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Cellebrite DI Ltd.
8/14/2026
Welcome to the Celebrite Second Quarter 2026 Financial Results Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation. If you would like to ask a question at that time, please press star 1 on your telephone keypad. If at any point your question has been answered, you may remove yourself from the queue by pressing star 2. So others can hear your questions clearly, we ask that you pick up your handset for best sound quality. Lastly, if you should require operator assistance, please press star zero. I would now like to turn the call over to your first speaker today, Mr. Andrew Kramer. Mr. Kramer, the floor is yours.
Thank you very much, operator, and good morning, everybody. Welcome to Celebrite's second quarter 2026 financial results call. I'm joined this morning by our primary speakers, Adam Klamer, Celebrite's chairman of the board, Shiv Ramji, Celebrite's new CEO, and David Barter, Celebrite'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 gap to non-gap reconciliations, are available on the Investor Relations website at investors.celebrite.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 two 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 20F filed with the SEC on March 3rd, 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 Klamer.
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 Celebrite three years ago as executive chairman and we're incredibly appreciative of his impact. Since taking the reins as CEO last year, we further accelerated our platform strategy, expanded into new markets and adjacencies through both organic development and acquisition, and built a stronger foundation that positions this company well for the next chapter. We're very grateful for everything he's contributed and pleased that he'll continue to support Shiv and the board as an advisor. I know many of you will ask, why Shiv and why now? And this is something the board has thought about carefully over time. Even after Tom became CEO, the board recognized that his tenure would likely be limited and Tom candidly acknowledged that himself. A key priority has been to make sure the right talent was in place around him to carry this company forward. And Tom played an integral role in recruiting much of the current leadership team. When we brought Shiv on board, it was with the clear understanding that he was, for all intents and purposes, positioned to be Tom's successor. Shiv ramped much faster than we initially expected. The pace at which we need to build and compete is accelerating. And we believe that's best driven by a product-centric leader who's rooted in architecting scalable, cloud-native platforms that can maximize the impact of AI, which is continuing to rapidly scale. We are seeing tangible signs that this represents an enormous opportunity for Celebrite. And the team was emphatic on the last quarter's call about that. Given this backdrop, we felt it was important to make the change now. Looking ahead, my optimism about Celebrite's future has not wavered. We have a large and growing healthy market. trusted relationships with virtually every major public sector agency in the democratized world, a differentiated platform, and a world-class team that is squarely focused on turning our domain expertise in technology into durable, profitable growth. And although this year will be choppier than we would otherwise have anticipated, the platform strategy is Working. Growth is increasingly coming from our new products outside of extractions and unlocks. We are well positioned to build on our progress given these new initiatives and customer adoption. And with that said, I'll turn it over to Shiv.
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