The company maintains a robust financial position with a current ratio of 5.75 and a negligible debt-to-equity ratio of 0.03 as of 2025Q4.
| Metric | 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 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Total Current Assets | 132.52M | 117.2M | 97.42M | 87.45M | 83.5M | 83.38M | 83.21M | 84.39M | 86.76M | 49.89M | 16.06M | 16.47M | 15.86M | 15.64M | 18.37M | 18.25M | 10.37M | 14.36M | 14.96M | 24.16M | 20.69M | 17.17M | 11.47M | 15.98M | 20.08M | 33.02M | 32.82M | 33.62M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 30.49M | 19.24M | 10.89M | 9.53M | 11.95M | 13.55M | 6.2M | 61.99M | 22.57M | 42.89M | 8.73M | 6.85M | 1.19M | 1.47M | 2.9M | 5.74M | 3.27M | 3.51M | 3.76M | 2.01M | 10.52M | 6.56M | 5.61M | 7.21M | 3.86M | 12.76M | 7.78M | 12.3M |
| Short-Term Investments | 79.44M | 75.43M | 71.27M | 64.13M | 58.62M | 55.41M | 63.08M | 0 | 40M | 0 | 0 | 0 | 0 | 1.45M | 0 | 0 | 0 | 0 | 0 | 8.06M | 0 | 1.99M | 0 | 3.01M | 8.48M | 4.93M | 11.31M | 11.18M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 318K | 1.67M | 246K | 795K | 931K | 540K | 1.36M | 251K | 1.2M | 623K | 1.53M | 2.7M | 4.35M | 6.74M | 6.59M | 3.95M | 2.88M | 2.75M | 3.45M | 2.67M | 1.94M | 2.4M | 1.74M | 2.18M | 2.65M | 5.3M | 4.18M | 3.57M |
| Days Inventory Outstanding | 6.75 | 38.64 | 6.52 | 22.82 | 29.75 | 18.32 | 49.91 | 10.33 | 41.73 | 25.32 | 129.26 | 113.33 | 201.33 | 397.71 | 360.08 | 222.23 | 258.89 | 166.72 | 233.77 | 132.01 | 95.62 | 170.86 | 129.7 | 157.8 | 109.86 | 260.51 | 302.52 | 288.07 |
| Other Current Assets | 2.04M | 158K | 0 | 0 | 0 | 0 | 126K | 1.01M | 1.76M | 1.18M | 1.33M | 32K | 2.13M | 572K | 440K | 1.71M | 607K | 632K | 664K | 482K | 380K | 880K | 346K | 3.61M | 1.49M | 2.17M | 0 | 18K |
| Total Non-Current Assets | 12.45M | 13.38M | 10.11M | 13.55M | 8.17M | 10.26M | 13.19M | 5.14M | 5.15M | 4.68M | 4.07M | 3.85M | 3.79M | 3.36M | 2.98M | 3.13M | 3.07M | 3.48M | 3.94M | 3.6M | 3.1M | 2.96M | 2.94M | 3.45M | 3.24M | 3.89M | 3.84M | 3.8M |
| Property, Plant & Equipment | 3.89M | 4.3M | 2.45M | 3.47M | 3.07M | 4.26M | 7.51M | 1.83M | 1.92M | 1.52M | 384K | 200K | 253K | 268K | 301K | 338K | 575K | 989K | 1.46M | 1.41M | 1.23M | 1.17M | 1.49M | 2.26M | 3.24M | 3.87M | 3.79M | 3.7M |
| Fixed Asset Turnover | 18.40x | 14.19x | 21.07x | 13.28x | 13.13x | 8.83x | 4.39x | 18.59x | 19.35x | 19.47x | 48.63x | 118.18x | 80.96x | 58.90x | 73.05x | 56.72x | 20.73x | 15.41x | 9.24x | 16.72x | 18.12x | 13.68x | 7.54x | 6.45x | 5.76x | 7.90x | 6.52x | 5.17x |
| Goodwill | 0 | 1.24M | 1.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.27M | 1.37M | 1.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.92M | 3.43M | 2.33M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 4M | 0 | 0 | 2.31M | 346K | 172K | 375K | 508K | 0 | 0 | 0 | 0 | 0 | 2.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.07K | 326 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 144.97M | 130.57M | 107.53M | 101M | 91.66M | 93.64M | 96.4M | 89.53M | 91.91M | 54.57M | 20.14M | 20.32M | 19.64M | 19M | 21.34M | 21.39M | 13.44M | 17.84M | 18.9M | 27.75M | 23.79M | 20.13M | 14.4M | 19.43M | 23.32M | 36.91M | 36.66M | 37.42M |
| Asset Turnover | 0.49x | 0.47x | 0.48x | 0.46x | 0.44x | 0.40x | 0.34x | 0.38x | 0.41x | 0.54x | 0.93x | 1.16x | 1.04x | 0.83x | 1.03x | 0.90x | 0.89x | 0.85x | 0.71x | 0.85x | 0.94x | 0.80x | 0.78x | 0.75x | 0.80x | 0.83x | 0.67x | 0.51x |
| Asset Growth % | 11.03% | 21.43% | 6.46% | 10.19% | -2.11% | -2.87% | 7.67% | -2.59% | 68.43% | 171.01% | -0.9% | 3.43% | 3.41% | -11% | -0.19% | 59.12% | -24.67% | -5.58% | -31.91% | 16.66% | 18.19% | 39.76% | -25.87% | -16.69% | -36.81% | 0.67% | -2.03% | - |
| Total Current Liabilities | 23.03M | 27.91M | 20.11M | 22.8M | 16.25M | 14.9M | 12.72M | 7.53M | 11.92M | 11.04M | 6.42M | 6.41M | 8.1M | 10.45M | 7.7M | 7.11M | 7.4M | 7.83M | 7.65M | 8.38M | 7.71M | 7.12M | 6M | 5.27M | 5.63M | 8.41M | 6.23M | 8M |
| Accounts Payable | 2.63M | 2.46M | 2.64M | 2.71M | 2.65M | 1.59M | 2.45M | 1.56M | 1.83M | 2.82M | 1.47M | 1.52M | 2.26M | 1.92M | 2.7M | 2.76M | 1.12M | 2.12M | 1.27M | 2.55M | 2.15M | 2.03M | 1.15M | 1.28M | 1.26M | 2.95M | 1.5M | 957.26K |
| Days Payables Outstanding | 55.88 | 56.95 | 69.96 | 77.74 | 84.71 | 54.01 | 90.25 | 64.18 | 63.62 | 114.6 | 123.61 | 63.99 | 104.41 | 113.36 | 147.69 | 155.26 | 100.44 | 128.49 | 85.75 | 125.89 | 105.98 | 144.31 | 85.92 | 92.28 | 52.32 | 144.97 | 108.85 | 77.26 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 1.1M | 17.31M | 0 | 0 | 0 | 0 | 4.05M | 2.28M | 3.43M | 2.08M | 835K | 1.74M | 1.79M | 3.94M | 248K | 0 | 0 | 3.82M | 5.43M | 4.29M | 4.01M | 4.2M | 3.79M | 3.4M | 3.78M | 5.44M | 4.09M | 3.46M |
| Current Ratio | 5.75x | 4.20x | 4.84x | 3.84x | 5.14x | 5.59x | 6.54x | 11.21x | 7.28x | 4.52x | 2.50x | 2.57x | 1.96x | 1.50x | 2.39x | 2.57x | 1.40x | 1.83x | 1.95x | 2.88x | 2.69x | 2.41x | 1.91x | 3.03x | 3.56x | 3.93x | 5.27x | 4.20x |
| Quick Ratio | 5.74x | 4.14x | 4.83x | 3.80x | 5.08x | 5.56x | 6.43x | 11.18x | 7.18x | 4.46x | 2.26x | 2.15x | 1.42x | 0.85x | 1.53x | 2.01x | 1.01x | 1.48x | 1.50x | 2.57x | 2.43x | 2.07x | 1.62x | 2.62x | 3.09x | 3.30x | 4.60x | 3.76x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 7.84M | 6.99M | 4.93M | 5.42M | 5.26M | 6.72M | 9.81M | 3.52M | 3.59M | 3.39M | 3.85M | 3.65M | 4.05M | 3.56M | 3.25M | 3.38M | 3.4M | 5.03M | 3.67M | 4M | 3.6M | 2.98M | 2.16M | 1.81M | 761K | 448.03K | 627.74K | 558.11K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170K | 1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 30.87M | 34.9M | 25.04M | 28.22M | 21.51M | 21.62M | 22.53M | 11.05M | 15.51M | 14.43M | 10.27M | 10.06M | 12.15M | 14M | 10.95M | 10.48M | 10.8M | 12.86M | 11.32M | 12.38M | 11.3M | 10.11M | 8.16M | 7.08M | 6.39M | 8.86M | 6.85M | 8.56M |
| Total Debt | 3.23M | 3.4M | 1.62M | 2.48M | 1.94M | 3.04M | 6.23M | 0 | 0 | 0 | 0 | 0 | 629K | 2.58M | 0 | 0 | 1.19M | 2.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.68K | 628.64K | 3.58M |
| Net Debt | -27.25M | -15.84M | -9.27M | -7.05M | -10.01M | -10.51M | 29K | -61.99M | -22.57M | -42.89M | -8.73M | -6.85M | -556K | 1.11M | -2.9M | -5.74M | -2.08M | -1.19M | -3.76M | -2.01M | -10.52M | -6.56M | -5.61M | -7.21M | -3.86M | -12.74M | -7.15M | -8.72M |
| Debt / Equity | 0.03x | 0.04x | 0.02x | 0.03x | 0.03x | 0.04x | 0.08x | - | - | - | - | - | 0.08x | 0.52x | - | - | 0.45x | 0.47x | - | - | - | - | - | - | - | 0.00x | 0.02x | 0.12x |
| Debt / EBITDA | 0.36x | 0.90x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.47x | 7.42x |
| Net Debt / EBITDA | -3.03x | -4.21x | - | - | - | - | - | - | -7.21x | -30.44x | - | -5.17x | - | - | - | -3.62x | - | - | - | -26.06x | -5.62x | - | - | - | - | - | -5.34x | -18.05x |
| Interest Coverage | - | 39.11x | -4.48x | -130.13x | -341.60x | -305.47x | -489.69x | -232.53x | 44.74x | 48.83x | -16.04x | 76.33x | -11.14x | -53.32x | -4.77x | 1.05x | -8.77x | -13.12x | -571.20x | - | - | - | - | - | -17.98x | - | -2.97x | - |
| Total Equity | 114.11M | 95.68M | 82.49M | 72.78M | 70.15M | 72.02M | 73.87M | 78.48M | 76.4M | 40.14M | 9.86M | 10.26M | 7.5M | 5M | 10.39M | 10.9M | 2.64M | 4.99M | 7.58M | 15.37M | 12.48M | 10.02M | 6.25M | 12.34M | 16.93M | 28.05M | 29.81M | 28.86M |
| Equity Growth % | 19.26% | 15.98% | 13.34% | 3.75% | -2.59% | -2.51% | -5.87% | 2.73% | 90.31% | 307.01% | -3.89% | 36.84% | 50.07% | -51.91% | -4.69% | 312.99% | -47.04% | -34.22% | -50.71% | 23.13% | 24.55% | 60.49% | -49.4% | -27.07% | -39.66% | -5.9% | 3.27% | - |
| Book Value per Share | 6.78 | 5.92 | 5.39 | 5.01 | 4.97 | 5.17 | 5.36 | 5.76 | 6.19 | 3.72 | 1.15 | 1.19 | 1.02 | 0.78 | 1.63 | 1.87 | 0.52 | 1.00 | 1.86 | 3.87 | 3.21 | 2.98 | 2.38 | 4.71 | 6.44 | 10.85 | 10.76 | 11.49 |
| Total Shareholders' Equity | 114.11M | 95.68M | 82.49M | 72.78M | 70.15M | 72.02M | 73.87M | 78.48M | 76.4M | 40.14M | 9.86M | 10.26M | 7.5M | 5M | 10.39M | 10.9M | 2.64M | 4.99M | 7.58M | 15.37M | 12.48M | 10.02M | 6.25M | 12.34M | 16.93M | 28.05M | 29.81M | 28.86M |
| Common Stock | 809K | 769K | 736K | 706K | 669K | 657K | 648K | 643K | 628K | 523K | 372K | 361K | 335K | 251K | 250K | 234K | 177K | 176K | 122K | 120K | 107K | 101K | 57K | 57K | 57K | 58.23K | 52.59K | 50.48K |
| Retained Earnings | -50.95M | -62.94M | -69.91M | -73.63M | -71.37M | -66.11M | -62.11M | -55.28M | -53.2M | -56.1M | -58.02M | -57.1M | -57.82M | -56.4M | -50.41M | -48.51M | -49.08M | -46.66M | -40.87M | -32.29M | -32.23M | -33.76M | -32.08M | -25.86M | -21.14M | -9.7M | -6.38M | -6.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.92M | -2.91M | -3.03M | -2.91M | -2.62M | -2.66M | -2.63M | -2.61M | -2.52M | -2.56M | -2.76M | -1.06M | -805K | -322K | -197K | 0 | 0 | -7.32M | -7.18M | 0 | 0 | -13K | -9.49M | -8.6M | -7.29M | -367.45K | 699.57K | 699.7K |
| 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 | 0 | 0 | 0 | 0 | 0 |
High Customer Concentration Risk
According to recent balance sheet data, RADCOM has expanded its total assets from $104.1 million in 2023Q3 to $145.0 million by 2025Q4, signaling a consistent strengthening of the company's financial position as it scales its cloud-native software operations within the global 5G infrastructure market.
The steady accumulation of assets suggests that the company is successfully capturing value from its 5G Standalone deployments. This trajectory indicates that the business model is gaining traction, though investors should monitor whether this asset growth translates into sustained long-term profitability.
Based on reported financial figures, RADCOM maintains a current ratio of 5.75 as of 2025Q4, providing a substantial liquidity cushion that appears designed to mitigate the inherent volatility associated with its reliance on a limited number of large-scale Tier-1 telecommunications carrier contracts.
The high current ratio reflects a conservative approach to liquidity management, which is prudent given the binary nature of the company's revenue streams. This liquidity buffer likely provides the necessary operational runway to navigate potential delays in project milestones or contract renewals.
As reported in recent filings, RADCOM's equity base has grown to $114.1 million in 2025Q4, driven by a narrowing of the accumulated deficit in retained earnings, which improved from -$72.5 million in 2023Q3 to -$51.0 million by the end of the most recent fiscal period.
The reduction in the retained earnings deficit suggests that the company is moving toward a more sustainable capital structure. This improvement in equity quality may indicate that the business is successfully transitioning from a cash-burning phase to a more self-sustaining operational model.
Financial statements indicate that RADCOM maintains a negligible debt-to-equity ratio of 0.03 as of 2025Q4, with total debt standing at only $3.2 million, which suggests the company is effectively avoiding interest rate sensitivity and refinancing risks common in the broader telecommunications services sector.
The company's reliance on equity rather than debt financing appears to be a strategic choice that preserves flexibility in a volatile industry. This minimal leverage profile implies that the firm is well-positioned to weather potential sector-wide capital expenditure pullbacks without the burden of mandatory debt service.
Quick answers to the most common questions about buying RDCM stock.
As of 2025, RADCOM Ltd. (RDCM) had total assets of $145.0M including $132.5M in current assets.
RADCOM Ltd. (RDCM) carries total debt of $3.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
RADCOM Ltd. (RDCM) has total shareholders' equity (book value) of $114.1M ($6.78 book value per share). Book value represents the net worth of the company belonging to common stock holders.
RADCOM Ltd. (RDCM) reported a current ratio of 5.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.