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Cellebrite DI Ltd. (CLBT) 10-Year Financial Performance & Capital Metrics

CLBT • • Industrial / General
TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics
AboutCellebrite DI Ltd. develops solutions for legally sanctioned investigations. Its DI platform allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations and solutions are used in a various case, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, intellectual property theft, and civil litigation. The company's Universal Forensic Extraction Device solution addresses problems in accessing digital information, including complicated device locks, encryption barriers, deleted and unknown content, and other obstacles that can prevent critical evidence from coming to light. It also offers Seeker solution that provides the ability to analyze video footage; OSINT Analyze, a real-time deep dive solution used to analyze open-source information, such as the surface web, deep web, and the dark web; and Crypto Tracer, which analyzes blockchain transactions together with related data from an extensive list of sources to identify and categorize wallets, and transactions. The company serves federal and state and local agencies, as well as enterprise companies and service providers. It has operations in the United States, Germany, Singapore, Australia, Brazil, United Kingdom, France, Canada, Japan, and India. The company was incorporated in 1999 and is based in Petah Tikva, Israel. Cellebrite Mobile Synchronization Ltd. operates as a subsidiary of Sun Corporation.Show more
  • Revenue $401M +23.4%
  • EBITDA $68M +56.1%
  • Net Income -$283M -249.0%
  • EPS (Diluted) -1.35 -214.0%
  • Gross Margin 84.4% +0.9%
  • EBITDA Margin 16.83% +26.5%
  • Operating Margin 14.18% +38.7%
  • Net Margin -70.54% -182.8%
  • ROE -152.88% -1.9%
  • ROIC 603.07%
  • Debt/Equity 0.03 -92.1%
  • Interest Coverage 0.16
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Excellent 3Y average ROE of 15446.6%
  • ✓FCF machine: 30.3% free cash flow margin
  • ✓Strong 5Y sales CAGR of 18.5%

✗Weaknesses

  • ✗Shares diluted 10.2% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 10.9x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y18.48%
3Y17.67%
TTM18.37%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM124.09%

EPS CAGR

10Y-
5Y-
3Y-
TTM119.81%

ROCE

10Y Avg7.19%
5Y Avg8.8%
3Y Avg10.5%
Latest16.88%

Peer Comparison

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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+171.85M194.91M246.25M270.65M325.11M401.2M
Revenue Growth %-0.13%0.26%0.1%0.2%0.23%
Cost of Goods Sold+35.82M37.88M42.56M50.75M53.23M62.59M
COGS % of Revenue0.21%0.19%0.17%0.19%0.16%0.16%
Gross Profit+136.03M157.03M203.69M219.91M271.88M338.61M
Gross Margin %0.79%0.81%0.83%0.81%0.84%0.84%
Gross Profit Growth %-0.15%0.3%0.08%0.24%0.25%
Operating Expenses+137.55M147.82M189.87M218.86M238.64M281.7M
OpEx % of Revenue0.8%0.76%0.77%0.81%0.73%0.7%
Selling, General & Admin90.23M91.17M124.33M138.24M154.26M183.29M
SG&A % of Revenue0.53%0.47%0.5%0.51%0.47%0.46%
Research & Development46.57M54.38M65.54M80.62M84.39M98.42M
R&D % of Revenue0.27%0.28%0.27%0.3%0.26%0.25%
Other Operating Expenses750K2.27M0000
Operating Income+-1.52M9.22M13.82M1.04M33.24M56.91M
Operating Margin %-0.01%0.05%0.06%0%0.1%0.14%
Operating Income Growth %-7.06%0.5%-0.92%30.84%0.71%
EBITDA+2.56M15.1M20.83M10.24M43.25M67.51M
EBITDA Margin %0.01%0.08%0.08%0.04%0.13%0.17%
EBITDA Growth %-4.9%0.38%-0.51%3.22%0.56%
D&A (Non-Cash Add-back)4.08M5.88M7.01M9.19M10.01M10.61M
EBIT1.54M11.4M82.46M120.91M-74.81M56.91M
Net Interest Income+3.12M1.4M694K1.88M8.89M-331.54M
Interest Income3.48M2.82M847K2.02M8.89M18.22M
Interest Expense352K1.42M153K149K0349.76M
Other Income/Expense2.94M2.18M68.48M119.72M-108.8M-332.89M
Pretax Income+1.42M11.4M82.31M120.76M-75.56M-275.98M
Pretax Margin %0.01%0.06%0.33%0.45%-0.23%-0.69%
Income Tax+3.29M5.62M10.91M-45K5.54M7.02M
Effective Tax Rate %-1.33%0.51%0.87%1%1.07%1.03%
Net Income+-1.88M5.78M71.4M120.81M-81.1M-283.01M
Net Margin %-0.01%0.03%0.29%0.45%-0.25%-0.71%
Net Income Growth %-4.08%11.35%0.69%-1.67%-2.49%
Net Income (Continuing)-1.88M5.78M71.4M120.81M-81.1M-283.01M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.010.030.440.59-0.43-1.35
EPS Growth %-4.09%13.24%0.34%-1.73%-2.14%
EPS (Basic)-0.010.030.500.64-0.43-1.35
Diluted Shares Outstanding187.17M187.17M161.54M195.39M190.15M209.47M
Basic Shares Outstanding187.17M187.17M144M182.69M190.15M209.47M
Dividend Payout Ratio-1.73%1.4%---

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+261.88M324.27M273.21M295.93M422.08M567.59M
Cash & Short-Term Investments200.25M237.64M181.56M183.62M302.92M447.22M
Cash Only76.55M128.71M145.97M87.64M189.52M191.66M
Short-Term Investments123.71M108.93M35.59M95.98M113.41M255.56M
Accounts Receivable44.24M66.32M67.5M78.76M77.27M82.36M
Days Sales Outstanding93.95124.2100.06106.2286.7574.93
Inventory3.96M4.75M6.51M10.18M9.94M8.94M
Days Inventory Outstanding40.3545.8155.8473.1968.1652.13
Other Current Assets8.86M11.24M7.88M14.77M23.06M18.18M
Total Non-Current Assets+18.36M40.12M66.57M107.36M123.86M122.97M
Property, Plant & Equipment14.82M16.11M16.76M32.91M30.16M27.6M
Fixed Asset Turnover11.59x12.10x14.70x8.22x10.78x14.54x
Goodwill09.46M26.83M26.83M26.83M28.71M
Intangible Assets06.61M11.23M11.25M10.59M11.31M
Long-Term Investments00022.13M28.86M36.6M
Other Non-Current Assets447K565K1.96M1.73M12.89M7.68M
Total Assets+280.24M364.39M339.78M403.29M532.88M690.57M
Asset Turnover0.61x0.53x0.72x0.67x0.61x0.58x
Asset Growth %-0.3%-0.07%0.19%0.32%0.3%
Total Current Liabilities+99.16M159.38M186.57M207.78M253.82M295.5M
Accounts Payable5.36M4.73M9.55M4.61M8.28M11.08M
Days Payables Outstanding54.6145.5581.8733.1756.7964.59
Short-Term Debt000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities00009.04M0
Current Ratio2.64x2.03x1.46x1.42x1.66x1.92x
Quick Ratio2.60x2.00x1.43x1.38x1.62x1.89x
Cash Conversion Cycle79.69124.4674.03146.2498.1262.46
Total Non-Current Liabilities+122.25M141.2M226.56M121.65M244.85M59.05M
Long-Term Debt000000
Capital Lease Obligations00010.35M9.16M6.84M
Deferred Tax Liabilities000000
Other Non-Current Liabilities103.32M107.76M190.13M69.13M188.59M6.95M
Total Liabilities221.41M300.58M413.13M329.43M498.67M354.55M
Total Debt+00015.36M14.13M10.97M
Net Debt-76.55M-128.71M-145.97M-72.29M-175.39M-180.69M
Debt / Equity---0.21x0.41x0.03x
Debt / EBITDA---1.50x0.33x0.16x
Net Debt / EBITDA-29.91x-8.53x-7.01x-7.06x-4.06x-2.68x
Interest Coverage-4.32x6.48x90.34x7.01x-0.16x
Total Equity+58.83M63.8M-73.35M73.86M34.21M336.02M
Equity Growth %-0.08%-2.15%2.01%-0.54%8.82%
Book Value per Share0.310.34-0.450.380.181.60
Total Shareholders' Equity58.83M63.8M-73.35M73.86M34.21M336.02M
Common Stock000000
Retained Earnings32.56M28.34M78.44M199.24M118.14M-164.86M
Treasury Stock0-85K-85K-85K-85K-85K
Accumulated OCI804K1.32M1.37M331K1.05M2.09M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+16.13M66.51M36.05M20.58M102.06M132.17M
Operating CF Margin %0.09%0.34%0.15%0.08%0.31%0.33%
Operating CF Growth %-3.12%-0.46%-0.43%3.96%0.3%
Net Income-1.88M5.78M71.4M120.81M-81.1M-283.01M
Depreciation & Amortization4.08M5.88M7.01M9.19M10.01M10.61M
Stock-Based Compensation12.76M7.27M6.48M13.71M19M30.57M
Deferred Taxes-1.67M-2.82M-1.64M-2.39M5.13M-4.01M
Other Non-Cash Items131K689K-67.87M-117.92M110.5M335.96M
Working Capital Changes2.71M49.71M20.68M-2.82M38.52M42.05M
Change in Receivables-12.22M-19.73M-1.96M-12.88M2.27M-5.83M
Change in Inventory794K-693K-1.8M-3.68M243K982K
Change in Payables974K-1.43M4.24M-5.47M3.69M2.75M
Cash from Investing+-46.72M-6.45M45.23M-91.23M-22.54M-149.47M
Capital Expenditures-6.21M-6.18M-5.11M-6.9M-5.23M-8.57M
CapEx % of Revenue0.04%0.03%0.02%0.03%0.02%0.02%
Acquisitions------
Investments------
Other Investing-40.51M0-3M-2.19M-2.69M-2.04M
Cash from Financing+75.54M-8.59M-68.4M13.97M21.77M20.65M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid-25M-10M-100M000
Share Repurchases------
Other Financing141K1.49M31.6M13.97M21.77M20.65M
Net Change in Cash------
Free Cash Flow+9.92M60.33M27.94M11.49M94.14M121.56M
FCF Margin %0.06%0.31%0.11%0.04%0.29%0.3%
FCF Growth %-5.08%-0.54%-0.59%7.19%0.29%
FCF per Share0.050.320.170.060.500.58
FCF Conversion (FCF/Net Income)-8.60x11.50x0.50x0.17x-1.26x-0.47x
Interest Paid000000
Taxes Paid3M2.91M8.16M9.05M10.05M7.71M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-3.19%9.43%-46642.86%-150.08%-152.88%
Return on Invested Capital (ROIC)---49.68%-603.07%
Gross Margin79.16%80.57%82.72%81.25%83.63%84.4%
Net Margin-1.09%2.97%28.99%44.64%-24.95%-70.54%
Debt / Equity---0.21x0.41x0.03x
Interest Coverage-4.32x6.48x90.34x7.01x-0.16x
FCF Conversion-8.60x11.50x0.50x0.17x-1.26x-0.47x
Revenue Growth-13.42%26.34%9.91%20.12%23.41%

Revenue by Segment

2021202220232024
Subscription Services-170.34M209.75M271.03M
Subscription Services Growth--23.13%29.21%
Term-Licenses-62.91M70.66M82.01M
Term-Licenses Growth--12.32%16.05%
Professional Services-53.78M31.14M30.88M
Professional Services Growth---42.11%-0.81%
Perpetual Licenses And Other-34.36M--
Perpetual Licenses And Other Growth----
License and Service183.32M---
License and Service Growth----

Revenue by Geography

2021202220232024
Americas126.93M141.92M172.15M215.53M
Americas Growth-11.81%21.30%25.20%
EMEA88.44M92.75M112.25M134.92M
EMEA Growth-4.87%21.02%20.20%
Asia Pacific30.88M35.98M40.71M50.75M
Asia Pacific Growth-16.54%13.14%24.67%

Frequently Asked Questions

Growth & Financials

Cellebrite DI Ltd. (CLBT) reported $455.9M in revenue for fiscal year 2024. This represents a 165% increase from $171.9M in 2019.

Cellebrite DI Ltd. (CLBT) grew revenue by 23.4% over the past year. This is strong growth.

Yes, Cellebrite DI Ltd. (CLBT) is profitable, generating $76.3M in net income for fiscal year 2024 (-70.5% net margin).

Dividend & Returns

Cellebrite DI Ltd. (CLBT) has a return on equity (ROE) of -152.9%. Negative ROE indicates the company is unprofitable.

Cellebrite DI Ltd. (CLBT) generated $139.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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