AudioCodes (AUDC) Financial Statements & Analysis

AudioCodes (AUDC) Income Statement

AudioCodes reported revenue of $245.60M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1.4% from $242.18M a year earlier. Net income was $8.96M, down 41.5% year over year, a net margin of 3.6%. Gross margin was 65.0% and operating margin 5.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $62.96M, up 3.1% from the same quarter a year earlier.

AudioCodes Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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AudioCodes Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	245.60	242.18	244.38	275.09	248.92	220.77	200.29	176.22	156.74
Cost of Revenue	85.97	84.02	86.03	96.32	78.03	70.96	105.33	65.62	58.89
Gross Profit	159.63	158.16	158.35	178.78	170.89	149.82	94.96	110.61	97.85
Operating Expenses
Research & Development	52.59	52.13	57.17	59.84	53.40	46.07	41.20	34.66	30.35
Selling, General & Administrative	93.00	88.85	86.76	87.62	77.97	65.39	63.31	59.59	57.85
Operating Expenses	145.59	140.97	143.93	147.46	131.37	111.47	104.51	94.25	88.20
Operating Income	14.04	17.19	14.42	31.32	39.52	38.35	-9.55	16.36	9.65
Other Income/Expense
Interest Income	0.00	2.91	3.37	2.80	2.69	1.26	1.01	1.13	1.21
Interest Expense	0.46	0.30	3.24	0.36	2.26	1.00	0.60	0.88	0.57
Other Income/Expense	-0.46	-4.71	-0.05	0.42	0.12	-1.70	-1.76	0.23	-0.01
Income
Income Before Tax	13.58	15.10	14.37	34.18	39.65	36.65	-11.32	16.59	9.64
Income Tax Expense	4.62	-0.22	5.59	5.72	5.90	9.40	-15.29	3.09	5.61
Net Income	8.96	15.31	8.78	28.47	33.75	27.25	3.98	13.49	4.03
Net Income - Continuous Operations	8.96	15.31	8.78	28.47	33.75	27.25	3.98	13.49	4.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	18.00	19.28	18.53	37.53	44.34	39.57	-8.67	18.67	12.09
EBIT	14.04	15.39	14.42	34.54	39.52	-	-	-	-
Depreciation & Amortization	4.24	3.88	2.60	2.98	2.43	2.27	2.04	2.31	2.44
Earnings Per Share
Basic EPS	-	1.00	-	1.00	1.00	1.00	-	-	-
Diluted EPS	-	1.00	-	1.00	1.00	1.00	-	-	-
Basic Shares Outstanding	28.89	30.16	31.40	31.85	32.70	31.44	29.25	28.93	31.10
Diluted Shares Outstanding	28.98	30.64	31.58	32.50	33.85	32.92	30.80	30.22	32.17

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About AudioCodes Financial Statements

What was AudioCodes's revenue in fiscal 2025?

AudioCodes reported revenue of $245.60M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1.4% from $242.18M a year earlier.

Is AudioCodes profitable?

Yes. AudioCodes earned net income of $8.96M in fiscal 2025, a net margin of 3.6%. In fiscal 2024 it earned $15.31M.

What is AudioCodes's operating margin?

AudioCodes's operating income was $14.04M on revenue of $245.60M in fiscal 2025, an operating margin of 5.7%, compared with 7.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition