Kornit Digital Ltd. · NASDAQ:KRNT
Kornit Digital — Q3 2025 Earnings Presentation
19 slides from Kornit Digital's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Earnings Conference Call Supporting Slides
Kornit Digital. All Rights Reserved. Kornit Digital. All Rights Reserved. Kornit Digital (NASDAQ: KRNT) Third Quarter 2025 Earnings Conference Call Supporting Slides November 5, 2025 Kornit Digital. All Rights Reserved.
Slide 2: On Today's Call
Kornit Digital. All Rights Reserved. On Today ’ s Call Ronen Samuel CEO Lauri Hanover CFO Jared Maymon Investor Relations
Slide 3: Safe Harbor
Kornit Digital. All Rights Reserved. Safe Harbor This presentation contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U . S . securities laws . Forward - looking statements are characterized by the use of forward - looking ter
Slide 4: Business Highlights
Kornit Digital. All Rights Reserved. Business Highlights
Slide 5: Third Quarter 2025 Recap
Kornit Digital. All Rights Reserved. Performance reflects operational execution and progress toward transforming Kornit into a business driven by recurring revenues , in an expanding addressable market , with sustained profitability Third Quarter 2025 Recap Q3'25 Revenues of $53.1m Q3'25 EBITDA marg
Slide 6: Progress Update
Kornit Digital. All Rights Reserved. Kornit's addressable market of bulk production runs below one thousand units represents approximately 6bn impressions • Kornit's goal is to serve 5% of this market by 2030 In the 18 months since the first Apollo installation, adoption continues to accelerate as c
Slide 7: Apollo & Atlas Progress Update
Kornit Digital. All Rights Reserved. Apollo & Atlas • Of Apollo and Atlas MAX PLUS systems sold in 2025 , 40 % were to new customers • 80 % of Apollo systems operate under the AIC model • Recently expanded AIC program to Asia with Atlas MAX PLUS and Apollo Progress Update All - Inclusive Click (AIC)
Slide 8: Recent Footwear Announcement Highlights
Kornit Digital. All Rights Reserved. • Showcased portfolio and announced commercial launch of Kornit's digital footwear solution at ITMA Singapore • Commercialization follows two years of pilot programs with leading brands • Already crossed milestone of one million pairs of shoe uppers produced usin
Slide 9: Third Quarter & YTD Recap, Looking Ahead
Kornit Digital. All Rights Reserved. Third Quarter & YTD Recap • Kornit is transitioning from one - time equipment sales to a recurring, usage - based model that will deliver improved visibility and profitability over time • Our plan for 2025 was to deliver profitability, generate cash, and drive gr
Slide 10: Financial Highlights
Kornit Digital. All Rights Reserved. Financial Highlights
Slide 11: Q3 Revenues
Kornit Digital. All Rights Reserved. • Q3 2025 revenues were $53.1 million • Year - over - year revenue growth was driven by growth in Product and service revenues • Consumables sales and revenue from the AIC model drove growth in Product revenues Revenues $50.7 $53.1 Q3 Revenues ($M) 2024 2025 65 %
Slide 12: Gross Margins
Kornit Digital. All Rights Reserved. • Q3 2025 non - GAAP gross margin of 45.8% compared to 50.3% in Q3 2024 • Year - over - year decline was primarily the result of inventory - related adjustments, US tariff costs and lower service gross margin, as expected Gross Margins 50.3 % 45.8% Q 3 Non - GAAP
Slide 13: Operating Expenses
Kornit Digital. All Rights Reserved. • Q3 2025 Non - GAAP Operating Expenses: $25.8 million, down from $26.8 million in Q3 2024 • Had the USD/Shekel exchange rate remained at the prior year level, Q3 2025 operating expenses would have been $25 million, or 7% below Q3 2024. Operating Expenses Non - G
Slide 14: P&L KPIs
Kornit Digital. All Rights Reserved. P&L KPI’s Q3 2025 Q3 2024 ($ .5 ) ($ . ) Non - GAAP Operating Loss $ . $ .5 Adjusted EBITDA $ 4. $5.5 Non - GAAP Net Income $0.09 $ 0 . Non - GAAP Diluted income per share ($2.6) ($ 0. ) GAAP Net Loss ($0.06) ($0.02) GAAP loss per share $ in
Slide 15: Balance Sheet & Cash Flow
Kornit Digital. All Rights Reserved. ― At quarter end, cash, including bank deposits and marketable securities, was ~$ ʧ 90 million ― Q 3 2025 cash generated from operating activities: ~$ 4.3 million ― Q 3 2025 free cash flow of ~$ 0.8 million ― Accounts receivable increase d ~$ 0.2 million from Q
Slide 16: Fourth Quarter 2025 Guidance
Kornit Digital. All Rights Reserved. ― Q4 2025 Revenues: ― Expected to be in the range of $56 million to $60 million ― Q4 2025 Adjusted EBITDA margin: ― Expected to be in the range of 7% to 10% Fourth Quarter 2025 Guidance
Slide 17: Kornit Digital. All Rights Reserved.
Kornit Digital. All Rights Reserved.
Slide 18: Impressions and ARR from AIC
Kornit Digital. All Rights Reserved. YoY Growth Q3 2025 TTM ended September 30, 2025 Q3 2024 TTM ended September 30, 2024 ~5% 232.0m impressions 221.3m impressions Q3 2025 As of September 30, 2025 $21.5m *ARR from AIC reflects the anticipated yearly revenue derived from all systems shipped on the AI
Slide 19: Thank You!
Kornit Digital. All Rights Reserved. Thank You!