Core Insights - Cellebrite reported a first-quarter 2025 revenue of $107.5 million, representing a 20% year-over-year growth, primarily driven by a 21% increase in subscription revenue [1][7] - The Annual Recurring Revenue (ARR) grew by 23% to $408.0 million, with a dollar-based net retention rate of 121% [1][7] - Adjusted EBITDA for the first quarter was $23.7 million, reflecting a 34% year-over-year growth and a margin of 22% [2][3][7] Financial Performance - First-quarter 2025 revenue was $107.5 million, up from $89.6 million in the same period last year [7][24] - Subscription revenue reached $95.8 million, marking a 21% increase year-over-year [7][29] - Gross profit was $90.1 million, with a gross margin of 83.7% [7][24] - GAAP net income was $17.4 million, compared to a net loss of $71.4 million in the previous year [7][29] - Non-GAAP net income was $26.2 million, with diluted earnings per share of $0.10 [7][36] Business Highlights - The company launched its Spring 2025 Release on May 6, 2025, introducing the Cellebrite Cloud and AI-powered innovations [4] - Cellebrite hosted its inaugural user conference with approximately 700 attendees from 350 agencies across 27 countries [5] - The company emphasized its global diversification and the range of solutions across various sectors, including federal, state, local, defense, and intelligence [3] Financial Outlook - For the second quarter of 2025, Cellebrite expects ARR to be between $416 million and $426 million, with revenue projected between $110 million and $116 million [8] - The full-year 2025 ARR target is maintained at $480 million to $495 million, while revenue targets are adjusted to $470 million to $485 million [6][8] - Adjusted EBITDA for the second quarter is expected to be between $26 million and $28 million, with a margin around 24% [8]

Core Insights - Cellebrite has launched its Spring 2025 Release, introducing a new cloud foundation and AI-powered innovations to enhance its Digital Investigation Platform, aimed at modernizing digital workflows and improving operational efficiency [1][2] Group 1: Product Innovations - The Spring 2025 Release features the Cellebrite Cloud, designed to scale investigative capabilities and accelerate decision-making in public safety, intelligence, and enterprise sectors [2] - AI-powered productivity tools are integrated into the platform, significantly reducing the average 69 hours investigators spend reviewing data per case [2][4] - Key innovations include advanced media analysis capabilities in Inseyets, timeline review and AI-powered search in Guardian, a new dashboard in Smart Search, automated transcription and translation in Pathfinder, and mobile decoding in Endpoint Inspector [6] Group 2: Market Impact - Cellebrite's technology is utilized in over 1.5 million investigations annually, serving more than 7,000 customers globally across various sectors including law enforcement and intelligence [4] - The company is evolving its Case-to-Closure (C2C) Platform into a next-generation Digital Investigation Platform to meet the growing complexity of digital evidence [2][3] Group 3: Strategic Focus - The company emphasizes the importance of human expertise in conjunction with AI and cloud technologies to enhance digital investigations [3] - Cellebrite aims to support organizations in navigating the complexities of digital evidence, ensuring compliance with regulatory requirements while improving investigative workflows [4][7]