Cellebrite reports Q2 EPS 12c, consensus 11c

Reports Q2 revenue $113.276M, consensus $112.21M. “Cellebrite (CLBT) delivered a strong balance of top-line growth, profitability and cash flow,” stated Thomas Hogan, Cellebrite’s CEO. “The Company converted 18% revenue growth into a 29% increase in adjusted EBITDA while free cash flow grew 133% to $29.0 million, or 26% on an FCF margin basis.” Hogan said, “We continued to make important strategic progress on multiple fronts. As shared over the past 90 days, we have announced our agreement to acquire Corellium, the market leader in Arm-based virtualization. This acquisition is still pending regulatory approval and our forward guidance has yet to contemplate the contributions from Corellium, which we believe will positively impact growth across both the private and public sector segments. We also made significant progress in our FedRAMP journey with the recently announced sponsorship of the US Department of Justice. This critical sponsorship sets the stage for Authorization to Operate and unlocks the 2026 deployment of Cellebrite’s cloud-delivered assets across the US Federal government and their mission-driven pursuit of public safety.”