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Radcom Ltd. helps mobile and fixed-line telecom operators find network problems and understand how they affect subscribers. Its RADCOM ACE platform and related analytics software monitor network activity and help operators troubleshoot service issues. Customers include AT&T, Rakuten, Dish and Telia Mobil.
Operators pay for software solutions and projects, as well as ongoing support and managed services. Products and services contribute roughly equal shares of revenue. Radcom aims to move toward more multi-year recurring arrangements through subscriptions, term licenses and continuing services; this is a direction it is pursuing, rather than its sole current business model.
Its largest customers supply the vast majority of revenue, so the business depends heavily on their project scope, purchasing schedules and budgets. Sales also depend on operators adopting new monitoring systems as they deploy 5G and move networks to cloud-based infrastructure. Israeli government-funded development carries obligations: Radcom pays royalties on qualifying product revenue, and program rules restrict some development outside Israel and transfers of funded technology.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
RADCOM depends heavily on a few customers—its top three generated about 86% of 2025 revenue—so watch its engagements with Rakuten and Dish, neither shown here.
Netscout Systems Inc competes with RADCOM for mobile and wireline operators buying tools to monitor network service and troubleshoot problems. Its service-assurance business with these operators is the part to watch, rather than its broader enterprise and cybersecurity offerings.
AT&T pays RADCOM to monitor its telecommunications networks under a multi-year engagement, making it a direct source of business for RADCOM. AT&T sells mobile, fixed-line and broadband services; its move toward software-based networks supporting 5G and broadband is the relevant development to watch.
Viavi Solutions Inc. competes with RADCOM for communications operators buying tools to monitor network performance and keep services running reliably. Watch its operator-facing monitoring and assurance offerings within Network and Service Enablement, rather than its separate optical-products business.
Ericsson and RADCOM both face mobile operators' spending on 5G modernization: Ericsson develops cellular network technology, while RADCOM sells software that monitors those networks from radio access to core. Ericsson also competes in tools for understanding network activity, so its network-intelligence developments matter alongside its cellular technology work.
Nokia and RADCOM depend on operators' network-modernization budgets: Nokia supplies network infrastructure and competing tools for understanding network activity, while RADCOM sells network-monitoring software. Nokia's sales of optical transport, routing and fixed-access technology to telecom providers offer a concrete view of that spending.
AT&T Inc. earningsT
AT&T is a direct Radcom customer, and its report will show whether network modernization and the shift to software-based networks are advancing—developments that shape demand for network-monitoring tools.
Watch AT&T's comments on investment and progress in network modernization and software-based 5G and broadband networks. Continued spending and deployment would create more need for tools like Radcom's and support project demand from a direct customer; delays or tighter budgets could reduce those opportunities. Operator investment does not guarantee an order for Radcom.
Netscout Systems Inc earningsNTCT
Netscout Systems Inc also sells service-assurance tools to mobile and wireline operators, so its report will show how demand and competition are developing in a market Radcom serves.
Focus on Netscout Systems Inc's operator-facing service-assurance business, not its enterprise or cybersecurity offerings. If it grows, operators are still buying these tools, but the competitor may also be winning business; if it weakens, demand may be constrained or the weakness may be company-specific, so it does not establish that Radcom gained or lost share. Treat it as a signal about the market for similar tools, not proof of Radcom orders.
Radcom Ltd. earningsThis company
Radcom earns most of its revenue from a few telecom operators, and this report will show whether their network projects and ongoing service needs are still lifting both product and service revenue.
Read product revenue and service revenue alongside deferred revenue and customer advances. If both revenue streams strengthen while deferred revenue and advances hold or rise, projects are converting into revenue while future work is also building. If both streams weaken and deferred revenue and advances fall, fewer new projects and less follow-on work may be coming through. A fall in deferred revenue alone does not prove demand weakened; it can also mean previously paid work was completed.
