Slide 1: Q3-25 Earnings
Q3-25 Earnings November 12, 2025 Benny Eppstein CEO Hadar Rahav 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 commitment to delivering solutions that are transforming th
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 Hadar Rahav Chief Financial Officer 3 Q&A 4
Slide 5: Today's Speakers
TODAY’S SPEAKERS Benny Eppstein Chief Executive Officer Hadar Rahav Chief Financial Officer 5
Slide 6: Business Performance and Company Strategy
Benny Eppstein Chief Executive Officer Business Performance and Company Strategy 6
Slide 7: Q3-25: 16.2% Revenue Increase and Improved Profitability
Q3-25: 16.2% REVENUE INCREASE AND IMPROVED PROFITABILITY Quarterly Operating Margin Cash Generation Revenue (Non-GAAP)* (No debt) New Quarterly Ended Q3-25 with Record-High Improved Profitability Revenue Record Cash and Bank Deposits $18.4M 20.9% Operating Margin $106.7M 16.2% YoY increase 4.2% YoY
Slide 8: Strong Demand for AI-Driven Assurance
STRONG DEMAND FOR AI-DRIVEN ASSURANCE AI Demand & Trusted Data AI is transforming the telecom industry: ▪ The AI in telecom market is valued at $3.34 billion and is expected to grow at a 43.3% CAGR through 2032* ▪ AI drives superior customer experiences while enabling operators to reduce costs and o
Slide 9: 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 ▪ Delivers continuous, real-time netw
Slide 10: 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 11: 1GLOBAL: New Multi-Year Contract Win
1GLOBAL: NEW MULTI-YEAR CONTRACT WIN ▪ Signed a multi-year agreement with 1GLOBAL, a global mobile communications provider with 43 million connections across Europe, North America, and Asia. ▪ RADCOM ACE selected as their AI-powered, cloud-native assurance platform to enhance customer experience and
Slide 12: Trusted by Leading Operators Worldwide
TRUSTED BY LEADING OPERATORS WORLDWIDE ▪ AT&T continues to grow its subscriber base, reflecting strong market performance ▪ RADCOM supports AT&T’s growth by delivering real-time assurance for service quality and user experience ▪ Expanded 5G footprint, now exceeding 9 million subscribers in Japan ▪
Slide 13: Go-To-Market Activities
GO-TO-MARKET ACTIVITIES 1 Telekom Campus Fair 2025 2 Innovate Americas 3 Network X, Paris, France RADCOM PREDICTIVE COMPLAINT RESOLUTION “This submission is exceptional, driven by impressive financial metrics and strategic partnerships. It successfully frames the industry problem of customer dissati
Slide 14: Focused on Scalable, Profitable Growth
FOCUSED ON SCALABLE, PROFITABLE GROWTH Converting a strong pipeline Deepening strategic partnerships 1 into revenue while expanding our global customer base 2 to accelerate innovation and broaden our market reach Investing in AI and automation to Driving consistent profitability and 3 strengthen our
Slide 15: Financial Results and Performance
Hadar Rahav Chief Financial Officer Financial results and performance 15
Slide 16: Q3 2025 Financial Highlights
Q3 2025 Q3 2025 Results Q3 Revenue Financial Q3 Revenue historical trend ($M) Highlights $18.4 Million 15.8 18.4 13.2 12.0 ▪ Record revenue, Q3 Non-GAAP Gross Margin representing 16.2% 77.1% growth y-o-y, on- Q3/2022 Q3/2023 Q3/2024 Q3/2025 track for another Q3 Non-GAAP* Operating Profit year of dou
Slide 17: Balance Sheet & Cash Flow
Cash and Bank Deposits Balance Sheet As of ($M) & Cash Flow 82.2 94.7 106.7 77.7 ▪ Positive cash flow of $5.1M for Q3/25 2022 2023 2024 Q3/2025 Cash Flow historical trend ▪ Ending Q3 2025 ($M) with the Highest 4.1 5.1 cash & bank deposits of 0.3 Slide 29 Q3/2022 Q3/2023 Q3/2024 Q3/2025 $106.7M -2.2
Slide 18: FY2025 Revenue Outlook
FY2025 Five-year historical trend and FY2025 outlook ($M) Revenue 71.1 Outlook 51.6 61 46.1 ▪ Reaffirming 40.3 FY 2025 revenue growth outlook of 15% - 18% YoY with midpoint of 16.5% FY2021 FY2022 FY2023 FY2024 FY2025 (Guidance midpoint) ▪ Driven by a strong Revenue growth sales funnel, robust Expect
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 Nine months ended September 30, September 30, 2025 2024 2025 2024 Revenues $ 18,388 $ 15,821 $ 52,637 $ 44,745 Cost of revenues $ 4,364 $ 4,064 $ 12,823 $ 11,609 Gross profit $ 14,02
Slide 20: 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 Nine months ended September 30, September 30, 2025 2024 2025 2024 NON-GAAP (1) Revenues $ 18,388 $ 15,821 $ 52,637 $ 44,745 Cost of revenues $ 4,209 $ 3,900 $ 12,357 $ 11,150 Gro
Slide 21: Reconciliation Between GAAP & Non-GAAP
(In thousands of U.S. dollars, except per share data) RECONCILIATION Three months ended Nine months ended BETWEEN GAAP September 30, 2025 2024 September 30, 2025 2024 & NON-GAAP (Unaudited) (Unaudited) (Unaudited) (Unaudited) GAAP gross profit 14,024 11,757 39,814 33,136 CONSOLIDATED Stock-based com
Slide 22: Reconciliation Between GAAP & Non-GAAP
(In thousands of U.S. dollars, except per share data) RECONCILIATION BETWEEN GAAP Three months ended Nine months ended September 30, September 30, & NON-GAAP 2025 2024 2025 2024 CONSOLIDATED GAAP income before taxes (Unaudited) 3,578 (Unaudited) 2,283 (Unaudited) 8,693 (Unaudited) 4,812 STATEMENTS O
Slide 23: Consolidated Balance Sheets
CONSOLIDATED (In thousands of U.S. dollars, except per share data) BALANCE As of As of September 30, 2025 December 31, 2024 SHEETS Cash and cash equivalents Short-term bank deposits $ $ 15,941 90,744 $ $ 19,243 75,429 Trade receivables, net $ 17,302 $ 19,038 Inventories $ 294 $ 1,667 Other accounts
Slide 24: 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