Perion Network (PERI)
Nasdaq Market Closed
Perion Network Ltd. is a digital advertising technology company that helps brands, agencies, and publishers reach audiences across multiple online channels. The company operates at the intersection of search, display, video, social, digital audio, connected TV, and digital out-of-home advertising, giving marketers tools to plan and deliver campaigns across fragmented media environments.
Perion’s business is built around performance and high-impact advertising solutions. It provides technology that connects advertisers with consumers while helping publishers monetize their inventory. Its offerings include creative formats, audience targeting, campaign optimization, and measurement capabilities. The company has also been known for its search advertising activity, including partnerships that allow it to generate revenue from search queries and related advertising placements.
The advertising market in which Perion operates is highly competitive and changes quickly as budgets shift between desktop, mobile, streaming, social platforms, and retail media. Perion’s positioning is based on combining search monetization with broader display and video capabilities rather than relying on a single channel. This can help advertisers run campaigns that span awareness, engagement, and performance objectives.
Geographically, the United States is Perion’s largest revenue market, reflecting the depth of US digital ad spending and the company’s relationships with agencies, brands, and media partners. It also serves customers in other international markets. As an adtech company, Perion’s results are influenced by advertising demand, traffic acquisition costs, privacy rules, platform policies, and the effectiveness of its technology in delivering measurable returns for advertisers.
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Income Statement
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Revenue | 439.93M | 498.29M | 743.16M | 640.26M | 478.5M |
| Cost of revenue | 51.8M | 46.64M | 37.85M | 30.4M | 25.2M |
| Gross profit | 388.13M | 451.64M | 705.3M | 609.86M | 453.3M |
| Operating income | -14.9M | -3.04M | 114.29M | 107.42M | 45.9M |
| EBITDA | 4.1M | 20.29M | 128.38M | 117.44M | 343.81M |
| Net income | -7.93M | 12.61M | 114.96M | 97.48M | 38.71M |
| Income taxes | 2.96M | 2.87M | 20.28M | 14.44M | 6.61M |
| Other operating expenses | 1.32M | 8.44M | 18.69M | -3.82M | 285.77M |
| Total operating expenses | 403.03M | 454.68M | 591.01M | 502.44M | 407.41M |
| Basic EPS | -0.19 | 0.27 | 2.44 | 2.17 | 1.13 |
| Diluted EPS | -0.19 | 0.25 | 2.3 | 2.03 | 1.02 |
Balance Sheet
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Total assets | 913.76M | 915.53M | 1.08B | 870.22M | 713.23M |
| Total liabilities | 237.75M | 192.59M | 359.12M | 287.08M | 246.27M |
| Total equity | 676.01M | 722.94M | 718.15M | 583.13M | 466.96M |
| Cash & equivalents | 90M | 156.23M | 187.61M | 176.23M | 104.45M |
| Current assets | 518.61M | 560.33M | 725.25M | 602.16M | 445.08M |
| Current liabilities | 188.58M | 161.85M | 340.03M | 234.61M | 193.71M |
| Accounts payable | 129.88M | 122.01M | 217.18M | 155.85M | 107.73M |
| Receivables | 187.87M | 164.36M | 231.54M | 160.49M | 115.36M |
| Goodwill | 266.07M | 247.09M | 247.98M | 195.53M | 189.27M |
| Long-term debt | 10.38M | — | — | — | 33.25M |
Cash Flow
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Operating cash flow | 41.93M | 6.94M | 155.46M | 122.12M | 71.11M |
| Investing cash flow | -37.4M | 62.6M | -133.35M | -46.82M | -243.47M |
| Financing cash flow | -71.05M | -100.91M | -10.82M | -3.26M | 229.05M |
| Change in cash | -66.19M | -31.59M | 11.43M | 71.99M | 56.66M |
| Net income | -7.93M | 12.61M | 114.96M | 97.48M | 38.71M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| form 4 | Form 4 — Marcus Joy Sharon | View Filing | |
| form 4 | Form 4 — Kaplan Eyal | View Filing | |
| form 4 | Form 4 — VORHAUS MICHAEL | View Filing | |
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | 144 — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| form 4 | Form 4 — Yap Stephen Moore | View Filing | |
| edgar index | 6-K — Perion Network Ltd. | View Filing | |
| edgar index | S-8 — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| edgar index | 4 — Perion Network Ltd. | View Filing | |
| edgar index | 144 — Perion Network Ltd. | View Filing | |
| edgar index | 144 — Perion Network Ltd. | View Filing | |
| edgar index | 144/A — Perion Network Ltd. | View Filing | |
| edgar index | 144/A — Perion Network Ltd. | View Filing | |
| form 4 | Form 4 — Kaplan Eyal | View Filing | |
| form 4 | Form 4 — Marcus Joy Sharon | View Filing | |
| form 4 | Form 4 — VORHAUS MICHAEL | View Filing | |
| edgar index | 144 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| form 3 | Form 3 — Yap Stephen Moore | View Filing | |
| form 3 | Form 3 — Yap Stephen Moore | View Filing | |
| form 3 | Form 3 — Yap Stephen Moore | View Filing | |
| form 3 | Form 3 — Yap Stephen Moore | View Filing | |
| form 3 | Form 3 — Yap Stephen Moore | View Filing | |
| form 3 | Form 3 — Yap Stephen Moore | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| edgar index | 3 — Perion Network Ltd. | View Filing | |
| form 3 | Form 3 — Guy Amir | View Filing | |
| form 3 | Form 3 — Guy Amir | View Filing | |
| form 3 | Form 3 — Kaplan Eyal | View Filing | |
| form 3 | Form 3 — Kaplan Eyal | View Filing | |
| form 3 | Form 3 — Kaplan Eyal | View Filing | |
| form 3 | Form 3 — Marcus Joy Sharon | View Filing | |
| form 3 | Form 3 — Marcus Joy Sharon | View Filing | |
| form 3 | Form 3 — Drayman Michal | View Filing | |
| form 3 | Form 3 — Drayman Michal | View Filing | |
| form 3 | Form 3 — VORHAUS MICHAEL | View Filing | |
| form 3 | Form 3 — VORHAUS MICHAEL | View Filing | |
| form 3 | Form 3 — SCHWARTZ RAMI | View Filing | |
| form 3 | Form 3 — SCHWARTZ RAMI | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Jacobson Tal Reuven | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing | |
| form 3 | Form 3 — Tzubery Elad | View Filing |
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