Slide 1: Investor Presentation May 2026
Investor Presentation May 2026 © 2026 – A LL RI G HTS RES ERVED
Slide 2: Safe Harbor Disclosure
SAFE HARBO R 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: MAY 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: Arlo Q1 2026
Rule of 40 Overview Quick View 49 Arlo Q1 2026 Q1 SaaS Score $150M Total Revenue Above range Above the high end of our guidance range Above range $90M Service Revenue Paid accounts Up more than 31% year over year Excellent execution Etc $357M ARR Up more than 29% year over year Rule of 40 = 45 Servi
Slide 7: Paid Account Monthly Churn Rate and 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: Q1 2026 Financial Results
Q1 2026 Financial Results ARLO INVEST OR PRESENT AT ION: MAY 2026 8 ©2026. ALL RIGHTS RESERVED.
Slide 9: Paid Accounts & Annual Recurring Revenue (ARR)
Paid Accounts & Annual Recurring Revenue (ARR) Product Revenue of 23% Y/Y Growth 29% Y/Y Growth $60M 24% Y/Y Growth Up 20% year-over-year $356.9 6,005 $330.5 Paid Accounts surpassed the 5,687 $323.2 6M 5,396 $315.7 5,115 $276.4 4,897 mark during the period Monthly Subscriber Churn of <1% Leading Cus
Slide 10: Subscriptions and Services Revenue & Gross Margin
Subscriptions and Services Revenue & Gross Margin Retail ARPU Growth of 31% Y/Y Growth 230 bps Y/Y Growth 16% Fueled Strong ARR Results $90.1 $89.4 85.4% 85.1% 84.9% Q1’26 Total Revenue 84.0% $79.9 $78.2 83.1% $150M $68.8 Up 26% year-over-year Q1’26 Services Revenue 60% Q1’25 Q2’25 Q3‘25 Q4’25 Q1‘26
Slide 11: Gross Profit & Margin and Adjusted EBITDA & Margin
Gross Profit & Margin and Adjusted EBITDA & Margin Gross Product Margins up 39% 85% Y/Y Growth Y/Y Growth 340 bps Driven by Strong Partner Demand $75.3 $30.4 $67.6 Consolidated Gross Margins up $59.3 $57.7 $54.1 460 bps $23.3 50.1% 20.2 % 47.8% $18.0 45.5% 45.8% $16.4 $17.1 Despite tariff headwinds
Slide 12: Balance Sheet Metrics
Balance Sheet Metrics Ending Cash & ST Investments $167M $167 34 6.3 up $14M $166 31 DSOs Decline to $153 26 5.9 6.0 31 Days Driven by Services Acceleration Share Repurchase Plan returns $8M Q1’25 Q4’25 Q1’26 Q1’25 Q4’25 Q1’26 Q1’25 Q4’25 Q1‘26 of Capital to Shareholders in 1Q26 Cash & ST Investment
Slide 13: Looking Ahead
Looking Ahead Continuing Growth ARLO INVEST OR PRESENT AT ION: MAY 2026 13 ©2026. ALL RIGHTS RESERVED.
Slide 14: Growth Drivers 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 15: Arlo Capital Allocation Plan
Arlo Capital Allocation Plan Arlo Cash Balance - $167 million at March 2026 Organic Investment Reinvest capital into organic growth opportunities • Next Generation platforms • Arlo Intelligence Organic • SaaS platform expansion Share • Device roadmap expansion Repurchase • Adjacent sales, marketing,
Slide 16: Arlo Acquires Aloe Care
Arlo Acquires Aloe Care ARLO INVEST OR PRESENT AT ION: MAY 2026 16 ©2026. ALL RIGHTS RESERVED.
Slide 17: Aging population and home care market statistics
82M 87% 90% Adults over 65 in the United States by Adults over 65 want to stay in their Homes in the United States are not 2050 – 47% growth from today current homes “aging ready” according to HHS 14M $80B >$300B Falls occur per year in people over 65 Annual spend on fall-related injuries in Size of
Slide 18: Powerful, Innovative, Impactful
Powerful, Innovative, Impactful Aloe Care has created a truly innovative ecosystem to address the age-in-place and home care market. It consists of unique devices, cloud services, AI-based insights, and a simple, powerful user experience for individual caregivers or companies managing a population o
Slide 19: At Home, On The Go, Home + On The Go
At Home On The Go Home + On The Go Direct access to 24/7 emergency help Direct access to 24/7 emergency help All services from “At Home” plan Voice or button triggers Button triggers, direct dial All service from “On The Go” plan 2-way voice communications 2-way voice communications Integrated into
Slide 20: Financial Outlook
Q2 & Full Year 2026 Financial Outlook ARLO INVEST OR PRESENT AT ION: MAY 2026 20 ©2026. ALL RIGHTS RESERVED.
Slide 21: Q2 2026 Guide and FY 2026 Guide
Q2 2026 Guide FY 2026 Guide Total Revenue $145 - $155M $550 - $580M Earnings per Share $0.17 - $0.23 $0.75 - $0.85 (non-GAAP) Service Revenue $375 - $385M ARLO INVEST OR PRESENT AT ION: MAY 2026 21 ©2026. ALL RIGHTS RESERVED.
Slide 22: 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 23: © 2026 – A LL RI G HTS RES ERVED
© 2026 – A LL RI G HTS RES ERVED
Slide 24: 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: MAY 2026 24 ©2026. ALL RIGHTS RESERVED.
Slide 25: 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: MAY 2026 25 ©2026. ALL RIGHTS RESERVED.
Slide 26: 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: MAY 2026 26 ©2026. ALL RIGHTS RESERVED.