Symbols / PERI $9.80 -0.71% Perion Network Ltd.

Communication Services • Internet Content & Information • Israel • NMS
PERI Chart
About

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and retailers in the United States and internationally. It offers Perion One, a platform that offers seamless, streamlined experience for supply and demand side customers; Outmax AI Agent, an production-grade AI execution agent; Buying Technologies, designed to assist advertisers with campaign planning, design, activation, and optimization by providing data-driven recommendations and automations; Creative Platform, a technology platform enables the automation of high impact ad unit production across all formats; Supply Technology & SODA, Supply Management set of technologies designed to facilitate relationships with publishers by treating impressions in an optimal manner; Supply Optimization & Demand Amplification, an AI solution that helps publishers improve the monetization of inventory; Search Advertising Technology, a publisher management system that provides publishers access to online dashboard; and Agentic Development. Further, the company provides a publisher management system that provides analytics and performance optimization tools, as well as reports; search-demand management systems; monetization products that deliver algorithmic search results concurrently with sponsored listings; and AI systems. The company was formerly known as IncrediMail Ltd. and changed its name to Perion Network Ltd. in November 2011. Perion Network Ltd. was incorporated in 1999 and is headquartered in Tel Aviv-Yafo, Israel.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Internet Content & Infor Market Cap 404.77M
Enterprise Value 97.64M Income -7.93M Sales 439.93M
Book/sh 17.32 Cash/sh 7.96 Dividend Yield —
Payout 0.00% Employees 511 IPO —
P/E — Forward P/E 6.80 PEG —
P/S 0.92 P/B 0.57 P/C —
EV/EBITDA -11.69 EV/Sales 0.22 Quick Ratio 2.65
Current Ratio 2.76 Debt/Eq 3.31 LT Debt/Eq —
EPS (ttm) -0.19 EPS next Y 1.44 EPS Growth 77.10%
Revenue Growth 5.80% Earnings 2026-05-13 ROA -0.93%
ROE -1.13% ROIC — Gross Margin 34.47%
Oper. Margin 7.60% Profit Margin -1.80% Shs Outstand 39.33M
Shs Float 38.72M Short Float 1.54% Short Ratio 1.31
Short Interest — 52W High 11.79 52W Low 7.00
Beta 1.35 Avg Volume 402.20K Volume 171.65K
Target Price $14.12 Recom None Prev Close $9.87
Price $9.80 Change -0.71%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$14.13
Mean price target
2. Current target
$9.80
Latest analyst target
3. DCF / Fair value
$19.89
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.80
Low
$14.00
High
$14.50
Mean
$14.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-20 init Canaccord Genuity — → Buy $14
2025-11-13 main Lake Street Buy → Buy $15
2025-11-13 reit Roth Capital Buy → Buy $15
2025-07-01 main Lake Street Buy → Buy $14
2025-05-14 up Roth MKM Neutral → Buy $14
2025-05-14 main Lake Street Buy → Buy $13
2025-05-14 reit Needham Hold → Hold —
2025-04-17 reit Needham Hold → Hold —
2025-02-20 main Lake Street Buy → Buy $11
2025-02-20 reit Needham Hold → Hold —
2025-02-19 main Lake Street Buy → Buy $11
2025-01-21 reit Needham Hold → Hold —
2024-11-07 reit Needham — → Hold —
2024-10-14 main Stifel Hold → Hold $8
2024-08-01 reit Needham — → Hold —
2024-06-11 main Lake Street Hold → Hold $10
2024-06-10 down Oppenheimer Outperform → Perform —
2024-06-10 down Needham Buy → Hold —
2024-05-09 reit Needham Buy → Buy $18
2024-04-09 down Roth MKM Buy → Neutral $13
News
RSS: Latest PERI news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
439.93
-11.71%
498.29
-32.95%
743.15
+16.07%
640.26
Operating Revenue
439.93
-11.71%
498.29
-32.95%
743.15
+16.07%
640.26
Cost Of Revenue
288.28
-13.33%
332.61
-29.35%
470.80
+16.82%
403.00
Reconciled Cost Of Revenue
288.28
-13.33%
332.61
-29.35%
470.80
+16.82%
403.00
Gross Profit
151.64
-8.47%
165.68
-39.17%
272.36
+14.80%
237.25
Operating Expense
165.22
+3.08%
160.28
+15.00%
139.38
+4.28%
133.65
Research And Development
34.65
-5.46%
36.66
+8.19%
33.88
-2.14%
34.62
Selling General And Administration
112.89
+5.32%
107.19
+17.28%
91.40
+7.29%
85.19
Selling And Marketing Expense
76.49
+11.67%
68.50
+15.43%
59.34
+3.29%
57.45
General And Administrative Expense
36.40
-5.93%
38.70
+20.69%
32.06
+15.56%
27.75
Salaries And Wages
—
18.99
—
—
Other Gand A
36.40
-5.93%
38.70
+20.69%
32.06
+15.56%
27.75
Total Expenses
453.51
-7.99%
492.89
-19.22%
610.17
+13.70%
536.66
Operating Income
-13.58
-351.57%
5.40
-95.94%
132.98
+28.36%
103.60
Total Operating Income As Reported
-14.90
-390.52%
-3.04
-102.66%
114.29
+6.40%
107.42
EBITDA
13.37
-58.10%
31.92
-78.63%
149.33
+18.75%
125.76
Normalized EBITDA
16.71
-59.65%
41.43
-75.43%
168.59
+37.96%
122.20
Reconciled Depreciation
17.68
+7.56%
16.43
+16.62%
14.09
+1.84%
13.84
EBIT
-4.30
-127.81%
15.48
-88.55%
135.24
+20.84%
111.92
Total Unusual Items
-3.34
+64.86%
-9.51
+50.62%
-19.26
-642.26%
3.55
Total Unusual Items Excluding Goodwill
-3.34
+64.86%
-9.51
+50.62%
-19.26
-642.26%
3.55
Special Income Charges
-1.91
+77.37%
-8.44
+54.87%
-18.69
-589.88%
3.82
Impairment Of Capital Assets
—
1.98
—
—
Restructuring And Mergern Acquisition
1.91
-77.37%
8.44
-54.87%
18.69
+589.88%
-3.82
Net Income
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Pretax Income
-4.97
-132.13%
15.48
-88.55%
135.24
+20.84%
111.92
Net Non Operating Interest Income Expense
11.95
-39.03%
19.59
-8.94%
21.52
+351.49%
4.77
Interest Expense Non Operating
0.67
0.00
0.00
0.00
Net Interest Income
11.95
-39.03%
19.59
-8.94%
21.52
+351.49%
4.77
Interest Expense
0.67
0.00
0.00
0.00
Interest Income Non Operating
13.51
-33.27%
20.25
-7.45%
21.88
+338.11%
4.99
Interest Income
13.51
-33.27%
20.25
-7.45%
21.88
+338.11%
4.99
Other Income Expense
-3.34
+64.86%
-9.51
+50.62%
-19.26
-642.26%
3.55
Gain On Sale Of Security
-1.43
-33.30%
-1.07
-89.59%
-0.57
-114.77%
-0.26
Tax Provision
2.96
+3.17%
2.87
-85.86%
20.28
+40.44%
14.44
Tax Rate For Calcs
0.00
+24.16%
0.00
+23.55%
0.00
+16.22%
0.00
Tax Effect Of Unusual Items
-0.77
+56.37%
-1.76
+38.99%
-2.89
-730.21%
0.46
Net Income Including Noncontrolling Interests
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Net Income From Continuing Operation Net Minority Interest
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Net Income From Continuing And Discontinued Operation
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Net Income Continuous Operations
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Normalized Income
-5.36
-126.32%
20.36
-84.50%
131.34
+39.15%
94.39
Net Income Common Stockholders
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Diluted EPS
—
0.25
-89.32%
2.34
+13.59%
2.06
Basic EPS
—
0.27
-89.16%
2.49
+12.67%
2.21
Basic Average Shares
—
47.28
+0.33%
47.13
+5.03%
44.87
Diluted Average Shares
—
49.56
-1.03%
50.07
+4.17%
48.07
Diluted NI Availto Com Stockholders
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Depreciation Amortization Depletion Income Statement
17.68
+7.56%
16.43
+16.62%
14.09
+1.84%
13.84
Depreciation And Amortization In Income Statement
17.68
+7.56%
16.43
+16.62%
14.09
+1.84%
13.84
Total Other Finance Cost
0.89
+37.23%
0.65
+82.07%
0.36
+57.27%
0.23
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
913.76
-0.19%
915.53
-15.01%
1,077.27
+23.79%
870.22
Current Assets
519.78
-7.42%
561.47
-22.73%
726.59
+20.40%
603.46
Cash Cash Equivalents And Short Term Investments
312.90
-16.19%
373.33
-21.02%
472.68
+10.02%
429.63
Cash And Cash Equivalents
90.00
-42.39%
156.23
-16.73%
187.61
+6.46%
176.23
Other Short Term Investments
222.91
+2.67%
217.11
-23.84%
285.07
+12.50%
253.40
Receivables
187.87
+14.31%
164.36
-29.01%
231.54
+44.27%
160.49
Accounts Receivable
187.87
+14.31%
164.36
-29.01%
231.54
+44.27%
160.49
Gross Accounts Receivable
194.24
+16.38%
166.90
-28.56%
233.63
+43.66%
162.62
Allowance For Doubtful Accounts Receivable
-6.37
-150.79%
-2.54
-21.38%
-2.09
+2.01%
-2.13
Prepaid Assets
—
—
—
—
Restricted Cash
1.18
+3.70%
1.13
-15.31%
1.34
+3.40%
1.29
Other Current Assets
17.83
-21.24%
22.64
+7.63%
21.03
+74.56%
12.05
Total Non Current Assets
393.98
+11.27%
354.06
+0.96%
350.68
+31.46%
266.76
Net PPE
28.86
-0.92%
29.12
+197.56%
9.79
-28.77%
13.74
Gross PPE
56.50
+3.12%
54.80
+56.49%
35.02
-11.85%
39.72
Accumulated Depreciation
-27.65
-7.70%
-25.67
-1.76%
-25.23
+2.89%
-25.98
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
25.10
+14.09%
22.00
+3.16%
21.33
+0.65%
21.19
Other Properties
17.17
-15.03%
20.21
+205.78%
6.61
-34.76%
10.13
Leases
14.23
+13.08%
12.59
+77.82%
7.08
-15.74%
8.40
Goodwill And Other Intangible Assets
355.24
+12.42%
316.00
-6.13%
336.63
+36.18%
247.19
Goodwill
266.07
+7.68%
247.09
-0.36%
247.97
+26.82%
195.53
Other Intangible Assets
89.17
+29.39%
68.92
-22.26%
88.65
+71.59%
51.66
Non Current Deferred Assets
9.27
+8.79%
8.52
+103.76%
4.18
-27.67%
5.78
Non Current Deferred Taxes Assets
9.27
+8.79%
8.52
+103.76%
4.18
-27.67%
5.78
Other Non Current Assets
0.62
+49.04%
0.42
+389.41%
0.09
+73.47%
0.05
Total Liabilities Net Minority Interest
237.75
+23.45%
192.59
-46.37%
359.12
+25.09%
287.08
Current Liabilities
188.58
+16.52%
161.85
-52.40%
340.03
+44.93%
234.61
Payables And Accrued Expenses
165.95
+7.98%
153.69
-40.66%
258.98
+34.48%
192.59
Payables
129.88
+6.46%
122.00
-43.82%
217.18
+39.35%
155.85
Accounts Payable
129.88
+6.46%
122.00
-43.82%
217.18
+39.35%
155.85
Current Accrued Expenses
36.07
+13.83%
31.69
-24.20%
41.80
+13.81%
36.73
Pensionand Other Post Retirement Benefit Plans Current
—
—
—
20.79
Current Debt And Capital Lease Obligation
2.32
-36.29%
3.65
-13.10%
4.20
+7.64%
3.90
Current Capital Lease Obligation
2.32
-36.29%
3.65
-13.10%
4.20
+7.64%
3.90
Current Deferred Liabilities
1.21
-41.14%
2.05
-10.80%
2.30
-3.37%
2.38
Current Deferred Revenue
1.21
-41.14%
2.05
-10.80%
2.30
-3.37%
2.38
Other Current Liabilities
19.10
+676.42%
2.46
-96.70%
74.55
+108.55%
35.75
Total Non Current Liabilities Net Minority Interest
49.17
+59.98%
30.74
+61.00%
19.09
-63.62%
52.48
Long Term Debt And Capital Lease Obligation
20.03
+7.40%
18.65
+441.01%
3.45
-54.51%
7.58
Long Term Capital Lease Obligation
20.03
+7.40%
18.65
+441.01%
3.45
-54.51%
7.58
Non Current Deferred Liabilities
7.40
0.00
—
—
Non Current Deferred Taxes Liabilities
7.40
0.00
—
—
Other Non Current Liabilities
21.74
+79.94%
12.08
-22.76%
15.64
-65.16%
44.90
Stockholders Equity
676.01
-6.49%
722.94
+0.67%
718.15
+23.15%
583.13
Common Stock Equity
676.01
-6.49%
722.94
+0.67%
718.15
+23.15%
583.13
Capital Stock
0.34
-12.79%
0.39
-5.33%
0.41
+3.77%
0.40
Common Stock
0.34
-12.79%
0.39
-5.33%
0.41
+3.77%
0.40
Share Issued
39.14
-12.91%
44.94
-6.58%
48.11
+3.93%
46.29
Ordinary Shares Number
39.02
-12.94%
44.83
-6.60%
47.99
+3.94%
46.17
Treasury Shares Number
0.12
+0.00%
0.12
+0.00%
0.12
+0.00%
0.12
Additional Paid In Capital
487.72
-7.48%
527.15
-1.43%
534.82
+4.14%
513.53
Retained Earnings
188.68
-4.03%
196.62
+6.86%
184.00
+159.94%
70.79
Gains Losses Not Affecting Retained Earnings
0.27
+224.19%
-0.21
-159.04%
-0.08
+85.74%
-0.58
Treasury Stock
1.00
+0.00%
1.00
+0.00%
1.00
+0.00%
1.00
Other Equity Adjustments
0.27
+224.19%
-0.21
-159.04%
-0.08
+85.74%
-0.58
Total Equity Gross Minority Interest
676.01
-6.49%
722.94
+0.67%
718.15
+23.15%
583.13
Total Capitalization
676.01
-6.49%
722.94
+0.67%
718.15
+23.15%
583.13
Working Capital
331.20
-17.12%
399.62
+3.38%
386.56
+4.80%
368.85
Invested Capital
676.01
-6.49%
722.94
+0.67%
718.15
+23.15%
583.13
Total Debt
22.36
+0.25%
22.30
+191.68%
7.65
-33.40%
11.48
Capital Lease Obligations
22.36
+0.25%
22.30
+191.68%
7.65
-33.40%
11.48
Net Tangible Assets
320.77
-21.17%
406.94
+6.66%
381.52
+13.57%
335.94
Tangible Book Value
320.77
-21.17%
406.94
+6.66%
381.52
+13.57%
335.94
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
41.93
+504.22%
6.94
-95.54%
155.46
+27.30%
122.12
Cash Flow From Continuing Operating Activities
41.93
+504.22%
6.94
-95.54%
155.46
+27.30%
122.12
Net Income From Continuing Operations
-7.93
-162.89%
12.61
-89.03%
114.96
+17.94%
97.48
Depreciation Amortization Depletion
17.68
+7.56%
16.43
+16.62%
14.09
+1.84%
13.84
Depreciation
2.42
—
—
—
Amortization Cash Flow
15.25
—
—
—
Depreciation And Amortization
17.68
+7.56%
16.43
+16.62%
14.09
+1.84%
13.84
Amortization Of Intangibles
15.25
—
—
—
Other Non Cash Items
10.32
+252.85%
2.92
-78.66%
13.70
+229.90%
-10.55
Pension And Employee Benefit Expense
-1.03
-450.17%
0.29
+207.66%
-0.27
-158.49%
-0.11
Stock Based Compensation
31.12
+14.35%
27.21
+50.84%
18.04
+35.48%
13.32
Deferred Tax
-1.53
+27.60%
-2.11
-222.48%
-0.65
+54.20%
-1.43
Deferred Income Tax
-1.53
+27.60%
-2.11
-222.48%
-0.65
+54.20%
-1.43
Operating Gains Losses
-1.56
-615.23%
0.30
+192.07%
-0.33
-234.69%
-0.10
Unrealized Gain Loss On Investment Securities
—
—
—
—
Net Foreign Currency Exchange Gain Loss
-0.48
-1007.55%
0.05
+296.30%
-0.03
-235.00%
0.02
Gain Loss On Sale Of PPE
-0.04
+8.70%
-0.05
-70.37%
-0.03
-125.00%
-0.01
Change In Working Capital
-5.55
+88.72%
-49.18
-1433.55%
-3.21
-133.54%
9.56
Change In Receivables
-22.98
-134.78%
66.06
+1339.69%
-5.33
+88.22%
-45.24
Changes In Account Receivables
-22.98
-134.78%
66.06
+1339.69%
-5.33
+88.22%
-45.24
Change In Prepaid Assets
3.50
+164.14%
-5.46
-1160.28%
-0.43
+0.23%
-0.43
Change In Payables And Accrued Expense
11.71
+110.59%
-110.59
-2892.10%
3.96
-93.11%
57.51
Change In Accrued Expense
3.09
+121.72%
-14.23
-387.93%
-2.92
-131.30%
9.32
Change In Payable
8.62
+108.94%
-96.36
-1501.02%
6.88
-85.73%
48.19
Change In Account Payable
8.62
+108.94%
-96.36
-1501.02%
6.88
-85.73%
48.19
Change In Other Working Capital
-0.89
-258.47%
-0.25
+77.31%
-1.09
+25.85%
-1.47
Change In Other Current Assets
3.42
-29.78%
4.88
+33.48%
3.65
+230.89%
1.10
Change In Other Current Liabilities
-0.32
+91.68%
-3.82
+3.68%
-3.97
-107.75%
-1.91
Investing Cash Flow
-37.40
-159.74%
62.60
+146.94%
-133.35
-184.85%
-46.82
Cash Flow From Continuing Investing Activities
-37.40
-159.74%
62.60
+146.94%
-133.35
-184.85%
-46.82
Net PPE Purchase And Sale
-3.76
+44.95%
-6.83
-770.66%
-0.78
+25.05%
-1.05
Purchase Of PPE
-3.80
+44.70%
-6.87
-747.35%
-0.81
+23.35%
-1.06
Sale Of PPE
0.04
-8.70%
0.05
+70.37%
0.03
+125.00%
0.01
Capital Expenditure
-5.74
+16.44%
-6.87
-747.35%
-0.81
+23.35%
-1.06
Capital Expenditure Reported
-1.94
0.00
0.00
—
Net Investment Purchase And Sale
-5.13
-107.39%
69.43
+326.53%
-30.65
+15.33%
-36.20
Purchase Of Investment
-210.37
-17.63%
-178.84
+43.85%
-318.48
-25.68%
-253.40
Sale Of Investment
205.24
-17.33%
248.26
-13.75%
287.83
+32.52%
217.20
Net Business Purchase And Sale
-26.57
0.00
+100.00%
-101.92
-965.01%
-9.57
Purchase Of Business
-26.57
0.00
+100.00%
-101.92
-965.01%
-9.57
Financing Cash Flow
-71.05
+29.59%
-100.91
-832.39%
-10.82
-232.20%
-3.26
Cash Flow From Continuing Financing Activities
-71.05
+29.59%
-100.91
-832.39%
-10.82
-232.20%
-3.26
Net Issuance Payments Of Debt
-0.45
0.00
0.00
0.00
Repayment Of Debt
-0.45
0.00
0.00
0.00
Long Term Debt Payments
-0.45
0.00
0.00
0.00
Net Long Term Debt Issuance
-0.45
0.00
0.00
0.00
Net Common Stock Issuance
-71.21
-51.77%
-46.92
0.00
0.00
Common Stock Payments
-71.21
-51.77%
-46.92
0.00
0.00
Repurchase Of Capital Stock
-71.21
-51.77%
-46.92
0.00
0.00
Proceeds From Stock Option Exercised
0.61
+11.88%
0.55
-77.52%
2.43
-58.29%
5.83
Net Other Financing Charges
—
-54.54
-311.44%
-13.26
-45.81%
-9.09
Changes In Cash
-66.52
-112.04%
-31.37
-377.97%
11.29
-84.33%
72.05
Effect Of Exchange Rate Changes
0.33
+255.61%
-0.21
-251.77%
0.14
+338.98%
-0.06
Beginning Cash Position
157.36
-16.72%
188.95
+6.44%
177.52
+68.21%
105.53
End Cash Position
91.17
-42.06%
157.36
-16.72%
188.95
+6.44%
177.52
Free Cash Flow
36.19
+53907.46%
0.07
-99.96%
154.65
+27.75%
121.06
Interest Paid Supplemental Data
0.09
+553.85%
0.01
+116.67%
0.01
+20.00%
0.01
Income Tax Paid Supplemental Data
8.35
-36.26%
13.10
-27.35%
18.03
+134.49%
7.69
Amortization Of Securities
-0.62
+50.44%
-1.26
-9.59%
-1.15
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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