Cellebrite DI Ltd

Latest Results (07.01.2026):

Cellebrite DI Ltd.'s third quarter of 2025 (Q3 2025) results show continued subscription-led growth and strong profitability: revenue was $126.0 million (up 18% year-over-year), ARR grew 19% to $439.8 million, GAAP net income was $20.2 million and non‑GAAP net income was $36.9 million, with adjusted EBITDA of $37.7 million (29.9% margin).

Revenue & ARR

Q3 2025 revenue: $126.0M, +18% YoY. Annual Recurring Revenue (ARR) reached $439.8M, +19% YoY. The company reported a recurring revenue dollar-based net retention rate of 117%.

Profitability

GAAP net income for Q3 2025 was $20.2M (GAAP diluted EPS $0.08). Non‑GAAP net income was $36.9M (non‑GAAP diluted EPS $0.14). Adjusted EBITDA was $37.7M, representing a 29.9% adjusted EBITDA margin.

Margins & Cost

GAAP gross margin for the quarter was 83.9% (non‑GAAP gross margin 84.5%). GAAP operating margin was 15.1%, while non‑GAAP operating margin expanded to 28.5%.

Cash, Liquidity & Free Cash Flow

Cellebrite ended Q3 2025 with $281.4M in cash and cash equivalents and total assets of $834.3M. Net cash from operating activities was $33.3M for the quarter; free cash flow was $29.95M, with a free cash flow margin of 23.8% for the quarter. Management targets ~30% free cash flow margin for full‑year 2025 and low‑30% FCF margins as they scale in 2026.

Balance Sheet & Shareholders’ Equity

Total liabilities were $386.6M and total shareholders’ equity was $447.7M as of September 30, 2025. Cash, short‑term deposits and marketable securities together provide substantial liquidity on the balance sheet.

Guidance & Outlook

Q4 2025 revenue guidance: $123M–$128M. Full‑year 2025 revenue guidance: $470M–$475M (17%–18% growth). Full‑year adjusted EBITDA guidance: $124M–$127M (26%–27% margin). ARR full‑year target: $460M–$475M. Guidance excludes any contribution from the pending Corellium acquisition.

Business & Product Highlights

Cellebrite emphasized continued investment in its Digital Investigation Platform (Autumn 2025 Release), announced Guardian Investigate (SaaS agentic AI solution) coming early 2026, expanded Inseyets device support and promoted the pending Corellium acquisition to extend mobile virtualization capabilities. Management noted encouraging U.S. federal traction and expected momentum as government budgets and cloud authorization progress.