Slide 1: Q4 and Full Year 2025 Earnings
Q4 and Full Year 2025 Earnings February 11, 2026 Benny Eppstein CEO Hod Cohen CFO 1
Slide 2: Safe Harbor Provision
SAFE HARBOR PROVISION This conference call will contain forward-looking statements. Forward-looking statements in the conference call involve several risks and uncertainties, including, but not limited, to the Company's statements about its momentum, strategic direction and goals, mar ket position a
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES The In this presentation conferenceof call, thismanagement additional information will refer to is not certain meant non-GAAP to be considered financial measures, a substitute which for the arecorresponding provided to enhance financialthe measures user's overall prepared
Slide 4: Agenda
AGENDA Business Performance and Company Strategy 1 Benny Eppstein Chief Executive Officer Financial Results and Performance 2 Hod Cohen Chief Financial Officer 3 Q&A 4
Slide 5: Today's Speakers
TODAY’S SPEAKERS Benny Eppstein Chief Executive Officer Hod Cohen Chief Financial Officer 5
Slide 6: Business Performance and Company Strategy
Benny Eppstein Chief Executive Officer Business Performance and Company Strategy 6
Slide 7: FY 2025: 17.2% Year-over-Year Growth
FY 2025: 17.2% YEAR-OVER-YEAR GROWTH SIXTH CONSECUTIVE YEAR OF REVENUE GROWTH FY 2025 Operating Margin Cash Generation (Non-GAAP)* (No debt) New Company Highest annual operating Ended 2025 with Record-High Revenue Record margins to date Cash and Bank Deposits $71.5M 20.6% Operating Margin $109.9M 17
Slide 8: Q4-25: 16.0% Revenue Increase and Improved Profitability
Q4-25: 16.0% REVENUE INCREASE AND IMPROVED PROFITABILITY Quarterly Operating Margin Cash Generation Revenue (Non-GAAP)* (No debt) New Quarterly Ended Q4-25 with Record-High Improved Profitability Revenue Record Cash and Bank Deposits $18.9M 23.0% Operating Margin $109.9M 16.0% YoY increase 5.4% YoY
Slide 9: A Third of Operators Are Planning for Agentic AI
A THIRD OF OPERATORS ARE PLANNING FOR AGENTIC AI, WITH MANY LOOKING AT DEPLOYMENTS IN 2026 Timeline to implement agentic AI Current data management process When do you plan to implement agentic AI? How is your company’s data currently managed? End-to-end data This year (2025) 14% 41% architecture 20
Slide 10: Launched RADCOM High-Capacity Data Analytics
LAUNCHED RADCOM HIGH-CAPACITY DATA ANALYTICS ▪ Industry-first 400 Gbps assurance powered by NVIDIA BlueField-3 ▪ Real-time customer insights with up to 75% OPEX reduction ▪ AI-driven, future-ready platform for 5G and beyond 10
Slide 11: New Multi-Year Contract Win and Expansion
NEW MULTI-YEAR CONTRACT WIN AND EXPANSION ▪ Signed a multi-year agreement with 1GLOBAL, a global mobile communications provider with 43 million connections across Europe, North America, and Asia. ▪ Demonstrates growing demand for AI-driven assurance as operators modernize and expand to the cloud. ▪
Slide 12: Trusted by Leading Operators Worldwide
TRUSTED BY LEADING OPERATORS WORLDWIDE ▪ AT&T sustains leading network performance across the industry ▪ RADCOM continues providing intelligent and automated assurance that drives end-to-end network visibility and improves the quality of the subscribers’ experience ▪ Now exceeding 10 million subscri
Slide 13: Partnership with NVIDIA
PARTNERSHIP WITH NVIDIA Next-Generation High-Capacity User Analytics ▪ Powered by NVIDIA BlueField-3 DPU, delivering real-time analytics at a fraction of the cost ▪ First vendor to capture 400 Gbps on a single server ▪ Up to 75% lower operational costs vs traditional probes ▪ Provides full network v
Slide 14: Partnership with ServiceNow
PARTNERSHIP WITH SERVICENOW Advancing AI-Driven Operations with ServiceNow ▪ Completed integration of RADCOM AIM, our AIOps solution, with ServiceNow’s Service Operations Management platform ▪ Certified and listed in the ServiceNow Store as an official connector ▪ Will showcase multiple partner demo
Slide 15: Go-to-Market Activities
GO-TO-MARKET ACTIVITIES 1 Fyuz, Dublin 2 Network X, Paris UPCOMING 3 Mobile World Congress, Barcelona 4 NVIDIA GTC, Las Vegas 15
Slide 16: Focused on Scalable, Profitable Growth
FOCUSED ON SCALABLE, PROFITABLE GROWTH Positioned for another year of Driving revenue from a growing 1 double-digit revenue growth and a seventh consecutive year of growth 2 pipeline while deepening relationships with existing customers Focused on sustained profitability, AI continues to be a key gr
Slide 17: Q4 2025 Financial Highlights
Q4 2025 Q4 2025 Results Q4 Revenue Financial Q4 Revenue Historical trend (M) YoY growth (%) Highlights $18.9 Million 16.0% 18.9 16.4% 16.3 14.0 ▪ Record revenue, Q4 Non-GAAP Gross Margin 12.3 13.8% representing 16.0% 77.6% growth y-o-y, on- track for another Q4 Non-GAAP* Operating Profit Q4/2022 Q4/
Slide 18: Consolidated Statements of Operations (Non-GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (NON-GAAP) (In thousands of U.S. dollars, except per share data) Three months ended Twelve months ended December 31, December 31, 2025 2024 2025 2024 NON-GAAP (1) Revenues $ 18,857 $ 16,264 $ 71,494 $ 61,009 Cost of revenues $ 4,224 $ 3,989 $ 16,581 $ 15,140 Gro
Slide 19: Consolidated Statements of Operations (GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) (In thousands of U.S. dollars, except per share data) Three months ended Twelve months ended December 31, December 31, 2025 2024 2025 2024 Revenues $ 18,857 $ 16,264 $ 71,494 $ 61,009 Cost of revenues $ 4,370 $ 4,137 $ 17,193 $ 15,746 Gross profit $ 14,48
Slide 20: FY2026 Revenue Outlook
FY2026 Five-year historical trend and FY2026 outlook ($M) Revenue Outlook ▪ Reaffirming FY 2026 revenue growth outlook of 8% - 12% YoY with midpoint of 10% ▪ Driven by a strong Revenue growth sales funnel, robust Y-o-Y growth (percentage) customer engagement, and ongoing market shifts toward intelli
Slide 21: Balance Sheet & Cash Flow
Cash and Bank Deposits Balance Sheet As of ($M) & Cash Flow 94.7 109.9 82.2 77.7 ▪ FY 2025 Positive cash flow of $15.2M ▪ Q4/25 Positive cash flow of $3.2M FY2022 FY2023 FY2024 FY2025 Cash Flow historical trend ▪ Ending 2025 with the As of ($M) Highest cash & bank deposits of $109.9M ▪ No Debt 21
Slide 22: Consolidated Statements of Operations (GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) (In thousands of U.S. dollars, except per share data) Three months ended Twelve months ended December 31, December 31, 2025 2024 2025 2024 Revenues $ 18,857 $ 16,264 $ 71,494 $ 61,009 Cost of revenues $ 4,370 $ 4,137 $ 17,193 $ 15,746 Gross profit $ 14,48
Slide 23: Thank You
THANK YOU All rights reserved. This presentation contains proprietary information of RADCOM Ltd. Without the express prior written permission of RADCOM Ltd., no part of the contents hereof may be used for any other purpose, disclosed to persons or firms outside the recipient company, or reproduced b
Slide 24: Consolidated Balance Sheets
CONSOLIDATED BALANCE (In thousands of U.S. dollars, except per share data) As of As of SHEETS December 31, 2025 December 31, 2024 Cash and cash equivalents $ 30,486 $ 19,243 Short-term bank deposits $ 79,437 $ 75,429 Trade receivables, net $ 20,245 $ 19,038 Inventories $ 318 $ 1,667 Other accounts r