PERI

MKT CAP:$421M

Perion Network Ltd.

Market Cap

$421M

Communication Services·Internet Content & Information·🇮🇱 Israel·NASDAQ

Communication·Internet·🇮🇱·NASDAQ

Stock Price

$10.61+$1.26 (+13.48%)

Apr 17, 2026

Company Details

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including we...

CEO

Tal Jacobson

IPO Date

Jan 31, 2006

Website

www.perion.com

Key Metrics TTM

Revenue

$440M

-11.7% YoY

Net Income

-$8M

EPS (Diluted)

-$0.18

Free Cash Flow

$39M

Revenue / Share

$10.57

Gross Margin

33.3%

Operating Margin

-3.4%

Net Margin

-1.8%

FCF Margin

8.9%

P/S

1.0x

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 16, 2026

$440M-11.7%EPS -$0.19

Q4 2025

Mar 16, 2026

$137M+5.8%EPS $0.19

Q3 2025

Nov 12, 2025

$110M+8.1%EPS -$0.10

Q2 2025

Aug 11, 2025

$103M-5.3%EPS -$0.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$125M	$48M	$17M
Q2 22	$147M	$54M	$22M
Q3 22	$159M	$57M	$30M
Q4 22	$210M	$78M	$41M
Q1 23	$145M	$58M	$25M
Q2 23	$178M	$67M	$20M
Q3 23	$185M	$68M	$32M
Q4 23	$234M	$80M	$40M
Q1 24	$158M	$44M	$9M
Q2 24	$109M	$38M	-$13M
Q3 24	$102M	$36M	-$3M
Q4 24	$130M	$42M	$4M
Q1 25	$89M	$27M	-$13M
Q2 25	$103M	$35M	-$7M
Q3 25	$110M	$37M	-$5M
Q4 25	$137M	$48M	$10M

Valuation

Quarter	P/S	P/E
Q1 22	2.1x	20.9x
Q2 22	1.6x	14.0x
Q3 22	1.6x	11.8x
Q4 22	2.1x	13.3x
Q1 23	2.9x	18.0x
Q2 23	2.1x	13.5x
Q3 23	2.1x	12.7x
Q4 23	1.9x	11.9x
Q1 24	1.4x	10.1x
Q2 24	0.6x	5.1x
Q3 24	0.6x	7.6x
Q4 24	0.8x	30.4x
Q1 25	0.9x	—
Q2 25	1.1x	—
Q3 25	0.9x	—
Q4 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$24M	$23M
Q2 22	$26M	$26M
Q3 22	$35M	$34M
Q4 22	$38M	$38M
Q1 23	$18M	$18M
Q2 23	$47M	$47M
Q3 23	$40M	$40M
Q4 23	$50M	$50M
Q1 24	$7M	$6M
Q2 24	-$21M	-$21M
Q3 24	$16M	$12M
Q4 24	$4M	$3M
Q1 25	-$7M	-$9M
Q2 25	$21M	$20M
Q3 25	$6M	$5M
Q4 25	$23M	$23M

Capital Expenditures

Quarter	CapEx
Q1 22	$252.0K
Q2 22	$183.0K
Q3 22	$349.0K
Q4 22	$279.0K
Q1 23	$134.0K
Q2 23	$217.0K
Q3 23	$152.0K
Q4 23	$308.0K
Q1 24	$439.0K
Q2 24	$692.0K
Q3 24	$4M
Q4 24	$1M
Q1 25	$2M
Q2 25	$1M
Q3 25	$654.0K
Q4 25	$404.5K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+39.5%	+26.6%
Q2 22	+33.7%	+23.8%
Q3 22	+31.1%	+18.8%
Q4 22	+32.7%	+22.8%
Q1 23	+15.8%	+10.9%
Q2 23	+21.7%	+27.1%
Q3 23	+16.8%	+18.5%
Q4 23	+11.7%	+15.4%
Q1 24	+8.7%	+23.8%
Q2 24	-39.1%	-23.3%
Q3 24	-44.8%	-31.3%
Q4 24	-44.7%	-35.5%
Q1 25	-43.4%	-31.4%
Q2 25	-5.3%	-9.3%
Q3 25	+8.1%	+9.9%
Q4 25	+5.8%	+1.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	1.9%
Q2 22	$3M	1.8%
Q3 22	$3M	2.0%
Q4 22	$3M	1.5%
Q1 23	$3M	2.3%
Q2 23	$3M	1.7%
Q3 23	$4M	2.4%
Q4 23	$5M	2.0%
Q1 24	$5M	3.4%
Q2 24	$6M	5.2%
Q3 24	$6M	6.1%
Q4 24	$10M	7.6%
Q1 25	$8M	8.5%
Q2 25	$7M	7.3%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$9M	$6M	$13M	—
Q2 22	$8M	$6M	$14M	—
Q3 22	$8M	$4M	$13M	—
Q4 22	$9M	$8M	$16M	—
Q1 23	$8M	$7M	$15M	—
Q2 23	$8M	$7M	$14M	—
Q3 23	$8M	$8M	$14M	—
Q4 23	$9M	$10M	$15M	—
Q1 24	$10M	$10M	$16M	—
Q2 24	$10M	$10M	$18M	—
Q3 24	$8M	$9M	$18M	—
Q4 24	$8M	$19M	$4M	—
Q1 25	$8M	$9M	$18M	—
Q2 25	$9M	$9M	$20M	—
Q3 25	$9M	$9M	$20M	—
Q4 25	$9M	—	—	$29M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$93M	$250M	$342M
Q2 22	$102M	$251M	$353M
Q3 22	$171M	$219M	$390M
Q4 22	$178M	$253M	$431M
Q1 23	$133M	$303M	$436M
Q2 23	$186M	$297M	$483M
Q3 23	$198M	$326M	$524M
Q4 23	$188M	$285M	$473M
Q1 24	$176M	$305M	$481M
Q2 24	$147M	$261M	$408M
Q3 24	$155M	$229M	$384M
Q4 24	$156M	$217M	$373M
Q1 25	$151M	$208M	$358M
Q2 25	$114M	$205M	$319M
Q3 25	$124M	$191M	$316M
Q4 25	$91M	$223M	$314M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	47M	+15.8%	+28.0%
Q2 22	47M	+0.6%	+27.5%
Q3 22	48M	+1.5%	+26.5%
Q4 22	49M	+1.8%	+20.3%
Q1 23	49M	+1.2%	+5.2%
Q2 23	50M	+0.3%	+5.0%
Q3 23	50M	+1.3%	+4.7%
Q4 23	51M	+0.7%	+3.5%
Q1 24	50M	-2.1%	+0.1%
Q2 24	49M	-1.6%	-1.8%
Q3 24	48M	-0.8%	-3.8%
Q4 24	46M	-4.2%	-8.4%
Q1 25	45M	-3.1%	-9.4%
Q2 25	42M	-6.3%	-13.7%
Q3 25	41M	-1.3%	-14.2%
Q4 25	42M	+0.4%	-10.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$314.1K	399
Q2 22	$367.6K	399
Q3 22	$397.5K	399
Q4 22	$502.8K	417
Q1 23	$348.1K	417
Q2 23	$428.0K	417
Q3 23	$444.4K	417
Q4 23	$557.7K	420
Q1 24	$375.8K	420
Q2 24	$258.8K	420
Q3 24	$243.3K	420
Q4 24	$245.4K	528
Q1 25	$169.2K	528
Q2 25	$195.0K	528
Q3 25	$209.2K	528
Q4 25	$268.4K	511

Revenue / Employee