Revenue growth accelerated to 15.3% in 2026Q2, but operating margins are only 4.0%, indicating that the company is still working to leverage its fixed cost base for higher profitability.
Allot Ltd. (ALLT) annual income statement — 22-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Sales/Revenue | 108.95M | 101.99M | 92.19M | 93.15M | 122.74M | 145.6M | 135.92M | 110.1M | 95.84M | 81.99M | 90.37M | 99.97M | 117.19M | 96.55M | 104.75M | 77.75M | 56.97M | 41.75M | 37.1M | 32.5M | 34.14M | 22.97M | 18.09M |
| Revenue Growth % | 14.28% | 10.63% | -1.03% | -24.11% | -15.7% | 7.12% | 23.45% | 14.88% | 16.89% | -9.27% | -9.6% | -14.69% | 21.38% | -7.83% | 34.72% | 36.48% | 36.46% | 12.53% | 14.15% | -4.81% | 48.63% | 27.02% | - |
| Cost of Goods Sold | 31.27M | 29.44M | 28.5M | 40.46M | 39.83M | 44.55M | 40.08M | 33.83M | 29.35M | 28.53M | 27.89M | 33.43M | 34.74M | 26.82M | 46.92M | 22.18M | 15.98M | 11.84M | 9.7M | 8.02M | 7.6M | 5.42M | 4.62M |
| COGS % of Revenue | - | 28.87% | 30.92% | 43.44% | 32.45% | 30.6% | 29.49% | 30.73% | 30.62% | 34.8% | 30.87% | 33.44% | 29.64% | 27.78% | 44.79% | 28.52% | 28.06% | 28.35% | 26.13% | 24.67% | 22.25% | 23.59% | 25.55% |
| Gross Profit | 77.68M | 72.55M | 63.69M | 52.69M | 82.91M | 101.05M | 95.84M | 76.27M | 66.49M | 53.46M | 62.47M | 66.54M | 82.45M | 69.73M | 57.83M | 55.58M | 40.99M | 29.92M | 27.41M | 24.48M | 26.55M | 17.55M | 13.46M |
| Gross Margin % | 71.3% | 71.13% | 69.08% | 56.56% | 67.55% | 69.4% | 70.51% | 69.27% | 69.38% | 65.2% | 69.13% | 66.56% | 70.36% | 72.22% | 55.21% | 71.48% | 71.94% | 71.65% | 73.87% | 75.33% | 77.75% | 76.41% | 74.45% |
| Gross Profit Growth % | - | 13.91% | 20.89% | -36.45% | -17.95% | 5.43% | 25.67% | 14.71% | 24.37% | -14.43% | -6.11% | -19.29% | 18.24% | 20.57% | 4.05% | 35.6% | 37.01% | 9.16% | 11.93% | -7.77% | 51.24% | 30.37% | - |
| Operating Expenses | 70.34M | 68.95M | 69.7M | 117.62M | 115.17M | 114.58M | 104.87M | 85.24M | 76.68M | 70.86M | 69.32M | 82.44M | 85.55M | 76.79M | 66.85M | 47.24M | 38.76M | 35.21M | 38.16M | 33.05M | 26.45M | 20.19M | 16.51M |
| OpEx % of Revenue | - | 67.6% | 75.61% | 126.27% | 93.84% | 78.69% | 77.15% | 77.42% | 80.01% | 86.43% | 76.71% | 82.47% | 73.01% | 79.54% | 63.82% | 60.76% | 68.03% | 84.34% | 102.86% | 101.68% | 77.47% | 87.9% | 91.28% |
| Selling, General & Admin | 45.82M | 44.45M | 43.59M | 78.51M | 65.38M | 67.48M | 61.42M | 53.78M | 51.27M | 49.01M | 45.1M | 56.02M | 56.54M | 49.77M | 44.79M | 34.02M | 27.49M | 25.95M | 26.03M | 23.66M | 18.92M | 14.27M | 12.19M |
| SG&A % of Revenue | - | 43.58% | 47.28% | 84.28% | 53.26% | 46.35% | 45.19% | 48.85% | 53.49% | 59.78% | 49.91% | 56.04% | 48.25% | 51.55% | 42.76% | 43.75% | 48.26% | 62.15% | 70.17% | 72.81% | 55.42% | 62.11% | 67.38% |
| Research & Development | 24.52M | 24.5M | 26.11M | 39.12M | 49.8M | 47.09M | 43.45M | 31.46M | 25.42M | 21.85M | 24.22M | 26.42M | 29.01M | 27.02M | 22.06M | 13.22M | 11.26M | 9.27M | 12.13M | 9.38M | 7.53M | 5.92M | 3.96M |
| R&D % of Revenue | - | 24.02% | 28.32% | 41.99% | 40.57% | 32.34% | 31.96% | 28.57% | 26.52% | 26.65% | 26.8% | 26.43% | 24.76% | 27.99% | 21.06% | 17.01% | 19.77% | 22.19% | 32.69% | 28.87% | 22.05% | 25.79% | 21.88% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 366K |
| Operating Income | 7.35M | 3.6M | -6.01M | -64.94M | -32.27M | -13.53M | -9.03M | -8.98M | -10.2M | -17.4M | -6.85M | -15.9M | -3.11M | -7.06M | -9.02M | 8.34M | 2.23M | -5.3M | -10.76M | -8.56M | 97K | -2.64M | -3.04M |
| Operating Margin % | 6.74% | 3.53% | -6.52% | -69.71% | -26.29% | -9.29% | -6.64% | -8.15% | -10.64% | -21.22% | -7.58% | -15.91% | -2.65% | -7.32% | -8.61% | 10.72% | 3.91% | -12.69% | -29% | -26.35% | 0.28% | -11.49% | -16.83% |
| Operating Income Growth % | - | 159.93% | 90.74% | -101.23% | -138.53% | -49.83% | -0.57% | 11.94% | 41.41% | -154.08% | 56.93% | -411.81% | 56.02% | 21.7% | -208.19% | 274.11% | 142.07% | 50.75% | -25.6% | -8929.9% | 103.68% | 13.3% | - |
| EBITDA | 11.61M | 7.65M | 210K | -58.42M | -24.92M | -7.95M | -4.72M | -4.62M | -6.36M | -13.73M | -2.81M | -4.75M | 2.06M | -726K | -3.96M | 11.21M | 4.93M | -2.71M | -8.65M | -7.04M | 1.06M | -2.01M | -1.8M |
| EBITDA Margin % | 10.66% | 7.5% | 0.23% | -62.71% | -20.3% | -5.46% | -3.47% | -4.2% | -6.64% | -16.75% | -3.1% | -4.75% | 1.76% | -0.75% | -3.78% | 14.42% | 8.65% | -6.5% | -23.32% | -21.66% | 3.1% | -8.74% | -9.98% |
| EBITDA Growth % | 136.02% | 3543.81% | 100.36% | -134.45% | -213.3% | -68.6% | -2.12% | 27.39% | 53.68% | -389.45% | 40.93% | -330.69% | 383.61% | 81.64% | -135.27% | 127.51% | 281.61% | 68.63% | -22.87% | -764.25% | 152.82% | -11.19% | - |
| D&A (Non-Cash Add-back) | 2.29M | 4.05M | 6.22M | 6.52M | 7.35M | 5.58M | 4.31M | 4.36M | 3.83M | 3.67M | 4.04M | 11.15M | 5.17M | 6.34M | 5.07M | 2.88M | 2.7M | 2.58M | 2.11M | 1.52M | 963K | 632K | 1.24M |
| EBIT | 11.72M | 5.01M | -4.1M | -61.65M | -30.1M | -13.11M | -7.04M | -6.76M | -7.19M | -16.51M | -5.79M | -15.21M | -2.45M | -5.75M | -7.45M | 8.9M | 2.23M | -7.47M | -15.94M | -8.56M | 727K | -2.64M | -3.04M |
| Net Interest Income | 2.2M | 2.45M | 2.57M | 3M | 1.84M | 969K | 1.63M | 2.29M | 1.9M | 1.5M | 1.25M | 896K | 834K | 774K | 1.53M | 510K | 681K | 777K | 2.24M | 0 | 0 | 0 | 0 |
| Interest Income | 2.2M | 2.45M | 2.57M | 3.07M | 1.88M | 1.04M | 1.75M | 1.96M | 2.7M | 2.51M | 2.47M | 2.17M | 1.9M | 1.36M | 1.75M | 661K | 492K | 914K | 2.57M | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 72K | 38K | 76K | 128K | 257K | 793K | 1.02M | 1.22M | 1.28M | 1.07M | 584K | 212K | 16K | 7.91M | 137K | 335K | 0 | 0 | 0 | 0 |
| Other Income/Expense | 4.37M | 1.33M | 1.91M | 3.21M | 2.13M | 339K | 1.86M | 1.96M | 2.21M | 894K | 1.06M | -584K | 660K | 727K | 1.36M | 415K | -7.91M | -2.31M | -5.52M | -845K | 630K | 45K | -241K |
| Pretax Income | 11.72M | 4.94M | -4.1M | -61.72M | -30.14M | -13.19M | -7.17M | -7.02M | -7.99M | -16.51M | -5.79M | -16.49M | -2.45M | -6.34M | -7.66M | 8.75M | -5.68M | -7.61M | -16.27M | -9.41M | 727K | -2.59M | -3.29M |
| Pretax Margin % | 10.75% | 4.84% | -4.45% | -66.26% | -24.55% | -9.06% | -5.28% | -6.37% | -8.33% | -20.13% | -6.41% | -16.49% | -2.09% | -6.56% | -7.32% | 11.26% | -9.97% | -18.22% | -43.87% | -28.95% | 2.13% | -11.29% | -18.16% |
| Income Tax | 1.48M | 1.23M | 1.76M | 1.08M | 1.9M | 1.85M | 2.18M | 1.64M | 2.43M | 1.56M | 2.2M | 3.36M | 50K | 120K | -926K | -55K | 84K | 63K | 220K | 530K | 111K | -218K | 3K |
| Effective Tax Rate % | 12.6% | 24.97% | -43.01% | -1.76% | -6.29% | -14.03% | -30.34% | -23.38% | -30.4% | -9.47% | -38.07% | -20.36% | -2.04% | -1.89% | 12.08% | -0.63% | -1.48% | -0.83% | -1.35% | -5.63% | 15.27% | 8.4% | -0.09% |
| Net Income | 10.24M | 3.71M | -5.87M | -62.8M | -32.03M | -15.04M | -9.35M | -8.66M | -10.41M | -18.07M | -7.99M | -19.84M | -2.5M | -6.46M | -6.74M | 8.81M | -5.76M | -7.67M | -16.5M | -9.94M | 616K | -2.38M | -3.29M |
| Net Margin % | 9.4% | 3.63% | -6.37% | -67.42% | -26.1% | -10.33% | -6.88% | -7.86% | -10.87% | -22.04% | -8.85% | -19.85% | -2.13% | -6.69% | -6.43% | 11.33% | -10.11% | -18.38% | -44.46% | -30.58% | 1.8% | -10.34% | -18.18% |
| Net Income Growth % | 605.78% | 163.13% | 90.66% | -96.08% | -112.97% | -60.89% | -7.96% | 16.86% | 42.37% | -126.07% | 59.71% | -694.63% | 61.33% | 4.17% | -176.49% | 252.88% | 24.9% | 53.49% | -65.95% | -1713.64% | 125.93% | 27.74% | - |
| Net Income (Continuing) | 10.24M | 3.71M | -5.87M | -62.8M | -32.03M | -15.04M | -9.35M | -8.66M | -10.41M | -18.07M | -7.99M | -19.84M | -2.5M | -6.46M | -6.74M | 8.81M | -5.76M | -7.67M | -16.5M | -9.94M | 616K | -2.38M | -3.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.21 | 0.08 | -0.15 | -1.66 | -0.87 | -0.42 | -0.27 | -0.25 | -0.31 | -0.54 | -0.24 | -0.59 | -0.08 | -0.20 | -0.21 | 0.33 | -0.25 | -0.35 | -0.75 | -0.46 | 0.04 | -0.11 | -1.18 |
| EPS Growth % | 519.45% | 153.47% | 90.96% | -90.8% | -107.14% | -55.56% | -8% | 19.35% | 42.59% | -125% | 59.32% | -683.53% | 62.35% | 4.76% | -163.64% | 232% | 28.57% | 53.33% | -63.04% | -1250% | 136.36% | 90.68% | - |
| EPS (Basic) | - | 0.08 | -0.15 | -1.66 | -0.87 | -0.42 | -0.27 | -0.25 | -0.31 | -0.54 | -0.24 | -0.59 | -0.08 | -0.20 | -0.21 | 0.35 | -0.25 | -0.35 | -0.75 | -0.46 | 0.03 | -0.11 | -1.18 |
| Diluted Shares Outstanding | 49.83M | 46.18M | 38.93M | 37.91M | 36.98M | 36.05M | 35.01M | 34.25M | 33.71M | 33.25M | 33.2M | 33.42M | 33.14M | 32.68M | 31.96M | 27.07M | 22.83M | 22.19M | 22.05M | 21.53M | 16.42M | 20.91M | 2.79M |
| Basic Shares Outstanding | 49.15M | 44.07M | 38.93M | 37.91M | 36.98M | 36.05M | 35.01M | 34.25M | 33.6M | 33.25M | 33.2M | 33.42M | 33.14M | 32.29M | 31.96M | 25.05M | 22.83M | 22.19M | 22.05M | 21.53M | 20.96M | 20.91M | 2.79M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying ALLT stock.
For fiscal year 2025, Allot Ltd. (ALLT) reported total revenue of $102.0M. This represents a 464.0% increase compared to $18.1M in 2004.
Allot Ltd. (ALLT) is profitable, generating $3.7M in net income for the fiscal year ending 2025 with a net profit margin of 3.6%.
Allot Ltd. (ALLT) reported an operating income of $3.6M, resulting in an operating profit margin of 3.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Allot Ltd. (ALLT) generated $72.6M in gross profit for the year, representing a gross profit margin of 71.1%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Operating margin sustainability risk
Accelerating Revenue Growth Momentum
Allot's revenue growth accelerated to 15.3% in 2026Q2, as per the income statement, up from 2.3% in 2024Q4, suggesting strengthening demand for its software infrastructure solutions and potential market share gains.
The acceleration appears driven by volume expansion rather than pricing, given the stable gross margins, which implies organic growth durability. However, investors should monitor peer growth rates, such as NetScout's 4.5%, to assess competitive pressures that could moderate this trend.
Resilient Gross Margins but Thin Operating Profits
Based on reported figures, Allot's gross margins have held steady around 71%, which is competitive compared to Synchronoss's 67.7%, but operating margins remain low at 4.0%, implying limited pricing power and high operating overhead.
The stability in gross margins suggests effective cost of goods management, but the gap to operating profitability indicates that SG&A and R&D expenses are consuming most of the gross profit. This may signal a need for greater expense discipline to unlock higher returns.
Operating Leverage Starting to Materialize
Operating income improved from a loss of $3.4M in 2024Q2 to a profit of $1.1M in 2026Q2, as reported in financial statements, highlighting that revenue growth is beginning to leverage the fixed cost base.
This inflection in operating leverage appears driven by controlled SG&A growth relative to revenue increases, but elevated R&D spending may cap near-term margin expansion. The trend suggests that further revenue growth could disproportionately benefit operating income if cost discipline is maintained.
Q3 2025: The Turning Point to Profitability
Allot's net income turned positive in 2025Q3 at $2.8M, according to the income statement, marking the first sustained period of profitability after several quarters of losses, which may indicate operational improvements taking hold.
This inflection was likely driven by a combination of revenue growth and cost management, as seen in the improved operating margins from -1.7% in 2025Q2 to 8.1% in 2025Q3. The lasting impact could be a shift in investor perception, but execution must be sustained to avoid regression.
Risks to the Profitability Narrative
Despite recent gains, Allot's operating margin of 4.0% in 2026Q2 remains below peers like NetScout's 13.0%, based on peer data, which could imply structural disadvantages or unsustainable cost cuts.
Short-sellers might focus on the high SG&A relative to revenue, which at approximately 42% of sales in 2026Q2, appears elevated and could pressure margins if growth slows. Additionally, significant stock-based compensation, as noted in the data, may dilute earnings quality and warrant closer scrutiny.