Gilat Satellite Networks Ltd. (GILT) Income Statement
GILT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGILT revenue and net income
Where GILT's revenue goes
2025Each bar shows an amount and its share of revenue. GILT kept 4.6% of revenue as net income.
GILT profit margins
GILT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +47.9% | +23.5% | +22.1% | +8.6% |
| Gross profit | +17.7% | +15.3% | +26.4% | +11.7% |
| Operating income | −26.9% | +26.7% | −11.7% | — |
| Net income | −16.6% | — | −10.0% | — |
| EPS (diluted) | +57.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GILT quarterly EPS vs estimates
Gilat Satellite Networks beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 10, 2026 (estimate $0.13).
GILT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $451.7M | $305.4M | $266.1M | $239.8M | $215.0M | $166.1M | $263.5M | $266.4M | $282.8M | $279.6M |
| Cost of revenue | $318.3M | $192.1M | $161.1M | $152.9M | $143.7M | $124.8M | $167.6M | $172.4M | $200.3M | $204.1M |
| Gross profit | $133.3M | $113.3M | $104.9M | $86.9M | $71.3M | $41.4M | $95.9M | $94.0M | $82.5M | $75.5M |
| Research & development | $46.7M | $38.1M | $42.2M | $35.6M | $31.3M | $26.3M | $30.2M | $33.0M | $28.0M | $24.9M |
| Sales, general & admin | $66.5M | $26.9M | $19.2M | $40.1M | $37.1M | $14.1M | $40.1M | $39.7M | $43.6M | $49.9M |
| Total operating expenses | $113.1M | $85.6M | $76.9M | $77.0M | $69.1M | $3.6M | $70.3M | $72.8M | $71.6M | $74.7M |
| Operating income | $20.2M | $27.7M | $28.1M | $10.0M | $2.2M | $37.8M | $25.6M | $21.3M | $10.9M | $755,000 |
| Interest income | $3.7M | $4.3M | $3.7M | $980,000 | $315,000 | $399,000 | $1.5M | $981,000 | $447,000 | $1.0M |
| Interest expense | $4.5M | $2.1M | $2.2M | $1.8M | $2.1M | $2.4M | $4.0M | $4.2M | $4.9M | $5.5M |
| Income before taxes | $18.9M | $29.2M | $28.2M | $7.1M | $459,000 | $35.9M | $23.0M | $17.0M | $6.6M | −$4.1M |
| Income taxes | −$1.8M | $4.4M | $4.7M | $13.1M | $3.5M | $793,000 | −$13.6M | −$1.4M | −$247,000 | $1.3M |
| Net income | $20.7M | $24.8M | $23.5M | −$5.9M | −$3.0M | $35.1M | $36.5M | $18.4M | $6.8M | −$5.3M |
| EBITDA | $47.1M | $43.3M | $41.8M | $18.7M | $11.4M | $46.4M | $34.6M | $34.4M | $24.0M | $10.1M |
| EPS (diluted) | $0.63 | $0.40 | $0.42 | −$0.10 | −$0.03 | −$0.35 | $0.71 | $0.30 | $0.21 | −$0.04 |
| Gross margin | 29.5% | 37.1% | 39.4% | 36.2% | 33.2% | 24.9% | 36.4% | 35.3% | 29.2% | 27.0% |
| Operating margin | 4.5% | 9.1% | 10.6% | 4.1% | 1.0% | 22.7% | 9.7% | 8.0% | 3.8% | 0.3% |
| Net margin | 4.6% | 8.1% | 8.8% | −2.5% | −1.4% | 21.1% | 13.9% | 6.9% | 2.4% | −1.9% |
| 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 | $122.7M | $110.5M | $137.0M | $117.7M | $105.0M | $92.0M | $78.1M | $74.6M | $76.6M | $76.1M | $75.6M | $63.9M |
| Cost of revenue | $85.4M | $72.8M | $98.7M | $83.0M | $73.0M | $63.6M | $47.1M | $46.9M | $50.1M | $48.0M | $46.7M | $38.1M |
| Gross profit | $37.3M | $37.6M | $38.3M | $34.7M | $31.9M | $28.4M | $31.0M | $27.7M | $26.6M | $28.1M | $28.9M | $25.8M |
| Research & development | $11.6M | $12.1M | $11.2M | $11.5M | $12.3M | $11.6M | $10.1M | $9.5M | $9.2M | $9.3M | $11.6M | $10.5M |
| Sales, general & admin | $21.7M | $20.1M | $21.1M | $15.9M | $6.2M | $15.0M | $6.2M | $6.2M | $13.5M | $8.1M | $13.4M | $3.7M |
| Total operating expenses | $33.3M | $32.2M | $32.3M | $27.2M | $26.2M | $31.1M | $18.3M | $20.9M | $23.8M | $22.7M | $26.0M | $13.1M |
| Operating income | $3.9M | $5.4M | $6.0M | $7.5M | $5.7M | −$2.7M | $12.8M | $6.7M | $2.8M | $5.4M | $2.9M | $12.7M |
| Interest expense | — | — | $1.3M | $992,000 | $1.2M | $936,000 | — | — | — | — | $1.4M | $352,000 |
| Income before taxes | $6.9M | $5.7M | $11.6M | $6.6M | $4.4M | −$3.7M | $12.8M | $7.4M | $3.1M | $5.9M | $4.1M | $12.4M |
| Income taxes | −$1.3M | $447,000 | $2.8M | −$1.5M | −$5.4M | $2.3M | $1.1M | $588,000 | $1.8M | $940,000 | $628,000 | $2.2M |
| Net income | $8.1M | $5.2M | $8.8M | $8.1M | $9.8M | −$6.0M | $11.8M | $6.8M | $1.3M | $5.0M | $3.4M | $10.2M |
| EBITDA | $9.3M | $10.8M | $20.3M | $13.9M | $11.7M | $3.4M | $17.8M | $10.6M | $7.0M | $9.3M | $7.0M | $16.1M |
| EPS (diluted) | $0.14 | $0.18 | $0.20 | $0.19 | $0.21 | $0.03 | $0.15 | $0.14 | $0.02 | $0.09 | $0.06 | $0.18 |
| Gross margin | 30.4% | 34.1% | 28.0% | 29.5% | 30.4% | 30.9% | 39.7% | 37.1% | 34.7% | 36.9% | 38.2% | 40.4% |
| Operating margin | 3.2% | 4.9% | 4.4% | 6.4% | 5.4% | −3.0% | 16.3% | 9.0% | 3.6% | 7.1% | 3.8% | 19.9% |
| Net margin | 6.6% | 4.7% | 6.4% | 6.9% | 9.4% | −6.5% | 15.1% | 9.1% | 1.7% | 6.5% | 4.6% | 15.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GILT's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GILT financial results
In fiscal year 2025 (ended December 31, 2025), Gilat Satellite Networks reported revenue of $451.7 million, up 47.9% from the year before. It had net income of $20.7 million (down 16.6%), a net profit margin of 4.6%. Diluted earnings per share came to $0.63. Over five years revenue grew at an average rate of 22.1% a year.
See the GILT stock overview for the latest quote and news, or the GILT chart for price history and technical indicators.
GILT income statement FAQ
What is Gilat Satellite Networks's annual revenue?
Gilat Satellite Networks reported total revenue of $451.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 47.9% from $305.4 million the previous year.
Is Gilat Satellite Networks profitable?
Yes. Gilat Satellite Networks reported net income of $20.7 million in fiscal 2025, a net profit margin of 4.6%; its operating margin was 4.5%.
What is Gilat Satellite Networks's gross margin?
Gilat Satellite Networks's gross margin was 29.5% in fiscal 2025: for every $100 of revenue, Gilat Satellite Networks kept $30 after the direct cost of its products and services.
How much does Gilat Satellite Networks spend on research and development?
Gilat Satellite Networks spent $46.7 million on research and development in fiscal 2025, 10.3% of revenue.
How fast is Gilat Satellite Networks growing?
Revenue grew 22.1% a year on average over the last five fiscal years, from $166.1 million to $451.7 million.
What are Gilat Satellite Networks's earnings per share?
Gilat Satellite Networks earned $0.63 per diluted share in fiscal 2025, compared with $0.40 a year earlier.
When will Gilat Satellite Networks report its next earnings?
Gilat Satellite Networks is expected to report results for the quarter ending September 30, 2026 on November 10, 2026 before the market opens.
When does Gilat Satellite Networks's fiscal year end?
Gilat Satellite Networks's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.