ALAR

MKT CAP:$49M

Alarum Technologies Ltd.

Market Cap

$49M

Technology·Software - Infrastructure·🇮🇱 Israel·NASDAQ

Technology·Software Infra·🇮🇱·NASDAQ

Stock Price

$7.19-$1.65 (-18.67%)

Apr 22, 2026

Company Details

Alarum Technologies Ltd. provides cybersecurity and privacy solutions to consumers and enterprises in Israel, the United States, Hong Kong, the Asia Pacific, and internationally. Its cybersecurity solutions comprise iShield, a cybersecurity...

CEO

Shachar Daniel

IPO Date

Aug 17, 2018

Website

www.alarum.io

Key Metrics TTM

Revenue

$38M

+86.1% YoY

Net Income

$4M

EPS (Diluted)

$0.62

Free Cash Flow

$0

Revenue / Share

$4.43

Gross Margin

65.1%

Operating Margin

9.5%

Net Margin

11.2%

FCF Margin

0.0%

P/S

1.3x

P/E

11.6x

Earnings Reports

FY 2025

Mar 19, 2026

$41M+28.5%EPS $0.13

Q3 2025

Nov 26, 2025

$13M+80.3%EPS $0.01

Q2 2025

Aug 28, 2025

$9M-0.7%EPS $0.04

FY 2024

Mar 20, 2025

$32MEPS $0.85

Q3 2024

Sep 30, 2024

$7MEPS $0.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$457.6K	$234.8K	-$2M
Q3 18	$247.8K	$69.9K	-$2M
Q1 19	$428.7K	$251.0K	-$2M
Q2 19	$393.6K	$154.8K	-$2M
Q4 19	$1M	$245.8K	-$3M
Q1 20	$1M	-$516.9K	-$1M
Q2 21	$2M	$808.0K	-$3M
Q3 21	$3M	$2M	-$5M
Q4 21	$4M	$2M	-$5M
Q1 22	$4M	$2M	-$5M
Q1 23	$6M	$4M	-$483.4K
Q2 23	$7M	$4M	-$2M
Q2 24	$9M	$7M	$3M
Q3 24	$7M	$5M	$1M
Q2 25	$9M	$5M	-$20.0K
Q3 25	$13M	$7M	-$137.0K

Valuation

Quarter	P/S	P/E
Q1 18	12.9x	—
Q3 18	13.2x	—
Q1 19	7.8x	—
Q2 19	6.5x	—
Q4 19	2.2x	—
Q1 20	1.4x	—
Q2 21	8.6x	—
Q3 21	4.7x	—
Q4 21	2.2x	—
Q1 22	2.3x	—
Q1 23	0.4x	—
Q2 23	0.5x	—
Q2 24	10.8x	—
Q3 24	2.5x	—
Q2 25	3.0x	—
Q3 25	3.4x	30.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	-$2M	-$2M
Q3 18	$0	$0
Q1 19	$0	$0
Q2 19	$0	$0
Q4 19	$0	$0
Q1 20	$0	$0
Q2 21	$0	$0
Q3 21	$0	$0
Q4 21	$0	$0
Q1 22	$0	$0
Q1 23	$0	$0
Q2 23	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q1 18	$24.0K
Q3 18	$0
Q1 19	$0
Q2 19	$0
Q4 19	$0
Q1 20	$0
Q2 21	$0
Q3 21	$0
Q4 21	$0
Q1 22	$0
Q1 23	$0
Q2 23	$0
Q2 24	$0
Q3 24	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	+54.1%	+94.0%
Q3 18	+19.7%	+42.6%
Q1 19	+82.4%	+43.6%
Q2 19	+3.9%	-6.2%
Q4 19	+144.2%	+37.4%
Q1 20	+339.8%	+2.0%
Q2 21	+317.7%	+77.8%
Q3 21	+762.1%	+219.8%
Q4 21	+239.2%	+135.7%
Q1 22	+269.7%	+260.2%
Q1 23	+214.2%	+33.6%
Q2 23	+103.5%	+11.0%
Q2 24	+133.5%	-31.4%
Q3 24	+79.1%	-28.5%
Q2 25	+56.3%	+44.2%
Q3 25	+88.4%	+48.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$196.0K	42.8%
Q3 18	$12.0K	4.8%
Q1 19	$254.0K	59.2%
Q2 19	$430.0K	109.3%
Q4 19	$80.0K	7.2%
Q1 20	$29.0K	2.7%
Q2 21	$236.0K	13.2%
Q3 21	$835.0K	24.6%
Q4 21	$955.0K	25.2%
Q1 22	$935.0K	23.2%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q2 24	$556.0K	6.3%
Q3 24	$200.0K	2.8%
Q2 25	$852.0K	9.7%
Q3 25	$1M	9.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 18	$486.5K	—	—	$2M
Q3 18	$602.5K	—	—	$2M
Q1 19	$817.2K	—	—	$2M
Q2 19	$558.4K	—	—	$2M
Q4 19	$550.7K	—	—	$2M
Q1 20	$394.7K	—	—	$386.7K
Q2 21	$783.9K	—	—	$3M
Q3 21	$1M	—	—	$5M
Q4 21	$2M	—	—	$5M
Q1 22	$1M	—	—	$5M
Q1 23	$1M	—	—	$3M
Q2 23	$876.0K	—	—	$6M
Q2 24	$1M	—	—	$3M
Q3 24	$1M	—	—	$3M
Q2 25	$2M	$2M	$2M	—
Q3 25	$3M	$2M	$3M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 18	54.1%	-334.1%	-280.0
Q3 18	19.7%	-1828.6%	-1808.9
Q1 19	82.4%	-482.2%	-399.8
Q2 19	3.9%	-25.4%	-21.4
Q4 19	144.2%	-274.6%	-130.4
Q1 20	339.8%	154.0%	493.8
Q2 21	317.7%	-115.8%	201.9
Q3 21	762.1%	-99.9%	662.1
Q4 21	239.2%	-110.9%	128.3
Q1 22	269.7%	-103.1%	166.7
Q1 23	214.2%	-4.2%	210.0
Q2 23	103.5%	-108.4%	-4.9
Q2 24	133.5%	31.3%	164.8
Q3 24	79.1%	65.7%	144.8
Q2 25	56.3%	2.1%	58.4
Q3 25	88.4%	-0.9%	87.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$5M	$3M	$7M
Q2 22	$4M	$0	$4M
Q3 22	$4M	$0	$4M
Q4 22	$3M	$0	$3M
Q1 23	$4M	$0	$4M
Q2 23	$4M	$0	$4M
Q3 23	$8M	$0	$8M
Q4 23	$11M	$0	$11M
Q1 24	$15M	$0	$15M
Q2 24	$22M	$0	$22M
Q3 24	$24M	$0	$24M
Q4 24	$15M	$0	$15M
Q1 25	$14M	$0	$14M
Q2 25	$15M	$0	$15M
Q3 25	$14M	$0	$14M
Q4 25	$12M	$0	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	3K	+8.7%	+111.8%
Q3 18	7K	+173.9%	+301.8%
Q1 19	13K	+84.9%	+610.0%
Q2 19	24K	+87.3%	+931.1%
Q4 19	167K	+603.3%	+6570.0%
Q1 20	276K	+65.4%	+3927.5%
Q2 21	3M	+852.7%	+20654.5%
Q3 21	3M	+17.8%	+12954.4%
Q4 21	3M	-2.9%	+1702.8%
Q1 22	3M	-2.0%	+968.8%
Q1 23	3M	+16.6%	+30.8%
Q2 23	3M	+1.2%	+12.4%
Q2 24	7M	+96.0%	+126.8%
Q3 24	7M	0.0%	+131.4%
Q2 25	7M	+1.7%	+101.8%
Q3 25	9M	+22.8%	+144.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 18	—	—
Q3 18	—	—
Q1 19	—	—
Q2 19	—	—
Q4 19	—	—
Q1 20	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q1 23	—	—
Q2 23	—	—
Q2 24	—	—
Q3 24	—	—
Q2 25	$135.2K	65
Q3 25	$200.2K	65

Revenue / Employee