Balance Sheet Perion Network Ltd.

Equities

PERI

IL0010958192

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2025-12-08 pm EST			5-day change	1st Jan Change
10.17 ^USD	+1.90%		-0.49%	+20.07%

Dec. 08	Perion Network to Integrate its Perion One Platform with Amazon DSP	MT
Nov. 12	Perion Network Ltd. Reiterates Earning Guidance for the Full Year 2025	CI

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Published financial data: PERION NETWORK LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	328M	478M	640M	743M	498M
Total Revenues	328M	478M	640M	743M	498M
Cost of Goods Sold, Total	220M	313M	403M	471M	333M
Gross Profit	108M	165M	237M	272M	166M
Selling General & Admin Expenses, Total	54.9M	74.14M	83.64M	89.79M	107M
R&D Expenses	30.88M	35.35M	34.42M	33.07M	36.66M
Depreciation & Amortization - (IS)	9.92M	9.9M	13.84M	14.09M	16.43M
Other Operating Expenses, Total	95.71M	119M	132M	137M	160M
Operating Income	12.25M	45.9M	105M	135M	5.4M
Interest Expense, Total	-1.04M	-119K	-	-	-
Interest And Investment Income	287K	539K	4.99M	20.73M	18.99M
Net Interest Expenses	-758K	420K	4.99M	20.73M	18.99M
Currency Exchange Gains (Loss)	-1.54M	-528K	-264K	-567K	-1.08M
Other Non Operating Income (Expenses)	-343K	-473K	-227K	-357K	-650K
EBT, Excl. Unusual Items	9.62M	45.32M	110M	155M	22.66M
Restructuring Charges	-	-	-	-	-6.9M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	1.15M	1.26M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	3.82M	-18.69M	-1.54M
EBT, Incl. Unusual Items	9.62M	45.32M	114M	138M	15.48M
Income Tax Expense	-610K	6.61M	14.44M	20.28M	2.87M
Earnings From Continuing Operations	10.22M	38.71M	99.22M	117M	12.61M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	10.22M	38.71M	99.22M	117M	12.61M
Net Income - (IS)	10.22M	38.71M	99.22M	117M	12.61M
Net Income to Common Incl Extra Items	10.22M	38.71M	99.22M	117M	12.61M
Net Income to Common Excl. Extra Items	10.22M	38.71M	99.22M	117M	12.61M
Per Share Items
Net EPS - Basic	0.38	1.13	2.21	2.49	0.27
Basic EPS - Continuing Operations	0.38	1.13	2.21	2.49	0.27
Basic Weighted Average Shares Outstanding	26.69M	34.4M	44.87M	47.13M	47.28M
Net EPS - Diluted	0.36	1.02	2.06	2.34	0.25
Diluted EPS - Continuing Operations	0.36	1.02	2.06	2.34	0.25
Diluted Weighted Average Shares Outstanding	28.8M	37.83M	48.07M	50.07M	49.56M
Normalized Basic EPS	0.23	0.82	1.53	2.06	0.3
Normalized Diluted EPS	0.21	0.75	1.43	1.94	0.29
Supplemental Items
EBITDA	15.54M	48.81M	109M	139M	10.18M
EBITA	13.94M	47.18M	107M	138M	8.11M
EBIT	12.25M	45.9M	105M	135M	5.4M
EBITDAR	19.03M	53.25M	112M	141M	14.05M
Total Revenues (As Reported)	328M	478M	640M	743M	498M
Effective Tax Rate - (Ratio)	-6.34	14.58	12.7	14.73	18.52
Current Domestic Taxes	1.47M	7.45M	15.94M	21.11M	4.2M
Current Foreign Taxes	1.03M	444K	820K	517K	1.7M
Total Current Taxes	2.5M	7.89M	16.76M	21.62M	5.9M
Deferred Domestic Taxes	-984K	-980K	-860K	-1.59M	-2.39M
Deferred Foreign Taxes	-2.13M	-1.78M	-665K	860K	243K
Total Deferred Taxes	-3.11M	-2.76M	-1.52M	-734K	-2.15M
Normalized Net Income	6.01M	28.32M	68.66M	97.02M	14.16M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	1.75M	1.8M	2.81M	3.21M	2.58M
Supplemental Operating Expense Items
Selling and Marketing Expenses	39.08M	53.21M	56.01M	57.99M	68.5M
General and Administrative Expenses	15.82M	20.93M	27.63M	31.8M	38.7M
Research And Development Expense From Footnotes	37.52M	42.33M	44.31M	43.15M	48.31M
Net Rental Expense, Total	3.49M	4.44M	2.85M	1.99M	3.88M
Imputed Operating Lease Interest Expense	820K	192K	-	-	-
Imputed Operating Lease Depreciation	2.67M	4.25M	-	-	-
Stock-Based Comp., COGS (Total)	102K	171K	446K	919K	2.42M
Stock-Based Comp., R&D Exp. (Total)	887K	946K	2.13M	2.74M	5.8M
Stock-Based Comp., S&M Exp. (Total)	1.9M	3.25M	4.53M	7M	9.59M
Stock-Based Comp., G&A Exp. (Total)	1.56M	2.62M	4.47M	4.93M	9.4M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	4.45M	6.98M	11.57M	15.59M	27.21M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	47.66M	104M	176M	188M	156M
Short Term Investments	12.7M	217M	253M	285M	217M
Total Cash And Short Term Investments	60.36M	322M	430M	473M	373M
Accounts Receivable, Total	81.22M	115M	160M	232M	164M
Total Receivables	81.22M	115M	160M	232M	164M
Prepaid Expenses	4.56M	7.98M	12.02M	20.8M	22.52M
Restricted Cash	1.22M	1.09M	1.3M	1.34M	1.13M
Other Current Assets, Total	-	96K	25K	234K	114K
Total Current Assets	147M	446M	603M	727M	561M
Gross Property Plant And Equipment	50.86M	42.35M	39.72M	35.02M	54.8M
Accumulated Depreciation	-23.82M	-26.56M	-25.98M	-25.23M	-25.67M
Net Property Plant And Equipment	27.04M	15.79M	13.74M	9.79M	29.12M
Goodwill	152M	189M	196M	248M	247M
Other Intangibles, Total	24.38M	56.7M	51.66M	88.65M	68.92M
Deferred Tax Assets Long-Term	7.11M	5.23M	5.78M	4.18M	8.52M
Other Long-Term Assets, Total	496K	79K	49K	85K	416K
Total Assets	359M	713M	870M	1.08B	916M
Liabilities
Accounts Payable, Total	72.5M	108M	156M	217M	122M
Accrued Expenses, Total	20.4M	30.86M	36.73M	41.8M	31.69M
Current Portion of Long-Term Debt	8.33M	-	-	-	-
Current Portion of Leases	4.51M	3.62M	3.9M	4.2M	3.65M
Unearned Revenue Current, Total	5.71M	3.85M	2.38M	2.3M	2.05M
Other Current Liabilities	8.66M	47.65M	35.75M	74.55M	2.46M
Total Current Liabilities	120M	194M	235M	340M	162M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	17.7M	9.77M	7.58M	3.45M	18.65M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	36.75M	42.79M	44.9M	15.64M	12.08M
Total Liabilities	175M	246M	287M	359M	193M
Common Stock, Total	224K	375K	398K	413K	391K
Additional Paid In Capital	252M	496M	514M	531M	527M
Retained Earnings	-67.14M	-28.44M	70.79M	188M	197M
Treasury Stock	-1M	-1M	-1M	-1M	-1M
Comprehensive Income and Other	112K	-128K	-582K	-83K	-215K
Total Common Equity	184M	467M	583M	718M	723M
Total Equity	184M	467M	583M	718M	723M
Total Liabilities And Equity	359M	713M	870M	1.08B	916M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	33.85M	44.29M	46.52M	48.42M	45.04M
ECS Total Common Shares Outstanding	27.35M	43.7M	46.17M	47.99M	44.83M
Book Value / Share	6.73	10.69	12.63	14.96	16.13
Tangible Book Value	7.44M	221M	336M	382M	407M
Tangible Book Value Per Share	0.27	5.06	7.28	7.95	9.08
Total Debt	30.54M	13.39M	11.48M	7.65M	22.3M
Net Debt	-29.81M	-308M	-418M	-465M	-351M
Debt Equivalent Oper. Leases	27.94M	35.53M	22.77M	15.94M	31.03M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	9.46M	9.9M	8.72M	8.86M	9.53M
Full Time Employees	417	399	440	420	528
Accumulated Allowance for Doubtful Accounts (Supple)	694K	891K	2.13M	2.09M	2.54M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	10.22M	38.71M	99.22M	117M	12.61M
Depreciation & Amortization - CF	1.61M	1.63M	1.95M	1.64M	2.07M
Amortization of Goodwill and Intangible Assets - (CF)	1.68M	1.29M	2M	2.36M	2.71M
Depreciation & Amortization, Total	3.29M	2.92M	3.95M	4.01M	4.78M
Amortization of Deferred Charges, Total - (CF)	6.64M	6.98M	9.89M	10.08M	11.66M
(Gain) Loss From Sale Of Asset	10K	121K	-12K	-27K	-46K
Asset Writedown & Restructuring Costs	-	-	-	-	6.9M
Stock-Based Compensation (CF)	4.45M	6.98M	11.57M	15.59M	27.21M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1.42M	-2.26M	-12.06M	11.6M	-6.99M
Change In Accounts Receivable	-32.05M	-34.24M	-45.24M	-5.33M	66.06M
Change In Accounts Payable	24.74M	35.22M	48.19M	6.88M	-96.36M
Change in Unearned Revenues	1.51M	-1.85M	-1.47M	-1.09M	-248K
Change in Other Net Operating Assets	1.93M	18.53M	8.08M	-3.66M	-18.63M
Cash from Operations	22.16M	71.11M	122M	155M	6.94M
Capital Expenditure	-459K	-627K	-1.06M	-811K	-6.87M
Sale of Property, Plant, and Equipment	5K	95K	12K	27K	46K
Cash Acquisitions	-19M	-38.44M	-9.57M	-102M	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	10.53M	-204M	-36.2M	-30.65M	69.43M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-8.92M	-243M	-46.82M	-133M	62.6M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-8.33M	-8.33M	-	-	-
Total Debt Repaid	-8.33M	-8.33M	-	-	-
Issuance of Common Stock	4.29M	237M	5.83M	2.43M	547K
Repurchase of Common Stock	-	-	-	-	-46.92M
Other Financing Activities, Total	-	-	-9.09M	-13.26M	-54.54M
Cash from Financing	-4.05M	229M	-3.26M	-10.82M	-101M
Foreign Exchange Rate Adjustments	81K	-33K	-59K	141K	-214K
Net Change in Cash	9.27M	56.66M	71.99M	11.43M	-31.59M
Supplemental Items
Cash Interest Paid	1.1M	203K	5K	6K	13K
Cash Income Tax Paid (Refund)	3.18M	4.36M	7.69M	18.03M	13.1M
Levered Free Cash Flow	23.36M	90.17M	81.5M	139M	-71.7M
Unlevered Free Cash Flow	24.01M	90.24M	81.5M	139M	-71.7M
Change In Net Working Capital	-2.44M	-45.3M	8.69M	-25.04M	112M
Net Debt Issued / Repaid	-8.33M	-8.33M	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.38	5.35	8.32	8.69	0.34
Return on Total Capital	3.64	8.25	12.25	12.82	0.46
Return On Equity %	5.85	11.89	18.9	18.05	1.75
Return on Common Equity	5.85	11.89	18.9	18.05	1.75
Margin Analysis
Gross Profit Margin %	32.91	34.54	37.06	36.65	33.25
SG&A Margin	16.74	15.49	13.06	12.08	21.51
EBITDA Margin %	4.74	10.2	17.07	18.76	2.04
EBITA Margin %	4.25	9.86	16.77	18.54	1.63
EBIT Margin %	3.73	9.59	16.45	18.22	1.08
Income From Continuing Operations Margin %	3.12	8.09	15.5	15.8	2.53
Net Income Margin %	3.12	8.09	15.5	15.8	2.53
Net Avail. For Common Margin %	3.12	8.09	15.5	15.8	2.53
Normalized Net Income Margin	1.83	5.92	10.72	13.06	2.84
Levered Free Cash Flow Margin	7.12	18.84	12.73	18.64	-14.39
Unlevered Free Cash Flow Margin	7.32	18.86	12.73	18.64	-14.39
Asset Turnover
Asset Turnover	1.02	0.89	0.81	0.76	0.5
Fixed Assets Turnover	10.87	22.35	43.36	63.17	25.61
Receivables Turnover (Average Receivables)	5.03	4.87	4.64	3.79	2.52
Short Term Liquidity
Current Ratio	1.23	2.3	2.57	2.14	3.47
Quick Ratio	1.18	2.26	2.52	2.07	3.32
Operating Cash Flow to Current Liabilities	0.18	0.37	0.52	0.46	0.04
Days Sales Outstanding (Average Receivables)	72.69	74.98	78.63	96.27	145.4
Average Days Payable Outstanding	99.92	105.01	119.36	144.61	186.62
Long Term Solvency
Total Debt/Equity	16.59	2.87	1.97	1.06	3.08
Total Debt / Total Capital	14.23	2.79	1.93	1.05	2.99
LT Debt/Equity	9.61	2.09	1.3	0.48	2.58
Long-Term Debt / Total Capital	8.24	2.03	1.27	0.48	2.5
Total Liabilities / Total Assets	48.67	34.53	32.99	33.34	21.04
EBIT / Interest Expense	11.73	385.68	-	-	-
EBITDA / Interest Expense	18.21	447.5	-	-	-
(EBITDA - Capex) / Interest Expense	17.78	442.24	-	-	-
Total Debt / EBITDA	1.6	0.25	0.1	0.05	1.59
Net Debt / EBITDA	-1.57	-5.79	-3.73	-3.29	-24.98
Total Debt / (EBITDA - Capex)	1.64	0.25	0.1	0.05	3.11
Net Debt / (EBITDA - Capex)	-1.6	-5.86	-3.76	-3.31	-48.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	25.48	45.86	33.81	16.07	-32.95
Gross Profit, 1 Yr. Growth %	7.92	53.1	43.54	14.81	-39.17
EBITDA, 1 Yr. Growth %	-33.76	214.09	123.92	27.58	-92.57
EBITA, 1 Yr. Growth %	-35.53	238.59	127.51	28.37	-94.01
EBIT, 1 Yr. Growth %	-31.96	274.57	129.53	28.56	-95.94
Earnings From Cont. Operations, 1 Yr. Growth %	-20.69	278.54	156.36	18.33	-89.03
Net Income, 1 Yr. Growth %	-20.69	278.54	156.36	18.33	-89.03
Normalized Net Income, 1 Yr. Growth %	-33.86	371.29	142.41	41.32	-85.17
Diluted EPS Before Extra, 1 Yr. Growth %	-26.53	183.33	101.96	13.59	-89.13
Accounts Receivable, 1 Yr. Growth %	65.43	42.03	39.12	44.27	-29.02
Net Property, Plant and Equip., 1 Yr. Growth %	-18.93	-41.6	-12.97	-28.77	197.56
Total Assets, 1 Yr. Growth %	26.4	98.85	22.01	23.79	-15.01
Tangible Book Value, 1 Yr. Growth %	-79.74	2.87K	52.01	13.57	6.66
Common Equity, 1 Yr. Growth %	11.47	153.61	24.88	23.15	0.67
Cash From Operations, 1 Yr. Growth %	-50.47	220.89	71.74	27.3	-95.54
Capital Expenditures, 1 Yr. Growth %	-62.03	36.6	68.74	-23.35	747.35
Levered Free Cash Flow, 1 Yr. Growth %	-39.15	286.08	-9.61	70.01	-151.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.38	275.89	-9.69	70.01	-151.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.91	35.28	39.7	24.62	-11.78
Gross Profit, 2 Yr. CAGR %	3.52	28.54	48.24	28.37	-16.43
EBITDA, 2 Yr. CAGR %	-18.69	42.28	165.2	63.51	-70.57
EBITA, 2 Yr. CAGR %	-8.83	61.87	177.55	77.68	-72.02
EBIT, 2 Yr. CAGR %	-14.51	59.64	193.22	76.15	-77.17
Earnings From Cont. Operations, 2 Yr. CAGR %	12.21	73.27	211.51	74.17	-64.03
Net Income, 2 Yr. CAGR %	12.21	73.27	211.51	74.17	-64.03
Normalized Net Income, 2 Yr. CAGR %	-13.91	76.55	238	89.85	-54.22
Diluted EPS Before Extra, 2 Yr. CAGR %	7.76	44.28	139.21	51.46	-64.91
Accounts Receivable, 2 Yr. CAGR %	20.91	53.28	40.57	41.67	1.2
Net Property, Plant and Equip., 2 Yr. CAGR %	31.44	-31.19	-28.71	-21.26	45.59
Total Assets, 2 Yr. CAGR %	18.26	58.54	55.76	22.9	2.57
Tangible Book Value, 2 Yr. CAGR %	-34.28	145.26	571.83	31.39	10.06
Common Equity, 2 Yr. CAGR %	11.24	68.14	77.96	24.01	11.34
Cash From Operations, 2 Yr. CAGR %	-17.81	26.07	134.76	47.86	-76.16
Capital Expenditures, 2 Yr. CAGR %	-52.54	-27.99	51.82	13.73	154.86
Levered Free Cash Flow, 2 Yr. CAGR %	-2.92	53.27	86.81	24.94	-6.58
Unlevered Free Cash Flow, 2 Yr. CAGR %	-8.69	50.95	84.25	24.89	-6.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.19	23.69	34.79	31.33	1.36
Gross Profit, 3 Yr. CAGR %	-3.04	17.94	33.36	36.14	0.08
EBITDA, 3 Yr. CAGR %	-15.5	27.58	65.5	107.8	-42
EBITA, 3 Yr. CAGR %	-15.42	41.18	81.32	114.64	-42.94
EBIT, 3 Yr. CAGR %	6.98	39.89	80.18	122.76	-50.18
Earnings From Cont. Operations, 3 Yr. CAGR %	-48.01	68.29	97.43	125.61	-31.18
Net Income, 3 Yr. CAGR %	-48.01	68.29	97.43	125.61	-31.18
Normalized Net Income, 3 Yr. CAGR %	32.54	51.73	96.23	152.75	-19.27
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.62	48.73	61.4	86.63	-37.42
Accounts Receivable, 3 Yr. CAGR %	8.93	27.58	48.41	41.79	12.52
Net Property, Plant and Equip., 3 Yr. CAGR %	15.66	0.3	-25.59	-28.73	22.64
Total Assets, 3 Yr. CAGR %	9.39	40.63	45.28	44.28	8.68
Tangible Book Value, 3 Yr. CAGR %	55.7	134.06	109.11	271.47	22.57
Common Equity, 3 Yr. CAGR %	10	46.41	52.27	57.41	15.68
Cash From Operations, 3 Yr. CAGR %	-14.95	29.42	39.75	91.44	-53.96
Capital Expenditures, 3 Yr. CAGR %	-34.13	-32.49	-4.35	20.89	122.13
Levered Free Cash Flow, 3 Yr. CAGR %	6.51	53.81	28.53	81.03	-6.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.83	46.34	27.2	79.37	-6.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.23	8.87	18.5	24.06	13.77
Gross Profit, 5 Yr. CAGR %	-2.4	2.42	14.91	22.01	10.62
EBITDA, 5 Yr. CAGR %	-21.21	5.11	33.52	42.77	-15.85
EBITA, 5 Yr. CAGR %	-18.92	31.33	36.05	52.39	-14.75
EBIT, 5 Yr. CAGR %	-20.98	30.61	60.12	51.87	-21.41
Earnings From Cont. Operations, 5 Yr. CAGR %	-24.49	68.52	6.4	70.62	-0.44
Net Income, 5 Yr. CAGR %	-31.67	186.36	6.4	70.62	-0.44
Normalized Net Income, 5 Yr. CAGR %	-23.96	54.84	92.74	64.29	9.28
Diluted EPS Before Extra, 5 Yr. CAGR %	-27.14	56.11	-6.05	49.82	-12.59
Accounts Receivable, 5 Yr. CAGR %	4.03	10.09	20.63	33.04	27.33
Net Property, Plant and Equip., 5 Yr. CAGR %	16.29	2.14	-4.7	-8.96	-2.67
Total Assets, 5 Yr. CAGR %	-4.1	14.12	26	33.25	26.4
Tangible Book Value, 5 Yr. CAGR %	-36.11	52.71	179.43	85.79	61.76
Common Equity, 5 Yr. CAGR %	-1.62	17.54	33.34	37	34.35
Cash From Operations, 5 Yr. CAGR %	4.75	18.48	27.66	36.5	-31.12
Capital Expenditures, 5 Yr. CAGR %	-25.71	-16.05	-8.01	-16.83	41.56
Levered Free Cash Flow, 5 Yr. CAGR %	15	35.27	33.35	41.09	13.31
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.67	31.62	31.36	36.92	12.6