Perion Network Ltd
NASDAQ:PERI
Income Statement
Earnings Waterfall
Perion Network Ltd
Income Statement
Perion Network Ltd
| Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Dec-2010 | Dec-2011 | Jun-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
7
N/A
|
8
+3%
|
8
+5%
|
9
+13%
|
11
+21%
|
13
+19%
|
15
+18%
|
17
+13%
|
19
+8%
|
19
+2%
|
20
+5%
|
21
+7%
|
22
+3%
|
24
+8%
|
25
+6%
|
26
+3%
|
27
+5%
|
28
+2%
|
28
+2%
|
30
+4%
|
482
+1 533%
|
22
-95%
|
537
+2 308%
|
113
-79%
|
182
+61%
|
263
+44%
|
326
+24%
|
361
+11%
|
389
+8%
|
395
+1%
|
389
-2%
|
326
-16%
|
265
-19%
|
231
-13%
|
221
-4%
|
245
+11%
|
274
+12%
|
296
+8%
|
313
+6%
|
299
-4%
|
291
-3%
|
281
-3%
|
274
-3%
|
273
0%
|
266
-3%
|
258
-3%
|
253
-2%
|
246
-3%
|
247
+0%
|
255
+3%
|
262
+2%
|
274
+5%
|
271
-1%
|
288
+7%
|
328
+14%
|
352
+7%
|
401
+14%
|
439
+9%
|
479
+9%
|
514
+7%
|
551
+7%
|
589
+7%
|
640
+9%
|
660
+3%
|
692
+5%
|
719
+4%
|
743
+3%
|
756
+2%
|
686
-9%
|
603
-12%
|
498
-17%
|
430
-14%
|
424
-1%
|
432
+2%
|
440
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(118)
|
(9)
|
(125)
|
(58)
|
(96)
|
(148)
|
(192)
|
(216)
|
(235)
|
(221)
|
(202)
|
(154)
|
(112)
|
(101)
|
(99)
|
(120)
|
(138)
|
(148)
|
(157)
|
(152)
|
(150)
|
(149)
|
(156)
|
(160)
|
(160)
|
(158)
|
(152)
|
(147)
|
(150)
|
(156)
|
(161)
|
(170)
|
(173)
|
(187)
|
(220)
|
(239)
|
(269)
|
(294)
|
(313)
|
(331)
|
(351)
|
(372)
|
(403)
|
(413)
|
(431)
|
(448)
|
(471)
|
(492)
|
(452)
|
(400)
|
(333)
|
(286)
|
(284)
|
(291)
|
(288)
|
|
| Gross Profit |
7
N/A
|
7
+3%
|
7
+6%
|
8
+14%
|
10
+19%
|
12
+21%
|
14
+17%
|
16
+12%
|
17
+6%
|
17
+2%
|
18
+5%
|
19
+7%
|
20
+4%
|
22
+8%
|
23
+7%
|
24
+3%
|
26
+6%
|
26
+2%
|
27
+2%
|
26
-2%
|
364
+1 295%
|
13
-96%
|
412
+3 093%
|
55
-87%
|
85
+56%
|
115
+35%
|
134
+16%
|
145
+8%
|
154
+6%
|
173
+12%
|
186
+7%
|
173
-7%
|
153
-11%
|
130
-15%
|
122
-6%
|
124
+2%
|
136
+9%
|
148
+9%
|
156
+6%
|
147
-6%
|
140
-4%
|
132
-6%
|
118
-10%
|
113
-5%
|
106
-6%
|
100
-6%
|
101
+1%
|
99
-2%
|
97
-2%
|
99
+2%
|
100
+1%
|
104
+4%
|
98
-5%
|
101
+3%
|
108
+7%
|
113
+5%
|
132
+16%
|
145
+10%
|
165
+14%
|
184
+11%
|
200
+9%
|
216
+8%
|
237
+10%
|
247
+4%
|
261
+6%
|
271
+4%
|
272
+1%
|
263
-3%
|
234
-11%
|
203
-13%
|
166
-18%
|
144
-13%
|
140
-3%
|
141
+1%
|
152
+7%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(4)
|
(5)
|
(5)
|
(6)
|
(8)
|
(9)
|
(11)
|
(13)
|
(15)
|
(16)
|
(18)
|
(19)
|
(19)
|
(17)
|
(17)
|
(16)
|
(14)
|
(14)
|
(15)
|
(15)
|
(40)
|
(12)
|
(30)
|
(24)
|
(30)
|
(42)
|
(52)
|
(72)
|
(85)
|
(99)
|
(107)
|
(94)
|
(88)
|
(79)
|
(87)
|
(108)
|
(127)
|
(141)
|
(144)
|
(136)
|
(131)
|
(125)
|
(108)
|
(100)
|
(91)
|
(83)
|
(84)
|
(81)
|
(79)
|
(80)
|
(82)
|
(87)
|
(88)
|
(91)
|
(96)
|
(98)
|
(106)
|
(110)
|
(119)
|
(125)
|
(128)
|
(128)
|
(128)
|
(130)
|
(146)
|
(153)
|
(158)
|
(163)
|
(160)
|
(163)
|
(162)
|
(161)
|
(158)
|
(161)
|
(165)
|
|
| Selling, General & Administrative |
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(11)
|
(11)
|
(10)
|
(10)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(22)
|
(7)
|
(13)
|
(13)
|
(17)
|
(24)
|
(29)
|
(42)
|
(49)
|
(57)
|
(63)
|
(55)
|
(53)
|
(48)
|
(54)
|
(68)
|
(81)
|
(90)
|
(92)
|
(88)
|
(87)
|
(85)
|
(75)
|
(69)
|
(62)
|
(55)
|
(55)
|
(53)
|
(50)
|
(50)
|
(50)
|
(52)
|
(52)
|
(53)
|
(55)
|
(56)
|
(62)
|
(66)
|
(74)
|
(78)
|
(81)
|
(80)
|
(80)
|
(82)
|
(83)
|
(89)
|
(91)
|
(94)
|
(101)
|
(106)
|
(107)
|
(108)
|
(109)
|
(111)
|
(113)
|
|
| Research & Development |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(18)
|
(5)
|
(17)
|
(11)
|
(13)
|
(19)
|
(22)
|
(30)
|
(36)
|
(42)
|
(44)
|
(37)
|
(31)
|
(25)
|
(22)
|
(24)
|
(26)
|
(26)
|
(27)
|
(25)
|
(22)
|
(20)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(18)
|
(19)
|
(21)
|
(23)
|
(25)
|
(26)
|
(29)
|
(31)
|
(32)
|
(34)
|
(35)
|
(35)
|
(36)
|
(35)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(36)
|
(37)
|
(37)
|
(35)
|
(34)
|
(34)
|
(35)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(4)
|
(6)
|
(11)
|
(17)
|
(21)
|
(25)
|
(26)
|
(24)
|
(22)
|
(20)
|
(17)
|
(14)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(10)
|
(11)
|
(12)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(17)
|
(17)
|
(16)
|
(15)
|
(15)
|
(16)
|
(18)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
(17)
|
(19)
|
(19)
|
(6)
|
(4)
|
(2)
|
0
|
0
|
0
|
0
|
|
| Operating Income |
3
N/A
|
2
-21%
|
2
-9%
|
2
-5%
|
2
+15%
|
3
+13%
|
3
+12%
|
3
+7%
|
3
-19%
|
1
-80%
|
0
-40%
|
0
+33%
|
1
+250%
|
5
+243%
|
6
+29%
|
9
+37%
|
12
+35%
|
12
+3%
|
12
+1%
|
11
-5%
|
324
+2 765%
|
1
-100%
|
383
+42 400%
|
31
-92%
|
56
+81%
|
73
+30%
|
82
+13%
|
73
-11%
|
69
-5%
|
75
+7%
|
79
+6%
|
78
-1%
|
65
-17%
|
51
-23%
|
35
-31%
|
16
-54%
|
9
-45%
|
6
-28%
|
12
+88%
|
11
-12%
|
10
-9%
|
7
-23%
|
10
+35%
|
13
+32%
|
16
+17%
|
17
+6%
|
17
+2%
|
17
+3%
|
18
+3%
|
18
+3%
|
18
-2%
|
17
-6%
|
10
-40%
|
10
-2%
|
12
+23%
|
15
+24%
|
27
+75%
|
35
+32%
|
46
+30%
|
59
+28%
|
72
+22%
|
89
+24%
|
109
+23%
|
117
+7%
|
115
-2%
|
118
+2%
|
114
-3%
|
101
-12%
|
75
-26%
|
40
-47%
|
4
-90%
|
(16)
N/A
|
(18)
-8%
|
(20)
-12%
|
(14)
+32%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
(4)
|
(4)
|
(4)
|
(5)
|
5
|
4
|
4
|
5
|
0
|
1
|
0
|
0
|
(1)
|
1
|
8
|
1
|
2
|
2
|
3
|
2
|
1
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(6)
|
(9)
|
(7)
|
(6)
|
(6)
|
(9)
|
(4)
|
(4)
|
(5)
|
(7)
|
(5)
|
(4)
|
(4)
|
(5)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
2
|
(1)
|
7
|
12
|
17
|
20
|
23
|
24
|
23
|
18
|
16
|
14
|
11
|
10
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
(24)
|
(22)
|
(96)
|
(74)
|
(75)
|
(77)
|
(3)
|
(1)
|
0
|
(44)
|
(44)
|
(86)
|
(87)
|
(44)
|
(44)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(7)
|
(7)
|
(8)
|
(1)
|
(1)
|
(1)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
3
N/A
|
2
-17%
|
2
N/A
|
3
+13%
|
3
+19%
|
4
+19%
|
4
+13%
|
4
N/A
|
(1)
N/A
|
(3)
-143%
|
(4)
-9%
|
(4)
-14%
|
5
N/A
|
8
+60%
|
10
+36%
|
13
+27%
|
12
-11%
|
12
+7%
|
12
-2%
|
12
-4%
|
323
+2 686%
|
2
-100%
|
390
+24 288%
|
31
-92%
|
57
+82%
|
75
+31%
|
85
+14%
|
75
-12%
|
70
-7%
|
73
+5%
|
52
-29%
|
51
-2%
|
41
-20%
|
(48)
N/A
|
(41)
+15%
|
(63)
-53%
|
(74)
-18%
|
(3)
+97%
|
3
N/A
|
3
+6%
|
(41)
N/A
|
(42)
-5%
|
(82)
-92%
|
(78)
+5%
|
(33)
+58%
|
(32)
+1%
|
11
N/A
|
12
+10%
|
14
+15%
|
15
+9%
|
15
-4%
|
15
+3%
|
8
-45%
|
8
-4%
|
10
+22%
|
13
+31%
|
25
+94%
|
34
+37%
|
45
+35%
|
58
+29%
|
73
+24%
|
91
+25%
|
114
+25%
|
125
+9%
|
127
+2%
|
135
+6%
|
135
+0%
|
124
-9%
|
92
-26%
|
56
-39%
|
15
-72%
|
(8)
N/A
|
(5)
+42%
|
(10)
-109%
|
(5)
+50%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(23)
|
(1)
|
(75)
|
(5)
|
(10)
|
(24)
|
(23)
|
(23)
|
(23)
|
(11)
|
(10)
|
(9)
|
(7)
|
(6)
|
(1)
|
6
|
10
|
10
|
(0)
|
(1)
|
6
|
7
|
10
|
8
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
1
|
(1)
|
(3)
|
(4)
|
(7)
|
(7)
|
(9)
|
(13)
|
(14)
|
(17)
|
(17)
|
(18)
|
(20)
|
(18)
|
(14)
|
(8)
|
(3)
|
1
|
(0)
|
(1)
|
(3)
|
|
| Income from Continuing Operations |
1
|
1
|
2
|
2
|
3
|
3
|
3
|
3
|
(3)
|
(4)
|
(4)
|
(5)
|
4
|
7
|
8
|
10
|
8
|
9
|
9
|
8
|
301
|
1
|
315
|
26
|
48
|
51
|
62
|
51
|
47
|
63
|
43
|
43
|
34
|
(54)
|
(42)
|
(57)
|
(64)
|
8
|
3
|
3
|
(35)
|
(35)
|
(72)
|
(70)
|
(33)
|
(33)
|
8
|
9
|
11
|
12
|
13
|
13
|
8
|
7
|
10
|
12
|
22
|
30
|
39
|
51
|
63
|
78
|
99
|
108
|
110
|
117
|
115
|
105
|
78
|
47
|
13
|
(8)
|
(5)
|
(11)
|
(8)
|
|
| Net Income (Common) |
1
N/A
|
1
-38%
|
2
+220%
|
2
+19%
|
2
+26%
|
3
+13%
|
3
+7%
|
3
-10%
|
(3)
N/A
|
(4)
-54%
|
(4)
N/A
|
(5)
-5%
|
4
N/A
|
7
+48%
|
8
+28%
|
10
+24%
|
8
-22%
|
9
+9%
|
9
-1%
|
8
-2%
|
286
+3 310%
|
1
-100%
|
291
+26 345%
|
20
-93%
|
33
+64%
|
23
-30%
|
29
+25%
|
24
-16%
|
28
+17%
|
57
+103%
|
43
-25%
|
40
-7%
|
30
-24%
|
(60)
N/A
|
(69)
-15%
|
(85)
-24%
|
(93)
-9%
|
(17)
+82%
|
0
N/A
|
4
+1 750%
|
(33)
N/A
|
(35)
-7%
|
(73)
-107%
|
(71)
+3%
|
(34)
+52%
|
(34)
-1%
|
8
N/A
|
9
+15%
|
11
+20%
|
12
+6%
|
13
+8%
|
13
+1%
|
8
-39%
|
7
-10%
|
10
+44%
|
12
+20%
|
22
+76%
|
30
+40%
|
39
+29%
|
51
+32%
|
63
+24%
|
78
+24%
|
99
+27%
|
108
+8%
|
110
+2%
|
117
+7%
|
115
-2%
|
105
-8%
|
78
-26%
|
47
-39%
|
13
-73%
|
(8)
N/A
|
(5)
+37%
|
(11)
-130%
|
(8)
+28%
|
|
| EPS (Diluted) |
0.44
N/A
|
0.16
-64%
|
0.59
+269%
|
0.59
N/A
|
0.8
+36%
|
0.84
+5%
|
0.92
+10%
|
0.81
-12%
|
-0.9
N/A
|
-1.34
-49%
|
-1.33
+1%
|
-1.4
-5%
|
1.39
N/A
|
2.09
+50%
|
2.67
+28%
|
3.12
+17%
|
2.51
-20%
|
2.63
+5%
|
2.6
-1%
|
2.56
-2%
|
16.74
+554%
|
0.32
-98%
|
16.34
+5 006%
|
1.09
-93%
|
1.78
+63%
|
1.27
-29%
|
1.56
+23%
|
1.06
-32%
|
1.2
+13%
|
2.47
+106%
|
1.83
-26%
|
1.59
-13%
|
1.27
-20%
|
-2.52
N/A
|
-2.88
-14%
|
-3.34
-16%
|
-3.44
-3%
|
-0.65
+81%
|
0
N/A
|
0.14
N/A
|
-1.27
N/A
|
-1.31
-3%
|
-3.05
-133%
|
-2.72
+11%
|
-1.27
+53%
|
-1.28
-1%
|
0.31
N/A
|
0.36
+16%
|
0.43
+19%
|
0.46
+7%
|
0.49
+7%
|
0.46
-6%
|
0.3
-35%
|
0.27
-10%
|
0.36
+33%
|
0.34
-6%
|
0.57
+68%
|
0.79
+39%
|
1.02
+29%
|
1.08
+6%
|
1.33
+23%
|
1.63
+23%
|
2.06
+26%
|
2.17
+5%
|
2.22
+2%
|
2.32
+5%
|
2.3
-1%
|
2.12
-8%
|
1.59
-25%
|
0.97
-39%
|
0.25
-74%
|
-0.17
N/A
|
-0.12
+29%
|
-0.27
-125%
|
-0.19
+30%
|
|