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Perion Network Ltd

PERI Communication Services Internet Content & Information

Perion Network Ltd’s revenue for fiscal 2025 (year ended December 2025) was $439.9 million, down 11.7% from fiscal 2024. In the quarter to June 2026, revenue fell 4.60%, EPS fell 125.0% and free cash flow fell 88.4%, each against the same quarter a year earlier.

8.74 0.36 −3.96%
Market cap
$357.9M
P/E
0.0×
Fwd P/E
−303×
Dividend yield
—
F-score
4/9
Altman Z
2.17
Beneish M
−2.59
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 0.23
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — 3 1 — 3 — — 3
Insider Ownership 1.57%

Capital & Financial Ratios $m

Market Cap 357.91
Revenue 436.22
Net Income (12.87)
Free Cash Flow 35.46
Net Debt (269.02)
Current Ratio 2.53 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (303.00) (negative: loss-making)
P/S ratio 0.74
P/B ratio 0.52
Past 5Y EPS Growth —
This Y EPS Growth 10.62%
Next Y EPS Growth 13.20%
Next Y revenue growth 5.74%
Next 5Y EPS Growth 20.35% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.2×, against a ten-year median of 0.5×; over the ten years it ranged from 0.0× in 2024 to 2.1× in 2023.
P/S against its own 10 years 49.43%
10-year low 10-year high
P/B against its own 10 years 15.85%
10-year low 10-year high
EV/Sales against its own 10 years 10.12%
10-year low 10-year high
EV/FCF against its own 10 years 13.52%
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 474 374 314 269
Receivables 232 164 188 161
Inventory — — — —
Other — — — —
727 561 520 457
2023 2024 2025 Q'26
Payables 217 122 130 133
ST’ Debt 74 1 17 —
Other — 4 17 12
340 162 189 180

Compound Annual Growth %

10y 5y 3y
Sales 7.13% 6.04% (11.76%)
Cash Flow 9.09% 13.60% (29.98%)
Earnings 0.00% 0.00% 0.00%
Book Value 12.96% 29.71% 5.05%

Revenue $m

Mar Jun Sep Dec Year
’26 90 98 — — —
’25 89 103 110 137 440
’24 158 109 102 130 498
’23 145 178 185 234 743
’22 125 147 159 210 640
’21 90 110 121 158 478
’20 66 60 83 118 328
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 2 — — —
’25 (7) 21 6 22 42
’24 7 (21) 16 4 7
’23 18 47 40 50 155
’22 24 26 35 38 122
’21 13 15 14 29 71
’20 2 0 7 13 22
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 6 2 — — —
’25 (9) 20 5 21 38
’24 6 (21) 12 3 0
’23 18 47 40 50 155
’22 23 26 34 38 121
’21 13 14 14 29 71
’20 2 0 6 13 22
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.26) (0.18) — — —
’25 (0.19) (0.08) (0.10) 0.19 (0.19)
’24 0.24 (0.13) 0.04 0.11 0.25
’23 0.48 0.43 0.65 0.78 2.34
’22 0.33 0.41 0.53 0.79 2.06
’21 0.09 0.19 0.28 0.44 1.02
’20 0.05 (0.08) 0.08 0.30 0.36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.82 2.64 2.13 2.51 3.43 11.61 16.41 24.16 7.47 7.00

Analyst estimates 2026–2028

Powerpack
High 9.75 7.14 4.05 7.06 17.85 33.09 28.25 42.75 31.38 11.79
People
People Employees 535 464 363 399 417 420 440 561 528 561
Revenue/emp, $m 0.58 0.59 0.70 0.66 0.79 1.14 1.46 1.32 0.94 0.78
Income, $m
Income, $m Revenue 313 274 253 261 328 478 640 743 498 440
Gross margin, % 91.71 91.00 90.60 90.24 93.15 94.73 95.25 94.91 90.64 88.23
EBT 3 (82) 11 15 10 45 114 135 15 (5)
EBT margin, % 0.98 (29.78) 4.31 5.56 2.93 9.47 17.75 18.20 3.11 (1.13)
Net income 0 (73) 8 13 10 39 99 115 13 (8)
Depreciation 26 17 10 10 10 10 14 13 15 17
Per share, $
Per share, $ Revenue 12.26 10.60 9.78 10.07 12.29 13.91 14.27 15.77 10.54 10.45
Earnings 0.00 (2.82) 0.31 0.50 0.38 1.13 2.21 2.49 0.27 (0.19)
Cash flow 1.19 1.39 1.27 1.72 0.83 2.07 2.72 3.30 0.15 1.00
Capex (0.05) (0.06) (0.08) (0.03) (0.02) (0.02) (0.02) (0.02) (0.14) (0.09)
Free cash flow 1.14 1.33 1.19 1.70 0.81 2.05 2.70 3.28 0.00 0.91
Book value 8.16 5.35 5.76 6.36 6.90 13.58 13.00 15.24 15.29 16.06
Shares, m 26 26 26 26 27 34 45 47 47 42
Valuation, ×
Valuation, × P/E 147.00 0.00 8.60 12.44 33.50 21.86 11.41 12.18 31.37 0.00
P/S 0.36 0.29 0.27 0.62 1.04 1.73 1.76 1.92 0.80 0.92
P/B 0.54 0.58 0.45 0.98 1.85 1.77 1.93 1.99 0.55 0.60
EV/Sales 0.50 0.38 0.25 0.44 0.88 1.14 1.10 1.39 0.06 0.25
EV/FCF 5.43 3.00 2.04 2.62 13.29 7.72 5.79 6.67 260.11 2.85
Cash, $m
Cash, $m Operating cash flow 30 36 33 45 22 71 122 155 7 42
Capex (1) (2) (2) (1) 0 (1) (1) (1) (7) (4)
Free cash flow 29 34 31 44 22 71 121 155 0 38
Balance, $m
Balance, $m Working capital 27 33 27 32 27 252 369 387 400 331
Total debt 78 61 40 17 8 38 35 74 1 17
Net debt 45 23 (4) (46) (53) (285) (396) (400) (373) (297)
Shareholders’ equity 208 138 149 165 184 467 583 718 723 676
Returns, %
Returns, % ROA 0.05 (22.65) 3.06 4.77 3.18 7.22 12.53 11.81 1.27 (0.87)
ROIC 2.80 (29.27) 6.36 9.46 5.85 15.73 36.52 22.47 (0.54) (2.46)
ROE 0.10 (42.00) 5.66 8.21 5.85 11.89 18.90 17.67 1.75 (1.13)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Perion Network Ltd vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAX MediaAlpha, Inc. $715.6M 6.5× 8.8× +25.93% (above 0%: growing) n/m +63.67% (above 0%: growing) 14.26% 6.30% Compare
NRDS NerdWallet, Inc. $641.2M 11.0× 9.6× +5.56% (above 0%: growing) −36.36% (below 0%: shrinking) +186.26% (above 0%: growing) 93.21% 3.55% Compare
CARS Cars.com Inc. $547.6M 17.6× 10.3× +0.67% (above 0%: growing) +136.36% (above 0%: growing) +14.30% (above 0%: growing) 68.34% 15.49% Compare
MOMO Hello Group Inc. Sponsored ADR $493.5M 4.7× 6.5× +0.16% (above 0%: growing) n/m +193.28% (above 0%: growing) 35.67% 9.57% Compare
ZIP ZipRecruiter, Inc. $398.8M 12.6× — (loss-making) +5.19% (above 0%: growing) n/m +50.07% (above 0%: growing) 89.34% 3.50% Compare
PERI Perion Network Ltd $357.9M — (loss-making) — (loss-making) −4.60% (below 0%: shrinking) n/m −88.36% (below 0%: shrinking) 88.66% (8.19%)
FVRR Fiverr International $318.5M 10.3× 13.7× −10.00% (below 0%: shrinking) +33.33% (above 0%: growing) −45.50% (below 0%: shrinking) 81.74% 4.48% Compare
ANGI Angi Inc. $262.0M — (loss-making) 18.9× −10.86% (below 0%: shrinking) n/m −72.68% (below 0%: shrinking) 95.29% (94.25%) Compare
ZH Zhihu Inc. Sponsored ADR $208.4M — (loss-making) — (loss-making) +1.63% (above 0%: growing) n/m +68.08% (above 0%: growing) 57.01% (11.00%) Compare
Median of peers $446.1M 10.7× 9.9× +1.15% +33.33% +56.87% 75.04% 4.02%

All 77 Internet Content & Information stocks →

Perion Network Ltd (PERI) key facts

  • Concern: Perion Network Ltd’s revenue for fiscal 2025 (year ended December 2025) was $439.9 million, down 11.7% from fiscal 2024.
  • Perion Network Ltd (PERI) is an Internet Content & Information company in the Communication Services sector, listed on Nasdaq.
  • As of October 16, 2026, PERI traded at $8.74, a market capitalization of $357.9 million.
  • Return on equity was −1.13% and debt-to-equity 0.00.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.17 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/PERI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com