AudioCodes (AUDC) Balance Sheet: Assets & Liabilities

AudioCodes (AUDC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), AudioCodes reported total assets of $323.02M and total liabilities of $151.72M. Shareholders' equity was $171.30M, down 10.7% from $191.81M a year earlier. Total debt stood at $37.98M against $72.87M in cash and short-term investments, a net cash position of $34.89M. That puts debt-to-equity at 0.22, compared with 0.19 a year earlier.

AudioCodes Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for AudioCodes Ltd. (AUDC) - 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
Current Assets
Cash and Cash Equivalents	45.28	58.75	30.55	24.54	79.42	40.93	64.77	31.50	24.24
Short-Term Investments	27.59	3.64	7.65	22.59	0.89	85.27	1.42	19.60	7.09
Cash & Short-Term Investments	72.87	62.39	38.20	47.12	80.31	126.20	66.19	51.11	31.32
Accounts Receivable	67.36	56.02	51.13	56.42	58.15	34.52	33.13	28.16	26.75
Inventory	22.03	31.46	43.96	36.38	23.99	29.19	28.28	23.30	16.56
Other Current Assets	18.04	13.01	9.38	10.01	5.10	13.73	5.00	0.00	7.43
Total Current Assets	181.33	162.88	142.66	149.93	167.55	203.64	132.59	109.87	77.38
Non-Current Assets
Property, Plant & Equipment (Net)	59.33	59.86	47.61	17.48	20.85	30.02	34.08	3.87	3.84
Long-Term Investments	15.86	31.53	68.46	77.19	89.31	54.90	0.00	17.52	20.48
Goodwill	37.56	37.56	37.56	37.56	37.56	36.22	36.22	36.22	36.22
Intangible Assets	0.02	0.49	1.02	1.57	2.37	0.57	0.90	1.25	2.00
Other Non-Current Assets	29.96	33.76	40.21	40.11	22.82	20.69	20.06	3.09	24.35
Total Non-Current Assets	141.70	173.03	194.86	173.90	181.81	154.48	111.73	66.30	93.56
Total Assets	323.02	335.90	337.52	323.83	349.36	358.12	244.32	176.17	170.94
Current Liabilities
Accounts Payable	6.42	7.54	7.56	11.34	7.86	6.98	6.63	6.19	5.64
Short-Term Debt	6.64	5.95	7.88	8.17	8.14	10.38	11.05	2.49	2.52
Accrued Liabilities	12.24	6.84	8.36	38.32	38.35	-	-	-	-
Deferred Revenue	38.24	38.44	38.82	36.63	41.59	37.18	33.54	22.80	16.42
Other Current Liabilities	30.42	64.26	0.46	8.00	38.35	40.22	35.44	46.27	20.79
Total Current Liabilities	81.58	77.76	84.20	94.46	95.94	94.76	86.66	51.74	45.36
Non-Current Liabilities
Long-Term Debt	31.35	30.51	31.40	5.55	11.39	19.44	24.30	3.69	6.24
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	21.25	12.61
Other Non-Current Liabilities	20.52	19.43	17.14	34.06	22.90	34.07	31.06	26.19	26.96
Total Non-Current Liabilities	70.14	66.33	65.21	39.61	47.92	53.51	65.19	29.88	33.20
Total Liabilities	151.72	144.09	149.41	134.07	143.87	148.27	151.85	81.63	78.56
Stockholders' Equity
Common Stock	0.11	0.11	0.11	0.11	0.11	0.11	0.09	0.09	0.09
Retained Earnings	23.22	25.20	20.79	23.41	6.49	-16.39	-35.20	-32.46	-40.37
Accumulated Other Comprehensive Income	6.42	1.11	-3.91	-10.95	-0.22	1.77	0.00	-0.28	-0.04
Treasury Stock	280.93	250.33	236.00	217.74	179.65	-	-	-	-
Additional Paid-in Capital	422.48	415.72	407.12	177.20	199.12	224.37	127.58	127.19	132.70
Shares Outstanding	27.09	29.68	30.51	31.69	32.50	-	-	-	-
Total Stockholders' Equity	171.30	191.81	188.11	189.76	205.50	209.86	92.47	94.55	92.38
Total Liabilities & Equity	323.02	335.90	337.52	323.83	349.36	358.12	244.32	176.17	170.94

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

Frequently Asked Questions About AudioCodes Balance Sheet

How much debt does AudioCodes have?

AudioCodes had total debt of $37.98M as of Dec 31, 2025, against $72.87M in cash and short-term investments. Its debt-to-equity ratio was 0.22. Total debt was $36.46M a year earlier.

What are AudioCodes's total assets?

AudioCodes reported total assets of $323.02M as of Dec 31, 2025, down 3.8% from $335.90M a year earlier. Total liabilities were $151.72M.

What is AudioCodes's shareholders' equity?

AudioCodes's shareholders' equity was $171.30M as of Dec 31, 2025, or about $6.32 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition