Technology
Cellebrite Appoints Shiven Ramji Chief Executive Officer, Succeeding Thomas E. Hogan
Published
3 months agoon
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Company Reports Second-Quarter 2026 Results; Company Lowers Full-Year 2026 ARR and Revenue Outlook and Raises Adjusted EBITDA Target
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 13, 2026 /PRNewswire/ — Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in AI-powered Digital Investigative and Intelligence solutions for the public and private sectors, today announced that Shiven Ramji, who joined Cellebrite as President, Products and Technology in May 2026, has succeeded Thomas E. Hogan as the Company’s CEO as part of a planned transition, effective immediately. In addition, Ramji will be appointed to the Company’s Board of Directors. Hogan joined Cellebrite as Executive Chairman in August 2023, became interim CEO in January 2025 and was subsequently appointed CEO in August 2025.
Adam Clammer, Chairman of Cellebrite’s Board of Directors, stated, “We are deeply grateful to Tom for his extensive contributions to Cellebrite’s success over the last three years. One of Tom’s most important contributions was building a world-class team. Shiv’s succession is the clearest proof of his success in this endeavor. With a product-first approach and a successful track record of building and growing businesses, Shiv is the right CEO for our next chapter. The Board has every confidence in Shiv and the management team.”
Thomas E. Hogan commented, “It has been a privilege to lead Cellebrite – a company that truly makes the world a safer place. Over the past three years, we have navigated significant change while elevating our value proposition by broadening our solutions through a combination of organic innovation and M&A. With that foundation in place, Cellebrite’s next chapter requires a world-class product and technology executive, and Shiv is exactly that leader. Given the long-term opportunity in front of Cellebrite, I have full confidence that Shiv and this team will build on our progress to address the expanding needs of our customers around the world. I want to thank Cellebrite’s employees for their dedication, and our customers and shareholders for their trust. Cellebrite’s future is very bright.”
Shiv Ramji, Cellebrite’s CEO, stated, “I am honored to lead Cellebrite at an important moment for the Company. Over my first three months, I have spent significant time with our customers, employees and leaders across the business, and I have come away with strong conviction in both the opportunity ahead and the work required to realize it. Our mission has never been more relevant: helping customers accelerate investigations, uncover trusted intelligence, deliver justice and protect communities.”
Cellebrite Reports Second-Quarter 2026 Results
Cellebrite also announced today its financial results for the three and six months ending June 30, 2026.
Second-Quarter 2026 Financial Highlights
Total Annual Recurring Revenue (ARR) of $507.8 million, up 21% year-over-yearRecurring revenue dollar-based net retention rate of 117%, up 2 pts. over Q1Revenue of $131.1 million, up 16% year-over-yearSubscription revenue was $119.5 million, a year-over-year increase of 16%GAAP gross profit and gross margin of $105.9 million and 80.8%, respectively; Non-GAAP gross profit and gross profit margin of $112.1 million and 85.5%, respectivelyGAAP net income of $6.4 million; Non-GAAP net income of $29.7 millionGAAP diluted earnings per share of $0.02; Non-GAAP diluted earnings per share of $0.11Adjusted EBITDA and Adjusted EBITDA margin of $31.8 million and 24.2%, respectivelyFree cash flow for the trailing twelve months of $144.2 million, or 28.0% on a margin
“We delivered healthy second-quarter growth in Asia-Pacific, EMEA and U.S. Federal,” stated Ramji. “However, ARR came in below our expectations. We saw longer sales cycles and less expansion from Inseyets conversions than anticipated. We are taking action to improve execution going forward.”
Ramji continued, “We are making tangible progress with our newer products, which further supports our confidence in the long-term opportunity. At the same time, we are taking a more measured view of that contribution in the near term, given elongated sales cycles and the timing of additional new product introductions anticipated for later this year.”
Ramji concluded, “Given these dynamics, in combination with the pace and magnitude of Inseyets expansions, we have lowered our FY26 ARR and revenue outlook. We believe resetting expectations now is the responsible approach and provides a more appropriate foundation from which to execute. At the same time, continued operating discipline has enabled us to raise our FY26 adjusted EBITDA target.”
Recent Business Highlights
Innovation
Genesis Momentum: Cellebrite Genesis, the Company’s purpose-built agentic AI solution, has continued to build momentum since its official launch on June 10th. Cellebrite achieved early monetization for Genesis in the second quarter. Since the start of the third quarter, the Company has continued to make further progress with Genesis adoption and related product enhancements.New Product Adoption: In addition to Genesis, Cellebrite has continued to see customer adoption build for new offerings introduced since the start of this year, namely its Guardian Investigate, CFID for drone forensics and Advanced Unlocks.Signature FedRAMP Win: Cellebrite also recently signed its first significant FedRAMP deal for Guardian, its SaaS-based evidence management solution delivered through the Cellebrite Government Cloud (CGC). In May 2026, Cellebrite announced that its Cellebrite Government Cloud (CGC) platform achieved FedRAMP® High Authorization, the federal government’s highly stringent cloud security standard, with the U.S. Department of Justice (DOJ) serving as the authorizing agency.
Go-To-Market
Drone Partnership: Last month, Cellebrite announced an expanded partnership with SkySafe, the leader in drone detection and airspace intelligence. The exclusive partnership combines advanced digital forensics with advanced drone detection, deep analysis and drone activity, equipping organizations and agencies with the intelligence needed to proactively detect, analyze and act on potential threats in real-time at scale. High-Impact Customer Events: Following a highly successful, second annual user conference in April 2026, Cellebrite hosted a 2-day C2C UK event on June 16th and 17th. The Company plans to host a range of regional C2C Live events, featuring sessions designed to support learning, collaboration and best practices, for customers in U.S., Europe and Asia-Pacific during the second half of 2026.
Supplemental financial information can be found on the Investor Relations section of our website at https://investors.cellebrite.com/financial-information/quarterly-results.
Financial Outlook
David Barter, Cellebrite’s CFO, said, “Although we didn’t deliver against our second-quarter 2026 ARR target, we have continued to make tangible progress in executing Cellebrite’s product strategy, with newer products contributing more meaningfully to net new ARR than a year ago, and we expect that momentum to continue into the second half of the year. While we’ve lowered our full-year ARR expectations, along with the resulting impact on our revenue target, we have raised this year’s original adjusted EBITDA target and anticipate delivering a stronger second-half free cash flow performance even as we continue funding the investments critical to driving durable, long-term growth.”
The Company’s third-quarter and full-year 2026 financial expectations are as follows:
Third-Quarter 2026 Expectations
Full-Year 2026 Expectations
(as of 08/13/26)
(as of 08/13/26)
ARR
$524M – $528M
$550M – $560M
Annual Growth
19% – 20%
14% – 16%
Revenue
$145M – $148M
$555M – $561M
Annual Growth
15% – 17%
17% – 18%
Adjusted EBITDA
$42M – $45M
$153M – $159M
Adjusted EBITDA margin
29% – 30%
~28%
Conference Call Information
Cellebrite will host a live conference call and webcast later today to review the Company’s second-quarter 2026 financial results and discuss its full-year 2026 outlook. Pertinent details include:
Date:
Thursday, August 13, 2026
Time:
8:30 a.m. ET
Call-In Number:
785-838-9251 / 833-309-3473
Conference ID:
CLBTQ226
Event URL:
Webcast URL:
In conjunction with the conference call and webcast, historical financial tables and supplemental data will be available on the quarterly results section of Company’s investor relations website at https://investors.cellebrite.com/financial-information/quarterly-results.
Non-GAAP Financial Information and Key Performance Indicators
This press release includes non-GAAP financial measures. Cellebrite believes that the use of non-GAAP cost of revenue, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP EPS and adjusted EBITDA is helpful to investors. These measures, which the Company refers to as its non-GAAP financial measures, are not prepared in accordance with GAAP.
The Company believes that the non-GAAP financial measures provide a more meaningful comparison of its operational performance from period to period, and offer investors and management greater visibility into the underlying performance of its business:
Share-based compensation expenses utilize varying available valuation methodologies, subjective assumptions and a variety of equity instruments that can impact a company’s non-cash expenses;Acquired intangible assets are valued at the time of acquisition and are amortized over an estimated useful life after the acquisition;Acquisition-related expenses and executive severance expenses relate to the cash component of contractual severance due to our former CFO, all of which are unrelated to current operations and neither are comparable to the prior period nor predictive of future results;To the extent that the above adjustments have an effect on tax (income) expense, such an effect is excluded in the non-GAAP adjustment to net income;Tax expense, depreciation and amortization expense vary for many reasons that are often unrelated to our underlying performance and make period-to-period comparisons more challenging; andFinancial instruments are remeasured according to GAAP and vary for many reasons that are often unrelated to the Company’s current operations and affect financial income.
Free cash flow is calculated as net cash provided by or used in operating activities less purchases of property and equipment and the capitalization of software development costs (collectively referred to as capital expenditures). We believe that free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash provided by or used in our operations that, after the investments in property and equipment, can be used for strategic initiatives.
Each of our non-GAAP financial measures is an important tool for financial and operational decision making and for evaluating our own operating results over different periods of time. The non-GAAP financial measures do not represent our financial performance under U.S. GAAP and should not be considered as alternatives to operating income or net income or any other performance measures derived in accordance with GAAP. Non-GAAP measures should not be considered in isolated from, or as an alternative to, financial measures determined in accordance with GAAP. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, and exclude expenses that may have a material impact on our reported financial results. Further, share-based compensation expense has been, and will continue to be for the foreseeable future, significant recurring expenses in our business and an important part of the compensation provided to our employees. In addition, the amortization of intangible assets is expected to be a recurring expense over the estimated useful life of the underlying intangible asset and acquisition-related expenses will be incurred to the extent acquisitions are made in the future. Furthermore, foreign exchange rates may fluctuate from one period to another, and the Company does not estimate movements in foreign currencies.
A reconciliation of each of these non-GAAP financial measures to their most comparable GAAP measure is set forth in a table included at the end of this press release, which is also available on our website at https://investors.cellebrite.com.
In regard to forward-looking non-GAAP guidance, we are not able to reconcile the forward-looking adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items including, but not limited to, fair value movements, share-based payments for future awards, tax expense, depreciation and amortization expense, and certain financing and tax items.
This press release also includes key performance indicators, including annual recurring revenue and dollar-based retention rate.
Annual recurring revenue (“ARR”) is defined as the value of subscription-based customer agreements encompassing term-based on-premise software and cloud-based software, including those offerings delivered under a recurring consumption-based model, that are in effect at the end of the reporting period. For subscription-based agreements, ARR is calculated as the total contract value of the agreement divided by the length of the agreement, measured as of the end of the period and assuming no increases or reductions to the customer’s subscription. For consumption-based cloud software subscriptions, ARR is calculated as the total contract value of the subscription divided by the length of the agreement, assuming no increases or reductions in the customer’s usage rate. For new agreements with a term of less than 12 months, ARR is calculated as the total contract value of the agreement, without annualization. The annualized value of contracts is a legal and contractual determination made by assessing the contractual terms with our customers, including contracts for which we are actively negotiating a subscription renewal, which continue to be included in ARR until the customer notifies the Company that it does not intend to renew. ARR is not a forecast of future subscription revenue, which can be impacted by contract start and end dates and renewal rates.
Dollar-based net retention rate (“NRR”) is calculated by dividing the customer’s ARR by the base ARR. We define base ARR as recurring revenue we recognized from all customers with a valid license at the last quarter of the previous year period, during the four quarters ended one year prior to the date of measurement. We define our customer’s ARR as the recurring revenue we recognized during the four quarters ended on the date of measurement from the same customer base included in our measure of base ARR, including recurring revenue resulting from additional sales to those customers.
References to Websites and Social Media Platforms
References to information included on, or accessible through, websites and social media platforms do not constitute incorporation by reference of the information contained at or available through such websites or social media platforms, and you should not consider such information to be part of this press release.
Caution Regarding Forward Looking Statements
This document includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include, but are not limited to, estimated financial information for the third quarter of 2026 and for fiscal year 2026 including those statements with respect to our FY26 revenue, revenue and adjusted EBITDA outlook; the expectation for a stronger second-half free cash flow performance even as we continue funding the investments critical to driving durable, long-term growth; and the near-term contribution from new products given elongated sales cycles and the timing of additional new product introductions anticipated for later this year; as well as commentary associated with future performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and challenges and evolving industry standards with respect to software, artificial intelligence, or device access, to adapt to changing market potential within our markets and to successfully launch new solutions and add-ons that meet or exceed customer needs; our material dependence on the acceptance of our solutions by domestic and international law enforcement, public safety, defense and intelligence agencies; real or perceived errors, failures, defects or bugs in our solutions; licensing of technology from third parties, including our dependence on maintaining those licenses or seeking alternative solutions; failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; intense competition in all of our markets, including risks associated with pricing pressures from and loss of market share to competitors with greater resources than we have and increasing competition as a result of consolidation in the industry; the misuse of our solutions by our customers which may achieve suboptimal results or be perceived as incompatible with human rights; our ability to properly manage our growth as a business, and execute new offerings, developments and strategic opportunities, including joint ventures, partnerships and acquisitions; our dependence on our customers to renew their subscriptions and purchase additional subscriptions or services from us; conducting a low volume of our business via e-commerce; the use of artificial intelligence in our digital investigation platform; the availability of financing sources on reasonable terms or at all; our reliance on third-party suppliers for certain components, products or services, including risks relating to the availability of raw materials or components; challenges associated with large transactions, including with respect to longer sales cycles, as well as with developing, offering, implementing, and maintaining new solutions; risk of security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions which are critical to our operations and maintaining the trust and confidence of our customers; risks associated with political, geo-political and reputational factors related to our business or operations, including Cellebrite operations in Israel and/or negative publicity, including with respect to the nature of our solutions; risks associated with our ability to obtain CFIUS approval for the acquisition of Corellium and with our ongoing compliance with national security agreements entered into with the U.S. government; risks that our intellectual property rights may not be adequate to protect our business or assets or that others may make claims on our intellectual property, claim infringement on their intellectual property rights, or claim a violation of their license rights, including relative to free or open-source-software components we may use risks relating to the regulatory constraints to which we are subject, including Israeli export laws, our compliance with such laws and related export licenses issued from the government of Israel; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer; risks associated with our significant international operations, including due to our Israeli operations, fluctuations in foreign exchange rates, rising global inflation, and exposure to regions subject to political or economic instability, including the State of Israel; uncertainties regarding the impact of changes in macroeconomic and/or global conditions, including as a result of slowdowns, recessions, economic instability, political unrest, or outbreaks of disease, as well as the resulting impact on information technology spending and government budgets, on our business and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2026, and in other documents filed by Cellebrite with the SEC, which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
About Cellebrite
Cellebrite’s (Nasdaq: CLBT) mission is to protect communities, nations and businesses as a global leader in digital investigative and intelligence solutions. More than 7,000 global law enforcement agencies, defense and intelligence organizations and enterprises trust Cellebrite’s AI-powered software portfolio to make forensically sound digital data more accessible and actionable. Cellebrite technology allows customers to accelerate nearly 3 million legally sanctioned investigations annually, enhance sovereign security, elevate operational efficacy and efficiency and enable advanced mobile research and application security. Available via cloud, on-premises and hybrid deployments, Cellebrite’s technology enables its customers around the globe to advance their missions, elevate public safety and safeguard data privacy. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com and find us on social media @Cellebrite.
Contacts:
Investors Relations
Andrew Kramer
Vice President, Investor Relations & Treasury
investors@cellebrite.com
+1 973.206.7760
Media
Jackie Labrecque
Director, PR and Executive Communications
jackie.labrecque@cellebrite.com
+1 771.241.7010
Cellebrite DI Ltd.
Second-Quarter 2026 Results Summary
(U.S Dollars in thousands)
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
Revenue
131,138
113,276
259,439
220,825
Gross profit
105,931
95,599
211,812
185,658
Gross margin
80.8 %
84.4 %
81.6 %
84.1 %
Operating income
6,949
14,417
16,068
26,685
Operating margin
5.3 %
12.7 %
6.2 %
12.1 %
Net income
6,371
19,476
17,309
36,876
Cash flow from operating activities
17,589
32,583
37,474
53,461
Non-GAAP Financial Data:
Operating income
29,805
26,224
58,391
48,195
Operating margin
22.7 %
23.2 %
22.5 %
21.8 %
Net income
29,692
30,773
60,312
56,952
Adjusted EBITDA
31,790
27,885
62,407
51,561
Adjusted EBITDA margin
24.2 %
24.6 %
24.1 %
23.3 %
Cellebrite DI Ltd.
Condensed Consolidated Balance Sheets
(U.S. Dollars in thousands)
June 30,
December 31,
2026
2025
Assets
Current assets
Cash and cash equivalents
$ 141,250
$ 124,457
Short-term deposits
146,759
161,049
Marketable securities
154,522
151,544
Trade receivables (net of allowance for credit losses of $456 and $506 as of June 30, 2026 and
December 31, 2025, respectively)
110,782
104,972
Prepaid expenses and other current assets
21,514
19,630
Contract acquisition costs
6,466
6,595
Inventories
8,388
7,603
Total current assets
589,681
575,850
Non-current assets
Other non-current assets
7,344
14,618
Marketable securities
103,185
97,959
Deferred tax assets, net
11,667
10,880
Property and equipment, net
24,552
22,209
Operating lease right-of-use assets, net
16,414
16,308
Intangible assets, net
121,909
81,469
Goodwill
119,559
119,559
Total non-current assets
404,630
363,002
Total assets
$ 994,311
$ 938,852
Liabilities and shareholders’ equity
Current Liabilities
Trade payables
$ 18,113
$ 16,834
Other accounts payable and accrued expenses
77,009
71,244
Deferred revenues
263,350
277,583
Operating lease liabilities
5,736
3,996
Total current liabilities
364,208
369,657
Long-term liabilities
Other long-term liabilities
24,573
16,677
Deferred revenues
49,940
49,526
Operating lease liabilities
17,493
18,674
Total long-term liabilities
92,006
84,877
Total liabilities
456,214
454,534
Shareholders’ equity
Share capital
*)
*)
Additional paid-in capital
605,809
568,721
Treasury share, NIS 0.00001 par value; 41,776 ordinary shares
(85)
(85)
Accumulated other comprehensive income
1,602
2,220
Accumulated deficit
(69,229)
(86,538)
Total shareholders’ equity
538,097
484,318
Total liabilities and shareholders’ equity
$ 994,311
$ 938,852
*) Less than 1 USD
Cellebrite DI Ltd.
Condensed Consolidated Statements of Income
(U.S Dollars in thousands, except share and per share data)
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
Revenue:
Subscription services
$ 97,685
$ 80,814
$ 194,234
$ 157,502
Term-license
21,805
22,147
43,109
41,288
Other non-recurring
3,912
3,292
7,580
7,703
Professional services
7,736
7,023
14,516
14,332
Total revenue
131,138
113,276
259,439
220,825
Cost of revenue:
Subscription services
15,981
8,522
30,219
16,954
Other non-recurring
3,764
3,198
7,261
6,499
Professional services
5,462
5,957
10,147
11,714
Total cost of revenue
25,207
17,677
47,627
35,167
Gross profit
$ 105,931
$ 95,599
$ 211,812
$ 185,658
Operating expenses:
Research and development, net
35,961
28,611
71,833
55,888
Sales and marketing
43,753
38,685
86,975
77,453
General and administrative
19,268
13,886
36,936
25,632
Total operating expenses
$ 98,982
$ 81,182
$ 195,744
$ 158,973
Operating income
$ 6,949
$ 14,417
$ 16,068
$ 26,685
Financial income, net
4,238
6,374
8,753
13,434
Income before tax
11,187
20,791
24,821
40,119
Tax expense
4,816
1,315
7,512
3,243
Net income
$ 6,371
$ 19,476
$ 17,309
$ 36,876
Earnings per share
Basic
$ 0.03
$ 0.08
$ 0.07
$ 0.15
Diluted
$ 0.02
$ 0.08
$ 0.07
$ 0.15
Weighted average shares outstanding
Basic
247,617,591
240,358,573
247,047,007
238,811,210
Diluted
252,788,652
248,980,462
252,436,239
249,410,357
Other comprehensive income (loss):
Unrealized income (loss) on hedging transactions
788
2,936
(163)
2,157
Unrealized (loss) income on marketable securities
(495)
39
(1,314)
103
Currency translation adjustments
317
(1,226)
859
(1,707)
Total other comprehensive income (loss), net of tax
610
1,749
(618)
553
Total other comprehensive income
$ 6,981
$ 21,225
$ 16,691
$ 37,429
Cellebrite DI Ltd.
Condensed Consolidated Statements of Cash Flow
(U.S Dollars in thousands, except share and per share data)
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
Cash flow from operating activities:
Net income
$ 6,371
$ 19,476
$ 17,309
$ 36,876
Adjustments to reconcile net income to net cash provided
by operating activities:
Share-based compensation and RSU’s
15,249
8,810
29,633
17,587
Amortization of premium, accretion of discount and
accrued interest on marketable securities
(237)
(1,202)
(1,385)
(1,725)
Depreciation and amortization
8,915
2,592
15,920
5,223
Interest income from short-term deposits
(1,736)
(2,303)
(3,529)
(4,683)
Deferred tax assets, net
(15)
(1,387)
(765)
(1,773)
Increase in trade receivables
(38,070)
(10,931)
(5,629)
(9,210)
Increase (decrease) in deferred revenue
7,987
2,310
(12,874)
3,302
(Increase) decrease in other non-current assets
(253)
210
299
995
Decrease (increase) in prepaid expenses and other current assets
4,351
(2,748)
(613)
2,732
Changes in operating lease right-of-use assets
1,058
1,070
2,113
2,226
Changes in operating lease liability
(645)
(532)
(1,660)
(1,711)
Increase in inventories
(859)
(524)
(715)
(534)
Increase (decrease) in trade payables
7,181
(166)
1,194
(1,212)
Increase (decrease) in other accounts payable and accrued expenses
6,898
17,622
(3,495)
5,470
Increase (decrease) in other long-term liabilities
1,394
286
1,671
(102)
Net cash provided by operating activities
17,589
32,583
37,474
53,461
Cash flows from investing activities:
Capital expenditures
(3,068)
(3,608)
(6,109)
(5,947)
Cash paid in conjunction with acquisitions, net of acquired cash
—
—
(15,278)
—
Purchase of Intangible assets
(8,560)
—
(15,619)
—
Investment in marketable securities
(50,050)
(53,190)
(124,625)
(183,146)
Proceeds from maturities of marketable securities
36,338
32,204
60,945
59,623
Proceeds from sales of marketable securities
15,840
31,166
55,546
31,166
Investment in short-term deposits
(46,000)
—
(82,000)
(84,000)
Redemption of short-term deposits
41,754
34,005
99,819
96,377
Net cash (used in) provided by investing activities
(13,746)
40,577
(27,321)
(85,927)
Cash flows from financing activities:
Exercise of options to shares
2,123
12,624
4,251
15,117
Proceeds from Employee Share Purchase Plan
1,485
1,202
2,868
2,329
Net cash provided by financing activities
3,608
13,826
7,119
17,446
Net increase (decrease) in cash and cash equivalents
7,451
86,986
17,272
(15,020)
Net effect of Currency Translation on cash and cash equivalents
110
1,762
(479)
2,584
Cash and cash equivalents at beginning of period
133,689
90,475
124,457
191,659
Cash and cash equivalents at end of period
$ 141,250
$ 179,223
$ 141,250
$ 179,223
Supplemental cash flow information:
Income taxes paid (received)
$ 6,997
$ (8,879)
$ 10,535
$ (8,073)
Non-cash activities
Operating lease liabilities arising from obtaining right-of-use assets
$ 1,069
$ 12,328
$ 2,219
$ 13,141
Cellebrite DI Ltd.
Reconciliation of GAAP to Non-GAAP Financial Information
(U.S Dollars in thousands, except share and per share data)
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Cost of revenue
$ 25,207
$ 17,677
$ 47,627
$ 35,167
Less:
Share-based compensation
657
827
1,349
1,577
Amortization of intangible assets
5,536
—
9,148
—
Acquisition-related costs
1
—
1
—
Non-GAAP cost of revenue
$ 19,013
$ 16,850
$ 37,129
$ 33,590
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Gross profit
$ 105,931
$ 95,599
$ 211,812
$ 185,658
Share-based compensation
657
827
1,349
1,577
Amortization of intangible assets
5,536
—
9,148
—
Acquisition-related costs
1
—
1
—
Non-GAAP gross profit
$ 112,125
$ 96,426
$ 222,310
$ 187,235
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Operating expenses
$ 98,982
$ 81,182
$ 195,744
$ 158,973
Less:
Share-based compensation
14,592
7,983
28,284
16,010
Amortization of intangible assets
1,394
931
2,756
1,857
Acquisition-related costs
676
2,066
785
2,066
Non-GAAP operating expenses
$ 82,320
$ 70,202
$ 163,919
$ 139,040
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Operating income
$ 6,949
$ 14,417
$ 16,068
$ 26,685
Share-based compensation
15,249
8,810
29,633
17,587
Amortization of intangible assets
6,930
931
11,904
1,857
Acquisition-related costs
677
2,066
786
2,066
Non-GAAP operating income
$ 29,805
$ 26,224
$ 58,391
$ 48,195
Cellebrite DI Ltd.
Reconciliation of GAAP to Non-GAAP Financial Information
(U.S Dollars in thousands, except share and per share data)
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Net income
$ 6,371
$ 19,476
$ 17,309
$ 36,876
Share-based compensation
15,249
8,810
29,633
17,587
Amortization of intangible assets
6,930
931
11,904
1,857
Acquisition-related costs
677
2,066
786
2,066
Tax expense (income)
465
(510)
680
(1,434)
Non-GAAP net income
$ 29,692
$ 30,773
$ 60,312
$ 56,952
Non-GAAP Earnings per share:
Basic
$ 0.12
$ 0.13
$ 0.24
$ 0.24
Diluted
$ 0.11
$ 0.12
$ 0.23
$ 0.22
Weighted average shares outstanding:
Basic
247,617,591
240,358,573
247,047,007
238,811,210
Diluted
259,522,205
252,713,944
259,390,445
252,618,208
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Net income
$ 6,371
$ 19,476
$ 17,309
$ 36,876
Financial income, net
(4,238)
(6,374)
(8,753)
(13,434)
Tax expense
4,816
1,315
7,512
3,243
Share-based compensation
15,249
8,810
29,633
17,587
Amortization of intangible assets
6,930
931
11,904
1,857
Acquisition-related costs
677
2,066
786
2,066
Depreciation expenses
1,985
1,661
4,016
3,366
Adjusted EBITDA
$ 31,790
$ 27,885
$ 62,407
$ 51,561
For the three months ended
For the six months ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Net cash provided by operating activities
$ 17,589
$ 32,583
$ 37,474
$ 53,461
Less:
Capital expenditures
(3,068)
(3,608)
(6,109)
(5,947)
Free cash flow
$ 14,521
$ 28,975
$ 31,365
$ 47,514
Free cash flow margin
11.1 %
25.6 %
12.1 %
21.5 %
Cellebrite DI Ltd.
Reconciliation of GAAP to Non-GAAP Financial Information
(U.S Dollars in thousands, except share and per share data)
For the trailing
12 months
ended
For the three months ended
June 30,
June 30,
March 31,
December 31,
September 30,
2026
2026
2026
2025
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Net cash provided by operating activities
$ 157,557
$ 17,589
$ 19,885
$ 86,811
$ 33,272
Less:
Capital expenditures
(13,387)
(3,068)
(3,041)
(3,956)
(3,322)
Free cash flow
$ 144,170
$ 14,521
$ 16,844
$ 82,855
$ 29,950
Free cash flow margin
28.0 %
11.1 %
13.1 %
64.3 %
23.8 %
View original content to download multimedia:https://www.prnewswire.com/news-releases/cellebrite-appoints-shiven-ramji-chief-executive-officer-succeeding-thomas-e-hogan-302850249.html
SOURCE Cellebrite
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Technology
24X Expands Digital Assets Prime Brokerage Partnership with Standard Chartered
Published
8 minutes agoon
November 10, 2026By
Bitcoin and Ethereum to be offered alongside existing FX, NDF and Spot Trading
HAMILTON, Bermuda, Nov. 10, 2026 /PRNewswire/ — 24X Bermuda Limited (“24X“), one of a select few global platforms that offer both crypto spot and FX trading on a single, unified technology infrastructure, today announced that it has expanded its partnership with Standard Chartered to include digital assets Prime Brokerage. This expanded partnership will now enable trading in Bitcoin (BTC) and Ethereum (ETH) on 24X’s institutional-grade, multi-asset trading platform. Standard Chartered is a leading international banking group.
With this expansion, 24X becomes the first trading platform to offer both crypto and FX products with Standard Chartered acting as the central counterparty. This structure allows counterparties to face only Standard Chartered while accessing OTC liquidity through 24X, which operates the execution-only platform and handles liquidity configuration, matching and straight-through processing (STP). Globally recognized as a leading FX NDF platform and offering FX spot and swaps, 24X aims to apply that expertise to drive institutional adoption of digital assets.
24X and Standard Chartered’s Prime Brokerage business already give clients access to FX NDFs, FX Spot, FX Deliverable Swaps, FX Non-Deliverable Swaps, and Metals. Bitcoin and Ethereum trading will operate in a similar capacity. This announcement comes shortly after Standard Chartered served as liquidity taker for first spot cryptocurrency trades on the 24X platform, with Cumberland DRW and Wintermute serving as liquidity providers.
24X CEO and Founder Dmitri Galinov said, “Institutional interest in digital assets is rapidly increasing, and this expansion of our partnership with Standard Chartered will enable the 24X platform to continually meet that demand. Our crypto trading infrastructure delivers the deep liquidity, rigorous oversight, and the same seamless workflow global financial institutions have come to expect from 24X. We are proud to deepen our relationship as global markets continue to converge around digital assets.”
24X Bermuda Limited’s cryptocurrency activity is regulated by the Bermuda Monetary Authority. 24X also offers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products to institutional customers in addition to NDFs. Since its launch in 2019, 24X’s multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost. Through its subsidiary 24X National Exchange, trading in U.S. equities is available 16/5 via broker-dealers who are approved members of the Exchange.
About 24X
24X Bermuda Holdings LLC (“24X”) is a privately held company with two primary operating subsidiaries: 24X Bermuda Limited (“24X Bermuda”), which allows seamless and cost-effective exchange of currency exposures, metals and spot cryptocurrency; and 24X National Exchange LLC (“24X Equities”), the first national securities exchange approved by the U.S. Securities and Exchange Commission (SEC) to operate 23 hours each weekday. 24X’s mission is to enable cost-effective trades across a growing range of asset classes around the clock by lowering the cost of exchanging assets in the global markets and simultaneously delivering creative and unique workflows tailored to each asset class. 24X Bermuda is a registered Introducing Broker with the U.S. Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA ID #0556980). 24X Bermuda and its crypto activity are regulated by the Bermuda Monetary Authority. More information is available at https://www.24exchange.com.
Media Contact:
Eric Andrus, KARV
24Xmedia@karv.global
View original content:https://www.prnewswire.co.uk/news-releases/24x-expands-digital-assets-prime-brokerage-partnership-with-standard-chartered-302934245.html
Technology
Telecom Review Group Accelerates the Journey to 10Giga GCC with U6GHz
Published
8 minutes agoon
November 10, 2026By
DUBAI, UAE, Nov. 10, 2026 /PRNewswire/ — At the 20th edition of the Telecom Review Leaders’ Summit, held on October 20–21, 2026, at the Ritz-Carlton, Dubai Jumeirah Beach Residence, industry leaders examined how upper 6 GHz (U6GHz) spectrum and 5G-Advanced could accelerate the GCC’s journey toward 10 Gbps connectivity.
Moderated by Issam Eid, Group CMO and Partner at Telecom Review Group, the panel brought together Dr. Bilel Jamoussi, Deputy Director of ITU Telecommunication Standardization Bureau and Chief, Study Groups & Policy Department (SPD); Jawad Abbassi, Head of MENA, GSMA; Eng. Saif Bin Ghalita, Executive Director Technology Development Affairs, TDRA; Dr. Mahmoud Sherif, Head of Innovation and Technico Business Development, du; Dr. Ayman Elnashar, VP, Technology Strategy, Architecture & Innovation, etisalat; Steven Liu, Vice President of ICT Marketing and Solution Sales, Huawei Middle East and Central Asia; and Omar Samman, Head of Networks – Gulf, Ericsson.
Spectrum Policy Sets the Foundation
The UAE’s progress in commercial U6GHz deployment reflects the importance of forward-looking spectrum policy and regulatory coordination. Eng. Bin Ghalita outlined the country’s spectrum roadmap, including allocating 500 MHz in the 6 GHz band for indoor Wi-Fi in 2020 and subsequently designating 700 MHz, spanning 6.425–7.125 GHz, for International Mobile Telecommunications (IMT) in the 2024 National Frequency Plan.
These measures helped pave the way for commercial U6GHz deployments by etisalat and du. “For the U6GHz commercial launch, I would particularly like to recognize Huawei, with whom the UAE has had more than 25 years of engagement. Huawei has always delivered on its commitment,” Eng. Bin Ghalita mentioned. “This kind of collaboration is what turns our missions into tangible progress.”
Regulators must also address device compatibility and interference coordination.
“The regulator’s job does not end with spectrum assigned; it continues until the investment and the partnership translate into a better experience for society,” Eng. Bin Ghalita remarked.
The GSMA has pointed to growing international momentum behind U6GHz, with countries representing more than 80% of the world’s population now supporting mobile use of the band and more than 60 mobile ecosystem players supporting large-scale deployment. To advance the industry’s journey toward 6G, Abbassi stressed the importance of driving spectrum adoption while acknowledging and demonstrating the wider economic value of licensed U6GHz deployment.
“The licensed approach yields 7 times the economic benefits of keeping it in the unlicensed band,” noted Abbassi.
Dr. Jamoussi warned that divergent national approaches could fragment device and network ecosystems, increasing costs. “International harmonization will be essential to making advanced connectivity more affordable and interoperable,” he said.
Turning 10 Gbps Potential into Real-World Performance
U6GHz’s ultra-wide bandwidth is enabling significant advances in peak data rates, with du reporting a 10 Gbps peak data rate in a 5G-Advanced demonstration combining U6GHz and Sub-3 GHz spectrum. Dr. Sherif positioned the achievement as a milestone for the UAE’s wider telecommunications ecosystem.
“This achievement is particularly noteworthy given 5G-Advanced’s role in bridging 5G and 6G. There are so many key takeaways that we can evaluate as we pursue 6G commercialization,” highlighted Dr. Sherif.
Steven Liu identified fixed wireless access (FWA), mobile broadband, and AI-driven services as potential application areas, highlighting how U6GHz’s ultra-wide bandwidth supports higher-speed home broadband and demanding mobile applications, although actual performance will depend on network configuration and deployment conditions. Steven Liu emphasized that the industry can “bring a new level of innovative service and superior end-user experience to the market through U6GHz.”
Dr. Elnashar highlighted emerging enterprise offerings and AI-driven consumer applications. “It’s a journey that we started two or three years back with the first prototype of U6GHz in the UAE,” he remarked. “Following the trial where we demonstrated 10 Gbps downlink and uplink, I believe we are bridging the gap between wireless and fiber for the first time.”
Omar Samman highlighted rising uplink and low-latency demands from AI applications. “Uplink growth is no longer a prediction; it is already happening,” he said, noting the role of AI-enabled radio access network software and updated service-area planning.
Paving the Way for 6G Evolution
Following the panel, Allen Tang, President of Huawei’s Wireless Network & Cloud Core Network Marketing & Solution Sales, and Toni Eid, Founder of Telecom Review Group and CEO of Trace Media International, joined the panelists to officially mark the world’s first U6GHz commercial launch during an exclusive ceremony, highlighting the UAE’s progress in moving the technology from spectrum planning to commercial deployment.
The milestone underscored the region’s ambition to accelerate toward a 10 Gbps society. Achieving that vision, however, will require converged infrastructure, harmonized standards, device readiness, and sustainable investment. These factors will determine how effectively the GCC translates U6GHz potential into real-world connectivity and supports the transition to 6G.
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/telecom-review-group-accelerates-the-journey-to-10giga-gcc-with-u6ghz-302934460.html
Technology
Blue Planet Strengthens Singapore-India Partnership with Uttar Pradesh Waste Infrastructure Agreement
Published
8 minutes agoon
November 10, 2026By
SINGAPORE, Nov. 10, 2026 /PRNewswire/ — Singapore-headquartered Blue Planet Environmental Solutions has signed a memorandum of understanding with the Government of Uttar Pradesh to advance integrated waste management infrastructure, marking a further step in Singapore–India collaboration on sustainable urban development.
The agreement establishes a framework for collaboration across scientific landfill remediation, fresh municipal solid waste processing and resource recovery. It reflects a shared focus on addressing accumulated waste while strengthening the infrastructure needed to manage the demands of urban growth.
The signing took place in Lucknow during a high-level Singapore Business Federation (SBF) delegation’s engagement with Hon’ble Chief Minister Shri Yogi Adityanath and senior government officials. Led by SBF Chairman Mark Lee, the visit built on dialogue following the Chief Minister’s visit to Singapore earlier this year, reinforcing business ties between Singapore and Uttar Pradesh.
For Blue Planet, the agreement represents an opportunity to bring its integrated waste management expertise to the state’s evolving environmental priorities. By connecting remediation with fresh waste processing and resource recovery, the collaboration aims to support a more coordinated approach to municipal waste management, enabling the productive use of recovered materials and land while reducing reliance on disposal.
Prashant Singh, Co-Founder & CEO, Blue Planet Environmental Solutions, said:
“Waste infrastructure is fundamental to how cities grow. Addressing legacy waste and managing the waste generated today must go hand in hand, supported by systems that recover resources and serve communities over the long term.
“Uttar Pradesh presents a significant opportunity to put this integrated approach into practice. This agreement deepens our commitment to the state and provides a foundation for sustained collaboration. We thank Hon’ble Chief Minister Shri Yogi Adityanath Ji and his team for their engagement and support, and look forward to bringing our operational expertise and execution capabilities to this shared ambition.”
The engagement underscores the growing scope for Singapore businesses to contribute specialised capabilities to India’s infrastructure development. Environmental services offer a meaningful avenue for such cooperation, bringing together international experience, local understanding and long-term operational partnerships.
Mark Lee, Chairman, Singapore Business Federation, said:
“Strong business relationships create the foundation for long-term cooperation between Singapore and India. Our continued engagement with Uttar Pradesh is helping businesses better understand the state’s priorities and identify where their capabilities can make a meaningful contribution.
“Blue Planet’s agreement illustrates how these relationships can translate into collaboration in an essential sector such as environmental infrastructure. We appreciate the engagement of Hon’ble Chief Minister Shri Yogi Adityanath Ji and his government, and look forward to supporting partnerships that deliver enduring value.”
Blue Planet will continue working with the relevant authorities to advance the collaboration in line with local requirements. The company’s focus will be on applying its remediation, treatment and resource recovery capabilities to support more resilient municipal waste systems and Uttar Pradesh’s broader development objectives.
About Blue Planet Environmental Solutions
Headquartered in Singapore, Blue Planet Environmental Solutions is an integrated waste management company with capabilities across the waste value chain. Its solutions span legacy waste remediation, municipal and industrial waste management, recycling and resource recovery, e-waste management, and organic waste and bioenergy. Blue Planet works with governments, municipalities and businesses to advance circular resource use and its mission of Zero Waste to Landfill.
For more information, visit www.blueplanet.asia.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/blue-planet-strengthens-singaporeindia-partnership-with-uttar-pradesh-waste-infrastructure-agreement-302934475.html
SOURCE Blue Planet Environmental Solutions
24X Expands Digital Assets Prime Brokerage Partnership with Standard Chartered
Telecom Review Group Accelerates the Journey to 10Giga GCC with U6GHz
Blue Planet Strengthens Singapore-India Partnership with Uttar Pradesh Waste Infrastructure Agreement
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