Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Q4 2025 Earnings Presentation
9 slides from Ceragon Networks's earnings presentation, Feb 17, 2026
Slide 1: Q4 2025 Financial Review
Q4 2025 Financial Review February 2026 Proprietary & Confidential | 1 ‹#›
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Ceragon Networks Ltd. (“Ceragon” or the “Company”) for informational purposes only. This presentation and the information contained herein are proprietary to the Company and may not be reproduced (in whole or in part) nor summarized, used, distribute
Slide 3: Revenues - Geographic Split
Revenues- Geographic Split Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 North America 23% 32% 26% 26% 27% 33% 24% 24% 12% 20% 33% 41% 39% India 29% 24% 31% 34% 34% 29% 37% 49% 52% 48% 30% 29% 30% EMEA 20% 20% 17% 15% 19% 17% 20% 14% 15% 14% 17% 12% 15% Latin America
Slide 4: Non-GAAP Profit & Loss
NON-GAAP Profit & Loss (U.S. dollars in thousands, except share and per share data) Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Revenues 75,531 83,409 86,151 87,260 90,359 88,498 96,088 102,672 106,932 88,652 82,262 85,484 82,330 Cost of Revenues 50,551 55,053 55,74
Slide 5: Selected Cash Flow Data
Selected Cash Flow Data (U.S. dollars in thousands) Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Total cash & cash equivalents 22,948 26,423 24,529 33,966 28,237 28,783 26,303 34,014 35,311 27,688 29,216 42,987 38,368 Cash flow from operations (8,503) 3,509 3,181 13,
Slide 6: Selected Balance Sheet Data
Selected Balance Sheet Data (U.S. dollars in thousands, except DSO & DIO data) Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Cash and Cash Equivalents 22,948 26,423 24,529 33,966 28,237 28,783 26,303 34,014 35,311 27,688 29,216 42,987 38,368 Trade Receivables 100,034
Slide 7: Reported results – Reconciliation to GAAP
Reported results – Reconciliation to GAAP (U.S. dollars in thousands, except share and per share data) Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Non GAAP Net income (loss) (12,527) 3,633 4,400 4,964 3,742 4,743 9,936 14,053 7,650 2,577 2,454 1,735 1,446 Stock base
Slide 8: Quarterly Revenues and Non-GAAP Net Income (Loss)
Quarterly Revenues and Non-GAAP Net Income (Loss) Proprietary & Confidential | 8
Slide 9: Thank You
THANK YOU DELIVERING CONNECTIVITY EVERYWHERE 9