Slides
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1 Q4 2025 Earnings Feb 25th, 2026
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2 2 Allot Q4-25 Earning EYAL HARARI Chief Executive Officer LIAT NAHUM Chief Financial Officer
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Forward Looking Statements This presentation contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; the impact of government regulation on demand for our products; our failure to increase the functionality and features of our products; our ability to keep pace with advances in technology and to add new features and value-added services; the failure of our products adversely impacting customers’ networks; managing lengthy sales cycles; greater operational risk associated with large projects; our dependence on third party channel partners for a material portion of our revenues; our failure to comply with regulatory requirements; our dependence on traffic management systems and network management application suites for the substantial majority of our revenues; the loss of rights to use third-party solutions integrated into our products; undetected errors in our products; our dependence on a single third-party subcontractor for a significant portion of our products; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward- looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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4 Business Performance Strategy
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5 Our subscription-based cybersecurity offering-as-a-service generates YoY growth providing us with good visibility. The pipeline continues to be strong, and our offering is gaining broad traction Cyber Security First Strategy Update As cybersecurity threats continue to intensify, we remain focused on protecting the consumer and SMB markets—segments that we believe remain underserved by traditional security solutions For consumers, our ambition is to evolve from providing 360-degree data protection to protecting the digital life of the consumer. The recently released the OffNetSecure solution ensures that end-users remain protected even when they are not on the network. The solution has already been sold to new and existing customers Launched new solutions for SMBs – including Firewall-as-a-Service – already live with customers, DDoS Protection enabling protection of inbound traffic, and domain-level Identity-theft Monitoring, protecting the digital identities of all users across the organization Finally, Compax Ventures selected Allot as its cybersecurity partner, enabling its brand and community-based MVNO customers built-in cybersecurity, powered by our solution 04 03 05 01 02
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6 Q4 2025: KEY HIGHLIGHTS Accelerated cybersecurity ARR growth, with 69% growth in SECaaS ARR YoY to $30.8m as of Dec 31st 2025 High cash and short bank deposits of $88M, no debt Strong fourth quarter, concluding a year of accelerating revenue growth and significant expansion in cybersecurity ARR Improved gross margin to 72% and increased profitability to 13% operating profit (Non-GAAP) We expect SECaaS to continue delivering strong double-digit ARR growth, increasing its contribution to the total revenue and support driving overall revenue growth in 2026 to between $113 and $117 million, alongside continued profitability improvement. Continued YoY revenue growth 14% to $28.4m for Q4 2025
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7 Q4 2025 Financial Results
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8 Q4 2025 Results – A Strong Finish to the Year 8 Revenues up YoY 14% $28.4 m 1. Non-GAAP – please refer to the appendix for reconciliations to the most directly comparable GAAP measure. 2. SECaaS ARR – measures the current annual recurring of SECaaS revenues, which is calculated based on estimated revenues for the month of Dec 2025 and multiplied by 12. SECaaS ARR at Dec 20252 $30.8 m % Gross Margin1 $3.6 m Operating profit1 vs $1.8M Q4 2024 70 % SECaaS revenue up YoY to $8.1m $4.1 m Net income1 vs $2.0m Q4 2024 $8.1 m Operating cash flow vs $4.1m Q4 2024 72
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9 Key Financial Highlights 9 1. Non-GAAP – please refer to the appendix for reconciliations to the most directly comparable GAAP measure. 2. SECaaS ARR – measures the current annual recurring of SECaaS revenues, which is calculated based on estimated revenues for the month of Se ptember 2025 and multiplied by 12. 3. LTM refers to the results from the four consecutive quarters ending with the specified quarter. Recurring revenue engine accelerating – SECaaS ARR up 69% YoY to $30.8M2 and now comprises 28% of total revenue 105% growth YoY in Net Income1 to $4.1M Strengthening Balance sheet with $88M cash balances as of Dec 31, 2025 and no debt Positioned for sustained growth – Expanding pipeline and recent customer wins lay foundation for continued momentum Highest profitability in over a decade – operating profit1 $3.6M and $8.1M in operating cash flow in Q4 2025
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10 ($17M) $1.8M $3.4M Q4'23 Q4'24 Q4' 25 Operating Profit (loss) $24.3M $24.9M $28.4M Q4'23 Q4'24 Q4'25 Revenue *Non-GAAP – please refer to the appendix for reconciliations to the most directly comparable GAAP measure. Achieving Growth and Profitability Revenue & Operating Profit* • Q4 2025 revenue grew 14% YoY , driven primarily by increased cybersecurity contribution, recent wins, and strong customer demand • SECaaS 28% of revenue, with cybersecurity ARR growing 69% year-over-year and adoption accelerating across CSPs • Highest level of profit in over a decade, reflecting a significant step-up in operating leverage and demonstrating the scalability of the business model • Strong customer demand for Allot Secure and Network Intelligence business with multi-million dollar pipeline Commentary 14% YoY Revenue Growth
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11 58% 60% 63% 64% 62% 42% 40% 37% 36% 38% Q4'24 Q1'25 Q2'25 Q3'25 Q4' 25 % Non-Recurring % Recurring $7.1M $10.7M $16.6M $27M 2022 2023 2024 2025 Growing Recurring Revenue1 SECaaS RevenueLTM Total Revenue2 $92.2M $93.5M $95.4M $98.6M 17% YoY Recurring Revenue Growth1 1. Recurring revenue refers to the sum of support and maintenance revenues and SECaaS revenues. 2. LTM refers to the results from the four consecutive quarters ending with the specified quarter. LTM2 $102M
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12 Non-GAAP 2022 Revenues Gross Margin Operating Profit (Loss) 123 69% OPEX $M SECaaS revenues 7.2 108 2023 93 60% (55) 111 10.6 SECaaS ARR (last month run-rate) 9.2 (23) 2024 92 71% 0.6 16.5 12.7 64 18.2 2025 102 72% 8.9 64 26.8 30.8
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13 Consolidated Balance Sheet
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14 Consolidated Balance Sheet (Cont.)
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15 Consolidated Statement of Operations (Non-GAAP)
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16 Consolidated Statement of Operations (GAAP)
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17 Thank You!
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18 Contact Us Company Contacts Eyal Harari Chief Executive Officer Allot, Ltd. eharari@allot.com Liat Nahum Chief Financial Officer Allot, Ltd. lnahum@allot.com Investor relations Ehud Helft Managing Partner, Investor Relations E.K. Global IR ehud@ekgir.com