Perion Network Ltd (PERI) Balance Sheet
PERI balance sheet, 2025
December 31, 2025 · U.S. dollars$913.8M assets = $237.8M liabilities + $676.0M equity
Both columns are drawn to the same scale: what PERI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PERI financial health
Descriptive bands, not a rating. Fiscal 2025.
PERI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $368.5M2016 | $913.8M2025 | +10.6%/yr | |
| Total liabilities | $160.3M2016 | $237.8M2025 | +4.5%/yr | |
| Shareholders’ equity | $208.1M2016 | $676.0M2025 | +14.0%/yr | |
| Cash & short-term investments | $32.4M2016 | $314.1M2025 | +28.7%/yr | |
| Total debt | $77.7M2016 | $42.4M2025 | −6.5%/yr | |
| Net cash (debt) | −$45.4M2016 | $271.7M2025 | +$317.0M | |
| Working capital | $27.0M2016 | $331.2M2025 | +$304.2M | |
| Book value per share | $8.042016 | $16.062025 | +8.0%/yr | |
| Current ratio | 1.312016 | 2.762025 | +1.44 | |
| Debt / equity | 0.372016 | 0.062025 | −0.31 | |
| Shares outstanding | 25.9M2016 | 42.1M2025 | +5.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PERI assets
PERI liabilities and equity
PERI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PERI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $314.1M | $373.3M | $472.7M | $430.9M | $321.6M | $60.4M | $61.6M | $43.1M | $37.5M | $32.4M |
| Cash & equivalents | $91.2M | $156.2M | $187.6M | $177.5M | $104.4M | $47.7M | $38.4M | $39.1M | $31.6M | $24.0M |
| Short-term investments | $222.9M | $217.1M | $285.1M | $253.4M | $217.2M | $12.7M | $23.2M | $4.0M | $5.9M | $8.4M |
| Receivables | $187.9M | $164.4M | $231.5M | $160.5M | $115.4M | $81.2M | $49.1M | $55.6M | $62.8M | $71.3M |
| Inventory | $0 | −$239,000 | −$20.8M | $1.3M | −$217.2M | −$12.7M | −$23.2M | $1 | $0 | $2 |
| Other current assets | $17.8M | $24.0M | $43.2M | $10.8M | $226.4M | $18.5M | $27.6M | $5.2M | $14.0M | $10.0M |
| Total current assets | $519.8M | $561.5M | $726.6M | $603.5M | $446.2M | $147.4M | $115.1M | $103.9M | $114.3M | $113.8M |
| Property, plant & equipment (net) | $28.9M | $29.1M | $9.8M | $13.7M | $15.8M | $27.0M | $33.3M | $15.6M | $17.5M | $14.2M |
| Goodwill & intangible assets | $444.4M | $316.0M | $336.6M | $247.2M | $246.0M | $176.7M | $128.4M | $131.5M | $136.4M | $234.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $8.9M | $4.3M | $6.6M | $5.3M | $7.6M | $6.9M | $5.4M | $5.9M | $5.7M |
| Total assets | $913.8M | $915.5M | $1.08B | $871.0M | $713.2M | $358.7M | $283.8M | $256.4M | $274.0M | $368.5M |
| Liabilities | ||||||||||
| Accounts payable | $129.9M | $122.0M | $217.2M | $155.9M | $107.7M | $72.5M | $47.7M | $38.2M | $39.2M | $38.3M |
| Short-term debt | $2.3M | $3.6M | $4.2M | $3.9M | $3.6M | $17.4M | $15.7M | $16.1M | $14.0M | $17.9M |
| Deferred revenue | $1.2M | $2.0M | $2.3M | $2.4M | $3.9M | $5.7M | $4.2M | $3.8M | $5.3M | $5.4M |
| Total current liabilities | $188.6M | $161.8M | $340.0M | $234.6M | $193.7M | $120.1M | $83.3M | $77.1M | $81.4M | $86.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $8.3M | $24.4M | $46.7M | $59.8M |
| Lease obligations | $22.4M | $22.3M | $7.6M | $11.5M | $13.4M | $22.2M | $24.0M | — | — | — |
| Other long-term liabilities | $49.2M | $30.7M | $19.1M | $53.3M | $52.6M | $54.4M | $27.0M | $6.2M | $7.6M | $13.8M |
| Total liabilities | $237.8M | $192.6M | $359.1M | $287.9M | $246.3M | $174.6M | $118.6M | $107.7M | $135.7M | $160.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $341,000 | $391,000 | $413,000 | $398,000 | $375,000 | $224,000 | $213,000 | $211,000 | $211,000 | $210,000 |
| Retained earnings (deficit) | $188.7M | $196.6M | $184.0M | $70.8M | −$28.4M | −$67.1M | −$77.4M | −$90.3M | −$98.4M | −$25.6M |
| Treasury stock | — | — | — | — | — | — | −$1.0M | −$1.0M | −$1.0M | −$1.0M |
| Accumulated other comprehensive income | $267,000 | −$215,000 | −$83,000 | −$582,000 | −$128,000 | $112,000 | $130,000 | $142,000 | $532,000 | −$265,000 |
| Total shareholders' equity | $676.0M | $722.9M | $718.1M | $583.1M | $467.0M | $184.1M | $165.2M | $148.8M | $138.3M | $208.1M |
| Key figures | ||||||||||
| Total debt | $42.4M | $22.3M | $7.6M | $11.5M | $13.4M | $35.1M | $44.4M | $40.5M | $60.7M | $77.7M |
| Net cash (debt) | $271.7M | $351.0M | $465.0M | $419.4M | $308.3M | $25.3M | $17.3M | $2.7M | −$23.2M | −$45.4M |
| Working capital | $331.2M | $399.6M | $386.6M | $368.9M | $252.5M | $27.2M | $31.8M | $26.8M | $32.9M | $27.0M |
| Tangible book value | $231.6M | $406.9M | $381.5M | $335.9M | $221.0M | $7.4M | $36.7M | $17.2M | $2.0M | −$26.6M |
| Book value per share | $16.06 | $14.59 | $14.34 | $12.13 | $12.34 | $6.39 | $6.27 | $5.75 | $5.35 | $8.04 |
| Shares outstanding | 42.1M | 49.6M | 50.1M | 48.1M | 37.8M | 28.8M | 26.4M | 25.9M | 25.8M | 25.9M |
| Current ratio | 2.76 | 3.47 | 2.14 | 2.57 | 2.30 | 1.23 | 1.38 | 1.35 | 1.40 | 1.31 |
| Quick ratio | 2.66 | 3.32 | 2.07 | 2.52 | 2.26 | 1.18 | 1.33 | 1.28 | 1.23 | 1.20 |
| Debt / equity | 0.06 | 0.03 | 0.01 | 0.02 | 0.03 | 0.19 | 0.27 | 0.27 | 0.44 | 0.37 |
| Equity / assets | 74.0% | 79.0% | 66.7% | 66.9% | 65.5% | 51.3% | 58.2% | 58.0% | 50.5% | 56.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $269.0M | $293.0M | $314.1M | $315.6M | $319.0M | $358.5M | $373.3M | $383.9M | $408.2M | $480.8M | $472.7M | $523.6M |
| Cash & equivalents | $64.5M | $52.1M | $91.2M | $124.4M | $113.6M | $150.7M | $156.2M | $154.7M | $147.1M | $176.0M | $187.6M | $197.9M |
| Short-term investments | $204.6M | $240.9M | $222.9M | $191.2M | $205.3M | $207.8M | $217.1M | $229.1M | $261.1M | $304.8M | $285.1M | $325.8M |
| Receivables | $161.5M | $150.8M | $187.9M | $175.2M | $162.9M | $151.5M | $164.4M | $132.3M | $147.9M | $156.3M | $231.5M | $142.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$239,000 | $0 | $0 | $1 | $1 | $1.3M |
| Other current assets | $26.5M | $26.6M | $17.8M | $35.7M | $32.1M | $20.7M | $24.0M | $21.3M | $24.4M | $23.3M | $22.4M | $16.6M |
| Total current assets | $457.0M | $470.4M | $519.8M | $526.6M | $513.9M | $530.7M | $561.5M | $537.5M | $580.5M | $660.4M | $726.6M | $683.7M |
| Property, plant & equipment (net) | $32.3M | $30.4M | $28.9M | $28.9M | $28.8M | $28.7M | $29.1M | $28.8M | $27.4M | $8.8M | $9.8M | $10.4M |
| Goodwill & intangible assets | $346.9M | $351.1M | $444.4M | $359.5M | $363.9M | $313.1M | $316.0M | $319.9M | $322.9M | $528.1M | $336.6M | $433.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.2M | $14.3M | $0 | $579,000 | $610,000 | $5.8M | $8.9M | $6.3M | $6.4M | $0 | $4.3M | $0 |
| Total assets | $851.4M | $866.2M | $913.8M | $915.6M | $907.2M | $878.3M | $915.5M | $892.5M | $937.1M | $1.01B | $1.08B | $940.0M |
| Liabilities | ||||||||||||
| Accounts payable | $133.4M | $113.9M | $129.9M | $126.4M | $119.7M | $97.7M | $122.0M | $101.5M | $115.6M | $146.1M | $217.2M | $139.5M |
| Short-term debt | $1.6M | $1.7M | $2.3M | $2.6M | $3.2M | $3.4M | $3.6M | $4.2M | $4.6M | $4.0M | $4.2M | $3.9M |
| Deferred revenue | $1.5M | $1.2M | $1.2M | — | $1.8M | $1.4M | $2.0M | $2.0M | $2.5M | $2.1M | $2.3M | $1.5M |
| Total current liabilities | $180.4M | $167.6M | $188.6M | $168.4M | $161.8M | $133.8M | $161.8M | $138.6M | $177.2M | $251.4M | $340.0M | $250.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $22.1M | $21.4M | $22.4M | $22.3M | $23.0M | $21.6M | $22.3M | $22.9M | $24.1M | $6.6M | $7.6M | $8.4M |
| Other long-term liabilities | $48.3M | $49.0M | $49.2M | $60.8M | $57.1M | $28.9M | $30.7M | $32.0M | $33.9M | $20.4M | $19.1M | $16.4M |
| Total liabilities | $228.6M | $216.6M | $237.8M | $229.2M | $218.9M | $162.7M | $192.6M | $170.7M | $211.1M | $271.8M | $359.1M | $266.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $304,000 | $327,000 | $341,000 | $361,000 | $360,000 | $388,000 | $391,000 | $427,000 | $423,000 | $416,000 | $413,000 | $409,000 |
| Retained earnings (deficit) | $171.9M | $178.7M | $188.7M | $180.7M | $184.8M | $188.3M | $196.6M | $195.9M | $193.8M | $200.0M | $184.0M | $148.8M |
| Accumulated other comprehensive income | −$231,000 | −$147,000 | $267,000 | $1.0M | $1.6M | −$316,000 | −$215,000 | $180,999 | −$673,000 | −$454,000 | −$83,000 | −$1.2M |
| Total shareholders' equity | $622.8M | $649.6M | $676.0M | $686.3M | $688.3M | $715.6M | $722.9M | $721.8M | $726.0M | $734.7M | $718.1M | $673.4M |
| Key figures | ||||||||||||
| Total debt | $22.1M | $21.4M | $42.4M | $22.3M | $23.0M | $21.6M | $22.3M | $22.9M | $24.1M | $6.6M | $7.6M | $8.4M |
| Net cash (debt) | $246.9M | $271.6M | $271.7M | $293.3M | $296.0M | $336.9M | $351.0M | $360.9M | $384.0M | $474.2M | $465.0M | $515.3M |
| Working capital | $276.6M | $302.7M | $331.2M | $358.2M | $352.1M | $396.9M | $399.6M | $398.8M | $403.3M | $409.0M | $386.6M | $433.5M |
| Tangible book value | $275.9M | $298.5M | $231.6M | $326.8M | $324.4M | $402.5M | $406.9M | $401.9M | $403.1M | $206.6M | $381.5M | $239.7M |
| Book value per share | $16.84 | $16.61 | $16.24 | $16.55 | $16.37 | $15.95 | $15.61 | $14.93 | $14.90 | $14.83 | $14.19 | $13.40 |
| Shares outstanding | 37.0M | 39.1M | 41.6M | 41.5M | 42.0M | 44.9M | 46.3M | 48.4M | 48.7M | 49.5M | 50.6M | 50.3M |
| Current ratio | 2.53 | 2.81 | 2.76 | 3.13 | 3.18 | 3.97 | 3.47 | 3.88 | 3.28 | 2.63 | 2.14 | 2.73 |
| Quick ratio | 2.39 | 2.65 | 2.66 | 2.91 | 2.98 | 3.81 | 3.32 | 3.72 | 3.14 | 2.53 | 2.07 | 2.66 |
| Debt / equity | 0.04 | 0.03 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 73.1% | 75.0% | 74.0% | 75.0% | 75.9% | 81.5% | 79.0% | 80.9% | 77.5% | 73.0% | 66.7% | 71.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.
PERI financial position
At the end of fiscal 2025 (December 31, 2025), Perion Network had total assets of $913.8 million (down 0.2% from a year earlier), total liabilities of $237.8 million and shareholders' equity of $676.0 million. It held $314.1 million in cash and short-term investments against $42.4 million of debt, a net cash position of $271.7 million. Its current ratio was 2.76. In the latest quarter (ended June 30, 2026) total assets were $851.4 million and equity $622.8 million.
Related: PERI income statement, PERI cash flow statement, PERI key metrics. See the PERI stock overview for the latest quote and news.
PERI balance sheet FAQ
What are Perion Network's total assets?
Perion Network reported total assets of $913.8 million at the end of fiscal 2025 (December 31, 2025), compared with $915.5 million a year earlier.
How much debt does Perion Network have?
Perion Network had $42.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does Perion Network have?
Perion Network held $314.1 million in cash and short-term investments at the end of fiscal 2025; with $42.4 million of debt that is net cash of $271.7 million.
What is Perion Network's book value?
Perion Network's shareholders' equity (book value) was $676.0 million at the end of fiscal 2025, or $16.06 per share.
What is Perion Network's current ratio?
Perion Network had current assets of $519.8 million and current liabilities of $188.6 million, a current ratio of 2.76 (it can cover its short-term obligations).
How much goodwill does Perion Network have?
Perion Network carried $444.4 million of goodwill and intangible assets, 48.6% of total assets, at the end of fiscal 2025.