Strong Q1 beat and raised Q2 guidance confirm accelerating AI-driven demand for Alarum's data infrastructure. The 64% YoY revenue growth and positive net income demonstrate improving scale economics. Monitor Q2 results for margin trajectory and NRR stabilization above 1.0, which would signal durable customer expansion.
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Executive Summary
Alarum Technologies reported Q1 2026 revenue of $11.7 million, up 64% year-over-year, driven by AI demand for web data infrastructure. IFRS net income was $0.6 million, up from $0.4 million in Q1 2025, and Adjusted EBITDA rose to $2.1 million from $1.3 million. The company guided Q2 2026 revenue to approximately $12.2 million (±5%), representing 39% YoY growth. The board also approved a 5,000,000 ordinary share increase in the Global Incentive Plan.
Key Facts
- Q1 2026 revenue of $11.7 million, up 64% YoY from $7.1 million
- IFRS net income of $0.6 million vs $0.4 million in Q1 2025
- Adjusted EBITDA of $2.1 million vs $1.3 million in Q1 2025
- Gross margin of 61.7% vs 67.5% in Q1 2025 and 53.8% in Q4 2025
- Q2 2026 revenue guidance of ~$12.2 million (±5%), representing 39% YoY growth
- Q2 2026 Adjusted EBITDA guidance of ~$1.8 million (±$0.5 million)
- Cash, cash equivalents and debt investments of $24.2 million as of March 31, 2026
- Board approved increase in ordinary shares reserved under Global Incentive Plan by 5,000,000 shares
- Net Retention Rate (NRR) of 0.93 as of March 31, 2026
- Monthly data traffic exceeded 50 petabytes, up from ~5 petabytes in early 2025
Financial Impact
Revenue grew 64% YoY to $11.7M; net income rose 50% YoY to $0.6M; Adjusted EBITDA up 62% YoY to $2.1M
Risk Factors
- NRR of 0.93 indicates existing customer revenue contraction, partially offset by new AI customer acquisition
- Gross margin declined to 61.7% from 67.5% YoY due to infrastructure investment costs
- Q2 guidance implies sequential revenue growth of ~4.3% and lower Adjusted EBITDA margin vs Q1
- Highly competitive AI data infrastructure market with rapidly evolving technology
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-061770 |
| Document: ea029228701ex99-2.htm | 0001213900-26-061770 |
| Document: ea0292287-6k_alarum.htm | 0001213900-26-061770 |
| Document: 0001213900-26-061770-index-headers.html | 0001213900-26-061770 |
| Document: 0001213900-26-061770-index.html | 0001213900-26-061770 |
| Document: 0001213900-26-061770.txt | 0001213900-26-061770 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | 6-K | $1.65 $1.71 | ▼ −3.64% | ▼ −4.14% | $1.74 (−5.45%) |
Aug 17, 2026 6w ago | Press Release | $1.75 $2.14 | ▼ −22.29% | ▼ −24.03% | $1.74 (+0.57%) |
Aug 13, 2026 7w ago | 6-K | $1.81 $2.19 | ▼ −20.99% | ▼ −22.99% | $1.74 (+3.87%) |
Jul 22, 2026 10w ago | 6-K | $1.94 $1.68 | ▲ +13.40% | ▲ +16.71% | $1.74 (+10.31%) |
Jul 13, 2026 11w ago | 6-K | $2.12 $1.86 | ▲ +12.26% | ▲ +15.45% | $1.74 (+17.92%) |
Jul 6, 2026 12w ago | 6-K | $3.08 $1.68 | ▲ +45.45% | ▲ +44.89% | $1.74 (+43.51%) |
Jul 6, 2026 12w ago | 6-K | $3.08 $1.68 | ▲ +45.45% | ▲ +44.89% | $1.74 (+43.51%) |
Jul 2, 2026 13w ago | Press Release | $6.35 $1.67 | ▼ −73.70% | ▼ −73.29% | $1.74 (−72.60%) |
Jun 8, 2026 16w ago | EFFECT | $9.60 $3.08 | ▲ +67.92% | ▲ +69.55% | $1.74 (+81.87%) |
May 28, 2026 18w ago | 6-K | $10.11 $7.90 | ▼ −21.86% | ▼ −18.71% | $1.74 (−82.79%) |
US Market Status
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