Ceragon Networks Ltd. (CRNT) Income Statement
CRNT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRNT revenue and net income
Where CRNT's revenue goes
2025Each bar shows an amount and its share of revenue. CRNT kept −0.6% of revenue as net income.
CRNT profit margins
CRNT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −14.1% | +4.7% | +5.2% | −0.3% |
| Gross profit | −16.3% | +7.2% | +8.7% | +1.1% |
| Operating income | −71.5% | — | — | −6.5% |
| Net income | −108.7% | — | — | — |
| EPS (diluted) | −75.6% | — | — | 0.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRNT quarterly EPS vs estimates
Ceragon Networks beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 10, 2026 (estimate $0.04).
CRNT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $338.7M | $394.2M | $347.2M | $295.2M | $290.8M | $262.9M | $285.6M | $343.9M | $332.0M | $293.6M |
| Cost of revenue | $224.2M | $257.3M | $227.3M | $202.1M | $202.4M | $187.2M | $188.7M | $227.7M | $224.7M | $194.5M |
| Gross profit | $114.6M | $136.9M | $119.9M | $93.1M | $88.4M | $75.6M | $96.8M | $116.2M | $107.3M | $99.2M |
| Research & development | $30.4M | $35.0M | $32.3M | $29.7M | $29.5M | $31.0M | $26.8M | $28.2M | $25.7M | $21.7M |
| Sales, general & admin | $73.1M | $58.9M | $64.4M | $70.1M | $54.1M | $52.2M | $62.7M | $62.3M | $18.6M | $20.4M |
| Total operating expenses | $103.5M | $98.1M | $98.7M | $104.0M | $83.6M | $83.2M | $89.5M | $90.0M | $84.2M | $79.7M |
| Operating income | $11.1M | $38.7M | $21.2M | −$10.9M | $4.8M | −$7.6M | $7.3M | $26.1M | $23.1M | $19.5M |
| Interest income | $246,000 | $143,000 | $93,000 | $107,000 | $160,000 | $79,000 | $111,000 | $111,000 | $126,000 | $242,000 |
| Interest expense | $6.5M | $6.0M | $7.5M | $5.0M | $4.9M | $4.4M | $4.2M | $4.6M | $4.8M | $3.8M |
| Income before taxes | $708,000 | $27.3M | $12.7M | −$17.2M | −$3.8M | −$14.5M | $132,000 | $19.8M | $17.3M | $13.2M |
| Income taxes | $2.8M | $3.2M | $6.5M | $2.4M | $11.0M | $2.6M | $2.5M | −$3.3M | $1.7M | $1.8M |
| Net income | −$2.1M | $24.1M | $6.2M | −$19.7M | −$14.8M | −$17.1M | −$2.3M | $23.0M | $15.6M | $11.4M |
| EBITDA | $21.6M | $45.3M | $30.2M | −$1.2M | $13.1M | $3.5M | $14.3M | $33.8M | $31.3M | $27.6M |
| EPS (diluted) | $0.10 | $0.41 | $0.19 | −$0.03 | −$0.02 | −$0.15 | $0.01 | $0.22 | $0.18 | $0.14 |
| Gross margin | 33.8% | 34.7% | 34.5% | 31.5% | 30.4% | 28.8% | 33.9% | 33.8% | 32.3% | 33.8% |
| Operating margin | 3.3% | 9.8% | 6.1% | −3.7% | 1.7% | −2.9% | 2.6% | 7.6% | 7.0% | 6.6% |
| Net margin | −0.6% | 6.1% | 1.8% | −6.7% | −5.1% | −6.5% | −0.8% | 6.7% | 4.7% | 3.9% |
| 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 | $93.9M | $85.0M | $82.3M | $85.5M | $82.3M | $88.7M | $106.9M | $102.7M | $96.1M | $88.5M | $90.4M | $87.3M |
| Cost of revenue | $64.2M | $54.9M | $54.7M | $56.1M | $54.1M | $59.6M | $70.5M | $67.7M | $62.6M | $56.4M | $59.3M | $57.0M |
| Gross profit | $29.7M | $30.1M | $27.7M | $29.4M | $28.2M | $29.1M | $36.4M | $34.9M | $33.5M | $32.1M | $31.1M | $30.3M |
| Research & development | $8.4M | $7.9M | $7.9M | $7.0M | $7.3M | $8.2M | $9.0M | $8.8M | $8.4M | $8.8M | $9.1M | $7.5M |
| Sales, general & admin | $19.7M | $19.5M | $18.1M | $18.6M | $18.7M | $17.7M | $16.5M | $11.6M | $13.8M | $17.1M | $17.0M | $15.9M |
| Total operating expenses | $29.5M | $28.0M | $25.9M | $25.6M | $25.7M | $30.2M | $26.9M | $20.3M | $23.1M | $27.8M | $26.9M | $23.6M |
| Operating income | $237,000 | $2.1M | $1.7M | $3.8M | $2.4M | −$1.1M | $9.5M | $14.6M | $10.4M | $4.2M | $4.2M | $6.7M |
| Interest income | — | — | — | — | — | $990,000 | — | — | — | — | — | — |
| Interest expense | $1.6M | $2.9M | $1.7M | $3.0M | $2.9M | — | $637,000 | $1.8M | $1.9M | $2.9M | $3.4M | $1.7M |
| Income before taxes | −$1.4M | −$771,000 | $710,000 | $777,000 | −$679,000 | −$100,000 | $4.7M | $12.8M | $8.4M | $1.4M | $767,000 | $5.0M |
| Income taxes | $665,000 | $572,000 | $581,000 | $749,000 | $588,000 | $880,000 | $1.0M | $580,000 | $609,000 | $955,000 | $2.0M | $1.6M |
| Net income | −$2.1M | −$1.3M | $129,000 | $28,000 | −$1.3M | −$980,000 | $3.6M | $12.2M | $7.8M | $403,000 | −$1.2M | $3.4M |
| EBITDA | $5.1M | $5.5M | $6.3M | $4.2M | $5.8M | $6.4M | $13.1M | $17.6M | $13.3M | $9.0M | $5.7M | $9.0M |
| EPS (diluted) | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.09 | $0.16 | $0.11 | $0.05 | $0.04 | $0.06 |
| Gross margin | 31.7% | 35.4% | 33.6% | 34.3% | 34.2% | 32.8% | 34.0% | 34.0% | 34.8% | 36.2% | 34.4% | 34.7% |
| Operating margin | 0.3% | 2.5% | 2.1% | 4.4% | 3.0% | −1.2% | 8.9% | 14.3% | 10.8% | 4.8% | 4.6% | 7.6% |
| Net margin | −2.2% | −1.6% | 0.2% | 0.0% | −1.5% | −1.1% | 3.4% | 11.9% | 8.2% | 0.5% | −1.3% | 3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRNT's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRNT financial results
In fiscal year 2025 (ended December 31, 2025), Ceragon Networks reported revenue of $338.7 million, down 14.1% from the year before. It had a net loss of $2.1 million, a net profit margin of −0.6%. Diluted earnings per share came to $0.10. Over five years revenue grew at an average rate of 5.2% a year.
See the CRNT stock overview for the latest quote and news, or the CRNT chart for price history and technical indicators.
CRNT income statement FAQ
What is Ceragon Networks's annual revenue?
Ceragon Networks reported total revenue of $338.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 14.1% from $394.2 million the previous year.
Is Ceragon Networks profitable?
No. Ceragon Networks reported a net loss of $2.1 million in fiscal 2025, a net profit margin of −0.6%; its operating margin was 3.3%.
What is Ceragon Networks's gross margin?
Ceragon Networks's gross margin was 33.8% in fiscal 2025: for every $100 of revenue, Ceragon Networks kept $34 after the direct cost of its products and services.
How much does Ceragon Networks spend on research and development?
Ceragon Networks spent $30.4 million on research and development in fiscal 2025, 9.0% of revenue.
How fast is Ceragon Networks growing?
Revenue grew 5.2% a year on average over the last five fiscal years, from $262.9 million to $338.7 million.
What are Ceragon Networks's earnings per share?
Ceragon Networks earned $0.10 per diluted share in fiscal 2025, compared with $0.41 a year earlier.
When will Ceragon Networks report its next earnings?
Ceragon Networks is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does Ceragon Networks's fiscal year end?
Ceragon Networks's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.