AudioCodes Reports Fourth Quarter and Full Year 2025 Results and Declares Semi-Annual Dividend of 20 cents per share

Rhea-AI Summary

AudioCodes (NASDAQ: AUDC) reported Q4 2025 revenue of $62.6M (+1.7% YoY) and full-year revenue of $245.6M (+1.4% YoY). GAAP net income was $1.9M in Q4 ($0.07 diluted) and $9.0M for 2025 ($0.31 diluted). Non-GAAP net income was $4.5M in Q4 ($0.16) and $18.1M for 2025 ($0.61). Cash and investments totaled $75.7M at year-end. The board declared a $0.20 per-share cash dividend payable March 6, 2026, and repurchased 667,193 shares for $6.1M in Q4.

Positive

• Revenue increased to $245.6M in 2025 (+1.4% YoY)
• ARR grew to $79M, up 22% year-over-year
• Conversational AI revenues rose over 35% in 2025
• Declared cash dividend of $0.20 per share (~$5.4M)
• Share repurchases of 667,193 shares for $6.1M

Negative

• GAAP net income declined to $9.0M in 2025 from $15.3M
• Non-GAAP net income fell to $18.1M in 2025 from $27.3M
• Cash and investments decreased to $75.7M from $93.9M

Key Figures

Q4 2025 revenue: $62.6M FY 2025 revenue: $245.6M Q4 GAAP EPS: $0.07 +5 more

8 metrics

Q4 2025 revenue $62.6M Quarterly revenues, up 1.7% year-over-year

FY 2025 revenue $245.6M Full year 2025 revenues, up 1.4%

Q4 GAAP EPS $0.07 Q4 2025 GAAP net income per diluted share

FY 2025 GAAP EPS $0.31 Full year 2025 GAAP net income per diluted share vs 2024

Semi-annual dividend $0.20 per share Declared cash dividend; aggregate about $5.4M, payable Mar 6, 2026

ARR $79M Annual Recurring Revenue, up 22% year-over-year

Cash & investments $75.7M Cash and investments as of Dec 31, 2025 (down from $93.9M in 2024)

Q4 share repurchase 667,193 shares for $6.1M Ordinary shares repurchased during quarter under buyback program

Market Reality Check

Price: $8.52 Vol: Volume 150,279 is above t...

high vol

$8.52 Last Close

Volume Volume 150,279 is above the 20-day average of 97,005, indicating elevated trading interest into the earnings/dividend release. high

Technical Shares at $8.52 are trading below the $9.31 200-day MA, about 33.02% under the 52-week high and 6.37% above the 52-week low.

Peers on Argus

AUDC was up 2.04% with elevated volume, while key Communication Equipment peers ...

AUDC was up 2.04% with elevated volume, while key Communication Equipment peers like BKTI, CRNT, INSG, LTRX, and AVNW all showed gains between 1.13% and 4.14%, but none appeared in the momentum scanner, suggesting a stock‑specific catalyst rather than a flagged sector rotation.

Previous Dividends,earnings Reports

4 past events · Latest: Jul 29 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Jul 29	Earnings & dividend	Positive	-4.4%	Q2 2025 results, modest growth, $0.20 dividend and buybacks announced.
Feb 04	Earnings & dividend	Positive	+5.3%	Q4/FY 2024 results with dividend and strong ARR and service growth.
Jul 30	Earnings & dividend	Positive	+4.3%	Q2 2024 results, revenue uptick, dividend and continued repurchases.
Feb 06	Earnings & dividend	Positive	+14.2%	Q4/FY 2023 earnings and semi-annual dividend declaration.

Pattern Detected

Same-tag earnings/dividend releases have usually triggered positive moves, with three of the last four events producing gains despite one notable negative reaction.

Recent Company History

Over the past two years, AUDC has repeatedly paired quarterly results with semi-annual dividends, building a track record of recurring capital returns. Prior dividend/earnings releases on Feb 6, 2024, Jul 30, 2024, Feb 4, 2025, and Jul 29, 2025 showed modest revenue growth, rising ARR, and ongoing share repurchases. Price reactions around these events have often been positive, framing today’s Q4/FY 2025 report and $0.20 dividend within a consistent communication pattern.

Historical Comparison

dividends,earnings

+7.1 %

Average Historical Move

Historical Analysis

Past dividends/earnings releases for AUDC moved the stock by an average of 7.07%. Against that backdrop, today’s pre-news move of 2.04% appears relatively moderate versus prior same-tag reactions.

Typical Pattern

Recent same-tag events show a steady cadence of semi-annual dividends, with payouts increasing from $0.18 to $0.20 per share alongside gradually rising ARR and continued share repurchases.

Market Pulse Summary

This announcement combines modest top-line growth with detailed profitability metrics and another se...

Analysis

This announcement combines modest top-line growth with detailed profitability metrics and another semi-annual dividend of $0.20 per share. Management highlighted ARR reaching $79M and continued emphasis on Voice AI and managed services, alongside buybacks totaling $6.1M in Q4. At the same time, GAAP net income and cash and investments declined versus 2024. Investors may focus on ARR growth durability, cash trends, and future dividend decisions as key markers of execution.

Key Terms

ebitda, non-gaap, annual recurring revenue (arr), pstn, +2 more

6 terms

ebitda financial

"Quarterly GAAP EBITDA was $4.9 million;Quarterly GAAP net income..."

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

non-gaap financial

"On a Non-GAAP basis, EBITDA for the fourth quarter of 2025 was $6.5 million..."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

annual recurring revenue (arr) financial

"these two units drove growth in our Annual Recurring Revenue (ARR) to $79 million..."

Annual Recurring Revenue (ARR) is the predictable amount of money a company expects to earn in a year from its ongoing services or subscriptions. It helps businesses understand their steady income stream, much like knowing how much rent they can count on each year, which is important for planning and growth.

pstn technical

"driven mainly by resurgence in demand triggered by the renewed focus on the PSTN shutdown trend in NA."

The PSTN, or Public Switched Telephone Network, is the traditional worldwide system of landline telephone lines and the switching equipment that connects voice calls—think of it as the old-fashioned paved road network for phone calls. Investors care because many telecom and service companies still earn revenue from or must maintain this legacy network, and shifts toward internet-based voice services, regulatory rules, or costly upgrades can change future revenues, expenses and competitive positioning.

ucaas technical

"Live family of managed services for UCaaS and CX, and the conversational AI..."

Unified Communications as a Service (UCaaS) is a cloud-based bundle of business communication tools — such as phone calling, video meetings, messaging, and voicemail — delivered over the internet instead of on-site hardware. For investors, UCaaS matters because it shifts companies from buying and maintaining equipment to paying recurring subscription fees, creating predictable revenue for providers and signaling how widely businesses are adopting flexible, remote-ready communications, which can affect growth and valuation.

ivr technical

"The AI-powered Conversational IVR supports more than 500 concurrent voice agents..."

An IVR (Interactive Voice Response) is an automated phone system that guides callers with recorded prompts and responds to keypad tones or spoken answers, like a receptionist that can take your inputs without a human operator. For investors it matters because IVR systems are often used to register for earnings calls, access shareholder services, submit votes, or retrieve account information quickly, and a smooth IVR affects access to timely company information.

AI-generated analysis. Not financial advice.

OR YEHUDA, Israel, Feb. 3, 2026 /PRNewswire/ --

Fourth Quarter and Full Year 2025 Highlights

• Quarterly revenues increased by 1.7% year-over-year to $62.6 million;
  Full year 2025 revenue increased by 1.4% to $245.6 million.
• Quarterly services revenues increased by 1.0% year-over-year to $34.6 million;
  Full year 2025 services revenues increased by 0.4% to $130.7 million.
• GAAP results:
  
  • Quarterly GAAP gross margin was 65.6%;
  • Quarterly GAAP operating margin was 6.0%;
  • Quarterly GAAP EBITDA was $4.9 million;
  • Quarterly GAAP net income was $1.9 million, or $0.07 per diluted share; and
  • Full year 2025 GAAP net income was $9.0 million, or $0.31 per diluted share.
• Non-GAAP results:
  
  • Quarterly Non-GAAP gross margin was 65.9%;
  • Quarterly Non-GAAP operating margin was 8.6%;
  • Quarterly Non-GAAP EBITDA was $6.5 million;
  • Quarterly Non-GAAP net income was $4.5 million, or $0.16 per diluted share; and
  • Full year 2025 Non-GAAP net income was $18.1 million, or $0.61 per diluted share.
• Net cash provided by operating activities was $4.1 million for the quarter and $29.4 million for the full year 2025.
• AudioCodes repurchased 667,193 of its ordinary shares during the quarter at an aggregate cost of $6.1 million.

Details

AudioCodes (NASDAQ: AUDC), a global leader in enterprise voice and VoiceAI business solutions, today announced its financial results for the fourth quarter and full year period ended December 31, 2025.

Revenues for the fourth quarter of 2025 were $62.6 million compared to $61.6 million for the fourth quarter of 2024. Revenues were $245.6 million in 2025 compared to $242.2 million in 2024.

EBITDA for the fourth quarter of 2025 was $4.9 million compared to $5.2 million for the fourth quarter of 2024. EBITDA was $18.3 million in 2025 compared to $21.1 million in 2024.

On a Non-GAAP basis, EBITDA for the fourth quarter of 2025 was $6.5 million compared to $8.5 million for the fourth quarter of 2024. EBITDA was $24.8 million in 2025 compared to $31.4 million in 2024.

Net income was $1.9 million, or $0.07 per diluted share, for the fourth quarter of 2025 compared to net income of $6.8 million, or $0.22 per diluted share, for the fourth quarter of 2024. Net income was $9.0 million, or $0.31 per diluted share in 2025, compared to $15.3 million, or $0.50 per diluted share in 2024.

On a Non-GAAP basis, net income was $4.5 million, or $0.16 per diluted share, for the fourth quarter of 2025 compared to $11.6 million, or $0.37 per diluted share, for the fourth quarter of 2024. Non-GAAP net income was $18.1 million, or $0.61 per diluted share in 2025 compared to $27.3 million, or $0.87 per diluted share in 2024.

Non-GAAP net income excludes: (i) share-based compensation expenses; (ii) amortization expenses related to intangible assets; (iii) financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies; (iv) tax impact which relates to our Non-GAAP adjustments; (v) in Q1 2024 non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters; and (vi) a one-time, non-recurring expense attributable to the settlement agreement with former headquarter office landlord. A reconciliation of net income on a GAAP basis to a non-GAAP basis is provided in the tables that accompany the condensed consolidated financial statements contained in this press release.

Net cash provided by operating activities was $4.1 million for the fourth quarter of 2025 and $29.4 million for 2025. Cash and cash equivalents, short-term bank deposits, long and short-term marketable securities, and long-term financial investments were $75.7 million as of December 31, 2025 compared to $93.9 million as of December 31, 2024. The decrease in cash and cash equivalents, short-term bank deposits, long and short-term marketable securities and long-term financial investments was the result of the use of cash for the continued repurchasing of the Company's ordinary shares pursuant to its share repurchase program and the payment of a cash dividend during each of the first and third quarters of 2025. This was partially offset by cash generated from operating activities.

"I am pleased to report solid financial results for the fourth quarter 2025. Fourth quarter performance demonstrates our success in the ongoing evolution towards becoming a Voice AI-focused hybrid cloud software and services company", said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes.

Fourth quarter's performance was driven by strong momentum across our two primary growth engines: the Live family of managed services for UCaaS and CX, and the conversational AI (CAI) business. Together, these two units drove growth in our Annual Recurring Revenue (ARR) to $79 million, marking a 22% year-over-year increase. Within Conversational AI our revenues grew over 50% in the fourth quarter. Additionally, we saw recovery in our Connectivity business in NA, which was driven mainly by resurgence in demand triggered by the renewed focus on the PSTN shutdown trend in NA.

We are experiencing robust and broad-based demand across our conversational AI portfolio which exhibited as a group growth of over 35% in 2025 compared to 2024.  We saw substantial growth in the Voice AI Connect and Live Hub revenues which grew above 50% year-over-year. Voca CIC, our AI first CX solution for Microsoft Teams exhibited also 50% growth year-over-year. Additionally,  we saw meaningful progress in our meeting insight solutions, both in the cloud edition and the on prem solution. With growing demand for our business voice applications in the enterprise space, we are confident in the success of this new growth engine for coming years. Overall, we executed well against our business goals. The increased investments in our Live services and CAI over the past several years have significantly contributed to the strong operational momentum, and are expected to contribute to sustained healthy top-line growth in 2026 and beyond," concluded Mr. Adlersberg. 

Share Buy Back Program

During the quarter ended December 31, 2025, the Company acquired 667,193 of its ordinary shares under its share repurchase program for a total consideration of $6.1 million.

In October 2025, the Company received court approval in Israel to purchase up to an aggregate amount of $25 million of ordinary shares. The court approval also permits AudioCodes to declare a dividend out of any part of this amount. The approval is valid through April 27, 2026.

As of December 31, 2025, the Company had $20.6 million available under this approval for the repurchase of shares and/or declaration of cash dividends.

Cash Dividend

AudioCodes also announced today that the Company's Board of Directors has declared a cash dividend in the amount of 20 cents per share. The aggregate amount of the dividend is approximately $5.4 million. The dividend is payable on March 6, 2026, to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market on February 20, 2026.

In accordance with Israeli tax law, the dividend is subject to withholding tax at source at the rate of 25% of the dividend amount payable to each shareholder of record, subject to applicable exemptions. If the recipient of the dividend is at the time of distribution or was at any time during the preceding 12-month period the holder of 10% or more of the Company's share capital, the withholding rate is 30%.

The dividend will be paid in U.S. dollars on the ordinary shares of AudioCodes Ltd. that are traded on the Nasdaq Global Select Market or the Tel-Aviv Stock Exchange. The amount and timing of any other dividends will be determined by the Company's Board of Directors.

Conference Call & Web Cast Information

AudioCodes will conduct a conference call at 8:30 A.M., Eastern Time today to discuss the Company's fourth quarter of 2025 operating performance, financial results and outlook. Interested parties may participate in the conference call by dialing one of the following numbers:

United States Participants: 888-506-0062

International Participants: +1 (973) 528-0011

The conference call will also be simultaneously webcast. Investors are invited to listen to the call live via webcast at the AudioCodes investor website at http://www.audiocodes.com/investors-lobby.

Follow AudioCodes' social media channels:

AudioCodes invites you to join our online community and follow us on: AudioCodes Voice Blog, LinkedIn, X, Facebook, and YouTube.

About AudioCodes

AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a global leader in enterprise voice and VoiceAI business solutions. We help organizations unlock the full value of voice, transforming every conversation, whether human or AI, into a strategic asset that drives better business outcomes. Our portfolio spans voice connectivity, unified communications and contact center integration, and next-generation voice AI applications that enhance collaboration, automate workflows and deliver real-time insights. With over 30 years of global experience and trusted by 65 of the Fortune 100, AudioCodes powers the intelligent enterprise, connecting people, platforms and data to move business forward.

For more information on AudioCodes, visit http://www.audiocodes.com.

Statements concerning AudioCodes' business outlook or future economic performance, product introductions and plans and objectives related thereto, and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements'' as that term is defined under U.S. federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to, the following: the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular, including governmental undertakings to address such conditions; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes' and its customers' products and markets; timely product and technology development, upgrades, the advent of artificial intelligence and the ability to manage changes in market conditions and evolving regulatory regimes, as applicable; possible need for additional financing; the ability to satisfy covenants in AudioCodes' financing agreements; possible impacts and disruptions from AudioCodes' acquisitions, including the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; possible adverse impacts attributable to any pandemic or other public health crisis on our business and results of operations; the effects of the current and any future hostilities involving Israel, including in the regions in which we or our counterparties operate, which may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; and any other factors described in AudioCodes' filings made with the U.S. Securities and Exchange Commission from time to time. AudioCodes assumes no obligation to update the information in this release.

©2026 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, AudioCodes One Voice, AudioCodes Meeting Insights, and AudioCodes Room Experience are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice.

 

AUDIOCODES LTD. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
	December 31,		December 31,
	2025		2024
	(Unaudited)		(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$ 45,282		$58,749
Short-term bank deposits	239		210
Short-term marketable securities	27,350		3,426
Trade receivables, net	67,358		56,016
Other receivables and prepaid expenses	18,040		13,012
Inventories	22,032		31,463
Total current assets	180,301		162,876
LONG-TERM ASSETS:
Long-term Trade receivables	$ 13,065		$ 15,753
Long-term marketable securities	-		28,518
Long-term financial investments	2,790		3,008
Deferred tax assets	8,797		9,838
Operating lease right-of-use assets	30,217		32,534
Severance pay funds	21,163		18,004
Total long-term assets	76,032		107,655
PROPERTY AND EQUIPMENT, NET	29,248		27,321
GOODWILL, INTANGIBLE ASSETS AND OTHER, NET	37,579		38,049
Total assets	$ 323,160		$ 335,901
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables	6,416		7,543
Other payables and accrued expenses	30,424		25,823
Deferred revenues	38,243		38,438
Short-term operating lease liabilities	6,635		5,954
Total current liabilities	81,718		77,758
LONG-TERM LIABILITIES:
Accrued severance pay	$ 18,278		$ 16,387
Deferred revenues and other liabilities	20,517		19,434
Long-term operating lease liabilities	31,348		30,508
Total long-term liabilities	70,143		66,329
Total shareholders' equity	171,299		191,814
Total liabilities and shareholders' equity	$ 323,160		$ 335,901

 

 

AUDIOCODES LTD. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands, except per share data
	Year ended				Three months ended
	December 31,				December 31,
	2025		2024		2025		2024
	(Unaudited)				(Unaudited)
Revenues:
Products	$ 114,911		$ 111,966		$ 28,015		$ 27,319
Services	130,693		130,210		34,590		34,235
Total Revenues	245,604		242,176		62,605		61,554
Cost of revenues:
Products	44,197		44,448		11,111		10,325
Services	41,775		39,567		10,405		10,510
Total Cost of revenues	85,972		84,015		21,516		20,835
Gross profit	159,632		158,161		41,089		40,719
Operating expenses:
Research and development, net	52,591		52,125		13,504		12,345
Selling and marketing	77,242		71,167		19,924		18,740
General and administrative	15,760		17,678		3,928		5,532
Total operating expenses	145,593		140,970		37,356		36,617
Operating income	14,039		17,191		3,733		4,102
Financial income (expenses), net	(461)		(2,095)		(1,047)		(1,900)
Income before taxes on income	13,578		15,096		2,686		2,202
Taxes on income, net	(4,623)		215		(785)		4,573
Net income	$ 8,955		$ 15,311		$ 1,901		$ 6,775
Basic net earnings per share	$ 0.31		$ 0.51		$ 0.07		$ 0.23
Diluted net earnings per share	$ 0.31		$ 0.50		$ 0.07		$ 0.22
Weighted average number of shares used in computing basic net earnings per share (in thousands)	28,498		30,200		27,418		29,932
Weighted average number of shares used in computing diluted net earnings per share (in thousands)	28,984		30,636		27,868		30,260

 

 

AUDIOCODES LTD. AND ITS SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME
U.S. dollars in thousands, except per share data
	Year ended				Three months ended
	December 31,				December 31,
	2025		2024		2025		2024
	(Unaudited)				(Unaudited)
GAAP net income	$ 8,955		$ 15,311		$ 1,901			$ 6,775
GAAP net earnings per share	$ 0.31		$ 0.50		$ 0.07			$ 0.22
Cost of revenues:
Share-based compensation (1)	396		369		77			95
Amortization expenses (2)	426		488		60			122
Lease expenses (5)	-		304		-			-
	822		1,161		137			217
Research and development, net:
Share-based compensation (1)	1,489		2,108		362			466
Lease expenses (5)	-		342		-			-
	1,489		2,450		362			466
Selling and marketing:
Share-based compensation (1)	2,317		2,959		515			704
Amortization expenses (2)	44		44		11			11
Lease expenses (5)	-		38		-			-
	2,361		3,041		526			715
General and administrative:
Share-based compensation (1)	2,308		2,792		655			679
Settlement with former headquarter office landlord (6)	-		1,355		-			1,355
Lease expenses (5)	-		76		-			-
	2,308		4,223		655			2,034
Financial expenses (income):
Exchange rate differences (3)	2,186		507		876			1,261
Income taxes:
Taxes on income, net (4)	-		585		-			163
Non-GAAP net income	$ 18,121		$ 27,278		$ 4,457			$ 11,631
Non-GAAP diluted net earnings per share	$ 0.61		$ 0.87		$ 0.16			$ 0.37
Weighted average number of shares used in computing Non-GAAP diluted net earnings per share (in thousands)	29,743		31,443		28,692			31,192
(1)  Share-based compensation expenses related to options and restricted share units granted to employees and others. (2)  Amortization expenses related to intangible assets. (3)  Financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies. (4)  Tax impact which relates to our non-GAAP adjustments. (5)  In Q1 2024, non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters. (6)  A one-time, non-recurring expense attributable to the settlement agreement with former headquarter office landlord.
Note:  Non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.  The Company believes that non-GAAP information is useful because it can enhance the understanding of its ongoing economic performance and therefore uses internally this non-GAAP information to evaluate and manage its operations. The Company has chosen to provide this information to investors to enable them to perform comparisons of operating results in a manner similar to how the Company analyzes its operating results and because many comparable companies report this type of information.

 

 

AUDIOCODES LTD. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
U.S. dollars in thousands
		Year ended				Three months ended
		December 31,				December 31,
		2025		2024		2025		2024
		(Unaudited)				(Unaudited)
Cash flows from operating activities:
Net income		$ 8,955		$ 15,311		$ 1,901		$ 6,775
Adjustments required to reconcile net income to net    cash provided by operating activities:
Depreciation and amortization		4,235		3,883		1,139		1,095
Amortization of marketable securities premiums and    accretion of discounts, net		400		1,120		88		509
Net loss from sales of marketable securities		-		882		-		608
Increase in accrued severance pay, net		(1,268)		(1,077)		(554)		(378)
Share-based compensation expenses		6,510		8,228		1,609		1,944
Decrease (increase) in deferred tax assets, net		695		(4,548)		(13)		(5,374)
Cash financial loss (income), net		574		313		537		176
Decrease in operating lease right-of-use assets		3,542		6,009		250		1,254
Increase (decrease) in operating lease liabilities		296		(4,651)		429		(720)
Decrease (increase) in trade receivables, net		(8,654)		(3,846)		1,719		2,168
Decrease (increase) in other receivables and prepaid   expenses		(5,028)		(3,631)		1,436		(927)
Decrease in inventories		9,251		12,283		1,990		2,164
Increase (decrease) in trade payables		(232)		(13)		(2,993)		2,064
Increase in other payables and accrued expenses		9,642		3,223		2,615		3,817
Increase (decrease) in deferred revenues		443		1,767		(6,028)		136
Net cash provided by (used in) operating activities		29,361		35,253		4,125		15,311
Cash flows from investing activities:
Proceeds from short-term deposits		(29)		2		(6)		(8)
Proceeds from sale of marketable securities		-		35,177		-		25,186
Proceeds from financial investment		278		132		35		56
Proceeds from redemption of marketable securities		5,200		7,450		-		4,000
Purchase of financial investments		(523)		(675)		(81)		-
Purchase of property and equipment		(6,472)		(24,280)		(1,642)		(3,512)
Net cash provided by (used in) investing activities		(1,546)		17,806		(1,694)		25,722

 

 

AUDIOCODES LTD. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
U.S. dollars in thousands
		Year ended				Three months ended
		December 31,				December 31,
		2025		2024		2025		2024
		(Unaudited)				(Unaudited)
Cash flows from financing activities:
Purchase of treasury shares		(30,599)		(14,328)		(6,085)		(5,988)
Cash dividends paid to shareholders		(10,934)		(10,896)		-		-
Proceeds from issuance of shares upon exercise of   options		251		368		11		182
Net cash used in financing activities		(41,282)		(24,856)		(6,074)		(5,806)
Net increase (decrease) in cash, cash equivalents, and    restricted cash		(13,467)		28,203		(3,643)		35,227
Cash, cash equivalents and restricted cash at beginning   of period		58,749		30,546		48,925		23,552
Cash, cash equivalents and restricted cash at end   of period		$ 45,282		$ 58,749		$ 45,282		$ 58,749

 

 

Company Contacts
Niran Baruch, Chief Financial Officer  AudioCodes Tel: +972-3-976-4000 niran.baruch@audiocodes.com		Roger L. Chuchen VP, Investor Relations AudioCodes Tel:  732-764-2552 roger.chuchen@audiocodes.com

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SOURCE AudioCodes

FAQ

What dividend did AudioCodes (AUDC) declare and when is it payable?

AudioCodes declared a cash dividend of $0.20 per share, payable March 6, 2026. According to the company, the aggregate dividend is about $5.4M, payable to shareholders of record on February 20, 2026, subject to Israeli withholding tax rules.

How did AudioCodes (AUDC) perform revenue-wise in Q4 and full-year 2025?

Q4 2025 revenue was $62.6M (+1.7% YoY) and full-year revenue was $245.6M (+1.4% YoY). According to the company, modest top-line growth was driven by services and Voice AI momentum.

What were AudioCodes' GAAP and Non-GAAP net incomes for 2025 per share?

GAAP net income for 2025 was $9.0M, or $0.31 per diluted share; Non-GAAP net income was $18.1M, or $0.61 per diluted share. According to the company, Non-GAAP excludes specific items like share-based compensation.

How much cash and investable assets did AudioCodes (AUDC) report as of Dec 31, 2025?

AudioCodes reported $75.7M in cash, short-term deposits and marketable securities as of December 31, 2025. According to the company, this decline from 2024 reflects share repurchases and dividend payments partially offset by operating cash flow.

What share repurchase activity did AudioCodes (AUDC) undertake in Q4 2025?

During Q4 2025, AudioCodes repurchased 667,193 ordinary shares for an aggregate of $6.1M. According to the company, court approval in October 2025 permits up to $25M aggregate repurchases through April 27, 2026.

What growth did AudioCodes report in its Conversational AI and ARR metrics for 2025?

AudioCodes reported ARR of $79M, a 22% year-over-year increase, and Conversational AI portfolio growth of over 35% in 2025. According to the company, Live services and CAI drove the ARR and strong product momentum.