RADCOM Delivers 17.2% Full-Year Revenue Growth, Record Revenue and Operating Margins in 2025
Sixth consecutive year of revenue growth, reflecting ongoing business momentum
TEL AVIV, Israel, Feb. 11, 2026 /PRNewswire/ -- RADCOM Ltd. (NASDAQ: RDCM), a leader in next-generation AI-powered assurance solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2025.
"RADCOM delivered record revenue of $71.5 million and achieved its highest annual operating margins to date in 2025, marking six consecutive years of revenue growth," said Benny Eppstein, Chief Executive Officer of RADCOM. "We are scaling profitability, generating strong cash flow, and strengthening our balance sheet, reflecting a business model with clear operating leverage while delivering measurable value to our customers. As telecom operators adapt to an AI-driven environment, they must operate their networks more efficiently while improving the customer experience, and our solutions enable both. We have built a strong foundation for sustainable, profitable growth as we work to continue to expand our customer base."
"With record cash levels of $109.9 million and no debt as of year-end, we enter 2026 from a position of financial strength," added Eppstein. "Our focus remains on expanding our Tier-1 customer footprint, deepening partnerships across our ecosystem, and continuing to lead in intelligent assurance and AI-driven analytics."
Fourth Quarter 2025 Financial Highlights:
Full Year 2025 Financial Highlights:
Outlook
RADCOM is providing full-year 2026 revenue growth guidance of 8% to 12%, implying revenue of $78.6 million at the guidance midpoint (10%).
Chairman of the Board Transition
The Company also announced that its Board of Directors has appointed an existing Board member, Mr. Rami Schwartz, as Chairman of the Board, effective February 8, 2026, succeeding Mr. Sami Totah. Mr. Rami Schwartz has served on RADCOM's Board of Directors since July 2019 and brings deep experience in strategy, leadership, governance, and scaling technology businesses. Mr. Sami Totah will continue to serve as a member of the Company's Board of Directors.
Conference Call and Webinar
RADCOM's management will host an interactive conference call today, February 11, 2026, at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) to discuss the financial results and answer participants' questions.
Conference Call Access
To join the conference call, please dial +1-866-652-8972 (US toll-free) or +972-3-918-0609 for other locations. Please dial in 5 minutes before the scheduled start time. A recording will be available later the same day at https://radcom.com/financial-information/.
Audio Webinar Access
To access the audio webinar, log in at https://www.veidan-conferencing.com/radcom. Please log in at least 10 minutes before the start time to complete registration and install any required software. A replay will be available at the same link for 90 days following the event.
For all investor inquiries, please contact:
Investor Relations:
Rob Fink or Joey Delahoussaye
FNK IR
[email protected]
+1-646-809-4048 / +1-312-809-1087
Company Contact:
Hod Cohen
CFO
[email protected]
+972-3-645-5055
About RADCOM
RADCOM (Nasdaq: RDCM) is a leading provider of advanced, intelligent assurance solutions with integrated AI Operations (AIOps) capabilities. Its flagship platform, RADCOM ACE, harnesses AI-driven analytics and Generative AI (GenAI) to improve customer experiences. From lab testing to full-scale deployment, RADCOM utilizes cutting-edge networking technologies to capture and analyze real-time data. Its advanced 5G portfolio delivers end-to-end network observability, from the radio access network (RAN) to the core.
Designed to be open, vendor-neutral, and cloud-agnostic, RADCOM's solutions drive next-generation network automation, optimization, and efficiency. By leveraging AI-powered intelligence, RADCOM reduces operational costs, enables predictive customer insights, and seamlessly integrates with business support systems (BSS), operations support systems (OSS), and service management platforms. Offering a complete, real-time view of mobile and fixed networks, RADCOM empowers telecom operators to ensure exceptional service quality, enhance user experiences, and build customer-centric networks.
Non-GAAP Information
Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader's overall understanding of the Company's financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, financial income (expenses) related to acquisitions, and amortization of intangible assets related to acquisitions, the Company's non-GAAP results provide information to both management and investors that is useful in assessing the Company's core operating performance and in evaluating and comparing the Company's results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results and to plan and forecast future periods. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with GAAP.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as "estimate," "project," "intend," "expect," "'believe," "may," "might," " potential," "anticipate," "plan," or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses its full-year 2026 revenue guidance, momentum, scalability of the Company's business model, and ongoing demand from telecom operators, sustainable, profitable growth and financial strength, increasing adoption of AI-driven assurance solutions, expanding its customer base, deepening its partnerships and continuing to lead in intelligent assurance and AI-driven analytics, it is using forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance, or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products, and applications, loss of market share and pressure on prices resulting from competition and the effects of the conflict in Israel. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
RADCOM LTD.
Consolidated Statements of Operations
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
December 31,
Twelve months ended
December 31,
2025
2024
2025
2024
Revenues
$ 18,857
$ 16,264
$ 71,494
$ 61,009
Cost of revenues
4,370
4,137
17,193
15,746
Gross profit
14,487
12,127
54,301
45,263
Research and development, gross
5,407
4,749
20,239
18,659
Less - royalty-bearing participation
149
113
363
684
Research and development, net
5,258
4,636
19,876
17,975
Sales and marketing
4,739
4,632
19,683
17,794
General and administrative
1,804
1,549
6,439
6,407
Total operating expenses
11,801
10,817
45,998
42,176
Operating income
2,686
1,310
8,303
3,087
Financial income, net
1,207
1,080
4,283
4,115
Income before taxes on income
3,893
2,390
12,586
7,202
Taxes on income
251
142
595
234
Net income
$ 3,642
$ 2,248
$ 11,991
$ 6,968
Basic net income per ordinary share
$ 0.22
$ 0.14
$ 0.74
$ 0.44
Diluted net income per ordinary share
$ 0.21
$ 0.14
$ 0.71
$ 0.43
Weighted average number of
ordinary shares used in computing
basic net income per ordinary share
16,512,452
15,878,186
16,266,468
15,666,457
Weighted average number of
ordinary shares used in computing
diluted net income per ordinary share
17,039,753
16,612,554
16,835,529
16,155,150
RADCOM LTD.
Consolidated Statements of Operations
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
December 31,
Twelve month ended
December 31,
2025
2024
2025
2024
GAAP gross profit
$ 14,487
$ 12,127
$ 54,301
$ 45,263
Stock-based compensation
89
91
387
381
Amortization of intangible assets
57
57
225
225
Non-GAAP gross profit
$ 14,633
$ 12,275
$ 54,913
$ 45,869
GAAP research and development, net
$ 5,258
$ 4,636
$ 19,876
$ 17,975
Stock-based compensation
468
497
1,776
2,047
Non-GAAP research and development, net
$ 4,790
$ 4,139
$ 18,100
$ 15,928
GAAP sales and marketing
$ 4,739
$ 4,632
$ 19,683
$ 17,794
Stock-based compensation
556
506
2,265
2,023
Amortization of intangible assets
29
29
115
116
Non-GAAP sales and marketing
$ 4,154
$ 4,097
$ 17,303
$ 15,655
GAAP general and administrative
$ 1,804
$ 1,549
$ 6,439
$ 6,407
Stock-based compensation
444
380
1,688
1,645
Non-GAAP general and administrative
$ 1,360
$ 1,169
$ 4,751
$ 4,762
GAAP total operating expenses
$ 11,801
$ 10,817
$ 45,998
$ 42,176
Stock-based compensation
1,468
1,383
5,729
5,715
Amortization of intangible assets
29
29
115
116
Non-GAAP total operating expenses
$ 10,304
$ 9,405
$ 40,154
$ 36,345
GAAP operating income
$ 2,686
$ 1,310
$ 8,303
$ 3,087
Stock-based compensation
1,557
1,474
6,116
6,096
Amortization of intangible assets
86
86
340
341
Non-GAAP operating income
$ 4,329
$ 2,870
$ 14,759
$ 9,524
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP Financial Information
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months
ended
December 31,
Twelve months
ended
December 31,
2025
2024
2025
2024
GAAP income before taxes on income
$ 3,893
$ 2,390
$ 12,586
$ 7,202
Stock-based compensation
1,557
1,474
6,116
6,096
Amortization of intangible assets
86
86
340
341
Financial expenses (income)
(78)
(28)
(29)
84
Non-GAAP income before taxes on income
$ 5,458
$ 3,922
$ 19,013
$ 13,723
GAAP net income
$ 3,642
$ 2,248
$ 11,991
$ 6,968
Stock-based compensation
1,557
1,474
6,116
6,096
Amortization of intangible assets
86
86
340
341
Financial expenses (income)
(78)
(28)
(29)
84
Non-GAAP net income
$ 5,207
$ 3,780
$ 18,418
$ 13,489
GAAP net income per diluted share
$ 0.21
$ 0.14
$ 0.71
$ 0.43
Stock-based compensation
0.10
0.09
0.36
0.38
Amortization of intangible assets
(*)
(*)
0.02
0.02
Financial expenses (income)
(*)
(*)
(*)
(*)
Non-GAAP net income per diluted share
$ 0.31
$ 0.23
$ 1.09
$ 0.83
Weighted average number of shares used to compute diluted net
income per share
17,039,753
16,612,554
16,835,529
16,155,150
(*) Less than $ 0.01
RADCOM LTD.
Consolidated Balance Sheets
(Unaudited)
(thousands of U.S. dollars)
As of
As of
December 31,
2025
December 31,
2024
Current Assets
Cash and cash equivalents
$ 30,486
$ 19,243
Short-term bank deposits
79,437
75,429
Trade receivables, net
20,245
19,038
Inventories
318
1,667
Other accounts receivable and prepaid expenses
2,036
1,819
Total Current Assets
132,522
117,196
Non-Current Assets
Severance pay fund
3,431
2,985
Other long-term receivables
2,866
3,484
Property and equipment, net
988
879
Operating lease right-of-use assets
2,898
3,421
Goodwill and intangible assets, net
2,269
2,609
Total Non-Current Assets
12,452
13,378
Total Assets
$ 144,974
$ 130,574
Liabilities and Shareholders' Equity
Current Liabilities
Trade payables
$ 2,632
$ 2,457
Deferred revenues and advances from customers
1,100
6,848
Employee and payroll accruals
7,325
7,175
Operating lease liabilities
1,099
966
Other liabilities and accrued expenses
10,872
10,463
Total Current Liabilities
23,028
27,909
Non-Current Liabilities
Accrued severance pay
4,790
3,868
Operating lease liabilities
2,135
2,438
Other liabilities and accrued expenses
916
683
Total Non-Current Liabilities
7,841
6,989
Total Liabilities
$ 30,869
$ 34,898
Shareholders' Equity
Share capital
$ 809
$ 769
Additional paid-in capital
167,172
160,761
Accumulated other comprehensive loss
(2,923)
(2,910)
Accumulated deficit
(50,953)
(62,944)
Total Shareholders' Equity
114,105
95,676
Total Liabilities and Shareholders' Equity
$ 144,974
$ 130,574
SOURCE RADCOM Ltd.