Perion Network Ltd Financials

PERI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 35/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Perion Network Ltd has an operating margin of -0.6%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 15.4% the prior year.

Growth

Perion Network Ltd's revenue declined 32.9% year-over-year, from $743.2M to $498.3M. This contraction results in a growth score of 0/100.

Leverage

100

Perion Network Ltd carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.47, Perion Network Ltd holds $3.47 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Perion Network Ltd generated $6.9M in operating cash flow, capex of $6.9M consumed most of it, leaving $67K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Perion Network Ltd generates a 1.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100. This is down from 16.0% the prior year.

Piotroski F-Score Neutral

4/9

Perion Network Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.55x

For every $1 of reported earnings, Perion Network Ltd generates $0.55 in operating cash flow ($6.9M OCF vs $12.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Perion Network Ltd (PERI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$498.3M

YoY-32.9%

5Y CAGR+13.8%

10Y CAGR+2.5%

Perion Network Ltd generated $498.3M in revenue in fiscal year 2024. This represents a decrease of 32.9% from the prior year.

EBITDA

$13.4M

YoY-89.6%

5Y CAGR-13.5%

10Y CAGR-16.8%

Perion Network Ltd's EBITDA was $13.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 89.6% from the prior year.

Free Cash Flow

$67K

YoY-100.0%

5Y CAGR-72.6%

10Y CAGR-49.4%

Perion Network Ltd generated $67K in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 100.0% from the prior year.

Net Income

$12.6M

YoY-89.0%

5Y CAGR-0.4%

10Y CAGR-11.5%

Perion Network Ltd reported $12.6M in net income in fiscal year 2024. This represents a decrease of 89.0% from the prior year.

EPS (Diluted)

$0.25

YoY-89.1%

5Y CAGR-12.6%

10Y CAGR-8.1%

Perion Network Ltd earned $0.25 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 89.1% from the prior year.

Cash & Debt

$156.2M

YoY-16.7%

5Y CAGR+32.4%

10Y CAGR+4.4%

Perion Network Ltd held $156.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

45M

YoY-6.6%

5Y CAGR+11.3%

Perion Network Ltd had 45M shares outstanding in fiscal year 2024. This represents a decrease of 6.6% from the prior year.

Gross Margin

N/A

Operating Margin

-0.6%

YoY-16.0pp

5Y CAGR-7.5pp

10Y CAGR-16.8pp

Perion Network Ltd's operating margin was -0.6% in fiscal year 2024, reflecting core business profitability. This is down 16.0 percentage points from the prior year.

Net Margin

2.5%

YoY-12.9pp

5Y CAGR-2.4pp

10Y CAGR-8.5pp

Perion Network Ltd's net profit margin was 2.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 12.9 percentage points from the prior year.

Return on Equity

1.7%

YoY-14.3pp

5Y CAGR-6.1pp

10Y CAGR-15.7pp

Perion Network Ltd's ROE was 1.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 14.3 percentage points from the prior year.

R&D Spending

$36.7M

YoY+8.2%

5Y CAGR+10.2%

10Y CAGR-0.2%

Perion Network Ltd invested $36.7M in research and development in fiscal year 2024. This represents an increase of 8.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$6.9M

YoY+747.3%

5Y CAGR+41.6%

10Y CAGR-4.5%

Perion Network Ltd invested $6.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 747.3% from the prior year.

PERI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$498.3M-32.9%	$743.2M+16.1%	$640.3M+33.8%	$478.5M+45.9%	$328.1M+25.5%	$261.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$25.5M
Gross Profit	N/A	N/A	N/A	N/A	N/A	$235.9M
R&D Expenses	$36.7M+8.2%	$33.9M-2.1%	$34.6M-2.1%	$35.3M+14.5%	$30.9M+36.7%	$22.6M
SG&A Expenses	$38.7M+20.7%	$32.1M+15.6%	$27.7M+19.7%	$23.2M+46.5%	$15.8M+5.5%	$15.0M
Operating Income	-$3.0M-102.7%	$114.3M+6.4%	$107.4M+134.0%	$45.9M+274.6%	$12.3M-32.0%	$18.0M
Interest Expense	N/A	N/A	N/A	N/A	$1.0M-55.2%	$2.3M
Income Tax	$2.9M-85.9%	$20.3M+40.4%	$14.4M+118.5%	$6.6M+1183.4%	-$610K-137.1%	$1.6M
Net Income	$12.6M-89.0%	$115.0M+17.9%	$97.5M+151.8%	$38.7M+278.5%	$10.2M-20.7%	$12.9M
EPS (Diluted)	$0.25-89.1%	$2.30+13.3%	$2.03+99.0%	$1.02+183.3%	$0.36-26.5%	$0.49

Metric	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PERI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$915.5M-15.0%	$1.1B+23.8%	$870.2M+22.0%	$713.2M+98.8%	$358.7M+26.4%	$283.8M
Current Assets	$561.5M-22.7%	$726.6M+20.4%	$603.5M+35.3%	$446.2M+202.8%	$147.4M+28.0%	$115.1M
Cash & Equivalents	$156.2M-16.7%	$187.6M+6.5%	$176.2M+68.7%	$104.4M+119.2%	$47.7M+24.1%	$38.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$164.4M-29.0%	$231.5M+44.3%	$160.5M+39.1%	$115.4M+42.0%	$81.2M+65.4%	$49.1M
Goodwill	$247.1M-0.4%	$248.0M+26.8%	$195.5M+3.3%	$189.3M+24.3%	$152.3M+21.1%	$125.8M
Total Liabilities	$192.6M-46.4%	$359.1M+25.1%	$287.1M+16.6%	$246.3M+41.1%	$174.6M+47.2%	$118.6M
Current Liabilities	$161.8M-52.4%	$340.0M+44.9%	$234.6M+21.1%	$193.7M+61.3%	$120.1M+44.2%	$83.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$8.3M
Total Equity	$722.9M+0.7%	$718.1M+23.2%	$583.1M+24.9%	$467.0M+153.6%	$184.1M+11.5%	$165.2M
Retained Earnings	$196.6M+6.9%	$184.0M+159.9%	$70.8M+348.9%	-$28.4M+57.6%	-$67.1M+13.2%	-$77.4M

Metric	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Total Assets	$915.5M-15.0%	$1.1B+19.2%	$903.5M+3.8%	$870.2M+22.3%	$711.8M-0.2%	$713.2M+71.1%	$417.0M+16.2%	$358.7M
Current Assets	$561.5M-22.7%	$726.6M+12.8%	$644.3M+6.8%	$603.5M+33.5%	$452.1M+1.3%	$446.2M+106.1%	$216.4M+46.9%	$147.4M
Cash & Equivalents	$156.2M-16.7%	$187.6M+0.9%	$185.9M+5.5%	$176.2M+72.1%	$102.4M-2.0%	$104.4M+79.6%	$58.2M+22.0%	$47.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$164.4M-29.0%	$231.5M+64.5%	$140.7M-12.3%	$160.5M+86.1%	$86.3M-25.2%	$115.4M+70.5%	$67.6M-16.7%	$81.2M
Goodwill	$247.1M-0.4%	$248.0M+26.8%	$195.5M0.0%	$195.5M+3.3%	$189.3M0.0%	$189.3M+24.3%	$152.3M0.0%	$152.3M
Total Liabilities	$192.6M-46.4%	$359.1M+34.5%	$267.0M-7.0%	$287.1M+40.3%	$204.6M-16.9%	$246.3M+58.1%	$155.7M-10.8%	$174.6M
Current Liabilities	$161.8M-52.4%	$340.0M+35.6%	$250.7M+6.9%	$234.6M+41.7%	$165.5M-14.5%	$193.7M+46.8%	$131.9M+9.9%	$120.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$722.9M+0.7%	$718.1M+12.8%	$636.5M+9.2%	$583.1M+15.0%	$507.2M+8.6%	$467.0M+78.7%	$261.2M+41.9%	$184.1M
Retained Earnings	$196.6M+6.9%	$184.0M+58.7%	$116.0M+63.8%	$70.8M+984.5%	$6.5M+123.0%	-$28.4M+49.9%	-$56.8M+15.5%	-$67.1M

PERI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$6.9M-95.5%	$155.5M+27.3%	$122.1M+71.7%	$71.1M+220.9%	$22.2M-50.5%	$44.7M
Capital Expenditures	$6.9M+747.3%	$811K-23.3%	$1.1M+68.7%	$627K+36.6%	$459K-62.0%	$1.2M
Free Cash Flow	$67K-100.0%	$154.7M+27.7%	$121.1M+71.8%	$70.5M+224.8%	$21.7M-50.2%	$43.5M
Investing Cash Flow	$62.6M+146.9%	-$133.4M-184.8%	-$46.8M+80.8%	-$243.5M-2629.5%	-$8.9M+57.8%	-$21.2M
Financing Cash Flow	-$100.9M-832.4%	-$10.8M-232.2%	-$3.3M-101.4%	$229.1M+5759.8%	-$4.0M+83.7%	-$24.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PERI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	90.2%
Operating Margin	-0.6%-16.0pp	15.4%-1.4pp	16.8%+7.2pp	9.6%+5.9pp	3.7%-3.2pp	6.9%
Net Margin	2.5%-12.9pp	15.5%+0.2pp	15.2%+7.1pp	8.1%+5.0pp	3.1%-1.8pp	4.9%
Return on Equity	1.7%-14.3pp	16.0%-0.7pp	16.7%+8.4pp	8.3%+2.7pp	5.5%-2.3pp	7.8%
Return on Assets	1.4%-9.3pp	10.7%-0.5pp	11.2%+5.8pp	5.4%+2.6pp	2.9%-1.7pp	4.5%
Current Ratio	3.47+1.3	2.14-0.4	2.57+0.3	2.30+1.1	1.23-0.2	1.38
Debt-to-Equity	0.27-0.2	0.500.0	0.49-0.0	0.53-0.4	0.95+0.9	0.05
FCF Margin	0.0%-20.8pp	20.8%+1.9pp	18.9%+4.2pp	14.7%+8.1pp	6.6%-10.0pp	16.7%

Metric	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.47+1.3	2.14-0.4	2.570.0	2.57-0.2	2.73+0.4	2.30+0.7	1.64+0.4	1.23
Debt-to-Equity	0.27-0.2	0.50+0.1	0.42-0.1	0.49+0.1	0.40-0.1	0.53-0.1	0.60-0.4	0.95
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Perion Network Ltd's annual revenue?

Perion Network Ltd (PERI) reported $498.3M in total revenue for fiscal year 2024. This represents a -32.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Perion Network Ltd's revenue growing?

Perion Network Ltd (PERI) revenue declined by 32.9% year-over-year, from $743.2M to $498.3M in fiscal year 2024.

Is Perion Network Ltd profitable?

Yes, Perion Network Ltd (PERI) reported a net income of $12.6M in fiscal year 2024, with a net profit margin of 2.5%.

What is Perion Network Ltd's earnings per share (EPS)?

Perion Network Ltd (PERI) reported diluted earnings per share of $0.25 for fiscal year 2024. This represents a -89.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Perion Network Ltd's EBITDA?

Perion Network Ltd (PERI) had EBITDA of $13.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Perion Network Ltd's operating margin?

Perion Network Ltd (PERI) had an operating margin of -0.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Perion Network Ltd's net profit margin?

Perion Network Ltd (PERI) had a net profit margin of 2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Perion Network Ltd's return on equity (ROE)?

Perion Network Ltd (PERI) has a return on equity of 1.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Perion Network Ltd's free cash flow?

Perion Network Ltd (PERI) generated $67K in free cash flow during fiscal year 2024. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Perion Network Ltd's operating cash flow?

Perion Network Ltd (PERI) generated $6.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Perion Network Ltd's total assets?

Perion Network Ltd (PERI) had $915.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Perion Network Ltd's capital expenditures?

Perion Network Ltd (PERI) invested $6.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Perion Network Ltd spend on research and development?

Perion Network Ltd (PERI) invested $36.7M in research and development during fiscal year 2024.

How many shares does Perion Network Ltd have outstanding?

Perion Network Ltd (PERI) had 45M shares outstanding as of fiscal year 2024.

What is Perion Network Ltd's current ratio?

Perion Network Ltd (PERI) had a current ratio of 3.47 as of fiscal year 2024, which is generally considered healthy.

What is Perion Network Ltd's debt-to-equity ratio?

Perion Network Ltd (PERI) had a debt-to-equity ratio of 0.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Perion Network Ltd's return on assets (ROA)?

Perion Network Ltd (PERI) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Perion Network Ltd's Piotroski F-Score?

Perion Network Ltd (PERI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Perion Network Ltd's earnings high quality?

Perion Network Ltd (PERI) has an earnings quality ratio of 0.55x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Perion Network Ltd?

Perion Network Ltd (PERI) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.