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Cellebrite Cellebrite Announces Second Quarter 2021 Results Annual Recurring Revenue of $ 159 million , up 46 % year - over - year Revenue of $ 59.2 million , up 29 % year - over - year Net income of $ 7.8 million ; Adjusted EBITDA of $ 13.4 million , 23 % Adjusted EBITDA margin Merger with TWC Tech Holdings II Corp. on track to Close in Third Quarter PETAH TIKVA , ISRAEL , August 12 , 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 June 30 , 2021 . " Cellebrite continued to perform strongly in the second quarter of 2021 , with revenue growth and profitability exceeding our expectations once again , " said Yossi Carmil , Cellebrite's CEO . " These results reflect successful execution of our go - to - market strategy , and strong and sustained customer demand for our Digital Intelligence solutions designed to help them transform and accelerate the investigative workflow while protecting lives and preserving privacy . We are seeing a healthy market environment , which reflects an inflection point , with law enforcement agencies increasingly realizing that digital transformation is a necessity given the rapid growth in digital data volumes , complexity and importance . We continue to expect our merger with TWC Tech Holdings II Corp. will be completed in the third quarter of the year , and we look forward to continuing our journey as a public company . " Second Quarter Financial and Business Highlights • . • • Annual Recurring Revenue ( ARR ) of $ 159 million , up 46 % year - over - year ARR dollar - based net retention rate of 142 % Revenue of $ 59.2 million , up 29 % year - over - year Subscription revenue of $ 41.4 million , up 33 % year - over - year • Gross profit and gross margin of $ 49.1 million and 83 % , respectively • Net income of $ 7.8 million ; Adjusted EBITDA and Adjusted EBITDA margin of $ 13.4 million and 23 % , respectively 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 In addition , Cellebrite recently announced important milestones aimed at broadening its Digital Intelligence platform : Introduced Premium Enterprise , a next generation solution which is part of Cellebrite's end - to - end Digital Intelligence Investigative Platform offering and is deployed in an agency's secured domain via server and connects to their existing UFED devices .