Slide 1: Investor Presentation
UPDATED: MAY 2026 INTRODUCTION TO CELLEBRITE INVESTOR PRESENTATION www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 2: Disclaimer
This presentation has been prepared by Cellebrite DI Ltd. (the “Company”) solely for informational purposes. It is not, and s hou ld not be assumed to be, complete. This presentation is not an offer to sell securities, nor is it a DISCLAIMER solicitation of an offer to buy securities. This presentat
Slide 3: Mission: Protect Communities, Nations and Businesses
Mission Protect Communities, Nations and Businesses. Collect Manage Solution Solution We deliver the industry’s most comprehensive set of solutions that enable law enforcement, defense and intelligence agencies, and enterprises worldwide to convert digital data into actionable intelligence, accelera
Slide 4: Core Capabilities
Collect Solution Solution Manage Core Capabilities Core Capabilities Unlock Extract Decode Store Collaborate Evidence MNGT. Automate Lab Field Case MNGT. Core Capabilities Core Capabilities Vulnerability Res. App Security Automotive Multi-data Source Multi-device GenAI Industrial Systems Device Repl
Slide 5: Addressing Customer Challenges
Addressing Customer Challenges www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 6: The Rising Public Safety Gap: Powerful Macro Tailwinds
THE RISING PUBLIC SAFETY GAP: POWERFUL MACRO TAILWINDS 7 ↑ Digital Evidence Public Safety Gap ↑ Case Load (data volumes and cases) ↑ Criminal Technical o Static case closure rates Sophistication o Skills gap of agency staff o Escalating officer attrition & burnout ↑ Public Scrutiny o Funding challen
Slide 7: Powerful Demand Drivers
POWERFUL DEMAND DRIVERS 8 Three Major 01 Data Volume & Complexity → Constant crime rate and an increasing population* (leading to higher case load) → 97% cite smartphones as the top evidence source** Challenges → 94% say complexity strains caseloads** → Increasing criminal technical sophistication P
Slide 8: Our Customers Care About Time. Cellebrite Delivers.
9 Our Customers Care About Time. Cellebrite Delivers. Time -to-Data → Faster access to more devices. Extraction of more data. Time -to-Insights → Faster examinations. More actionable, high - value information. Time -to-Collaboration → Greater efficiency and productivity. Time -to-Evidence → Faster a
Slide 9: Virtually all crime has a digital component
50K IMAGES AND VIDEO Virtually all crime has a digital component 10 250 CHAT PARTIES, Increasing data volume and complexity limit MILLIONS OF MESSAGES investigative speed & efficiency 60% OF ALL IMAGE CLASSIFICATION & SIMILARITY INTERNET TRAFFIC TOPIC DETECTION OVER 30 COMMUNICATION APPS BUILT - IN
Slide 10: Why Cellebrite AI
Terrorism 11 Cybercrime Homicide Digital Narcotics Witnesses Child Exploitation Human Trafficking → Why Cellebrite AI RAPID ACTIONABLE INSIGHTS → Full traceability, ethical use, and Unique intimacy with the most complex evidential artifacts. human verification Domain expertise with investigative → S
Slide 11: Cellebrite AI: Genesis in Action
CELLEBRITE AI: GENESIS IN ACTION 12 It helped avert a school shooting. It accelerated a high - priority child exploitation case. Following the arrest of a young student who had threatened to commit a Genesis was used by local police to interrogate data from three mass school shooting, investigators
Slide 12: Example U.S. National Law Enforcement Agency
Example 01 U.S. National Law Enforcement Agency This U.S. federal law enforcement agency is expanding its use of Cellebrite solutions. • FY26 -Q1 expansion involved upgrading its collect capabilities in the lab and in the field; • ARR growth of ~25% thus far • Future expansion plans includes broader
Slide 13: Example EMEA: Defense & Intelligence Customer
Example 02 EMEA: Defense & Intelligence Customer A sovereign defense authority in EMEA is a longstanding Cellebrite customer. • Substantially increased its digital forensics capability by upgrading to Cellebrite’s newest solution • Utilizing new features and functionality to increase examination spe
Slide 14: Example U.S. SLG: County-Level DA Office
Example 03 U.S. SLG: County-Level DA Office This U.S. county - level prosecutorial office in the mid - Atlantic region broadened their use of Cellebrite solutions. • Expanded beyond digital forensics (Collect) to be one of Cellebrite’s first Guardian Investigate customers • A team of specialized cou
Slide 15: Example EMEA: National Law Enforcement Agency
Example 04 EMEA: National Law Enforcement Agency This national agency, focused on organized crime, expanded its use of Cellebrite solutions. • Expanded use of Cellebrite digital forensics (Collect) including lawful access for a wider range of smartphones • Added Corellium solution (Virtualize) for v
Slide 16: Acquisition of SCG Canada Inc.
ACQUISITION OF SCG CANADA INC. 17 TAM Expansion The addition of SCG’s portable, battery -powered drone forensic data extraction capability extends Cellebrite’s AI -powered and Innovation platform to unmanned aerial vehicles (drones), one of the fastest -growing data sources in defense and public saf
Slide 17: Financial Review
Financial Review www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 18: Financial Highlights
FINANCIAL HIGHLIGHTS 19 Rule of X $408M $493M + 21 % 55 53 ARR: MAR 25 ARR: MAR 26 $1 08 M $128 M +19% 23% 21% FY25 -Q1 TOTAL REVENUE: FY26 -Q1 $96 M $118M +23% FY25 -Q1 SUBSCRIPTION REVENUE: FY26 -Q1 32% 32% $24M 22% $31M 24 % FY25 -Q1 Adj. EBITDA & Adj. EBITDA %*: FY26 -Q1 TTM MAR -25 TTM MAR -26
Slide 19: Sustainable ARR Growth
SUSTAINABLE ARR GROWTH 20 $481 $493 $440 $408 $419 ARR ($M) Mar-25 Jun-25 Sep-25 Dec-25* Mar-25 % Total ARR Growth (Y/Y) 23% 21% 19% 21% 21% * Includes $16.1M in ARR from Corellium www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 20: ARR Growth
ARR GROWTH ($ IN MILLIONS) 21 $493.0 → MAR -26 ARR grew 21% $408.1 → Gross revenue retention ~92% → Existing customer expansion fuels most of the organic ARR growth → Growth products increased ~100% and represent ~14% of total ARR MAR-25 MAR-26 Guardian, Pathfinder & Corellium Families (Manage, AI &
Slide 21: ARR Growth by Geography & ARR Mix
ARR GROWTH BY GEOGRAPHY & ARR GEOGRAPHIC MIX 22 ARR BY $256 $261 $240 GEOGRAPHY $221 $226 ($ in millions) $166 $171 $142 $147 $136 $58 $61 $50 $51 $52 FY25 -Q1 FY 25 -Q2 FY25 -Q3 FY25 -Q4 FY26 -Q1 FY25 -Q1 FY 25 -Q2 FY25 -Q3 FY25 -Q4 FY26 -Q1 FY25 -Q1 FY 25 -Q2 FY25 -Q3 FY25 -Q4 FY26 -Q1 AMERICAS EM
Slide 22: Investing in Our Future
INVESTING IN OUR FUTURE 23 HEALTHY SOFTWARE PRUDENT INVESTMENT GROSS MARGIN TO SUPPORT GROWTH Cost of Goods Sold (Non -GAAP, $M) and Operating Expense (Non -GAAP, $M) and Gross Margin (Non -GAAP, %) Operating Expense Margin (Non -GAAP, % ) 85.1% 59.7% 85% 58% 64% 86% 86% 64% 62% 56% 84% 85% $81.6 $1
Slide 23: Cash Position: Strong Balance Sheet with Capacity for M&A
CASH POSITION: STRONG BALANCE SHEET WITH CAPACITY FOR M&A 24 CASH & INVESTMENTS Acquired Corellium Acquired SCG Canada for for $148M in cash ($ in millions) $15M+ in cash $535.0 $534.6 $483.8 $161.0 $140.8 $153.7 $331.8 $74.7 $205.7 $138.4 $249.5 $260.1 $67.6 $51.3 $66.8 $189.5 $191.7 $124.5 $133.7
Slide 24: Free Cash Flow and Free Cash Flow Margin
FREE CASH FLOW AND FREE CASH FLOW MARGIN 25 $ in millions 32.0% 31.9% 27.4% $158.6 $133.6 13.6% $94.0 $37.9 TTM 3/31/2023 TTM 3/31/2024 TTM 3/31/2025 TTM 3/31/2026 SEASONALLY STRONGER 2H OPERATING PERFORMANCE DRIVES HIGHER FCF MARGIN 1 Defined as cash flow provided by operations less capital expendi
Slide 25: Weighted Average Shares Outstanding – Basic
WEIGHTED AVERAGE SHARES OUTSTANDING – BASIC 26 196.7 198.9 208.7 233.2 237.2 240.3 243.5 245.3 246.4 3.5 Dilution continues to slow in line with 13.7 0.5 0.5 0.5 2.0 the Company’s forecast 7.4 0.7 1.2 1.0 0.6 1.2 Expecting WASO to increase each year by ~2% 238.3 243.0 244.8 245.9 233.0 218.3 195.7 1
Slide 26: Financial Forecast
FINANCIAL FORECAST 27 FY26 -Q2 FY26 FY25 EXPECTATIONS EXPECTATIONS (AS OF 5/14/26) (AS OF 5/14/26) ARR $481M $510M – $513M $567 M – $573 M ARR Growth (y/y) +21% +22% – +$23% +18% – +19% Revenue $476M $130M – $133M $565M – $571M Revenue Growth (y/y) +19% +15% – +17% +19% – +20% Adjusted EBITDA* $127.
Slide 27: Summary
SUMMARY 28 → A healthy market with powerful tailwinds → Purpose -built technology elevates productivity, efficiency and impact in public safety → End -to -end platform → AI -powered and cloud -ready solutions → Increasing wallet share with diverse, global customer base → Rule of X (ARR growth rate +
Slide 28: Appendix: Financial
Appendix Financial www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 29: Use of Non-GAAP Financial Information
USE OF NON -GAAP FINANCIAL INFORMATION 30 This presentation includes non -GAAP financial measures. Cellebrite believes that the use of non -GAAP cost of revenue, non -GAAP g ross profit, non -GAAP operating expenses, non -GAAP operating income, non -GAAP operating income margin, non -GAAP net income
Slide 30: Organic ARR Reconciliation
ORGANIC ARR (EXCLUDING ARR RELATED TO ACQUISITIONS) 31 RECONCILIATION FY22, FY23, FY24 BY QUARTER AND FY25 BY QUARTER FY 2023 FY 2024 FY 2025 FY 2026 Cellebrite DI Ltd. - Revenue Mix Yr Ended Quarter Ended Yr Ended Quarter Ended Yr Ended Quarter Ended (U.S. Dollars in thousands - unaudited) 31-Dec 3
Slide 31: Cost of Revenue and Gross Profit Reconciliation
COST OF REVENUE AND GROSS PROFIT 32 RECONCILIATION FY23, FY24 BY QUARTER AND FY25 BY QUARTER FY 2023 FY 2024 FY 2025 FY 2026 GAAP to Non‐GAAP Reconciliations Yr Ended Yr Ended Quarter Ended Yr Ended Quarter Ended (U.S. Dollars in thousands, except share and per share data) 31-Dec 31-Dec 31-Mar 30-Ju
Slide 32: Operating Expense & Operating Income Reconciliation
OPERATING EXPENSE & OPERATING INCOME 33 RECONCILIATION FY23, FY24 AND FY25 AND FY26 BY QUARTER FY 2023 FY 2024 FY 2025 FY 2026 GAAP to Non‐GAAP Reconciliations Yr Ended Yr Ended Quarter Ended Yr Ended Quarter Ended (U.S. Dollars in thousands, except share and per share data) 31-Dec 31-Dec 31-Mar 30-
Slide 33: Net Income & Adjusted EBITDA Reconciliation
NET INCOME & ADJUSTED EBITDA 34 RECONCILIATION FY23, FY24 AND FY25 AND FY26 BY QUARTER FY 2023 FY 2024 FY 2025 FY 2026 GAAP to Non‐GAAP Reconciliations Yr Ended Yr Ended Quarter Ended Yr Ended Quarter Ended (U.S. Dollars in thousands, except share and per share data) 31-Dec 31-Dec 31-Mar 30-Jun 30-S
Slide 34: Free Cash Flow and Free Cash Flow Margin Reconciliation
FREE CASH FLOW AND FREE CASH FLOW MARGIN 35 RECONCILIATION FY23, FY24 AND FY25 AND FY26 BY QUARTER FY 2023 FY 2024 FY 2025 FY 2026 GAAP to Non‐GAAP Reconciliations Yr Ended Yr Ended Quarter Ended Yr Ended Quarter Ended (U.S. Dollars in thousands, except share and per share data) 31-Dec 31-Dec 31-Mar
Slide 35: Free Cash Flow and Free Cash Flow Margin Reconciliation (TTM)
FREE CASH FLOW AND FREE CASH FLOW MARGIN 36 RECONCILIATION TTM 3/31/23, 3/31/24, 3/31/25 AND 3/31/26 FY22-Q2 FY22-Q3 FY22-Q4 FY23-Q1 TTM 3/31/2023 FY23-Q2 FY23-Q3 FY23-Q4 FY24-Q1 TTM 3/31/2024 Cash flows from operating activities $ (4,073) $ (556) $ 35,743 $ 12,476 $ 43,590 $ 16,576 $ 29,178 $ 43,82
Slide 36: Definitions
DEFINITIONS 37 → Annual Recurring Annual recurring revenue (ARR) is defined as the annualized value of active Revenue term -based subscription license contracts and maintenance contracts related to perpetual licenses in effect at the end of that period. Subscription license contracts and maintenance
Slide 37: Appendix: Customer Base & Growth Profile
Appendix Customer Base & Growth Profile www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 38: For Digital Investigations & Intelligence
39 FOR DIGITAL INVESTIGATIONS & INTELLIGENCE $493M ARR (3/31/26) ~7,000 Global Customers ~3 M Serious crime legally -sanctioned investigations in 2025* #1 Solution for digital forensic examiners 1,271 Employees (3/31/26) * Based on internal research estimates www.cellebrite.com May 2026 www.cellebri
Slide 39: World-Class Customer Base
World-Class 40 Customer Base Public Sector 3000+ North American state and local accounts 15/15 U.S . cabinet executive departments North American 50/50 U.S. s tates 100+ federal accounts Police department s in Member E.U. 20/20 the 20 l argest U.S. cities 27/27 national police 15/20 * Largest Europe
Slide 40: Growth Levers
MULTIPLE GROWTH LEVERS 41 Growth Levers Public Sector → Law Enforcement → Defense & Intelligence Private Sector → Enterprises → Service Providers IMPROVED NEW VIRTUALIZE MANAGE & AI COLLECT RETENTION LOGOS (Corellium) (Guardian, Genesis & (Inseyets) Pathfinder) www.cellebrite.com May 2026 www.celleb
Slide 41: Appendix: Market Trends, Drivers & Opportunities
Appendix Market Trends, Drivers & Opportunities www.cellebrite.com May 2026 www.cellebrite.com © 2026 Cellebrite DI Ltd.
Slide 42: The Value of Digital Evidence
THE VALUE OF DIGITAL EVIDENCE 43 95% 97% 83% 83% 74% 73% 90% 97% 2024 2025 2026 2024 2025 2026 Of crimes have a Rising Confidence in Say digital evidence is expected Investigators are seeing digital component 1 Digital Evidence & be used in every case 2 smartphones more Case Solvability 2 often in c
Slide 43: 1. Complexity & Volume
1. COMPLEXITY & VOLUME 44 94% 56% +76% % of respondents who say the of agency managers have % of locked phones Agencies continue to complexity of digital evidence noted a 76% growth in that reach the lab 1 encounter an average of 2 to 5 phones per case 1 has increased 1 digital data from devices ove
Slide 44: 2. Inefficient Processes
2. INEFFICIENT PROCESSES 45 Average Data Delivery Timeframe 50% 36% 6-10 Active cases at one time 14% 71% 68% <1 week 1-4 weeks >1 month Of Investigators say the Investigators are juggling ~10 weeks of Delivery timelines remain time it takes to review investigative work at any given time. 1 extended
Slide 45: 3. Ethics & Accountability
3. ETHICS & ACCOUNTABILITY 46 71% 30+ U.S. States 68% Of managers report Nearly 70% of respondents Passed police reform Of investigators say inadequate training as a rely on physical storage, and oversight bills the time required to major challenge. 1 such as portable hard drives since 2020 2 review
Slide 46: AI & the Cloud
AI & THE CLOUD 47 Receptiveness to Using Cloud for Digital Evidence 38% 42% 35% 65% 78% 59% 2024 2025 2026 of respondents who believe say that better investigative Agencies are becoming more say they are using or that AI can accelerate tools would alleviate open to using the cloud for digital active