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Radcom

RDCM on Nasdaq. Computer peripheral equipment, nec. Market value $172m.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
8.2%high

For every $100 of what the whole company costs, it produced $8.23 of spare cash last year. A savings account pays about $4.

Price to profit
annual report to December 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 60 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.

$10.41 a share, 11% above its 1-year low

Over the past year the price has ranged from $9.40 to $16.74.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.0
0.0
0.0
0.0
0.0
20212022202320242025
Revenue
$40m$46m$52m$61m$71m
Operating margin
-13.6%-8.9%-1.3%5.1%11.6%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.01bn0.01bn0.02bn0.02bn0.02bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)7 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsStrong, 13.7% a year
  • Buying back its own sharesNo, 17% more shares since 2021

Dates

Next results (estimated)
n/a
Last annual report (10-K)
31 March 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

1 long-term investor we follow owns it, unchanged from 1 last quarter. 54 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%; 3 of them are pushing for change.

  • at least 16.4%+1.8 pts
    (filed with 2 related holders)
    Since 1 September 2026
  • LYNROCK LAKE PARTNERS LLC
    Passive investor
    at least 14.9%
    (filed with 1 related holder)
    Since 31 December 2025
  • Zisapel Michael
    Activist
    Wants board seats
    at least 14.0%0.0 pts
    (filed with 1 related holder)
    Since 25 March 2026
    What they said

    On March 25, 2026, the Reporting Persons together with Value Base Ltd. ("Value Base"), sent a letter to the Board of Directors of the Company (the "Demand Letter") requesting that the Company convene a special meeting of the Company's shareholders (the "Special Meeting")…

    Read the filing
  • 6.4%
    Since 31 December 2024
  • Value Base Ltd.
    Activist
    Wants board seats
    at least 5.3%0.0 pts
    (filed with 3 related holders)
    Since 25 March 2026
    What they said

    Item 4 of the Schedule 13D is amended to add the following: On March 25, 2026, Value Base, together with Michael and Klil Zisapel (the "Zisapels"), sent a letter to the Board of Directors of the Company (the "Demand Letter") requesting that the Company convene a special meeting…

    Read the filing
  • Barclays PLC
    Passive investor
    Sold down below 5%
    Since 31 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 1 sold $88,800.

  • AMIT RAM
    Chief Technology Officer
    Sold
    Date
    1 June 2026
    Shares
    3,000
    Price
    $15.65
    Value
    $46,950
  • AMIT RAM
    Chief Technology Officer
    Sold
    Date
    20 May 2026
    Shares
    3,000
    Price
    $13.95
    Value
    $41,850

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Radcom doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.