Slide 1: Q1 2026 Earnings
Q1 2026 Earnings May 19, 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: Q1-26: 12.0% YoY Revenue Increase and Improved Profitability
Q1-26: 12.0% YoY REVENUE INCREASE AND IMPROVED PROFITABILITY Quarterly Operating Margin Cash Revenue (Non-GAAP)* (No debt) New Quarterly Cash and cash equivalents and Revenue Record Improved Profitability short-term bank deposits $18.6M 20.1% Operating Margin $108.4M 12.0% YoY increase 1.1% YoY incr
Slide 8: Q1 Business Updates
Q1 BUSINESS UPDATES TIER-1 RENEWAL RADCOM NEURA LAUNCH ▪ Launched RADCOM Neura, our AI agent suite for ▪ Multi-year, high-seven-figure renewal with a Tier-1 agentic AI ecosystems operator ▪ Turns real-time network and subscriber data into ▪ Expands RADCOM ACE into new AI-driven, autonomous intellige
Slide 9: Launched Second Connector on ServiceNow Store
LAUNCHED SECOND CONNECTOR ON SERVICENOW STORE ▪ Extends deeper network intelligence directly into ServiceNow workflows ▪ Detect, validate, prioritize, and resolve issues faster, without leaving the platform ▪ Cuts manual work and improves operational efficiency 9
Slide 10: RADCOM Is the Refinery for Telecom Data
RADCOM IS THE REFINERY FOR TELECOM DATA RADCOM REFINERY RAW TELECOM SUBSCRIBER-LEVEL AI USE CASES & DATA CAPTURE CORRELATE TRANSFORM INSIGHTS AUTOMATION Signaling · User Real customer Network Sessions to Into AI-ready The intelligence AI plane · Control benefits traffic at scale subscribers insights
Slide 11: Expanding Sales Opportunities Through Partners
EXPANDING SALES OPPORTUNITIES THROUGH PARTNERS EXPANDED OPPORTUNITIES NVIDIA PARTNER-LEVERAGED SCALE AI infrastructure ▪ Reach extended through trusted partners and system integrators ▪ Access to new buyers, geographies, and AI use cases INFOSYS SERVICENOW ▪ Co-selling, co-marketing, Global delivery
Slide 12: Up to 70% Lower TCO, Validated by ACG Research
UP TO 70% LOWER TCO, VALIDATED BY ACG RESEARCH Server Footprint Comparison Incumbent vs RADCOM WHAT DRIVES THE SAVINGS Patented cloud-distributed architecture 300 ▪ Fewer servers required for the same workload ▪ Less datacenter space and lower power consumption 250 271 ▪ Handles large-scale network
Slide 13: 1GLOBAL & Visibility Deployments Progressing Well
1GLOBAL & VISIBILITY DEPLOYMENTS PROGRESSING WELL ▪ Q4 win: signed a multi-year agreement with 1GLOBAL, a global mobile communications provider with 43 million connections across Europe, North America, and Asia ▪ Now in deployment, reflecting growing demand for AI-driven assurance as operators moder
Slide 14: 5G Standalone Investment Is Accelerating
5G STANDALONE INVESTMENT IS ACCELERATING WHAT'S DRIVING IT Q4 2025 · 5G STANDALONE PACKET CORE 5G STANDALONE MOMENTUM 01 Operators accelerating Standalone (SA) deployments +83% to unlock new capabilities DIGITAL TRANSFORMATION 02 Continued investment in modern, cloud-native architecture to drive cos
Slide 15: Go-to-Market Activities
GO-TO-MARKET ACTIVITIES 1 NVIDIA GTC, Las Vegas LAS VEGAS March 16–19, 2026 2 TM Forum Tour Tokyo TOKYO March 24–26, 2026 3 Mobile World Congress, Barcelona BARCELONA March 2–5, 2026 WHY THESE EVENTS MATTER AI ECOSYSTEM STANDARDS & APAC GLOBAL OPERATORS Showcase AI use cases alongside NVIDIA and Eng
Slide 16: Focused on Scalable, Profitable Growth
FOCUSED ON SCALABLE, PROFITABLE GROWTH Reaffirming full-year 2026 revenue guidance of 8% to 12% Delivered a record $18.6M quarter 1 YoY growth, backed by strong visibility and customer 2 (+12% YoY), with a Tier-1 renewal and key deployments underway engagement Improved profitability to a 20.1% non-G
Slide 17: Financial Results and Performance
Hod Cohen Chief Financial Officer Financial results and performance 17
Slide 18: Q1 2026 Financial Highlights
Q1 2026 Q1 2026 Results Q1 Revenue Historical trend (M) Financial Q1 Revenue YoY growth (%) Highlights $18.6 Million 16.6 18.6 14.1 ▪ Revenue, representing Q1 Non-GAAP Gross Margin 12.0 12.0% growth Y-o-Y, as a continuation of 76.5% last year’s momentum ▪ Operating margin Q1 Non-GAAP* Operating Prof
Slide 19: Consolidated Statements of Operations (Non-GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (NON-GAAP) Three months ended (In thousands of U.S. dollars, except per share data) March 31, 2026 2025 NON-GAAP (1) Revenues $ 18,585 $ 16,591 Cost of revenues $ 4,368 $ 3,938 Gross profit $ 14,217 $ 12,653 Gross profit % 76% 76% Research and development, gross
Slide 20: Consolidated Statements of Operations (GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) Three months ended (In thousands of U.S. dollars, except per share data) March 31, 2026 2025 Revenues $ 18,585 $ 16,591 Cost of revenues $ 4,512 $ 4,092 Gross profit $ 14,073 $ 12,499 Gross profit % 76% 75% Research and development, gross $ 5,618 $ 4,749
Slide 21: FY2026 Revenue Outlook
FY2026 Five-year historical trend and FY2026 outlook ($M) Revenue Outlook ▪ Reaffirming FY 2026 revenue growth outlook of 8% - 12% YoY with midpoint of 10% ▪ Driven by a strong Revenue growth sales funnel, robust Y-o-Y growth (percentage) customer engagement, and ongoing market shifts toward intelli
Slide 22: Balance Sheet & Cash Flow
Cash and Bank Deposits Balance Sheet As of ($M) & Cash Flow 94.7 109.9 108.4 82.2 ▪ Ending Q1-2026 with cash & bank deposits of $108.4M FY2023 FY2024 FY2025 03/2026 ▪ Negative cash flow Cash Flow historical trend As of ($M) of $1.5M 15.3 12.5 ▪ No Debt 4.5 -1.5 FY2023 FY2024 FY2025 03/2026 Slide 22
Slide 23: Consolidated Balance Sheets
CONSOLIDATED BALANCE (In thousands of U.S. dollars, except per share data) As of As of SHEETS March 31, 2026 December 31, 2025 Cash and cash equivalents $ 10,960 $ 30,486 Short-term bank deposits $ 97,470 $ 79,437 Trade receivables, net $ 24,656 $ 20,245 Inventories $ 21 $ 318 Other accounts receiva
Slide 24: Reconciliation Between GAAP & Non-GAAP
RECONCILIATION (In thousands of U.S. dollars, except per share data) BETWEEN GAAP Three months ended March 31, & NON-GAAP 2026 (Unaudited) 2025 (Unaudited) CONSOLIDATED GAAP gross profit Stock-based compensation 14,073 89 12,499 99 STATEMENTS OF Amortization of intangible assets Non-GAAP gross profi
Slide 25: Reconciliation Between GAAP & Non-GAAP
RECONCILIATION (In thousands of U.S. dollars, except per share data) BETWEEN GAAP Three months ended & NON-GAAP 2026 March 31, 2025 CONSOLIDATED GAAP income before taxes (Unaudited) 3,392 (Unaudited) 2,582 STATEMENTS OF Stock-based compensation 1,471 1,600 Amortization of intangible assets 84 84 OPE
Slide 26: 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