Communication Services · Internet Content & Information
Price
$9.21
Market Cap
$380.4M
Employees
528
Beta
1.20
Avg Volume
449,445
CEO
Tal Jacobson
Business Description
Perion Network Ltd. is a global provider of sophisticated digital advertising technology, delivering comprehensive solutions to brands, advertising agencies, and content publishers across North America, Europe, and various international markets. The company offers a diverse suite of products designed to optimize various facets of the digital advertising ecosystem: Content Monetization: This includes the Wildfire platform and specialized systems that seamlessly embed advertisements within content layouts at the page level. Search Monetization: Solutions encompass website monetization, search mediation services, and strategies for generating revenue from app-based advertising. Cross-Channel Advertising: A dedicated software-as-a-service (SaaS) platform enables unified digital advertising campaigns across multiple channels. Campaign Management & Optimization: Perion provides platforms for both supply-side and demand-side management, facilitating efficient campaign planning, design, and execution. This also extends to publisher management systems offering advanced analytics, optimization tools, and reporting. Additional offerings include specialized search-demand management systems and products designed to integrate and onboard various demand vendors. Analytics and Performance Insights: An analytics platform delivers critical data and performance insights regarding campaign investment returns and other key metrics. An actionable performance monitoring platform further supports the various stages of campaign oversight. Creative Services: A dedicated platform supports the creation and development of advertising content. Artificial Intelligence Integration: The company heavily leverages AI and machine learning across its platforms to inject intelligence into every phase of campaign management. This includes its Intelligent HUB (iHUB), a platform for aggregating signals across advertising channels to optimize traffic and enhance engagement metrics and KPIs at scale. Additionally, Perion offers SORT (Strategic Optimization of Relevant Traits), a provisional patent technology providing a cookieless approach to ad targeting. Video Advertising: An integrated online video player and ad server allow clients to efficiently upload, manage, and stream video content alongside advertisements. Established in 1999, Perion Network Ltd. was initially known as IncrediMail Ltd. before officially changing its name in November 2011. The company's corporate headquarters are located in Holon, Israel.
Business History
Price Overview
Last updated: Jun 27, 2026 9:00am (just now)$9.21
+0.51 (+5.86%)
Day Range
$8.71 – $9.23
52-Week Range
$7.63 – $11.44
50-Day MA
$9.48
200-Day MA
$9.44
Volume
482,956.00
Analyst Price Targets
Low
$13.00
Consensus
$13.50
High
$14.00
(13 analysts)
Share Structure
Outstanding
41,302,887.00
Float
38,444,790.00
Free Float
93.1%
High free float
— 93.1% of shares trade freely, ~6.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-48.47
Stock Price: $9.21
EPS (Diluted): -0.19
EPS (Diluted): -0.19
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.60
Stock Price: $9.21
Total Equity: $676.01M
Shares: 42,098,471
Total Equity: $676.01M
Shares: 42,098,471
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
33.18
Market Cap: $380.40M
Total Debt: $22.36M
Cash: $91.17M
EBITDA: $12.70M
Total Debt: $22.36M
Cash: $91.17M
EBITDA: $12.70M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$354.5M
Market Cap: $380.40M
Total Debt: $22.36M
Cash: $91.17M
Total Debt: $22.36M
Cash: $91.17M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.92
Stock Price: $9.21
Revenue: $439.93M
Shares: 42,098,471
Revenue: $439.93M
Shares: 42,098,471
EV/Sales (Total value vs revenue — works when P/E can't)
API0.81
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
30.5%
Gross Profit: $133.97M
Revenue: $439.93M
Revenue: $439.93M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-3.1%
Operating Income: -$13.58M
Revenue: $439.93M
Revenue: $439.93M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-1.8%
Net Income: -$7.93M
Revenue: $439.93M
Revenue: $439.93M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-1.4%
Net Income: -$7.93M
Total Equity: $676.01M
Total Equity: $676.01M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-2.4%
Operating Income: -$13.58M
Tax Rate: -59.5%
Equity: $676.01M
Total Debt: $22.36M
Cash: $91.17M
Tax Rate: -59.5%
Equity: $676.01M
Total Debt: $22.36M
Cash: $91.17M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.76
Current Assets: $519.78M
Current Liabilities: $188.58M
Current Liabilities: $188.58M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.03
Short-Term Debt: $2.32M
Long-Term Debt: $20.03M
Total Debt: $22.36M
Total Equity: $676.01M
Long-Term Debt: $20.03M
Total Debt: $22.36M
Total Equity: $676.01M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$10.45
Revenue: $439.93M
Shares: 42,098,471
Shares: 42,098,471
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$16.06
Total Equity: $676.01M
Shares: 42,098,471
Shares: 42,098,471
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.91
Operating CF: $41.93M
CapEx: -$3.76M
Shares: 42,098,471
CapEx: -$3.76M
Shares: 42,098,471
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $9.21
Stock Price: $9.21
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$7.93M
Net Income: -$7.93M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PERI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 4:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $478.5M | $640.3M | $743.2M | $498.3M | $439.9M |
| Cost of Revenue | $313.2M | $403.0M | $470.8M | $332.8M | $306.0M |
| Gross Profit | $165.3M | $237.3M | $272.4M | $165.5M | $134.0M |
| Operating Expenses | $119.4M | $128.1M | $158.1M | $168.5M | $147.5M |
| Operating Income | $45.9M | $109.2M | $114.3M | -$3.0M | -$13.6M |
| Net Income | $38.7M | $99.2M | $115.0M | $12.6M | -$7.9M |
| EBITDA | $55.3M | $127.5M | $149.3M | $21.8M | $12.7M |
| EPS | $1.13 | $2.21 | $2.49 | $0.27 | $-0.19 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 4:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $104.4M | $177.5M | $187.6M | $156.2M | $91.2M |
| Total Current Assets | $446.2M | $603.5M | $726.6M | $561.5M | $519.8M |
| Total Assets | $713.2M | $871.0M | $1.1B | $915.5M | $913.8M |
| Current Liabilities | $193.7M | $234.6M | $340.0M | $161.9M | $188.6M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $20.0M |
| Total Liabilities | $246.3M | $287.9M | $359.1M | $192.6M | $237.8M |
| Total Equity | $467.0M | $583.1M | $718.1M | $722.9M | $676.0M |
| Retained Earnings | -$28.4M | $70.8M | $184.0M | $196.6M | $188.7M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 4:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $71.1M | $122.1M | $155.5M | $6.9M | $41.9M |
| Capital Expenditure | $-627,000 | -$1.1M | $-811,000 | -$6.9M | -$3.8M |
| Free Cash Flow | $70.5M | $121.1M | $154.7M | $67,000 | $38.2M |
| Acquisitions (net) | -$38.4M | -$9.6M | -$101.9M | $0 | -$26.6M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | -$46.9M | -$71.2M |
| Net Change in Cash | $56.7M | $72.0M | $11.4M | -$31.6M | -$66.2M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 3:58am (5h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$512.1M $506.0M – $518.2M
|
$591.2M $584.3M – $597.7M
|
$662.4M $654.6M – $669.6M
|
$734.3M $725.7M – $742.3M
|
| EBITDA |
$60.3M $59.5M – $61.0M
|
$69.6M $68.8M – $70.3M
|
$78.0M $77.0M – $78.8M
|
$86.4M $85.4M – $87.4M
|
| Net Income |
$54.8M $54.0M – $55.6M
|
$34.9M $34.4M – $35.4M
|
$0 | $0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 4:44pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +33.8% | +16.1% | -32.9% | -11.7% |
| Gross Profit Growth | +43.5% | +14.8% | -39.3% | -19.0% |
| Operating Income Growth | +137.8% | +4.7% | -102.7% | -347.0% |
| Net Income Growth | +156.4% | +15.9% | -89.0% | -162.9% |
| EBITDA Growth | +130.4% | +17.1% | -85.4% | -41.8% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 3:58am (5h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-01 | Yap Stephen Moore | S-Sale | 3,112.00 | $10.44 | $32,489 |
| 2026-04-01 | VORHAUS MICHAEL | S-Sale | 2,160.00 | $10.00 | $21,600 |
| 2026-04-01 | Marcus Joy Sharon | S-Sale | 1,689.00 | $10.00 | $16,890 |
| 2026-04-01 | Kaplan Eyal | S-Sale | 2,915.00 | $10.00 | $29,150 |
| 2026-03-18 | Yap Stephen Moore | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Yap Stephen Moore | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Yap Stephen Moore | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Yap Stephen Moore | 7,500.00 | $0.00 | $0 | |
| 2026-03-17 | Tzubery Elad | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Tzubery Elad | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Tzubery Elad | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Tzubery Elad | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Tzubery Elad | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Tzubery Elad | 12,500.00 | $0.01 | $125 | |
| 2021-08-04 | Tzubery Elad | 834.00 | $5.46 | $4,554 | |
| 2022-02-08 | Tzubery Elad | 1,001.00 | $12.02 | $12,032 | |
| 2026-03-17 | Jacobson Tal Reuven | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Jacobson Tal Reuven | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Jacobson Tal Reuven | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Jacobson Tal Reuven | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 4:44pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2011-03-23 | $0.40 | 2011-03-09 | 2011-03-24 | 2011-04-07 |
| 2010-09-16 | $0.45 | 2010-09-02 | 2010-09-20 | 2010-10-05 |
| 2010-04-23 | $0.43 | 2010-04-14 | 2010-04-27 | 2010-05-11 |
| 2009-12-17 | $0.40 | 2009-12-10 | 2009-12-21 | 2009-12-30 |
| 2009-07-14 | $0.50 | 2009-07-13 | 2009-07-28 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PERI — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30