Saturday 17 October 2026 Export CRNT’s income statement to Excel — free account

Ceragon Networks Ltd.

Ceragon Networks Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $338.7 million, down 14.1% from fiscal 2024. In the quarter to June 2026, revenue grew 14.2%, EPS fell 40.9%, free cash flow fell 65.8% and total debt fell 41.4%, each against the same quarter a year earlier.

2.04 0.02 +0.99%

Follow CRNT

Alert me

Market cap: $183.6M
P/E: 0.0×
Fwd P/E: 29.6×
Dividend yield: —
F-score: 4/9
Altman Z: 1.21
Beneish M: −3.16
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	1	—	—	—	—

Insider Ownership 11.62%

Capital & Financial Ratios $m

Market Cap 183.60

Revenue 346.73

Net Income (3.28)

Free Cash Flow 18.00

Net Debt (22.77)

Current Ratio 1.85

Debt/Equity 0.07

P/E ratio 0.00

Fwd P/E 29.60

P/S ratio 0.54

P/B ratio 1.08

Past 5Y EPS Growth —

This Y EPS Growth 15.56%

Next Y EPS Growth 71.15%

Next Y revenue growth 9.08%

Next 5Y EPS Growth 34.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 25.91%

10-year low 10-year high

P/B against its own 10 years 10.58%

10-year low 10-year high

EV/Sales against its own 10 years 13.49%

10-year low 10-year high

EV/FCF against its own 10 years 35.88%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	28	35	38	35
Receivables	121	166	125	126
Inventory	69	60	62	59
Other	—	—	—	—
	218	261	225	220

	2023	2024	2025	Q'26
Payables	67	91	71	74
ST’ Debt	33	25	19	12
Other	—	—	—	—
	133	151	120	119

Compound Annual Growth %

	10y	5y	3y
Sales	(0.31%)	5.20%	4.69%
Cash Flow	6.95%	12.85%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	5.33%	3.40%	12.98%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	85	94	—	—	—
’25	89	82	85	82	339
’24	88	96	103	107	394
’23	83	86	87	90	347
’22	70	71	79	76	295
’21	68	69	76	78	291
’20	56	62	71	74	263

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	7	5	—	—	—
’25	3	11	7	11	32
’24	7	5	14	1	26
’23	4	3	13	11	31
’22	(2)	(3)	9	(9)	(5)
’21	(2)	(3)	(1)	(10)	(15)
’20	3	7	(3)	11	17

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4	2	—	—	—
’25	(1)	5	1	7	14
’24	3	0	11	(3)	10
’23	(1)	0	11	8	18
’22	(5)	(6)	4	(11)	(17)
’21	(4)	(5)	(3)	(13)	(24)
’20	2	4	(4)	9	11

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.01)	(0.02)	—	—	—
’25	(0.01)	(0.01)	0.00	0.00	(0.02)
’24	0.00	0.09	0.14	0.04	0.27
’23	0.02	0.02	0.04	(0.01)	0.07
’22	(0.03)	(0.02)	(0.01)	(0.18)	(0.23)
’21	(0.01)	(0.02)	0.00	(0.15)	(0.18)
’20	(0.09)	(0.07)	0.02	(0.08)	(0.21)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.89	1.64	1.95	1.67	0.99	2.44	1.53	1.55	2.07	1.82	Analyst estimates 2026–2028 Powerpack
	High	2.94	4.23	4.95	5.04	3.24	6.90	2.87	2.38	5.00	5.73
People
People	Employees	903	905	1,115	1,199	1,168	1,345	1,408	1,407	1,056	1,741
	Revenue/emp, $m	0.33	0.37	0.31	0.24	0.23	0.22	0.21	0.25	0.37	0.19
Income, $m
Income, $m	Revenue	294	332	344	286	263	291	295	347	394	339
	Gross margin, %	33.77	32.33	33.78	33.91	28.78	30.39	31.53	34.53	34.72	33.82
	EBT	13	17	20	1	(13)	(4)	(17)	13	27	1
	EBT margin, %	4.49	5.20	5.76	0.27	(5.13)	(1.31)	(5.84)	3.67	6.91	0.21
	Net income	11	16	23	(2)	(17)	(15)	(20)	6	24	(2)
	Depreciation	10	9	8	10	13	12	11	10	12	14
Per share, $
Per share, $	Revenue	3.78	4.26	4.38	3.56	3.24	3.49	3.51	4.10	4.57	3.77
	Earnings	0.15	0.20	0.29	(0.03)	(0.21)	(0.18)	(0.23)	0.07	0.28	(0.02)
	Cash flow	0.33	0.22	0.29	(0.16)	0.21	(0.18)	(0.06)	0.37	0.30	0.35
	Capex	(0.11)	(0.13)	(0.17)	(0.19)	(0.08)	(0.11)	(0.15)	(0.15)	(0.19)	(0.19)
	Free cash flow	0.23	0.09	0.11	(0.35)	0.13	(0.29)	(0.21)	0.21	0.11	0.16
	Book value	1.50	1.72	2.03	2.00	1.80	1.64	1.42	1.58	1.93	1.92
	Shares, m	78	78	79	80	81	83	84	85	86	90
Valuation, ×
Valuation, ×	P/E	20.34	10.77	12.60	0.00	0.00	0.00	0.00	32.12	17.00	0.00
	P/S	0.78	0.48	0.86	0.59	0.86	0.74	0.56	0.51	1.02	0.56
	P/B	1.97	1.18	1.86	1.05	1.54	1.57	1.39	1.33	2.42	1.09
	EV/Sales	0.72	0.48	0.83	0.57	0.79	0.74	0.62	0.53	1.00	0.51
	EV/FCF	12.06	18.35	32.67	(5.80)	19.20	(8.76)	(10.58)	10.28	40.53	14.42
Cash, $m
Cash, $m	Operating cash flow	26	17	22	(13)	17	(15)	(5)	31	26	32
	Capex	(8)	(10)	(14)	(15)	(6)	(9)	(12)	(13)	(16)	(17)
	Free cash flow	18	7	9	(28)	11	(24)	(17)	18	10	14
Balance, $m
Balance, $m	Working capital	96	105	115	111	99	88	78	85	110	105
	Total debt	17	—	—	15	6	15	38	33	25	19
	Net debt	(19)	(26)	(36)	(9)	(21)	(2)	15	4	(10)	(19)
	Shareholders’ equity	116	134	160	160	146	137	120	134	166	173
Returns, %
Returns, %	ROA	4.47	6.25	8.59	(0.82)	(6.08)	(5.25)	(6.77)	2.12	7.48	(0.63)
	ROIC	12.58	13.39	13.23	3.02	(3.79)	2.23	(5.09)	9.58	15.49	2.95
	ROE	10.44	12.44	15.71	(1.47)	(11.15)	(10.47)	(15.33)	4.90	16.02	(1.23)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CLFD Clearfield, Inc.	$407.4M	— (loss-making)	76.5×	+13.18% (above 0%: growing)	+100.00% (above 0%: growing)	−6.00% (below 0%: shrinking)	31.79%	5.86%	Compare
LTRX Lantronix, Inc.	$274.2M	— (loss-making)	179×	+8.03% (above 0%: growing)	n/m	+89.00% (above 0%: growing)	43.67%	(1.26%)	Compare
AUDC AudioCodes Ltd.	$270.5M	43.1×	26.7×	+3.08% (above 0%: growing)	+100.00% (above 0%: growing)	−15.07% (below 0%: shrinking)	65.70%	5.08%	Compare
BKTI BK TECHNOLOGIES, INC.	$251.4M	17.9×	26.1×	+10.63% (above 0%: growing)	−18.45% (below 0%: shrinking)	−85.95% (below 0%: shrinking)	51.86%	16.35%	Compare
SILC Silicom Ltd	$250.5M	— (loss-making)	— (loss-making)	+58.51% (above 0%: growing)	n/m	−29.51% (below 0%: shrinking)	30.11%	(8.37%)	Compare
AVNW Aviat Networks, Inc.	$250.0M	99.7×	9.6×	+4.81% (above 0%: growing)	n/m	−56.30% (below 0%: shrinking)	30.81%	4.82%	Compare
CRNT Ceragon Networks Ltd.	$183.6M	— (loss-making)	29.6×	+14.16% (above 0%: growing)	n/m	−65.76% (below 0%: shrinking)	31.65%	0.25%
OCC Optical Cable Corporation	$125.6M	44.5×	— (loss-making)	+21.99% (above 0%: growing)	+425.00% (above 0%: growing)	+156.41% (above 0%: growing)	37.43%	8.69%	Compare
AMPG AmpliTech Group, Inc.	$77.3M	— (loss-making)	21.6×	−26.81% (below 0%: shrinking)	n/m	−3.69% (below 0%: shrinking)	27.93%	(39.60%)	Compare
Median of peers	$250.9M	43.8×	26.4×	+9.33%	+100.00%	−10.53%	34.61%	4.95%

All 47 Communication Equipment stocks →

Ceragon Networks Ltd. (CRNT) key facts

Concern: Ceragon Networks Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $338.7 million, down 14.1% from fiscal 2024.
Ceragon Networks Ltd. (CRNT) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, CRNT traded at $2.04, a market capitalization of $183.6 million.
Return on equity was −1.23% and debt-to-equity 0.07.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.21 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.