PERINasdaqServices-Computer Programming ServicesFiscal year ends December 31
Perion Network Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 16, 2026
$8.80+0.06 (+0.69%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
-3.4%−7.1 pts over 5 years
Net margin
-1.8%−4.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -11.7% | -11.8% | +6.0% | +7.1% | |
| Free cash flow | +56806.0% | -32.0% | +11.9% | +9.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.1% | 5.9% | -1.1% | |
| Return on assets | 0.0% | 3.2% | -0.9% | |
| Current ratio | 1.31 | 1.23 | 2.76 | |
| Debt to equity | 0.27 | – | – | |
| Net debt to EBITDA | 0.82× | – | – | |
| Interest coverage | 2.1× | 11.7× | – | |
| Capex to revenue | 0.5% | 0.1% | 0.9% | |
| Diluted shares | 26M | 29M | 42M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Perion Network generated $397.55M from operations and spent $13.17M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$397.55M
Used
$13.17M
Capital expenditure$13.17M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.8%
×Asset turnover0.48×
×Equity multiplier1.31×
=Return on equity, FY2025-1.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.8% | 0.48× | 1.31× | -1.1% |
| FY2024 | 2.5% | 0.50× | 1.38× | 1.8% |
| FY2023 | 15.5% | 0.76× | 1.50× | 17.7% |
| FY2022 | 15.2% | 0.81× | 1.51× | 18.6% |
| FY2021 | 8.1% | 0.89× | 1.65× | 11.9% |
| FY2020 | 3.1% | 1.02× | 1.84× | 5.9% |
| FY2019 | 4.9% | 0.97× | 1.72× | 8.2% |
| FY2018 | 3.2% | 0.95× | 1.85× | 5.7% |
| FY2017 | -26.6% | 0.85× | 1.85× | -42.0% |
| FY2016 | 0.1% | 0.77× | 1.99× | 0.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$7.93M
- Cash generatingOperating cash flow above zero$41.93M
- Return on assets improvedROA up on the prior year1.2% → -0.9%
- Earnings backed by cashOperating cash flow above net income$41.93M vs -$7.93M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.47 → 2.76
- No dilutionShare count did not rise50M → 42M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.46 → 0.48