Cellebrite DI Ltd. delivers specialized digital intelligence solutions crafted for legally authorized investigations. Their comprehensive DI platform enables users to efficiently gather, ...
Cellebrite DI Ltd. (NASDAQ: CLBT) is a digital forensics and investigative intelligence technology provider headquartered in Petah Tikva, Israel. Founded in 1999, the company focuses on enabling legally authorized digital investigations for public-sector and enterprise customers. Its core mission is to help investigators gather, scrutinize, interpret, and oversee digital information ...Cellebrite DI Ltd. (NASDAQ: CLBT) is a digital forensics and investigative intelligence technology provider headquartered in Petah Tikva, Israel. Founded in 1999, the company focuses on enabling legally authorized digital investigations for public-sector and enterprise customers. Its core mission is to help investigators gather, scrutinize, interpret, and oversee digital information across the investigative lifecycle—particularly in high-impact scenarios such as child exploitation, homicides, counter-terrorism, border control, sexual offenses, human trafficking, corporate security incidents, intellectual property theft, and civil litigation.
At the product level, Cellebrite is best known for the Universal Forensic Extraction Device (UFED), a forensic extraction solution designed to overcome common barriers to accessing digital evidence, including device locks, encryption, deleted data, and complex or obscured content. Beyond extraction, the platform ecosystem supports investigative analytics and specialized workflows. Seeker supports analysis of video footage, OSINT Analyze provides real-time deep-dive investigation capabilities for open-source information across the surface, deep, and dark web, and Crypto Tracer helps interpret blockchain transactions and related data to identify and categorize digital wallets and activities.
The company’s scale is reflected in the widespread adoption of its tools: public materials cited in the provided overview indicate usage by 60,000+ agencies in approximately 150 countries and that customers can accelerate a large volume of legally sanctioned investigations annually. Cellebrite operates internationally through direct presence and customer deployments, serving federal, state, and local government bodies as well as enterprises and service providers.
From a business and services perspective, Cellebrite typically sells technology and licenses that are implemented by law enforcement, intelligence, and compliance/security teams, often requiring training, configuration, and ongoing support to keep pace with new device models, operating system versions, encryption methods, and investigative requirements. Costs to customers can therefore extend beyond the upfront license, including deployment, operator training, case-management workflow integration, and periodic updates. In enterprise contexts, additional factors may include governance, chain-of-custody process alignment, data handling requirements, and alignment with internal incident response or legal hold procedures.
Financially (high-level), the provided dataset shows a market capitalization in the billions of USD and indicates active NASDAQ trading; operating metrics and valuation multiples can be used by investors to assess profitability, cash generation, and market expectations. Key leadership information provided includes CEO Shiv (Shiven) Ramji. As a publicly traded company, Cellebrite’s ongoing priorities generally include expanding investigative capabilities across more data sources (mobile, video, open-source, and blockchain), improving extraction and analytics performance, and supporting customers with rapidly evolving forensic and intelligence requirements.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$475.7M
+18.6%
+2.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$78.3M
+127.7%
-41.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+84.2%
-0.2%
-2.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+14.0%
-1.5%
-18.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+16.5%
+123.3%
-43.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$155.7M
+28.1%
-13.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+32.7%
+8.1%
-15.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
4.7%
+43.4%
-3.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.56x
-18.9%
+4.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Welcome to the Cellebrite Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] I would now like to turn the call over to your first speaker today, Mr. Andrew Kramer. Mr. Kramer, the floor is yours.
Andrew Kramer: Thank you very much, operator, and good morning, everybody. Welcome to Cellebrite's Second Quarter 2026 Financial Results Call. I'm joined this morning by our primary speakers, Adam Clammer, Cellebrite's Chairman of the Board; Shiv Ramji, Cellebrite's new CEO; and David Barter, Cellebrite's CFO. Shiv, Dave and Marcus Jewell, our CRO, will participate on our Q&A session. This call is being recorded, and a replay of the recording will be made available on our website shortly after the call, along with a copy of the transcript. Please note that today's press release and financial statements, including GAAP to non-GAAP reconciliations are available on the Investor Relations website at investors.cellebrite.com. In addition to the press release, we posted a separate investor presentation that provides an overview of the business and our recent financial performance. I'd like to remind everybody who's listening on the webcast that the slide in your webcast viewer is a placeholder only. There are no actual slides to accompany the prepared remarks. We also published our historical financial information and supplemental data for the first 2 quarters of 2026, each quarter of 2025, along with the full year 2024 and 2023 on our Investor Relations website. Additionally, unless stated otherwise, our discussion of our second quarter 2026 financial metrics as well as the financial metrics provided in our outlook will be done on a non-GAAP basis only, and all historical comparisons are with the comparable periods of 2025. I'd like to remind you that today's discussion will contain forward-looking statements, including, but not limited to, the company's business operations and financial performance. All forward-looking statements are subject to risks and uncertainties and other factors that could cause matters expressed or implied by those forward-looking statements not to occur. Actual results could also differ materially from historical results and/or from forecasts. Some of these forward-looking statements are discussed under the heading Risk Factors and elsewhere in the company's annual report on Form 20-F filed with the SEC on March 3, 2026. The company does not undertake to update any forward-looking statements to reflect future events or circumstances. And with all that being said, I'd now like to turn the call over to Adam Clammer.
Adam Clammer: Thank you, Andy, and good morning, everyone. As you saw in this morning's release, our Board has appointed Shiv Ramji as Chief Executive Officer, effective today. Before I go further, I want to take a moment on behalf of the entire Board to thank Tom Hogan. Tom joined Cellebrite 3 years ago as Executive Chairman, and we're incredibly appreciative of his impact. Since …