Perion Network Ltd (PERI) Income Statement
PERI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPERI revenue and net income
Where PERI's revenue goes
2025Each bar shows an amount and its share of revenue. PERI kept −1.8% of revenue as net income.
PERI profit margins
PERI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −11.7% | −11.8% | +6.0% | +7.1% |
| Gross profit | −19.0% | −17.3% | +4.4% | +1.7% |
| Operating income | — | — | — | — |
| Net income | −162.9% | — | — | — |
| EPS (diluted) | −17.5% | −24.9% | +2.9% | −3.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PERI quarterly EPS vs estimates
Perion Network beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 11, 2026 (estimate $0.00).
PERI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $439.9M | $498.3M | $743.2M | $640.3M | $478.5M | $328.1M | $261.4M | $252.8M | $274.0M | $312.8M |
| Cost of revenue | $306.0M | $332.8M | $470.8M | $403.0M | $313.2M | $220.1M | $161.4M | $152.1M | $155.5M | $156.7M |
| Gross profit | $134.0M | $165.5M | $272.4M | $237.3M | $165.3M | $108.0M | $100.0M | $100.7M | $118.4M | $156.1M |
| Research & development | $34.7M | $36.8M | $33.9M | $34.4M | $35.3M | $30.9M | $22.6M | $18.9M | $17.2M | $26.5M |
| Sales, general & admin | $112.9M | $106.8M | $91.4M | $79.8M | $74.1M | $54.9M | $49.7M | $55.4M | $74.7M | $91.5M |
| Total operating expenses | $147.5M | $168.5M | $158.1M | $128.1M | $119.4M | $95.7M | $82.0M | $84.0M | $108.4M | $144.0M |
| Operating income | −$13.6M | −$3.0M | $114.3M | $109.2M | $45.9M | $12.3M | $18.0M | $14.7M | −$75.7M | $11.3M |
| Interest income | $13.5M | $20.2M | $17.2M | $5.0M | $539,000 | $287,000 | $624,000 | $296,000 | $132,000 | $204,000 |
| Interest expense | $669,000 | $650,000 | $357,000 | $227,000 | $592,000 | $1.4M | $3.1M | $4.6M | $5.0M | $7.0M |
| Income before taxes | −$5.0M | $15.5M | $135.2M | $113.7M | $45.3M | $9.6M | $14.5M | $10.9M | −$81.6M | $3.1M |
| Income taxes | $3.0M | $2.9M | $20.3M | $14.4M | $6.6M | −$610,000 | $1.6M | $2.8M | −$8.8M | $212,000 |
| Net income | −$7.9M | $12.6M | $115.0M | $99.2M | $38.7M | $10.2M | $12.9M | $8.1M | −$72.8M | $201,000 |
| EBITDA | $12.7M | $21.8M | $149.3M | $127.5M | $55.3M | $22.2M | $27.7M | $25.2M | −$59.9M | $38.1M |
| EPS (diluted) | $1.04 | $1.26 | $3.32 | $2.46 | $1.54 | $0.90 | $0.69 | $0.52 | $0.66 | $1.05 |
| Gross margin | 30.5% | 33.2% | 36.6% | 37.1% | 34.5% | 32.9% | 38.3% | 39.8% | 43.2% | 49.9% |
| Operating margin | −3.1% | −0.6% | 15.4% | 17.0% | 9.6% | 3.7% | 6.9% | 5.8% | −27.6% | 3.6% |
| Net margin | −1.8% | 2.5% | 15.5% | 15.5% | 8.1% | 3.1% | 4.9% | 3.2% | −26.6% | 0.1% |
| 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 | $98.2M | $90.4M | $137.1M | $110.5M | $103.0M | $89.3M | $129.6M | $102.2M | $108.7M | $157.8M | $234.2M | $185.3M |
| Cost of revenue | $72.1M | $63.0M | $89.5M | $73.3M | $68.4M | $62.0M | $87.2M | $66.1M | $70.2M | $113.7M | $154.5M | $117.8M |
| Gross profit | $26.1M | $27.4M | $47.6M | $37.2M | $34.6M | $27.3M | $42.4M | $36.1M | $38.5M | $44.2M | $79.7M | $67.5M |
| Research & development | $6.4M | $6.9M | $8.7M | $8.6M | $8.9M | $8.5M | $8.5M | $8.3M | $10.1M | $9.8M | $8.7M | $7.8M |
| Sales, general & admin | $27.2M | $30.8M | $28.5M | $28.6M | $28.7M | $27.1M | $23.5M | $27.1M | $28.0M | $25.8M | $25.1M | $21.9M |
| Total operating expenses | $33.6M | $42.6M | $37.2M | $42.1M | $41.9M | $40.3M | $38.2M | $38.9M | $51.4M | $35.7M | $39.9M | $35.1M |
| Operating income | −$7.5M | −$15.3M | $10.4M | −$4.9M | −$7.4M | −$13.0M | $4.2M | −$2.8M | −$12.9M | $8.5M | $39.9M | $32.5M |
| Interest income | $253,000 | $2.3M | $4.2M | $2.4M | $3.6M | $3.4M | $3.7M | $5.4M | $5.7M | $5.5M | $6.0M | $6.1M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $567,000 |
| Income before taxes | −$7.8M | −$13.2M | $11.0M | −$2.6M | −$3.8M | −$9.6M | $6.1M | $2.6M | −$7.2M | $14.0M | $46.1M | $38.6M |
| Income taxes | −$1.0M | −$3.2M | $3.0M | $1.5M | −$312,000 | −$1.3M | $1.2M | $475,000 | −$997,000 | $2.2M | $6.7M | $5.7M |
| Net income | −$6.8M | −$10.0M | $8.0M | −$4.1M | −$3.5M | −$8.3M | $4.9M | $2.1M | −$6.2M | $11.8M | $39.4M | $32.8M |
| EBITDA | −$2.4M | −$8.3M | $16.0M | $2.4M | $511,000 | −$8.2M | $17.8M | $6.2M | $300,000 | $18.5M | $48.2M | $37.9M |
| EPS (diluted) | −$0.01 | $0.11 | $0.39 | $0.28 | $0.26 | $0.11 | $0.33 | $0.23 | $0.26 | $0.44 | $1.04 | $0.84 |
| Gross margin | 26.6% | 30.3% | 34.7% | 33.6% | 33.6% | 30.6% | 32.7% | 35.3% | 35.4% | 28.0% | 34.0% | 36.4% |
| Operating margin | −7.6% | −16.9% | 7.6% | −4.5% | −7.2% | −14.6% | 3.2% | −2.7% | −11.9% | 5.4% | 17.0% | 17.5% |
| Net margin | −6.9% | −11.1% | 5.8% | −3.7% | −3.4% | −9.3% | 3.8% | 2.1% | −5.7% | 7.5% | 16.8% | 17.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PERI's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PERI financial results
In fiscal year 2025 (ended December 31, 2025), Perion Network reported revenue of $439.9 million, down 11.7% from the year before. It had a net loss of $7.9 million, a net profit margin of −1.8%. Diluted earnings per share came to $1.04. Over five years revenue grew at an average rate of 6.0% a year.
See the PERI stock overview for the latest quote and news, or the PERI chart for price history and technical indicators.
PERI income statement FAQ
What is Perion Network's annual revenue?
Perion Network reported total revenue of $439.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 11.7% from $498.3 million the previous year.
Is Perion Network profitable?
No. Perion Network reported a net loss of $7.9 million in fiscal 2025, a net profit margin of −1.8%; its operating margin was −3.1%.
What is Perion Network's gross margin?
Perion Network's gross margin was 30.5% in fiscal 2025: for every $100 of revenue, Perion Network kept $30 after the direct cost of its products and services.
How much does Perion Network spend on research and development?
Perion Network spent $34.7 million on research and development in fiscal 2025, 7.9% of revenue.
How fast is Perion Network growing?
Revenue grew 6.0% a year on average over the last five fiscal years, from $328.1 million to $439.9 million.
What are Perion Network's earnings per share?
Perion Network earned $1.04 per diluted share in fiscal 2025, compared with $1.26 a year earlier.
When will Perion Network report its next earnings?
Perion Network is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does Perion Network's fiscal year end?
Perion Network's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.