Ceragon Networks Ltd
ceragon.comWhat Do They Do?
Sells wireless connectivity equipment and network services to mobile network operators, internet providers, and businesses and public institutions running private networks.
20-F for FY2025, filed Apr 15, 2026We provide wireless transport solutions and services that enable cellular operators, other service providers and private networks to build…View ↗
In addition to providing our solutions, we also offer our customers a comprehensive set of turn-key services, including advanced network…View ↗
We also provide our solutions to other non-carrier vertical markets (private networks) such as oil and gas companies, public safety…View ↗
How Do They Make Money?
Customers place purchase orders for products and services, generally with payment terms under a year; some pay in advance. The company earns product revenue at delivery, support and extended warranty revenue over the contract period, and rollout and professional-services revenue when the contracted service is provided.
20-F for FY2025, filed Apr 15, 2026The Company determines that it has a contract with a customer when each of the parties has an identifiable right with regards to the…View ↗
For each contract, the Company considers the promise to transfer tangible products, network roll-out, professional services and customer…View ↗
Revenues from customer support and extended warranty are recognized ratably over the contract period, as the services have a consistent…View ↗
The Company recognizes contract liabilities, or deferred revenues when it receives advance payments from customers before performance…View ↗
$338.7M
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20-F for FY2025, filed Apr 15, 2026
$338.7M ↗
Who Are Their Customers?
Wireless service providers buy mainly directly, with some reached through OEMs and distributors. Large enterprises and public institutions running private networks buy through system integrators, resellers and distributors.
20-F for FY2025, filed Apr 15, 2026
20-F for FY2025, filed Apr 15, 2026
In 2025, the Company had revenues from a customer that represents a group of affiliated companies, equaling 20.7%, a single customer that…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $2.1M in FY2025, but brought in more cash than it spent: $17.9M of free cash flow.
20-F for FY2025, filed Apr 15, 2026
$7.2MView ↗
20-F for FY2025, filed Apr 15, 2026
−$2.1MView ↗
20-F for FY2025, filed Apr 15, 2026
$17.9MView ↗
How Are They Changing?
Growing. Revenue grew 16% in 4 years, from $290.8M in FY2021 to $338.7M in FY2025, about 4% a year.
Broader private-network offerings
The older report focuses on wireless transport equipment and related services; the latest also describes fixed-wireless access offerings for telecom providers and property users, plus private-network design, deployment, management and network-monitoring software.
20-F for FY2022, filed May 1, 2023 20-F for FY2025, filed Apr 15, 2026We provide wireless transport solutions and services that enable cellular operators, other service providers and private networks to build…View ↗
Who Do They Compete With?
Competes with Huawei Technologies, L.M. Ericsson Telephone, Nokia, ZTE, Aviat Networks, SIAE Microelectronica, Cambium Networks, and Intracom telecom
20-F for FY2025, filed Apr 15, 2026We compete with several wireless equipment providers worldwide that vary in size and in the types of products and solutions they offer. Our…View ↗
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