RDCM (RDCM) financial statements
RDCM reported revenue of $71M in fiscal 2025, up 26.5% a year over 9 years.
Net income was $12M and the operating margin 11.6%, against 13.0% in 2016.
Free cash flow was $14M.
The diluted share count rose 56% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RDCM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9M | $7M | $14M | $16M | $18M | $40M | $46M | $52M | $61M | $71M |
| Cost of revenue | $9M | $10M | $9M | $10M | $11M | $11M | $13M | $14M | $16M | $17M |
| Gross profit | $21M | $27M | $25M | $23M | $27M | $29M | $33M | $38M | $45M | $54M |
| Research and development | $8M | $11M | $16M | $19M | $19M | $20M | $21M | $20M | $19M | $20M |
| Selling, general and admin | $13M | $15M | $15M | $14M | $14M | $15M | $17M | $20M | $24M | $26M |
| Operating income | $1M | $3M | -$3M | -$8M | -$5M | -$5M | -$4M | -$662,000 | $3M | $8M |
| Interest expense | $23,000 | — | — | — | — | — | — | — | — | — |
| Pre-tax income | $2M | $3M | -$2M | -$7M | -$4M | -$5M | -$2M | $4M | $7M | $13M |
| Income tax | $24,000 | $83,000 | $63,000 | $169,000 | $220,000 | $124,000 | $159,000 | $182,000 | $234,000 | $595,000 |
| Net income | $2M | $3M | -$2M | -$7M | -$4M | -$5M | -$2M | $4M | $7M | $12M |
| EPS (diluted) | $0.18 | $0.23 | -$0.18 | -$0.50 | -$0.29 | -$0.37 | -$0.16 | $0.24 | $0.43 | $0.71 |
| Diluted shares | 11M | 12M | 14M | 14M | 14M | 14M | 15M | 15M | 16M | 17M |
| Gross margin | 237.5% | 358.7% | 186.1% | 141.0% | 151.1% | 71.6% | 72.4% | 73.3% | 74.2% | 76.0% |
| Operating margin | 13.0% | 34.8% | -25.8% | -47.8% | -25.8% | -13.6% | -8.9% | -1.3% | 5.1% | 11.6% |
| Net margin | 22.2% | 38.9% | -17.9% | -41.7% | -22.5% | -13.1% | -4.9% | 7.2% | 11.4% | 16.8% |
Balance sheet
Fiscal years, from RDCM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $43M | $63M | $62M | $69M | $69M | $71M | $74M | $82M | $95M | $110M |
| Receivables | $4M | $20M | $20M | $11M | $12M | $10M | $11M | $13M | $19M | $20M |
| Inventory | $623,000 | $1M | $251,000 | $1M | $540,000 | $931,000 | $795,000 | $246,000 | $2M | $318,000 |
| Total current assets | $50M | $87M | $84M | $83M | $83M | $83M | $87M | $97M | $117M | $133M |
| Property, plant and equipment | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $798,000 | $879,000 | $988,000 |
| Goodwill | — | — | — | — | — | — | — | $1M | $1M | $1M |
| Total assets | $55M | $92M | $90M | $96M | $94M | $92M | $101M | $108M | $131M | $145M |
| Total current liabilities | $11M | $12M | $8M | $13M | $15M | $16M | $23M | $20M | $28M | $23M |
| Total liabilities | $14M | $16M | $11M | $23M | $22M | $22M | $28M | $25M | $35M | $31M |
| Shareholders' equity | $40M | $76M | $78M | $74M | $72M | $70M | $73M | $82M | $96M | $114M |
| Net debt | -$43M | -$23M | -$62M | -$6M | -$14M | -$12M | -$10M | -$11M | -$19M | -$30M |
Cash flow
Fiscal years, from RDCM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9M | -$11M | -$2M | $7M | -$50,000 | $2M | $6M | $5M | $11M | $15M |
| Capital spending | $1M | $790,000 | $662,000 | $699,000 | $427,000 | $437,000 | $150,000 | $232,000 | $427,000 | $384,000 |
| Free cash flow | $8M | -$11M | -$3M | $6M | -$477,000 | $2M | $6M | $4M | $11M | $14M |
| Stock-based compensation | $2M | $2M | $2M | $2M | $2M | $3M | $5M | $6M | $6M | $6M |
| Free cash flow margin | 94.0% | -152.7% | -19.3% | 37.5% | -2.7% | 3.9% | 12.7% | 8.7% | 18.0% | 19.9% |
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Open RDCM in InvestinglyQuestions
What was RDCM's revenue in 2025?
$71M in fiscal 2025, from its 10-K filing.
How much free cash flow does RDCM generate?
$14M in fiscal 2025 (operating cash flow minus capital spending).
From RDCM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.