RADCOM Ltd (RDCM) Income Statement
RDCM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRDCM revenue and net income
Where RDCM's revenue goes
2025Each bar shows an amount and its share of revenue. RDCM kept 16.8% of revenue as net income.
RDCM profit margins
RDCM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.2% | +15.8% | +13.7% | +14.4% |
| Gross profit | +20.0% | +17.7% | +15.2% | +14.2% |
| Operating income | +169.0% | — | — | — |
| Net income | +72.1% | — | — | — |
| EPS (diluted) | +31.0% | +122.4% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RDCM quarterly EPS vs estimates
RADCOM beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 11, 2026 (estimate $-0.03).
RDCM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.5M | $61.0M | $51.6M | $46.1M | $40.3M | $37.6M | $33.0M | $34.0M | $37.2M | $29.5M |
| Cost of revenue | $17.2M | $15.7M | $13.8M | $12.7M | $11.4M | $10.8M | $9.9M | $8.9M | $10.5M | $9.0M |
| Gross profit | $54.3M | $45.3M | $37.8M | $33.3M | $28.9M | $26.8M | $23.1M | $25.2M | $26.7M | $20.5M |
| Research & development | $19.9M | $18.7M | $18.8M | $20.7M | $19.8M | $17.8M | $16.7M | $13.9M | $9.0M | $6.4M |
| Sales, general & admin | $26.1M | $24.2M | $19.6M | $16.7M | $14.5M | $13.5M | $14.2M | $14.8M | $15.2M | $13.1M |
| Total operating expenses | $46.0M | $42.2M | $38.5M | $37.5M | $34.4M | $31.4M | $30.9M | $28.7M | $24.1M | $19.4M |
| Operating income | $8.3M | $3.1M | −$662,000 | −$4.1M | −$5.5M | −$4.6M | −$7.8M | −$3.5M | $2.6M | $1.1M |
| Interest income | $5.0M | $4.7M | $4.3M | $1.8M | $666,000 | $810,000 | $1.8M | $1.5M | $572,000 | $489,000 |
| Interest expense | — | $189,000 | $135,000 | $2.0M | $894,000 | $1.5M | $1.9M | $1.4M | $514,000 | $23,000 |
| Income before taxes | $12.6M | $7.2M | $3.9M | −$2.1M | −$5.1M | −$3.8M | −$6.7M | −$2.4M | $3.0M | $1.9M |
| Income taxes | $595,000 | $234,000 | $182,000 | $159,000 | $124,000 | $220,000 | $169,000 | $63,000 | $83,000 | $24,000 |
| Net income | $12.0M | $7.0M | $3.7M | −$2.3M | −$5.3M | −$4.0M | −$6.8M | −$2.4M | $2.9M | $1.9M |
| EBITDA | $13.3M | $8.1M | $16,000 | −$3.6M | −$5.0M | −$3.9M | −$7.1M | −$2.8M | $3.1M | $1.4M |
| EPS (diluted) | $1.10 | $0.84 | $0.65 | $0.10 | −$0.13 | −$0.12 | −$0.34 | −$0.03 | $0.40 | $0.43 |
| Gross margin | 76.0% | 74.2% | 73.3% | 72.4% | 71.6% | 71.4% | 70.0% | 74.0% | 71.8% | 69.6% |
| Operating margin | 11.6% | 5.1% | −1.3% | −8.9% | −13.6% | −12.2% | −23.7% | −10.2% | 7.0% | 3.8% |
| Net margin | 16.8% | 11.4% | 7.2% | −4.9% | −13.1% | −10.6% | −20.7% | −7.1% | 7.8% | 6.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.8M | $18.6M | $18.9M | $18.4M | $17.7M | $16.6M | $16.3M | $15.8M | $14.8M | $14.1M | $14.0M | $13.2M |
| Cost of revenue | $2.9M | $4.5M | $4.4M | $4.4M | $4.4M | $4.1M | $4.1M | $4.1M | $3.8M | $3.8M | $3.4M | $3.5M |
| Gross profit | $8.8M | $14.0M | $14.5M | $14.0M | $13.3M | $12.5M | $12.1M | $11.8M | $11.0M | $10.4M | $10.6M | $9.7M |
| Research & development | $5.7M | $5.6M | $5.3M | $4.9M | $5.0M | $4.7M | $4.6M | $4.5M | $4.6M | $4.6M | $4.1M | $5.5M |
| Sales, general & admin | $6.9M | $6.3M | $6.5M | $6.7M | $6.6M | $6.3M | $6.2M | $6.0M | $5.7M | $6.3M | $5.0M | $5.5M |
| Total operating expenses | $12.6M | $11.9M | $11.8M | $11.6M | $11.6M | $11.0M | $10.8M | $10.6M | $10.1M | $10.7M | $12.6M | $10.9M |
| Operating income | −$3.8M | $2.2M | $2.7M | $2.4M | $1.7M | $1.5M | $1.3M | $1.2M | $880,000 | −$310,000 | $1.4M | −$1.3M |
| Interest income | $805,000 | $1.2M | $1.9M | $1.2M | $793,000 | $1.1M | $1.7M | $1.1M | $854,000 | $1.1M | — | $1.0M |
| Interest expense | — | — | — | — | — | — | $577,000 | — | — | — | — | — |
| Income before taxes | −$3.0M | $3.4M | $3.9M | $3.6M | $2.5M | $2.6M | $2.4M | $2.3M | $1.7M | $795,000 | $2.7M | −$240,000 |
| Income taxes | $162,000 | $315,000 | $251,000 | $107,000 | $95,000 | $142,000 | $142,000 | $32,000 | $27,000 | $33,000 | — | $41,000 |
| Net income | −$3.1M | $3.1M | $3.6M | $3.5M | $2.4M | $2.4M | $2.2M | $2.3M | $1.7M | $762,000 | $2.6M | −$281,000 |
| EBITDA | −$3.0M | $3.5M | $4.0M | $3.7M | $2.5M | $2.7M | $2.5M | $2.4M | $1.9M | $950,250 | — | −$1.1M |
| EPS (diluted) | −$0.18 | $0.28 | $0.31 | $0.29 | $0.25 | $0.25 | $0.23 | $0.23 | $0.20 | $0.18 | $0.25 | $0.15 |
| Gross margin | 75.1% | 75.6% | 76.8% | 76.3% | 75.3% | 75.3% | 74.6% | 74.3% | 74.4% | 73.4% | 75.5% | 73.4% |
| Operating margin | −31.9% | 11.7% | 14.2% | 13.1% | 9.9% | 8.8% | 8.1% | 7.6% | 5.9% | −2.2% | 10.1% | −9.6% |
| Net margin | −26.5% | 16.6% | 19.3% | 18.9% | 13.8% | 14.7% | 13.8% | 14.2% | 11.5% | 5.4% | 18.5% | −2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RDCM's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RDCM financial results
In fiscal year 2025 (ended December 31, 2025), RADCOM reported revenue of $71.5 million, up 17.2% from the year before. It had net income of $12.0 million (up 72.1%), a net profit margin of 16.8%. Diluted earnings per share came to $1.10. Over five years revenue grew at an average rate of 13.7% a year.
See the RDCM stock overview for the latest quote and news, or the RDCM chart for price history and technical indicators.
RDCM income statement FAQ
What is RADCOM's annual revenue?
RADCOM reported total revenue of $71.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 17.2% from $61.0 million the previous year.
Is RADCOM profitable?
Yes. RADCOM reported net income of $12.0 million in fiscal 2025, a net profit margin of 16.8%; its operating margin was 11.6%.
What is RADCOM's gross margin?
RADCOM's gross margin was 76.0% in fiscal 2025: for every $100 of revenue, RADCOM kept $76 after the direct cost of its products and services.
How much does RADCOM spend on research and development?
RADCOM spent $19.9 million on research and development in fiscal 2025, 27.8% of revenue.
How fast is RADCOM growing?
Revenue grew 13.7% a year on average over the last five fiscal years, from $37.6 million to $71.5 million.
What are RADCOM's earnings per share?
RADCOM earned $1.10 per diluted share in fiscal 2025, compared with $0.84 a year earlier.
When will RADCOM report its next earnings?
RADCOM is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does RADCOM's fiscal year end?
RADCOM's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.