AudioCodes Ltd. (AUDC) Income Statement
AUDC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAUDC revenue and net income
Where AUDC's revenue goes
2025Each bar shows an amount and its share of revenue. AUDC kept 3.6% of revenue as net income.
AUDC profit margins
AUDC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.4% | −3.7% | +2.2% | +5.8% |
| Gross profit | +0.9% | −3.7% | +1.3% | +6.8% |
| Operating income | −18.3% | −23.5% | −18.2% | +17.9% |
| Net income | −41.5% | −32.0% | −20.0% | +37.7% |
| EPS (diluted) | −29.5% | −22.8% | −14.9% | +15.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AUDC quarterly EPS vs estimates
AudioCodes beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 3, 2026.
AUDC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Research & development | $52.6M | $52.1M | $57.2M | $59.8M | $53.4M | $46.1M | $41.2M | $34.7M | $30.3M | $29.1M |
| Sales, general & admin | $93.0M | $88.8M | $86.8M | $87.6M | $78.0M | $65.4M | $63.3M | $59.6M | $57.8M | $51.4M |
| 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 income | $2.8M | $2.9M | $2.3M | $2.8M | $2.7M | $1.3M | $1.0M | $1.1M | $1.2M | $1.8M |
| Interest expense | $461,000 | $296,000 | $3.2M | $358,000 | $2.3M | $1.0M | $600,000 | $884,000 | $567,000 | $545,000 |
| Income before taxes | $13.6M | $15.1M | $14.4M | $34.2M | $39.6M | $36.6M | −$11.3M | $16.6M | $9.6M | $7.6M |
| Income taxes | $4.6M | −$215,000 | $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 |
| EBITDA | $18.0M | $19.3M | $18.5M | $39.4M | $44.3M | $39.6M | −$8.7M | $18.7M | $12.1M | $10.6M |
| EPS (diluted) | $0.62 | $0.88 | $0.77 | $1.35 | $1.51 | $1.39 | $0.90 | $0.66 | $0.37 | $0.26 |
| Gross margin | 65.0% | 65.3% | 64.8% | 65.0% | 68.7% | 67.9% | 47.4% | 62.8% | 62.4% | 60.7% |
| Operating margin | 5.7% | 7.1% | 5.9% | 11.4% | 15.9% | 17.4% | −4.8% | 9.3% | 6.2% | 5.3% |
| Net margin | 3.6% | 6.3% | 3.6% | 10.3% | 13.6% | 12.3% | 2.0% | 7.7% | 2.6% | 11.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.0M | $62.1M | $62.6M | $61.5M | $61.1M | $60.4M | $61.6M | $60.2M | $60.3M | $60.1M | $63.6M | $61.6M |
| Cost of revenue | $21.6M | $21.0M | $21.5M | $21.3M | $22.0M | $21.2M | $20.8M | $20.9M | $20.8M | $21.4M | $21.2M | $20.7M |
| Gross profit | $41.4M | $41.1M | $41.1M | $40.3M | $39.1M | $39.1M | $40.7M | $39.3M | $39.5M | $38.7M | $42.4M | $40.9M |
| Research & development | $13.3M | $14.1M | $13.5M | $13.2M | $12.9M | $13.0M | $12.3M | $12.7M | $13.2M | $13.9M | $13.8M | $14.0M |
| Sales, general & admin | $24.9M | $23.7M | $23.9M | $23.0M | $23.7M | $22.5M | $24.3M | $21.8M | $21.4M | $21.5M | $21.4M | $21.2M |
| Total operating expenses | $38.2M | $37.8M | $37.4M | $36.2M | $36.5M | $35.5M | $36.6M | $34.4M | $34.5M | $35.4M | $35.2M | $35.2M |
| Operating income | $3.2M | $3.4M | $3.7M | $4.1M | $2.6M | $3.6M | $4.1M | $4.9M | $4.9M | $3.3M | $7.2M | $5.8M |
| Interest income | — | — | — | — | — | — | — | — | — | $23,000 | $1.3M | $492,000 |
| Interest expense | $1.8M | $382,000 | $1.0M | — | $1.2M | — | $639,000 | $614,000 | — | — | $298,000 | $1.7M |
| Income before taxes | $1.4M | $3.0M | $2.7M | $4.1M | $1.4M | $5.4M | $2.2M | $4.3M | $5.3M | $3.3M | $5.5M | $6.3M |
| Income taxes | $962,000 | $1.0M | $785,000 | $1.4M | $1.1M | $1.3M | −$4.6M | $1.6M | $1.6M | $1.2M | $1.8M | $2.0M |
| Net income | $477,000 | $2.0M | $1.9M | $2.7M | $306,000 | $4.0M | $6.8M | $2.7M | $3.8M | $2.1M | $3.7M | $4.3M |
| EBITDA | $4.3M | $4.4M | $4.6M | $5.3M | $3.6M | $6.3M | $3.4M | $5.9M | $6.6M | $3.8M | $9.4M | $6.9M |
| EPS (diluted) | $0.10 | $0.14 | $0.16 | $0.17 | $0.14 | $0.15 | $0.37 | $0.16 | $0.18 | $0.17 | $0.28 | $0.25 |
| Gross margin | 65.7% | 66.2% | 65.6% | 65.5% | 64.1% | 64.8% | 66.2% | 65.2% | 65.5% | 64.4% | 66.7% | 66.5% |
| Operating margin | 5.1% | 5.4% | 6.0% | 6.6% | 4.3% | 6.0% | 6.7% | 8.1% | 8.2% | 5.5% | 11.4% | 9.4% |
| Net margin | 0.8% | 3.1% | 3.0% | 4.4% | 0.5% | 6.7% | 11.0% | 4.4% | 6.3% | 3.5% | 5.8% | 6.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AUDC's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AUDC financial results
In fiscal year 2025 (ended December 31, 2025), AudioCodes reported revenue of $245.6 million, up 1.4% from the year before. It had net income of $9.0 million (down 41.5%), a net profit margin of 3.6%. Diluted earnings per share came to $0.62. Over five years revenue grew at an average rate of 2.2% a year.
See the AUDC stock overview for the latest quote and news, or the AUDC chart for price history and technical indicators.
AUDC income statement FAQ
What is AudioCodes's annual revenue?
AudioCodes reported total revenue of $245.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 1.4% from $242.2 million the previous year.
Is AudioCodes profitable?
Yes. AudioCodes reported net income of $9.0 million in fiscal 2025, a net profit margin of 3.6%; its operating margin was 5.7%.
What is AudioCodes's gross margin?
AudioCodes's gross margin was 65.0% in fiscal 2025: for every $100 of revenue, AudioCodes kept $65 after the direct cost of its products and services.
How much does AudioCodes spend on research and development?
AudioCodes spent $52.6 million on research and development in fiscal 2025, 21.4% of revenue.
How fast is AudioCodes growing?
Revenue grew 2.2% a year on average over the last five fiscal years, from $220.8 million to $245.6 million.
What are AudioCodes's earnings per share?
AudioCodes earned $0.62 per diluted share in fiscal 2025, compared with $0.88 a year earlier.
When will AudioCodes report its next earnings?
AudioCodes is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does AudioCodes's fiscal year end?
AudioCodes's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.