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Cellebrite Cellebrite Announces First Quarter 2021 Results Annual Recurring Revenue of $ 150 million , up 53 % year - over - year Revenue of $ 53.3 million , up 38 % year - over - year Adjusted EBITDA of $ 11.3 million , 21 % Adjusted EBITDA margin PETAH TIKVA , ISRAEL , June 7 , 2021 -- Cellebrite , the global leader in Digital Intelligence ( " DI ” ) solutions for the public and private sectors , today announced financial results for the three months ended March 31 , 2021 . " Cellebrite is off to a strong start in 2021 , with first quarter 2021 revenue growth and profitability exceeding our expectations , " said Yossi Carmil , Cellebrite's CEO . " We were pleased with our ability to execute our growth strategy and continue introducing our customers to digital intelligence solutions designed to help them transform and accelerate the investigative workflow . We remain focused on our strategy and believe we are on track to meet our targets for the full year . Signing the business combination agreement with TWC Tech Holdings II Corp. shortly after the end of the quarter was an exciting milestone , and we expect to complete our merger and transition to becoming a public company in the third quarter of the year . " First Quarter Financial and Business Highlights Annual Recurring Revenue ( ARR ) of $ 150 million , up 53 % year - over - year ARR dollar - based net retention rate of 148 % Revenue of $ 53.3 million , up 38 % year - over - year • • • • Gross profit and gross margin of $ 45.1 million and 85 % , respectively Subscription revenue of $ 40.5 million , up 59 % year - over - year ● Adjusted EBITDA and Adjusted EBITDA margin of $ 11.3 million and 21 % , respectively • Launched Cellebrite Endpoint Inspector a cloud - first remote collection solution for • - Windows and Mac for eDiscovery and corporate investigations Partnered with Axon to seamlessly integrate the data collected , analyzed , and reviewed by Cellebrite's Digital Intelligence Investigative Platform with Axon Evidence In addition , Cellebrite recently announced important milestones aimed at extending its digital intelligence platform : • Established a strategic partnership with Singapore's Home Team Science and Technology Agency ( HTX ) , an arm of the Ministry of Home Affairs , to drive innovation and deliver industry leading digital intelligence capabilities • Launched the latest version of Cellebrite Pathfinder , its flagship investigative analytics solution achieving significant milestones in data analysis , enterprise readiness , scalability , and process performance