Slide 1: Investor Presentation
Investor Presentation August 2026 © 2026 – A LL RI G HTS RES ERVED
Slide 2: Safe Harbor Disclosure
SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are
Slide 3: Investor Highlights
Investor Highlights ARLO INVEST OR PRESENT AT ION: AUGUST 2026 3 ©2026. ALL RIGHTS RESERVED.
Slide 4: Arlo protects your everything.
Arlo protects your everything. Arlo is a subscription software business in the smart security segment powered by a scaled, secure, and sophisticated platform with groundbreaking AI capabilities called Arlo Intelligence. We win on focus, innovation, and our privacy pledge. Arlo’s solutions have led t
Slide 5: Large, Growing, & Underpenetrated
Global Market Estimated @ 2-3x US Large, Growing, & Underpenetrated Smart Home Security Market Broader DIY Smart Home (Consumer, US) Arlo participates in the broader home security market that is $13.4B sized in the US at $25B in 2025 Adjacent Markets Estimated @ 3-4x TAM is further expanded by Europ
Slide 6: Overview
Overview Quick View Arlo Q2 2026 $156M Total Revenue Above range Above the high end of our guidance range Above range $93M Service Revenue Paid accounts Up 19% year over year Excellent execution Etc $365M ARR Up 16% year over year Rule of 40 = 45 Service revenue = 63% $31M EBITDA Up more than 70% ye
Slide 7: Paid Account Monthly Churn Rate & Outstanding Unit Economics
Paid Account Monthly Churn Rate(5) O utstand ing Unit Eco no m ics Security Service Ranked as Least Likely to Cancel Retail Accounts = 89% of ARR 1.0% $15.3 $917 2.0% Retail ARPU (1) Retail LTV (2) 4.0% 4.5% 94% $229 Retail Gross Margin (3) Retail CAC (4) 6.0% 6.0% 7.5% 4.0x LTV to CAC (4) 8.7% (1)
Slide 8: Q2 2026 Financial Results
Q2 2026 Financial Results ARLO INVEST OR PRESENT AT ION: AUGUST 2026 8 ©2026. ALL RIGHTS RESERVED.
Slide 9: Paid Accounts & Annual Recurring Revenue (ARR)
Paid Accounts & Annual Recurring Revenue (ARR) Product Revenue of +23% +16% $63M Y/Y Growth Y/Y Growth Up 23% year-over-year 6,303 $365.0 6,005 $356.9 Paid Accounts of 298K 5,687 5,396 $330.5 5,115 $323.2 added during the period $315.7 Monthly Subscriber Churn of <1% Leading Customer Retention Q2’25
Slide 10: Subscriptions and Services Revenue & Gross Margin
Subscriptions and Services Revenue & Gross Margin Record Total Revenue of 19% $156M Y/Y Growth Up 21% year-over-year $93.0 85.4% 85.1% 84.9% 84.1% $90.1 84.0% $89.4 Record Service Revenue $78.2 $79.9 60% of Total Revenue NRE Revenue from Onboarding of $1.2M Q2’25 Q3’25 Q4‘25 Q1’26 Q2‘26 Q2’25 Q3’25
Slide 11: Gross Profit & Margin and Adjusted EBITDA & Margin
Gross Profit & Margin and Adjusted EBITDA & Margin Gross Product Margins up +33% +70% 220 bps (excluding impact of tariff refund) Y/Y Growth Y/Y Growth Driven by Strong Partner Demand $78.8 $30.4 $30.6 $75.3 Consolidated Gross Margins up $67.6 480 bps $59.3 $23.3 $57.7 50.6% $18.0 50.1% $17.1 20.2%
Slide 12: Earnings Per Share and Free Cash Flow
Earnings Per Share and Free Cash Flow Non-GAAP Dilutive EPS $0.28 (including $0.07 tariff refund) +65% $0.28 +45% Y/Y Growth Y/Y Growth Up 65% year-over-year +$0.11 +$2.6m $8.5 Non-GAAP Net Income $31.1M (including $8 million tariff refund) $0.17 $5.9 Up 65% year-over-year Free Cash Flow up 45% Incl
Slide 13: Balance Sheet Metrics
Balance Sheet Metrics Ending Cash & ST Investments $141M $167 Inclusive of acquisition of Aloe Care 43 and stock repurchase $160 7.7 37 6.0 DSOs up to $141 31 5.5 37 Days Driven by Strong Product Sales Stock Repurchase Plan Returns $22M Q2’25 Q1’26 Q2’26 Q2’25 Q1’26 Q2’26 Q2’25 Q1’26 Q2‘26 of Capita
Slide 14: Looking Ahead: Continuing Growth
Looking Ahead Continuing Growth ARLO INVEST OR PRESENT AT ION: AUGUST 2026 14 ©2026. ALL RIGHTS RESERVED.
Slide 15: Growth Drivers and Unique SaaS Platform
Growth Drivers Unique SaaS Platform Arlo is poised for continued strong growth and is executing a multi-factor A sophisticated and performant SaaS platform built over the last 10 years strategy to achieve our long-range plan. This growth will come from gains with artificial intelligence at its core
Slide 16: Arlo Capital Allocation Plan
Arlo Capital Allocation Plan Arlo Cash Balance - $141 million at June 2026 Organic Investment Reinvest capital into organic growth opportunities • Next Generation platforms • Arlo Intelligence • SaaS platform expansion • Device roadmap expansion Organic • Adjacent sales, marketing, or new market bui
Slide 17: Financial Outlook: Q3 & Full Year 2026
Q3 & Full Year 2026 Financial Outlook ARLO INVEST OR PRESENT AT ION: AUGUST 2026 17 ©2026. ALL RIGHTS RESERVED.
Slide 18: Revised Q3 2026 and FY 2026 Guide
REVISED Q3 2026 Guide FY 2026 Guide Total Revenue $140 - $150M $580 - $600M Earnings per Share $0.17 - $0.23 $0.90 - $1.00 (non-GAAP) Service Revenue $375 - $385M ARLO INVEST OR PRESENT AT ION: AUGUST 2026 18 ©2026. ALL RIGHTS RESERVED.
Slide 19: Looking Ahead
Looking Ahead Arlo is set up for another successful year with past investments coming to fruition and numerous opportunities to drive service revenue growth and shareholder value. 1 SaaS Platform Innovation Powerful AI features driving engagement & subscription revenue 2 Continued Growth in Current
Slide 20: © 2026 – A LL RI G HTS RES ERVED
© 2026 – A LL RI G HTS RES ERVED
Slide 21: Reconciliations of GAAP Measures to Non-GAAP Measures
Reconciliations of GAAP Measures to Non-GAAP Measures Gross Profit, in thousands, except percentage data ARLO INVEST OR PRESENT AT ION: AUGUST 2026 21 ©2026. ALL RIGHTS RESERVED.
Slide 22: Reconciliations of GAAP Measures to Non-GAAP Measures
Reconciliations of GAAP Measures to Non-GAAP Measures Adjusted EBITDA, in thousands, except percentage data ARLO INVEST OR PRESENT AT ION: AUGUST 2026 22 ©2026. ALL RIGHTS RESERVED.
Slide 23: Reconciliations of GAAP Measures to Non-GAAP Measures
Reconciliations of GAAP Measures to Non-GAAP Measures Free Cash Flow, in thousands, except percentage data ARLO INVEST OR PRESENT AT ION: AUGUST 2026 23 ©2026. ALL RIGHTS RESERVED.