What is Radcom's earnings per share (EPS)?

Radcom (RDCM) reported diluted earnings per share of $0.71 for fiscal year 2025. This represents a 65.1% 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.

Radcom Financials

RDCM

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Radcom (RDCM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI RDCM FY2025 2026-04-22

RADCOM’s dominant mechanic is operating leverage: a high-gross-margin, capital-light model is now turning growth into cash earnings.

Between FY2023 and FY2025, revenue climbed to $71.5M while R&D stayed near $20M, revealing a mostly fixed cost base rather than one that scales dollar-for-dollar with sales. That shift shows up in cash conversion: operating margin reached 11.6% and free-cash-flow margin 19.9% in FY2025.

The balance sheet looks self-funded: cash of $30.5M nearly matches total liabilities of $30.9M, with no long-term debt reported. That means the recent profit improvement is not being manufactured by leverage, and working-capital pressure looks limited with a current ratio of 5.8x.

Capital-light reinvestment is a big part of the model: capex was only $384K against operating cash flow of $14.6M, so upkeep is barely consuming internally generated cash. Tiny inventory and gross margin of 76.0% suggest the business relies far more on know-how and delivery capacity than on physical product economics.

Financial Health Signals

Financial Health Score 68/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Radcom's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Radcom has an operating margin of 11.6%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is up from 5.1% the prior year.

Growth

Radcom's revenue surged 17.2% year-over-year to $71.5M, reflecting rapid business expansion. This strong growth earns a score of 79/100.

Leverage

Radcom 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 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 5.75, Radcom holds $5.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Cash Flow

Radcom converts 19.9% of revenue into free cash flow ($14.2M). This strong cash generation earns a score of 83/100.

Returns

Radcom's ROE of 10.5% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 7.3% the prior year.

Altman Z-Score Safe

5.70

Radcom scores 5.70, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($236.7M) relative to total liabilities ($30.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Radcom passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, Radcom generates $1.22 in operating cash flow ($14.6M OCF vs $12.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$71.5M

YoY+17.2%

5Y CAGR+13.7%

10Y CAGR+14.4%

Radcom generated $71.5M in revenue in fiscal year 2025. This represents an increase of 17.2% from the prior year.

EBITDA

$9.0M

YoY+138.9%

Radcom's EBITDA was $9.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 138.9% from the prior year.

Net Income

$12.0M

YoY+72.1%

Radcom reported $12.0M in net income in fiscal year 2025. This represents an increase of 72.1% from the prior year.

EPS (Diluted)

$0.71

YoY+65.1%

Radcom earned $0.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 65.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$14.2M

YoY+29.8%

10Y CAGR+23.1%

Radcom generated $14.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 29.8% from the prior year.

Cash & Debt

$30.5M

YoY+58.4%

5Y CAGR+17.6%

10Y CAGR+13.3%

Radcom held $30.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+4.3%

5Y CAGR+3.6%

10Y CAGR+6.7%

Radcom had 17M shares outstanding in fiscal year 2025. This represents an increase of 4.3% from the prior year.

Margins & Returns

Gross Margin

75.9%

YoY+1.8pp

5Y CAGR+4.6pp

10Y CAGR-0.9pp

Radcom's gross margin was 75.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin

11.6%

YoY+6.6pp

5Y CAGR+23.8pp

10Y CAGR+13.6pp

Radcom's operating margin was 11.6% in fiscal year 2025, reflecting core business profitability. This is up 6.6 percentage points from the prior year.

Net Margin

16.8%

YoY+5.3pp

5Y CAGR+27.4pp

10Y CAGR+21.7pp

Radcom's net profit margin was 16.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.

Return on Equity

10.5%

YoY+3.2pp

5Y CAGR+16.1pp

10Y CAGR+19.9pp

Radcom's ROE was 10.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$20.2M

YoY+8.5%

5Y CAGR+1.1%

10Y CAGR+12.8%

Radcom invested $20.2M in research and development in fiscal year 2025. This represents an increase of 8.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$384K

YoY-10.1%

5Y CAGR-2.1%

10Y CAGR+14.8%

Radcom invested $384K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 10.1% from the prior year.

RDCM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$71.5M+17.2%	$61.0M+18.2%	$51.6M+12.0%	$46.1M+14.3%	$40.3M+7.2%	$37.6M
Cost of Revenue	$17.2M+9.2%	$15.7M+14.3%	$13.8M+8.3%	$12.7M+11.3%	$11.4M+6.2%	$10.8M
Gross Profit	$54.3M+20.0%	$45.3M+19.7%	$37.8M+13.5%	$33.3M+15.5%	$28.9M+7.7%	$26.8M
R&D Expenses	$20.2M+8.5%	$18.7M-4.7%	$19.6M-8.9%	$21.5M+5.6%	$20.3M+6.0%	$19.2M
SG&A Expenses	$6.4M+0.5%	$6.4M+26.7%	$5.1M+13.4%	$4.5M+6.6%	$4.2M+9.1%	$3.8M
Operating Income	$8.3M+169.0%	$3.1M+566.3%	-$662K+83.9%	-$4.1M+25.1%	-$5.5M-19.9%	-$4.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$595K+154.3%	$234K+28.6%	$182K+14.5%	$159K+28.2%	$124K-43.6%	$220K
Net Income	$12.0M+72.1%	$7.0M+87.7%	$3.7M+264.5%	-$2.3M+57.1%	-$5.3M-31.8%	-$4.0M
EPS (Diluted)	$0.71+65.1%	$0.43+79.2%	$0.24+250.0%	$-0.16+56.8%	$-0.37-27.6%	$-0.29

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q2'19
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

RDCM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$145.0M+11.0%	$130.6M+21.4%	$107.5M+6.5%	$101.0M+10.2%	$91.7M-2.1%	$93.6M
Current Assets	$132.5M+13.1%	$117.2M+20.3%	$97.4M+11.4%	$87.5M+4.7%	$83.5M+0.1%	$83.4M
Cash & Equivalents	$30.5M+58.4%	$19.2M+76.7%	$10.9M+14.3%	$9.5M-20.3%	$11.9M-11.8%	$13.5M
Inventory	$318K-80.9%	$1.7M+577.6%	$246K-69.1%	$795K-14.6%	$931K+72.4%	$540K
Accounts Receivable	$20.2M+6.3%	$19.0M+41.9%	$13.4M+21.1%	$11.1M+10.4%	$10.0M-19.4%	$12.4M
Goodwill	$1.2M0.0%	$1.2M0.0%	$1.2M	N/A	N/A	N/A
Total Liabilities	$30.9M-11.5%	$34.9M+39.4%	$25.0M-11.3%	$28.2M+31.2%	$21.5M-0.5%	$21.6M
Current Liabilities	$23.0M-17.5%	$27.9M+38.8%	$20.1M-11.8%	$22.8M+40.3%	$16.2M+9.0%	$14.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$114.1M+19.3%	$95.7M+16.0%	$82.5M+13.3%	$72.8M+3.7%	$70.2M-2.6%	$72.0M
Retained Earnings	-$51.0M+19.1%	-$62.9M+10.0%	-$69.9M+5.0%	-$73.6M-3.2%	-$71.4M-8.0%	-$66.1M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q2'19
Total Assets	$145.0M+11.0%	$130.6M+21.4%	$107.5M+6.5%	$101.0M+10.2%	$91.7M-2.1%	$93.6M-2.9%	$96.4M+0.1%	$96.3M
Current Assets	$132.5M+13.1%	$117.2M+20.3%	$97.4M+11.4%	$87.5M+4.7%	$83.5M+0.1%	$83.4M+0.2%	$83.2M+0.4%	$82.8M
Cash & Equivalents	$30.5M+58.4%	$19.2M+76.7%	$10.9M+14.3%	$9.5M-20.3%	$11.9M-11.8%	$13.5M+118.5%	$6.2M-44.9%	$11.3M
Inventory	$318K-80.9%	$1.7M+577.6%	$246K-69.1%	$795K-14.6%	$931K+72.4%	$540K-60.2%	$1.4M+93.2%	$702K
Accounts Receivable	$20.2M+6.3%	$19.0M+41.9%	$13.4M+21.1%	$11.1M+10.4%	$10.0M-19.4%	$12.4M+12.7%	$11.0M-49.7%	$22.0M
Goodwill	$1.2M0.0%	$1.2M0.0%	$1.2M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$30.9M-11.5%	$34.9M+39.4%	$25.0M-11.3%	$28.2M+31.2%	$21.5M-0.5%	$21.6M-4.0%	$22.5M+7.4%	$21.0M
Current Liabilities	$23.0M-17.5%	$27.9M+38.8%	$20.1M-11.8%	$22.8M+40.3%	$16.2M+9.0%	$14.9M+17.1%	$12.7M+19.9%	$10.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$114.1M+19.3%	$95.7M+16.0%	$82.5M+13.3%	$72.8M+3.7%	$70.2M-2.6%	$72.0M-2.5%	$73.9M-2.0%	$75.4M
Retained Earnings	-$51.0M+19.1%	-$62.9M+10.0%	-$69.9M+5.0%	-$73.6M-3.2%	-$71.4M-8.0%	-$66.1M-6.4%	-$62.1M-4.6%	-$59.4M

RDCM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$14.6M+28.3%	$11.4M+142.0%	$4.7M-21.8%	$6.0M+200.6%	$2.0M+4104.0%	-$50K
Capital Expenditures	$384K-10.1%	$427K+84.1%	$232K+54.7%	$150K-65.7%	$437K+2.3%	$427K
Free Cash Flow	$14.2M+29.8%	$11.0M+145.0%	$4.5M-23.8%	$5.9M+275.0%	$1.6M+428.1%	-$477K
Investing Cash Flow	-$4.0M-46.5%	-$2.7M+23.8%	-$3.6M+57.4%	-$8.4M-140.8%	-$3.5M-146.1%	$7.6M
Financing Cash Flow	$335K	N/A	N/A	-$8.4M-140.8%	-$3.5M-146.1%	$7.6M
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	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q2'19
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

RDCM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	75.9%+1.8pp	74.2%+0.9pp	73.3%+0.9pp	72.4%+0.7pp	71.6%+0.3pp	71.4%
Operating Margin	11.6%+6.6pp	5.1%+6.3pp	-1.3%+7.6pp	-8.9%+4.7pp	-13.6%-1.4pp	-12.2%
Net Margin	16.8%+5.3pp	11.4%+4.2pp	7.2%+12.1pp	-4.9%+8.2pp	-13.1%-2.4pp	-10.6%
Return on Equity	10.5%+3.2pp	7.3%+2.8pp	4.5%+7.6pp	-3.1%+4.4pp	-7.5%-2.0pp	-5.5%
Return on Assets	8.3%+2.9pp	5.3%+1.9pp	3.5%+5.7pp	-2.2%+3.5pp	-5.7%-1.5pp	-4.3%
Current Ratio	5.75+1.6	4.20-0.6	4.84+1.0	3.84-1.3	5.14-0.5	5.59
Debt-to-Equity	0.27-0.1	0.36+0.1	0.30-0.1	0.39+0.1	0.310.0	0.30
FCF Margin	19.9%+1.9pp	18.0%+9.3pp	8.7%-4.1pp	12.7%+8.9pp	3.9%+5.2pp	-1.3%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q2'19
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	5.75+1.6	4.20-0.6	4.84+1.0	3.84-1.3	5.14-0.5	5.59-0.9	6.54-1.3	7.80
Debt-to-Equity	0.27-0.1	0.36+0.1	0.30-0.1	0.39+0.1	0.310.0	0.300.0	0.30+0.0	0.28
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 Radcom's annual revenue?

Radcom (RDCM) reported $71.5M in total revenue for fiscal year 2025. This represents a 17.2% 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 Radcom's revenue growing?

Radcom (RDCM) revenue grew by 17.2% year-over-year, from $61.0M to $71.5M in fiscal year 2025.

Is Radcom profitable?

Yes, Radcom (RDCM) reported a net income of $12.0M in fiscal year 2025, with a net profit margin of 16.8%.

What is Radcom's EBITDA?

Radcom (RDCM) had EBITDA of $9.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Radcom's gross margin?

Radcom (RDCM) had a gross margin of 75.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Radcom's operating margin?

Radcom (RDCM) had an operating margin of 11.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Radcom's net profit margin?

Radcom (RDCM) had a net profit margin of 16.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Radcom's return on equity (ROE)?

Radcom (RDCM) has a return on equity of 10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Radcom's free cash flow?

Radcom (RDCM) generated $14.2M in free cash flow during fiscal year 2025. This represents a 29.8% 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 Radcom's operating cash flow?

Radcom (RDCM) generated $14.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Radcom's total assets?

Radcom (RDCM) had $145.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Radcom's capital expenditures?

Radcom (RDCM) invested $384K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Radcom spend on research and development?

Radcom (RDCM) invested $20.2M in research and development during fiscal year 2025.

How many shares does Radcom have outstanding?

Radcom (RDCM) had 17M shares outstanding as of fiscal year 2025.

What is Radcom's current ratio?

Radcom (RDCM) had a current ratio of 5.75 as of fiscal year 2025, which is generally considered healthy.

What is Radcom's debt-to-equity ratio?

Radcom (RDCM) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Radcom's return on assets (ROA)?

Radcom (RDCM) had a return on assets of 8.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Radcom's Altman Z-Score?

Radcom (RDCM) has an Altman Z-Score of 5.70, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Radcom's Piotroski F-Score?

Radcom (RDCM) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Radcom's earnings high quality?

Radcom (RDCM) has an earnings quality ratio of 1.22x, considered cash-backed (high 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 Radcom?

Radcom (RDCM) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.