Radcom Posts Record $71.5M Revenue, 17.2% Growth and 20.6% Margin
Radcom delivered a record $71.5 million in 2025 revenue, up 17.2% year-over-year, exceeding guidance midpoint, and achieved its highest annual non-GAAP operating margin of 20.6%. The company ended the year with $109.9 million in cash, zero debt and generated $15.2 million of positive cash flow.
1. Full-Year 2025 Performance
Radcom achieved a record $71.5 million in full-year revenue, marking 17.2% growth over 2024. GAAP operating income rose to $8.3 million (11.6% of revenue) while non-GAAP operating income reached $14.8 million (20.6%), and GAAP net income climbed to $12.0 million, or $0.71 per share.
2. Q4 2025 Highlights
In the fourth quarter, Radcom generated $18.9 million in revenue, up 15.9% year-over-year. GAAP operating income was $2.7 million (14.2% margin), non-GAAP operating income was $4.3 million (23.0% margin), GAAP net income was $3.6 million ($0.21 per share) and non-GAAP net income was $5.2 million ($0.31 per share).
3. Balance Sheet and Cash Flow
The company ended 2025 with its highest-ever cash position of $109.9 million and zero debt. Positive operating cash flow totaled $15.2 million for the year, supporting ongoing investment and profitability initiatives.
4. Outlook and Governance
Radcom provided 2026 revenue guidance of 8% to 12%, implying approximately $78.6 million at the midpoint. The board appointed Rami Schwartz as chairman effective February 8, 2026, succeeding Sami Totah, to support strategic governance and growth execution.