Ceragon Networks Ltd 6-K, filed Nov 12, 2025

Ceragon Networks Ltd (CRNT)

6-K 2025-11-12 For: 2025-11-12

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Added on April 11, 2026

About this 6-K

Ceragon Networks Ltd filed this 6-K on November 12, 2025.

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	CERAGON NETWORKS LTD.

Date: November 11, 2025	By: /s/ Ronen Stein
	Name: Ronen Stein Title: Chief Financial Officer

	Q3 2025
North America	41%
India	29%
EMEA	12%
Latin America	9%
APAC	9%

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025			2024

Revenues		85,484		102,672		256,398			287,258
Cost of revenues		56,134		67,732		169,509			186,789

Gross profit		29,350		34,940		86,889			100,469

Operating expenses:
Research and development, net		6,955		8,750		22,536			25,982
Sales and Marketing		12,609		10,871		36,628			33,640
General and administrative		6,013		688		18,389			8,846
Restructuring and related charges		-		-		3,732			1,416
Acquisition- and integration-related charges		20		-		724			1,377

Total operating expenses		25,597		20,309		82,009			71,261

Operating income		3,753		14,631		4,880			29,208

Financial and other expenses, net		2,976		1,834		4,882			6,611

Income (loss) before taxes		777		12,797		(2	)		22,597

Taxes on income		749		580		2,217			2,144

Net income (loss)		28		12,217		(2,219	)		20,453

Basic net income (loss) per share		0.00		0.14		(0.02	)		0.24
Diluted net income (loss) per share		0.00		0.14		(0.02	)		0.23
Weighted average number of shares used in computing basic net income (loss) per share		90,296,561		86,280,444		89,509,052			85,849,886
Weighted average number of shares used in computing diluted net income (loss) per share		91,744,069		88,333,970		89,509,052			87,948,342

	September 30,			December 31,
	2025			2024
ASSETS

CURRENT ASSETS:
Cash and cash equivalents		42,987			35,311
Trade receivables, net		111,954			149,619
Inventories		58,420			59,693
Other accounts receivable and prepaid expenses		22,131			16,415

Total current assets		235,492			261,038

NON-CURRENT ASSETS:
Severance pay and pension fund		963			4,915
Property and equipment, net		39,782			36,764
Operating lease right-of-use assets		16,118			16,702
Intangible assets, net		22,659			16,791
Goodwill		11,046			7,749
Other non-current assets		861			1,037

Total non-current assets		91,429			83,958

Total assets		326,921			344,996

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Trade payables		69,637			91,157
Deferred revenues		1,906			2,573
Short-term loans		31,000			25,200
Operating lease liabilities		3,731			2,971
Other accounts payable and accrued expenses		23,526			29,547

Total current liabilities		129,800			151,448

LONG-TERM LIABILITIES:
Accrued severance pay and pension		3,283			8,359
Operating lease liabilities		12,883			12,936
Other long-term payables		8,841			5,928

Total long-term liabilities		25,007			27,223

SHAREHOLDERS' EQUITY:
Share capital		234			232
Additional paid-in capital		453,576			447,369
Treasury shares at cost		(20,091	)		(20,091	)
Other comprehensive loss		(8,261	)		(10,060	)
Accumulated deficit		(253,344	)		(251,125	)

Total shareholders' equity		172,114			166,325

Total liabilities and shareholders' equity		326,921			344,996

	Three months ended						Nine months ended
	September 30,						September 30,
	2025			2024			2025			2024

Cash flow from operating activities:
Net income (loss)		28			12,217			(2,219	)		20,453
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		3,436			2,981			10,400			8,861
Loss from sale of property and equipment, net		15			-			25			169
Stock-based compensation expense		862			907			3,061			3,377
Decrease in accrued severance pay and pensions, net		(723	)		(167	)		(646	)		(731	)
Decrease (increase) in trade receivables, net		12,130			(8,540	)		40,292			(17,787	)
Increase in other assets (including other accounts receivable, prepaid expenses, other non-current assets, and the effect of exchange rate changes on cash and cash equivalents)		(1,904	)		(929	)		(4,223	)		(2,312	)
Decrease (increase) in inventory		1,276			(640	)		1,403			7,915
Decrease in operating lease right-of-use assets		962			1,067			3,016			3,693
Increase (decrease) in trade payables		(5,233	)		7,152			(23,278	)		7,741
Increase (decrease) in other accounts payable and accrued expenses (including other long-term payables)		(2,358	)		443			(4,889	)		349
Decrease in operating lease liability		(810	)		(565	)		(1,725	)		(3,507	)
Decrease in deferred revenues		(520	)		(206	)		(684	)		(3,152	)
Net cash provided by operating activities		7,161			13,720			20,533			25,069

Cash flow from investing activities:
Purchases of property and equipment, net		(3,150	)		(2,899	)		(10,576	)		(10,854	)
Software development costs capitalized		(964	)		(249	)		(2,675	)		(1,238	)
Payments made in connection with business acquisitions, net of acquired cash		-			-			(6,570	)		-
Net cash used in investing activities		(4,114	)		(3,148	)		(19,821	)		(12,092	)

Cash flow from financing activities:
Proceeds from exercise of stock options		4			265			655			807
Proceeds from (repayments of) bank credits and loans, net		10,500			(3,250	)		5,800			(7,400	)
Net cash provided by (used in) financing activities		10,504			(2,985	)		6,455			(6,593	)

Effect of exchange rate changes on cash and cash equivalents		220			124			509			(607	)

Increase (decrease) in cash and cash equivalents		13,771			7,711			7,676			5,777
Cash and cash equivalents at the beginning of the period		29,216			26,303			35,311			28,237
Cash and cash equivalents at the end of the period		42,987			34,014			42,987			34,014