RADCOM Delivers 19% YoY Revenue Growth and Margin Expansion in the Second Quarter of 2025
RADCOM (NASDAQ:RDCM) reported strong Q2 2025 financial results with 19.3% year-over-year revenue growth to $17.7 million. The company achieved significant profitability improvements, with GAAP operating income reaching $1.7 million (9.9% of revenue) and non-GAAP operating income of $3.4 million (19.5% of revenue).
The company generated $2.6 million in positive cash flow and ended Q2 with its highest-ever cash position of $101.6 million and no debt. For the first six months of 2025, total revenues grew 18.4% to $34.2 million. RADCOM reaffirmed its full-year 2025 revenue guidance, expecting 15-18% growth with a midpoint of $71.1 million.
RADCOM (NASDAQ:RDCM) ha pubblicato solidi risultati finanziari del secondo trimestre 2025 con una crescita dei ricavi del 19,3% su base annua a $17.7 million. L'azienda ha ottenuto notevoli miglioramenti nella redditivit脿, con l'utile operativo GAAP che ha raggiunto $1.7 million (9,9% dei ricavi) e l'utile operativo non-GAAP di $3.4 million (19,5% dei ricavi).
L'azienda ha generato un flusso di cassa positivo di $2.6 million e ha chiuso il secondo trimestre con la sua posizione di cassa pi霉 alta di sempre, pari a $101.6 million, senza debiti. Nei primi sei mesi del 2025 i ricavi totali sono cresciuti del 18,4% a $34.2 million. RADCOM ha confermato la guidance per l'intero 2025, prevedendo una crescita dei ricavi del 15-18% con un valore centrale di $71.1 million.
RADCOM (NASDAQ:RDCM) inform贸 s贸lidos resultados financieros del segundo trimestre de 2025 con un crecimiento interanual de ingresos del 19,3% hasta $17.7 million. La compa帽铆a logr贸 mejoras significativas en la rentabilidad, con un resultado operativo GAAP de $1.7 million (9,9% de los ingresos) y un resultado operativo non-GAAP de $3.4 million (19,5% de los ingresos).
La empresa gener贸 un flujo de caja positivo de $2.6 million y cerr贸 el segundo trimestre con su mayor posici贸n de efectivo hasta la fecha, de $101.6 million, sin deuda. En los primeros seis meses de 2025, los ingresos totales crecieron un 18,4% hasta $34.2 million. RADCOM reafirm贸 su gu铆a para todo 2025, esperando un crecimiento del 15-18% con un punto medio de $71.1 million.
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须岇偓电� $2.6 million鞚� 旮嶌爼鞝� 順勱笀頋愲鞚� 彀届稖頄堨溂氅� 2攵勱赴 毵� 順勱笀鞛旉碃電� 靷儊 斓滉碃旃橃澑 $101.6 million鞙茧 攵�毂勲姅 鞐嗢棃鞀惦媹雼�. 2025雲� 靸侂皹旮� 齑濍Г於滌潃 18.4% 歃濌皜頃� $34.2 million鞚挫棃鞀惦媹雼�. RADCOM鞚� 2025雲� 鞐瓣皠 毵れ稖 臧�鞚措崢鞀るゼ 鞛檿鞚疙晿氅� 15鈥�18% 靹膘灔鞚� 鞓堨儊頃橁碃 欷戧皠臧掛潉 $71.1 million鞙茧 鞝滌嫓頄堨姷雼堧嫟.
RADCOM (NASDAQ:RDCM) a publi茅 de solides r茅sultats financiers pour le T2 2025 avec une croissance des revenus de 19,3% sur un an 脿 $17.7 million. La soci茅t茅 a nettement am茅lior茅 sa rentabilit茅, le r茅sultat op茅rationnel GAAP atteignant $1.7 million (9,9% des revenus) et le r茅sultat op茅rationnel non-GAAP $3.4 million (19,5% des revenus).
La soci茅t茅 a g茅n茅r茅 un flux de tr茅sorerie positif de $2.6 million et a cl么tur茅 le T2 avec sa tr茅sorerie la plus 茅lev茅e jamais atteinte, soit $101.6 million, sans dette. Pour les six premiers mois de 2025, les revenus totaux ont augment茅 de 18,4% 脿 $34.2 million. RADCOM a r茅affirm茅 ses pr茅visions pour l'ensemble de l'ann茅e 2025, s'attendant 脿 une croissance de 15鈥�18% avec un point m茅dian de $71.1 million.
RADCOM (NASDAQ:RDCM) meldete starke Finanzergebnisse f眉r Q2 2025 mit einem Umsatzwachstum von 19,3% gegen眉ber dem Vorjahr auf $17.7 million. Das Unternehmen verbesserte die Profitabilit盲t deutlich: Das GAAP-Betriebsergebnis erreichte $1.7 million (9,9% des Umsatzes) und das Non-GAAP-Betriebsergebnis $3.4 million (19,5% des Umsatzes).
Das Unternehmen erwirtschaftete einen positiven Cashflow von $2.6 million und schloss das zweite Quartal mit seinem h枚chsten Kassenbestand 眉berhaupt von $101.6 million ab, bei keiner Verschuldung. F眉r die ersten sechs Monate 2025 stiegen die Gesamterl枚se um 18,4% auf $34.2 million. RADCOM bekr盲ftigte die Umsatzprognose f眉r das Gesamtjahr 2025 und erwartet ein Wachstum von 15鈥�18% mit einem Mittelpunkt von $71.1 million.
- Revenue grew 19.3% year-over-year to $17.7 million in Q2 2025
- Non-GAAP operating margin expanded to 19.5% from 15.4% year-over-year
- Generated $2.6 million positive cash flow, reaching record cash levels of $101.6 million
- Strong balance sheet with zero debt
- Reaffirmed full-year guidance of 15-18% revenue growth
- None.
Insights
RADCOM shows impressive 19% revenue growth with expanding margins and record cash position, reinforcing their positive growth trajectory.
RADCOM's Q2 2025 results demonstrate robust financial health with
Profitability metrics show meaningful improvement across the board. GAAP operating margin expanded to
Particularly impressive is RADCOM's cash position, which now exceeds
Diluted EPS showed healthy growth, with GAAP EPS increasing to
The company's reaffirmation of
Continued Growth and Improved Profitability Reinforce Full-Year Outlook
Benny Eppstein, Chief Executive Officer, said,听"RADCOM continues to deliver strong results with
We remain confident in our full-year guidance of
Second Quarter 2025 Financial Highlights:
- Total revenues for the second quarter of 2025 were听
$17 $14 19.3% year-over-year growth. - GAAP operating income听for the second quarter of 2025 was听
$1.7 million 9.9% of revenue, compared to an operating income of$0.9 million 5.9% of revenue for the second quarter of 2024. - Non-GAAP听operating听income听for the second quarter of 2025 was听
$3 19.5% of revenue, compared to non-GAAP听operating听income of$2 15.4% of revenue, for the second quarter of 2024. - GAAP net income for the second quarter of 2025 was听
$2 $0 $1 $0 - Non-GAAP net income听for the second quarter of 2025 was听
$4 $0 $3.1 million $0.20 $2.6 million $101.6 million
First Six Months 2025 Financial Highlights:
- Total听revenues for the first six months of 2025 were听
$34 $28 18.4% year-over-year growth. - GAAP operating income for the first six months of 2025 was听
$3.2 million 9.4% of revenue, compared to operating income of$0.6 million 2.0% of revenue, for the first six months of 2024. - Non-GAAP听operating听income听for the first six months of 2025 was听
$6 19.2% of revenue, compared to non-GAAP operating income of$4.0 million 13.9% of revenue, for the first six months of 2024. - GAAP net income听for the first six months of 2025 was听
$4 $0 $2 $0 - Non-GAAP net income听for the first six months of 2025 was听
$8 $0 $6.0 million $0
Outlook
RADCOM reaffirms its full-year 2025 revenue guidance, anticipating year-over-year growth of
Conference Call and Webinar
RADCOM's management will host an interactive conference call today, Wednesday, August 13, 2025, at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) to discuss the results and answer participants' questions.
- By phone: Dial in at least 5 minutes before the call begins. A replay will be available later the same day at .
- From the US (toll-free): +1-866-652-8972
- From other locations:听+972-3-918-0609 - By webinar: Join the audio webinar at . 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 after the event.
For all investor inquiries, please contact:
Investor Relations:听
Miri Segal
MS-IR LLC
[email protected]
Company Contact:听
Hadar Rahav
CFO
[email protected]
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鈥攆rom 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. Through powerful, data-driven analytics, 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 2025 revenue guidance, the momentum in the Company's business, demand for the Company's products and services and its ability to consistently execute its strategy, traction of the Company's technology and in particular AI capabilities, the Company's relationships with strategic partnerships and continued market shifts, 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 war in
听
听
听
RADCOM Ltd. | |||||||
Consolidated Statements of Operations | |||||||
Unaudited | |||||||
(thousands of | |||||||
Three months ended | Six months ended | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Revenues | $听听听听听听听听听 17,658 | $听听听听 听听听听听14,801 | $听听听听听听听听听听 34,249 | $听听 听听听听听听听听听28,924 | |||
Cost of revenues | 4,367 | 3,794 | 8,459 | 7,545 | |||
Gross profit | 13,291 | 11,007 | 25,790 | 21,379 | |||
Research and development, gross | 4,964 | 4,621 | 9,713 | 9,214 | |||
Less - royalty-bearing participation | - | 180 | 25 | 389 | |||
Research and development, net | 4,964 | 4,441 | 9,688 | 8,825 | |||
Sales and marketing | 4,936 | 4,325 | 9,800 | 8,610 | |||
General and administrative | 1,651 | 1,361 | 3,100 | 3,374 | |||
Total operating expenses | 11,551 | 10,127 | 22,588 | 20,809 | |||
Operating income | 1,740 | 880 | 3,202 | 570 | |||
Financial income, net | 793 | 854 | 1,913 | 1,959 | |||
Income before taxes on income | 2,533 | 1,734 | 5,115 | 2,529 | |||
Taxes on income | 95 | 27 | 237 | 60 | |||
Net income | $听听听听听 听听听听听2,438 | $听听听听听听 听听听听1,707 | $听听听听听听 听听听听4,878 | $听听 听听听听听听听听听听2,469 | |||
Basic net income per ordinary share | $听听听 0.15 | $听听听 0.11 | $ 听听听听听听听听听听听听听0.30 | $ 听听听听听听听听听听听听听听0.16 | |||
Diluted net income per ordinary share | $听听听 0.15 | $听听听 0.11 | $ 听听听听听听听听听听听听听0.29 | $ 听听听听听听听听听听听听听听0.16 | |||
Weighted average number of听 | 16,176,162 | 15,608,402 | 16,095,140 | 15,517,958 | |||
Weighted average number of听 | 16,711,789 | 15,978,799 | 16,686,397 | 15,922,855 | |||
听
听
听
RADCOM Ltd. | |||||||
(thousands of | |||||||
Three听months听ended听 | Six听months听ended | ||||||
June 30, | June 30, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
GAAP gross profit听 | $听 听 听 听 13,291 | $听 听 听 听11,007 | $听 听 听25,790 | $听 听 听21,379 | |||
Stock-based听compensation | 100 | 99 | 199 | 183 | |||
Amortization of intangible assets | 56 | 56 | 111 | 112 | |||
Non-GAAP听gross听profit | $听 听 听 听 13,447 | $听 听 听 听11,162 | $听 听 听26,100 | $听 听 听21,674 | |||
听 GAAP听research听and听development,听net | $听 听 听 听 听 4,964 | $听 听 听 听 听4,441 | $听 听 听 听9,688 | $听 听 听 听8,825 | |||
Stock-based听compensation | 428 | 525 | 887 | 1,062 | |||
Non-GAAP research and development, net听 听 听 听 听 听 听 听 听 听 听 | $听 听 听 听 听 4,536 | $听 听 听 听 听3,916 | $听 听 听 听8,801 | $听 听 听 听7,763 | |||
听 GAAP听sales and听marketing | $听 听 听 听 听 4,936 | $听 听 听 听 听4,325 | $听 听 听 听9,800 | $听 听 听 听8,610 | |||
Stock-based听compensation | 583 | 485 | 1,205 | 989 | |||
Amortization of intangible assets | 28 | 29 | 57 | 58 | |||
Non-GAAP听sales and听marketing | $听 听 听 听 听 4,325 | $听 听 听 听 听 听3,811 | $听 听 听 听8,538 | $听 听 听 听7,563 | |||
听 GAAP听general听and听administrative | $听 听 听 听 听 1,651 | $听 听 听 听 听1,361 | $听 听 听 听3,100 | $听 听 听 听3,374 | |||
Stock-based听compensation | 501 | 202 | 921 | 1,041 | |||
Non-GAAP听general听and听administrative | $听 听 听 听 听 1,150 | $听 听 听 听 听1,159 | $听 听 听 听2,179 | $听 听 听 听2,333 | |||
听 GAAP听total听operating听expenses | $听 听 听 听 11,551 | $听 听 听 听10,127 | $听 听 听22,588 | $听 听 听20,809 | |||
Stock-based听compensation | 1,512 | 1,212 | 3,013 | 3,092 | |||
Amortization of intangible assets | 28 | 29 | 57 | 58 | |||
Non-GAAP听total听operating听expenses | $听 听 听 听 10,011 | $听 听 听 听 听8,886 | $听 听 听 听19,518 | $听 听 听17,659 | |||
听 GAAP听operating听income | $听 听 听 听 听 1,740 | $听 听 听 听 听 听 880 | $听 听 听 听3,202 | $听 听 听 听 听 570 | |||
Stock-based听compensation | 1,612 | 1,311 | 3,212 | 3,275 | |||
Amortization of intangible assets | 84 | 85 | 168 | 170 | |||
Non-GAAP operating income听 听听 | $听 听 听 听 听 听3,436 | $听 听 听 听 听2,276 | $听 听 听 6,582 | $听 听 听 4,015 | |||
听
听
听
RADCOM LTD. Reconciliation of GAAP to Non-GAAP Financial Information Unaudited | |||||||
(thousands of | |||||||
Three months ended June 30, | Six months ended June 30, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
听 GAAP听income before听taxes听on听income | $听听听听听听听听听听听听听听 2,533 | $听听听听听听听听听听听听听听 1,734 | $ 听听听听听听听听听听听听听听5,115 | $ 听听听听听听听听听听听听听听2,529 | |||
Stock-based听compensation | 1,612 | 1,311 | 3,212 | 3,275 | |||
Amortization of intangible assets | 84 | 85 | 168 | 170 | |||
Financial expenses | 21 | 34 | 27 | 71 | |||
Non-GAAP income听before taxes听on听income | $听听听听听听听听听听听听听 4,250 | $ 听听听听听听听听听听听听听听3,164 | $ 听听听听听听听听听听听听听听8,522 | $ 听听听听听听听听听听听听听听6,045 | |||
听 GAAP听net income听 | $听听听听听听听听听听听听听 2,438 | $听听听听听听听听 听听听听听听1,707 | $ 听听听听听听听听听听听听听听4,878 | $ 听听听听听听听听听听听听听听2,469 | |||
Stock-based听compensation | 1,612 | 1,311 | 3,212 | 3,275 | |||
Amortization of intangible assets | 84 | 85 | 168 | 170 | |||
Financial expenses | 21 | 34 | 27 | 71 | |||
Non-GAAP听net听income | $听听听听听听听听听听听听听 4,155 | $听听听听听听 听听听听听听听听3,137 | $ 听听听听听听听听听听听听听听8,285 | $ 听听听听听听听听听听听听听听5,985 | |||
听 GAAP听net income per听diluted听share | $听听听听听听听听听听听听听听听 0.15 | $听听听听听听 听听听听听听听听听听0.11 | $ 听听听听听听听听听听听听听听听听0.29 | $ 听听听听听听听听听听听听听听听听0.16 | |||
Stock-based听compensation | 0.10 | 0.08 | 0.20 | 0.21 | |||
Amortization of intangible assets | (*) | 0.01 | 0.01 | 0.01 | |||
Financial expenses | (*) | (*) | (*) | (*) | |||
Non-GAAP听net听income听per听diluted听share | $听听听听听听听听听听听听听听听 0.25 | $听听听听听听听听听听听听听听听 0.20 | $ 听听听听听听听听听听听听听听听听0.50 | $ 听听听听听听听听听听听听听听听听0.38 | |||
听 Weighted听average听number听of听shares听used | 16,711,789 | 15,978,799 | 16,686,397 | 15,922,855 | |||
(*) Less than | |||||||
听
听
听
RADCOM Ltd. Consolidated Balance Sheets (Unaudited) | |||
(thousands of | |||
As of | As of | ||
June 30, 2025 | December 31, 2024 | ||
Current Assets | |||
听 听 Cash and cash equivalents | $听听听听听听听听听听听听听听听听听 21,910 | $听听听听听听听听听听听听听听听听 19,243 | |
听 听 Short-term bank deposits | 79,722 | 75,429 | |
听 听 Trade receivables, net | 18,603 | 19,038 | |
听 听 Inventories听 | 1,218 | 1,667 | |
听 听 Other accounts receivable and prepaid expenses | 1,993 | 1,819 | |
| 123,446 | 117,196 | |
Non-Current Assets | |||
听 听 Severance pay fund | 3,243 | 2,985 | |
听 听 Other long-term receivables | 3,053 | 3,484 | |
听 听 Property and equipment, net | 889 | 879 | |
听 听 Operating lease right-of-use assets | 3,314 | 3,421 | |
听 听 Goodwill and intangible assets, net | 2,440 | 2,609 | |
| 12,939 | 13,378 | |
Total Assets | $听听听听听听听听听听听听 136,385 | $听听听听听 听听听听听听听听听130,574 | |
Liabilities and Shareholders' Equity | |||
Current Liabilities听 | |||
听 听 Trade payables听 | $听听听听听听听听听听听听听听听听听听听 3,689 | $听听听听听听听 听听听听听听听听听听听2,457 | |
听 听 Deferred revenues and advances from customers | 4,807 | 6,848 | |
听 听 Employee and payroll accruals听 | 6,106 | 7,175 | |
听 听 Operating lease liabilities | 1,026 | 966 | |
听 听 Other liabilities and accrued expenses | 9,171 | 10,463 | |
| 24,799 | 27,909 | |
Non-Current Liabilities听 | |||
听 听 Accrued severance pay听听听听听听听 | 4,330 | 3,868 | |
听 听 Operating lease liabilities | 2,520 | 2,438 | |
听 听 Other liabilities and accrued expenses | 656 | 683 | |
| 7,506 | 6,989 | |
Total Liabilities | $听听听听听听听听听听听听听听听听听 32,305 | $听听听听听 听听听听听听听听听听听34,898 | |
Shareholders' Equity听 | |||
听 听 Share capital听 | $听听听听听听听听听听听听听听听听听听听听听听 789 | $听听听听听 听听听听听听听听听听听听听听听听769 | |
听 听 Additional paid-in capital | 164,221 | 160,761 | |
听 听 Accumulated other comprehensive loss | (2,864) | (2,910) | |
听 听 Accumulated deficit | (58,066) | (62,944) | |
Total Shareholders' Equity | 104,080 | 95,676 | |
| $听听听听听听听听听听听听 136,385 | $听听听听听听听听听听听听听听 130,574 | |
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SOURCE RADCOM Ltd.
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