Slide 1: Q4 2025 Earnings Call
Forward Looking Statements This announcement contains certain forward-looking statements within the including but not limited to, the ability to implement business plans, forecasts, meaning of the federal securities laws, including statements regarding the and other expectations, the ability to conv
Slide 2: Q4 2025 Earnings Call
Q4 2025 Earnings Call February 25, 2026
Slide 3: Forward Looking Statements
Forward Looking Statements This announcement contains certain forward-looking statements within the including but not limited to, the ability to implement business plans, forecasts, meaning of the federal securities laws, including statements regarding the and other expectations, the ability to conv
Slide 4: Highlights
Recent Record Full-Year Performance • 2025 revenues of $55.1M grew approximately Highlights 2.3x year over year • 2025 Gross margins of 23% • 2025 Cash burn* of $49.3M; Q4 25 $7.3M Selected by Daimler Truck and Torc Robotics Short-range LiDAR supplier for series production of L4 class 8 semi trucks;
Slide 5: Outlook
Revenue Total Lidars Sales Auto + Non-Auto Outlook Non-Auto LiDAR ~10% ~20%+ ~1% Revenue 2025 2026 2027 2028 2029 NRE 70% 60% 40% 30% 20% Revenue Program SOPs The revenue mix percentages depicted above are for illustrative purposes only and do not represent actual, projected, or forecasted figures o
Slide 6: Enabling Physical AI World Models
Enabling Physical AI World Models AI is moving into the physical world, representing one of the largest opportunities of the coming decades Physical AI requires a fundamentally different foundation from Digital AI, with perception at the center We believe LiDAR is emerging as the most reliable metho
Slide 7: Our Mission and Vision
2016 Our To enable Mission safe autonomous driving 2021 To become the World’s Leading Tier-1 Direct Supplier of LiDAR & Perception Software 2026 Vision Statement To be the world’s premier large-scale supplier of best-in-class LiDAR solutions for autonomous driving and beyond, accelerating the rise o
Slide 8: L4 Trucking with Daimler Truck and Torc
L4 Trucking with Daimler Truck and Torc Daimler Truck Robotics Select Innoviz for Series Production of Autonomous Trucks Daimler Truck and its subsidiary Torc Robotics selected Innoviz as the short- range LiDAR supplier for series production of L4 class 8 semi trucks Innoviz will be shipping multipl
Slide 9: Automotive Progress
Automotive Progress Planned L4 SOPs with Mobileye, VW, and Daimler Truck; test fleets of VW ID Buzz in 6 cities in US/Europe in 2026 Increase in L3 activity, with multiple RFQs for 2028 and beyond – L3 is now a key KPI for upcoming car designs Innoviz is poised to compete and win on Automotive RFQs
Slide 10: InnovizThree Behind the Windshield
InnovizThree Behind the windshield InnovizThree is designed for behind-the- windshield deployment with a smaller form factor and lower power consumption RGB Camera integration simplifies sensor fusion, streamlines packaging and enables faster deployment Lower cost (35% below InnovizTwo) makes it a c
Slide 11: Traction with InnovizSMART & InnovizSMARTer
Traction with InnovizSMART & InnovizSMARTer Based on InnovizTwo platform and optimized for non-automotive and Physical AI World Model use cases InnovizSMART has been deployed as part of perimeter security solutions; outperforming existing radar/camera systems InnovizSMARTer is a one-box solutions th
Slide 12: 2026 Targets
2026 Targets Expanding Growing Revenues Adding New NRE Payment Physical AI LiDAR revenue via sales of LiDAR, $67-73M 2-3 Plans Target revenues new programs, Revenue +~27% 2025 levels New Programs $20-30M ~10% and NREs from ~1% in 2025 © Innoviz Technologies Ltd. 2026 All Rights Reserved – Proprietar
Slide 13: Q4 and Full Year 2025 Financial Update
Q4 and Full Year 2025 Financial Update Eldar Cegla, Chief Financial Officer © Innoviz Technologies Ltd. 2026 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner.
Slide 14: 2025 Financials
2025 Financials Revenues Cash used in Operations & Capital Expenditures** $81.4M $55.1M Revenues OpEx Revenues grew to Reduced operating $55.1M, compared expenses to $80.6M, to $24.3M in 2024 a ~20% decrease from $49.3M $100.8M in 2024 $24.3M Cash Burn Liquidity 2025 cash burn** of $49.3M, compared
Slide 15: Key Takeaways
Key Takeaways Financials Daimler/Torc InnovizThree InnovizSMART InnovizSMARTer 2025 revenues of Selected for series Designed with smaller Accelerating Integrates LiDAR and $55.1M are ~2.3x production of L4 class size, lower power traction in non- Nvidia edge greater than 2024, 8 semi trucks by consu
Slide 16: Q&A
QO8&A © INNO VIZ TECHNOLOGIES
Slide 17: Thank You!
Thank You! fo) INNOVIZ TECHNOLOGIES