -2.69M | -2.62M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |