Ceragon Networks Ltd. (CRNT)

Ceragon Networks Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	394.34	394.19	347.18	295.17	290.77	262.88
Revenue Growth (YoY)	11.94%	13.54%	17.62%	1.52%	10.61%	-7.95%
Cost of Revenue	260.46	257.34	227.31	202.11	202.39	187.24
Gross Profit	133.88	136.85	119.87	93.06	88.38	75.65
Selling, General & Admin	59.58	58.97	64.54	70.12	54.36	52.51
Research & Development	34.35	34.95	32.27	29.69	29.47	31
Operating Expenses	93.94	93.93	96.81	99.81	83.83	83.51
Operating Income	39.95	42.93	23.06	-6.74	4.55	-7.87
Interest & Investment Income	3.12	0.14	0.09	0.11	0.16	0.08
Earnings From Equity Investments	-	-	-	-	-	-0.98
Currency Exchange Gain (Loss)	-3.52	-3.52	-0.75	-1.4	-3.88	-2.39
Other Non Operating Income (Expenses)	-5.48	-6.36	-7.53	-4.99	-4.65	-3.32
EBT Excluding Unusual Items	34.06	33.19	14.87	-13.02	-3.82	-14.47
Merger & Restructuring Charges	-7.11	-4.78	-2.13	-4.22	-	-
Legal Settlements	-1.16	-1.16	-	-	-	-
Pretax Income	25.8	27.25	12.74	-17.24	-3.82	-14.47
Income Tax Expense	3.12	3.19	6.52	2.45	11.01	2.62
Net Income	22.68	24.06	6.22	-19.69	-14.83	-17.09
Net Income to Common	22.68	24.06	6.22	-19.69	-14.83	-17.09
Net Income Growth	387.22%	286.87%	-	-	-	-
Shares Outstanding (Basic)	87	86	85	84	83	81
Shares Outstanding (Diluted)	89	88	85	84	83	81
Shares Change (YoY)	3.04%	3.48%	1.60%	0.86%	2.79%	1.06%
EPS (Basic)	0.26	0.28	0.07	-0.23	-0.18	-0.21
EPS (Diluted)	0.25	0.27	0.07	-0.23	-0.18	-0.21
EPS Growth	367.84%	285.71%	-	-	-	-
Free Cash Flow	7.62	11.62	20.93	-15.36	-24.4	11.17
Free Cash Flow Per Share	0.09	0.13	0.24	-0.18	-0.29	0.14
Gross Margin	33.95%	34.72%	34.53%	31.53%	30.39%	28.78%
Operating Margin	10.13%	10.89%	6.64%	-2.28%	1.56%	-2.99%
Profit Margin	5.75%	6.10%	1.79%	-6.67%	-5.10%	-6.50%
Free Cash Flow Margin	1.93%	2.95%	6.03%	-5.20%	-8.39%	4.25%
EBITDA	52.45	55.04	33.03	4.3	16.39	2.8
EBITDA Margin	13.30%	13.96%	9.51%	1.46%	5.64%	1.07%
D&A For EBITDA	12.51	12.11	9.97	11.04	11.85	10.67
EBIT	39.95	42.93	23.06	-6.74	4.55	-7.87
EBIT Margin	10.13%	10.89%	6.64%	-2.28%	1.56%	-2.99%
Effective Tax Rate	12.08%	11.71%	51.19%	-	-	-

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q