Ceragon Networks Ltd
CRNT Nasdaq· Radio & Tv Broadcasting & Communications Equipment
KIRA · Stoqly’s AI analyst, in plain words
- Ceragon Networks Ltd had $339M of revenue in fiscal 2025, down 14.1% on the year before. Over five years, revenue changed +5.2% a year on average.
- Its operating margin was 2.1%, down 7.7 pts: of every 100 in sales, about 2 is left after running the business.
- Ceragon Networks Ltd lost $2.1M in fiscal 2025.
- Free cash flow was $17.9M in fiscal 2025, 5.3% of revenue.
- Ceragon Networks Ltd has $19.4M more cash than debt.
Market cap
—
P/E
—
Revenue
$339M
Net income
−$2.1M
Free cash flow
$17.9M
Operating margin
2.1%
Ceragon Networks Ltd in 30 seconds · fiscal 2025
Are sales growing?
−14.1%
No. Sales fell 14.1% last year.
Does it make a profit?
−0.6%
No. It lost money last year.
Does profit turn into cash?
5.3%
Partly. 5.3% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Ceragon Networks Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 15, 2026
- Legal name
- CERAGON NETWORKS LTD
- CIK
- 0001119769
Ceragon Networks Ltd · CRNT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $291M | $295M | $347M | $394M | $339M |
| Revenue growth | 10.6% | 1.5% | 17.6% | 13.5% | −14.1% |
| Gross margin | 30.4% | 31.5% | 34.5% | 34.7% | 33.8% |
| Operating margin | 1.7% | −3.7% | 6.1% | 9.8% | 2.1% |
| Net income | −$14.8M | −$19.7M | $6.2M | $24.1M | −$2.1M |
| Net margin | −5.1% | −6.7% | 1.8% | 6.1% | −0.6% |
| Diluted EPS | −$0.18 | −$0.23 | $0.07 | $0.27 | −$0.02 |
| Cash | |||||
| Cash from operations | −$15.0M | −$4.9M | $30.9M | $26.2M | $31.6M |
| Capital expenditure | $9.4M | $10.5M | $10.0M | $14.6M | $13.6M |
| Free cash flow | −$24.4M | −$15.4M | $20.9M | $11.6M | $17.9M |
| FCF margin | −8.4% | −5.2% | 6.0% | 2.9% | 5.3% |
| Share count change | 2.8% | 0.9% | 1.6% | 3.5% | 1.5% |
| Debt and strength | |||||
| Cash and short-term investments | $17.1M | $22.9M | $28.2M | $35.3M | $38.4M |
| Debt incl. finance leases | $14.8M | $37.5M | $32.6M | $25.2M | $19.0M |
| Shareholders' equity | $137M | $120M | $134M | $166M | $173M |
| Net debt / EBITDA | −0.1x | 141.3x | 0.1x | −0.2x | −0.9x |
| Current ratio | 1.8x | 1.6x | 1.6x | 1.7x | 1.9x |
| Interest coverage | 1.0x | −2.2x | 2.8x | 6.5x | 1.4x |
| Returns and quality | |||||
| Return on capital | 2.8% | −6.4% | 10.0% | 21.9% | 3.1% |
| Return on equity | −10.5% | −15.3% | 4.9% | 16.0% | −1.2% |
| Return on tangible equity | −11.3% | −17.6% | 5.7% | 17.0% | −1.5% |
| Piotroski F-score | 3 | 3 | 8 | 7 | 4 |
| Altman Z'' | 0.1 | −0.9 | 0.2 | 1.4 | 1.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Ceragon Networks Ltd · CRNT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001119769). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.