Kornit Digital Reports Fourth Quarter and Full Year 2025 Results

Rhea-AI Summary

Kornit Digital (Nasdaq: KRNT) reported fourth-quarter and full-year 2025 results, returning to revenue growth with full-year revenue of $208.2M and positive adjusted EBITDA of $1.5M. The company ended 2025 with ~$25M ARR from its All-Inclusive Click (AIC) program and $15M AIC revenue for the year.

Q4 revenue was $58.9M, GAAP net income was $1.7M (Q4) and GAAP full-year net loss improved to $13.5M. Q1 2026 guidance: revenues $45M–$49M, adjusted EBITDA margin -10% to -4%.

Positive

• Full-year revenue increased to $208.2M
• Positive adjusted EBITDA for 2025 of $1.5M
• Ended 2025 with approximately $25M in AIC Annualized Recurring Revenue
• AIC generated $15M in revenue in 2025, showing accelerating adoption
• GAAP full-year net loss improved to $13.5M from $16.8M (2024)

Negative

• Q4 2025 revenue declined to $58.9M from $60.7M year-ago
• Q4 adjusted EBITDA fell to $5.5M from $8.4M year-ago
• GAAP gross margin declined to 44.3% for full-year 2025
• Q1 2026 guidance implies negative adjusted EBITDA margin of -10% to -4%

Key Figures

Q4 2025 revenue: $58.9 million Q4 2025 GAAP gross margin: 48.7% Full-year 2025 revenue: $208.2 million +5 more

8 metrics

Q4 2025 revenue $58.9 million Fourth quarter 2025 total revenue vs. $60.7 million prior-year quarter

Q4 2025 GAAP gross margin 48.7% Fourth quarter 2025 GAAP gross margin vs. 51.3% prior-year period

Full-year 2025 revenue $208.2 million 2025 total revenue vs. $203.8 million in 2024

2025 GAAP net loss $13.5 million Full-year 2025 GAAP net loss vs. $16.8 million in 2024

2025 non-GAAP net income $14.4 million Full-year 2025 non-GAAP net income vs. $10.1 million in 2024

AIC ARR year-end 2025 $25 million Annualized recurring revenue from All-Inclusive Click program at end of 2025

2025 AIC revenue $15 million Full-year 2025 revenue generated under the AIC model

Q1 2026 revenue guidance $45–$49 million Company outlook for first quarter 2026 revenues

Market Reality Check

Price: $14.24 Vol: Volume 283,019 is 0.81x t...

normal vol

$14.24 Last Close

Volume Volume 283,019 is 0.81x the 20-day average of 349,524, indicating subdued trading ahead of results. normal

Technical Shares at $14.24 are trading below the 200-day MA of $16.37 and sit 52.58% under the 52-week high.

Peers on Argus

KRNT was down 3.26% while peers showed mixed moves: SERV -3.57%, RR -4.34%, but ...

KRNT was down 3.26% while peers showed mixed moves: SERV -3.57%, RR -4.34%, but GHM and THR slightly positive and GRC roughly flat. No momentum scanner flags or same-day peer headlines suggest this pre-earnings move was more stock-specific than a coordinated sector rotation.

Previous Earnings Reports

5 past events · Latest: Nov 05 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 05	Q3 2025 earnings	Positive	-6.2%	Reported Q3 revenue growth, positive adjusted EBITDA, and rising AIC ARR.
Aug 06	Q2 2025 earnings	Positive	-20.6%	In-line Q2 revenue, positive non-GAAP income, and higher AIC recurring revenue.
May 14	Q1 2025 earnings	Positive	+14.8%	Revenue growth, narrower GAAP loss, and increased AIC ARR with cash generation.
Feb 12	Q4 2024 earnings	Positive	+0.0%	Full-year 2024 adjusted EBITDA turned positive with significantly improved margins.
Nov 06	Q3 2024 earnings	Neutral	+21.3%	Revenue decline offset by margin expansion and return to adjusted EBITDA profitability.

Pattern Detected

Recent earnings often delivered operational progress but produced sharp, sometimes negative, next-day moves, indicating inconsistent alignment between fundamentals and price reaction.

Recent Company History

Over the past five earnings cycles, Kornit has gradually shifted from contraction to modest growth and improving profitability. Q1–Q3 2025 results highlighted rising AIC annual recurring revenue and repeated guidance for continued adjusted EBITDA discipline. Earlier reports showed a turn to positive adjusted EBITDA in 2024 and ongoing margin recovery. Against this backdrop, the latest Q4 and full-year 2025 update extends the narrative of rebuilding growth, scaling recurring AIC revenues, and managing costs while the share price has reacted variably to similar earnings progress.

Historical Comparison

earnings

+1.9 %

Average Historical Move

Historical Analysis

Across the last 5 earnings releases, KRNT’s average next-day move was 1.87%, with several sharp reversals despite operational progress.

Typical Pattern

Earnings updates since late 2024 show steady AIC ARR expansion from $14.5M to $18.9M, then $21.5M and $23.1M year-to-date, culminating in about $25M by year-end 2025, alongside a shift from losses toward positive adjusted EBITDA.

Market Pulse Summary

This announcement underscores Kornit’s transition toward a more recurring, software-like model while...

Analysis

This announcement underscores Kornit’s transition toward a more recurring, software-like model while restoring growth. Full-year 2025 revenue reached $208.2M, with non-GAAP net income of $14.4M and roughly $25M in AIC annualized recurring revenue plus $15M in AIC revenue. Q4 margins softened and Q1 2026 guidance implies negative adjusted EBITDA, so investors may focus on how quickly AIC expansion and cost discipline can translate into sustainable, margin-accretive growth.

Key Terms

adjusted EBITDA, operating cash flow, annualized recurring revenue

3 terms

adjusted EBITDA financial

"We returned to full-year revenue growth, achieved positive adjusted EBITDA, and generated strong..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

operating cash flow financial

"We returned to full-year revenue growth, achieved positive adjusted EBITDA, and generated strong operating cash flow..."

Operating cash flow is the amount of money a company earns from its main business activities, like selling products or services. It shows how well the company can generate cash to pay bills, invest in growth, or return money to shareholders. This figure helps investors understand if the company’s core operations are healthy and sustainable.

annualized recurring revenue financial

"We exited the year with approximately $25 million in Annualized Recurring Revenue (ARR) from our All-Inclusive Click (AIC) program..."

Annualized recurring revenue is the predictable income a business expects to earn over a year from ongoing customer subscriptions or contracts. It’s similar to estimating how much money you would make in a year if your current monthly income stayed the same. Investors use this figure to assess the stability and growth potential of a company's revenue stream.

AI-generated analysis. Not financial advice.

Returned to revenue growth in 2025 with positive adjusted EBITDA and operating cash flow

Successful peak season drives 11% increase in full-year impressions

Ended 2025 with ~$25 million in ARR from AIC; Building a more recurring, predictable business model

ROSH-HA`AYIN, Israel, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production, today reported financial results for the fourth quarter and full year ended December 31, 2025. The results reflect Kornit’s progress in accelerating digital adoption in mass apparel production, expanding recurring revenues under the Company’s All-Inclusive Click (AIC) model, and strengthening its industry leadership position by replacing traditional screen printing with agile, on-demand digital solutions.

“The fourth quarter capped a year of disciplined execution. We returned to full-year revenue growth, achieved positive adjusted EBITDA, and generated strong operating cash flow,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “A successful peak season helped drive full year impressions growth of 11%, demonstrating higher utilization across our installed base and increased adoption of digital production for longer runs. We exited the year with approximately $25 million in Annualized Recurring Revenue (ARR) from our All-Inclusive Click (AIC) program, and $15 million in AIC revenue for the full year, underscoring accelerating customer adoption.”

Mr. Samuel concluded, “We are entering 2026 with a growing pipeline of opportunities, and better visibility for the year. We expect to unveil breakthrough innovations this year designed to expand our addressable markets, accelerate digital adoption, and enable our customers to capture new growth opportunities. Our priorities remain clear: driving incremental impressions from the screen market, expanding the AIC program, and $15 million in AIC revenue for the full year, underscoring accelerating customer adoption.”

Fourth Quarter 2025 Results of Operations

• Total revenue for the fourth quarter of 2025 was $58.9 million compared with $60.7 million in the prior year period.
  
• GAAP gross profit margin for the fourth quarter of 2025 was 48.7% compared with 51.3% in the prior year period. On a non-GAAP basis, gross profit margin was 50.7% compared with 55.1% in the prior year period.
  
• GAAP operating expenses for the fourth quarter of 2025 were $32.2 million compared with $32.3 million in the prior year period. On a non-GAAP basis, operating expenses decreased by 3.1% to $27.1 million compared with the prior year period.
  
• GAAP net income for the fourth quarter of 2025 was $1.7 million, or $0.03 per diluted share, compared with net income of $2.2 million, or $0.05 per diluted share, in the prior year period.
  
• Non-GAAP net income for the fourth quarter of 2025 was $8.3 million, or $0.18 per diluted share, compared with non-GAAP net income of $8.7 million, or $0.18 per diluted share, in the prior year period.
  
• Adjusted EBITDA for the fourth quarter of 2025 was $5.5 million compared with adjusted EBITDA of $8.4 million for the fourth quarter of 2024. Adjusted EBITDA margin for the fourth quarter of 2025 was 9.3% compared with 13.8% in the prior year period.
  
  

Full Year 2025 Results of Operations

• Total revenue for the full year 2025 was $208.2 million compared with $203.8 million in the prior year period.
  
• GAAP gross profit margin for the full year 2025 was 44.3% compared with 45.0% in the prior year period. On a non-GAAP basis, gross profit margin was 47.2% compared with 48.6% in the prior year period.
  
• GAAP operating expenses for the full year 2025 were $126.8 million compared with $129.1 million in the prior year. On a non-GAAP basis, operating expenses decreased by 2.5% to $107.1 million compared with the prior year period.
  
• GAAP net loss for the full year 2025 was $13.5 million, or ($0.30) per diluted share, compared with net loss of $16.8 million, or ($0.35) per diluted share, for the full year 2024.
  
• Non-GAAP net income for the full year 2025 was $14.4 million, or $0.31 per diluted share, compared with non-GAAP net income of $10.1 million, or $0.20 per diluted share for the full year 2024.
  
• Adjusted EBITDA for the full year 2025 was $1.5 million compared with adjusted EBITDA of $0.3 million for the full year 2024. Adjusted EBITDA margin for the full year 2025 was 0.7% compared with 0.2% for the full year 2024.
  

First Quarter 2026 Guidance

For the first quarter of 2026, the Company currently expects revenues to be in the range of $45 million to $49 million and an adjusted EBITDA margin between negative 10% to negative 4% of revenue.

Earnings Conference Call Information

The Company will host a conference call today, February 11, 2026, at 8:30 a.m. ET, or 3:30 p.m. Israel time, to discuss the results, followed by a question-and-answer session with the investor community.

A live webcast of the call can be accessed at ir.kornit.com. To access the call, participants may dial toll-free at 1-877-407-0792 or 1-201-689-8263. The toll-free Israeli number is 1 809 406 247.

To listen to a replay of the conference call, dial toll-free 1-844-512-2921 or 1-412-317-6671 and enter confirmation code 13758004. The telephone replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on February 25, 2026. The call will also be available for replay via the webcast link on Kornit’s Investor Relations website.

About Kornit Digital

Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The Company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries. To learn more, visit www.kornit.com.

Forward Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “believes,” “intends,” “planned,” or other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, including the Company’s AIC program, statements regarding the Company’s results of operations and financial condition, including the Company’s guidance for the first quarter of 2026, and all statements that address developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company’s degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company’s Poly Pro and Presto products, and the Company’s Apollo direct-to-garment platform; the extent of the Company’s ability to increase sales of its systems, ink and consumables; the extent of the Company’s ability to continue to grow customer adoption of the AIC model; the development of the market for digital textile printing generally; the Company’s securities class action litigation expenses; and those additional factors referred to under “Risk Factors” in Item 3.D of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025. Any forward-looking statements in this press release are made as of the date hereof, and will not be updated by the Company, whether as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Discussion Disclosure

The Company presents certain non-GAAP financial measures, in this press release and in the accompanying conference call to discuss the Company’s quarterly results. These non-GAAP financial measures reflect adjustments to corresponding GAAP financial measures in order to exclude the impact of the following: share-based compensation expenses; amortization of intangible assets; restructuring expenses; foreign exchange differences associated with ASC 842; and non-cash deferred tax income. 

The Company defines “Adjusted EBITDA” as non-GAAP operating income (loss), which reflects the adjustments described in the preceding paragraph to the Company’s GAAP net income (loss), as further adjusted to exclude depreciation expense. 

The purpose of the foregoing non-GAAP financial measures is to convey the Company’s performance exclusive of non-cash charges and other items that are considered by management to be outside of the Company’s core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage, and evaluate the Company’s business and make operating decisions, and the Company believes that they are useful to investors as a consistent and comparable measure of the ongoing performance of the Company’s business. The Company’s non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.

The reconciliation tables included below present a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measures.

Investor Contacts

Andrew G. Backman
Chief Capital Markets Officer
Andrew.Backman@kornit.com

KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
		December 31,			December 31,
		2025			2024
		(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	35,476		$	35,003
Short-term bank deposit			368,446			205,934
Marketable securities			53,926			222,937
Trade receivables, net			60,796			65,459
Inventory			47,211			60,342
Other accounts receivable and prepaid expenses			29,661			25,714
Total current assets			595,516			615,389
LONG-TERM ASSETS:
Marketable securities			33,332			48,086
Deposits and other long-term assets			16,018			10,542
Severance pay fund			385			306
Property, plant and equipment, net			69,492			59,222
Operating lease right-of-use assets			17,174			19,054
Intangible assets, net			9,429			5,721
Goodwill			29,164			29,164
Total long-term assets			174,994			172,095
Total assets			770,510			787,484
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables			6,059			9,019
Employees and payroll accruals			13,214			13,101
Deferred revenues and advances from customers			1,529			2,339
Operating lease liabilities			3,886			3,311
Other payables and accrued expenses			17,305			16,561
Total current liabilities			41,993			44,331
LONG-TERM LIABILITIES:
Accrued severance pay			1,155			1,051
Operating lease liabilities			14,727			15,065
Other long-term liabilities			62			138
Total long-term liabilities			15,944			16,254
SHAREHOLDERS' EQUITY			712,573			726,899
Total liabilities and shareholders' equity		$	770,510		$	787,484

KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
	Three Months Ended								Year Ended
	December 31,								December 31,
		2025				2024				2025				2024
	(Unaudited)								(Unaudited)				(Audited)
Revenues
Products	$	45,674			$	47,711			$	156,086			$	148,086
Services		13,181				12,985				52,114				55,739
Total revenues		58,855				60,696				208,200				203,825
Cost of revenues
Products		17,733				18,088				67,468				61,697
Services		12,489				11,479				48,466				50,366
Total cost of revenues		30,222				29,567				115,934				112,063
Gross profit		28,633				31,129				92,266				91,762
Operating expenses:
Research and development, net		10,297				9,781				37,731				41,578
Sales and marketing		14,559				15,200				58,722				58,413
General and administrative		7,360				7,358				30,385				29,086
Total operating expenses		32,216				32,339				126,838				129,077
Operating loss		(3,583	)			(1,210	)			(34,572	)			(37,315	)
Financial income, net		5,531				3,849				21,919				22,350
Income (loss) before taxes on income		1,948				2,639				(12,653	)			(14,965	)
Taxes on income		297				423				865				1,835
Net income (loss)	$	1,651			$	2,216			$	(13,518	)		$	(16,800	)
Basic income (loss) per share	$	0.04			$	0.05			$	(0.30	)		$	(0.35	)
Weighted average number of shares
used in computing basic net income (loss) per share		45,103,991				47,180,390				45,244,517				47,482,820
Diluted income (loss) per share	$	0.03			$	0.05			$	(0.30	)		$	(0.35	)
Weighted average number of shares
used in computing diluted net income (loss) per share		47,439,631				48,222,449				45,244,517				47,482,820

KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
		Three Months Ended								Year Ended
		December 31,								December 31,
			2025				2024				2025				2024
		(Unaudited)								(Unaudited)
Revenues		$	58,855			$	60,696			$	208,200			$	203,825
GAAP cost of revenues		$	30,222			$	29,567			$	115,934			$	112,063
Cost of product recorded for share-based compensation (1)			(508	)			(524	)			(2,095	)			(2,018	)
Cost of service recorded for share-based compensation (1)			(363	)			(409	)			(1,556	)			(1,703	)
Intangible assets amortization on cost of product (2)			(151	)			(176	)			(601	)			(936	)
Intangible assets amortization on cost of service (2)			(161	)			(160	)			(640	)			(640	)
Restructuring expenses (3)			-				(1,067	)			(1,055	)			(1,981	)
Non-GAAP cost of revenues		$	29,039			$	27,231			$	109,987			$	104,785
GAAP gross profit		$	28,633			$	31,129			$	92,266			$	91,762
Gross profit adjustments			1,183				2,336				5,947				7,278
Non-GAAP gross profit		$	29,816			$	33,465			$	98,213			$	99,040
GAAP operating expenses		$	32,216			$	32,339			$	126,838			$	129,077
Share-based compensation (1)			(4,372	)			(4,151	)			(18,292	)			(18,035	)
Intangible assets amortization (2)			(74	)			(88	)			(297	)			(350	)
Restructuring expenses (3)			(633	)			(105	)			(1,180	)			(862	)
Non-GAAP operating expenses		$	27,137			$	27,995			$	107,069			$	109,830
GAAP Financial income, net		$	5,531			$	3,849			$	21,919			$	22,350
Foreign exchange income (losses) associated with ASC 842			419				(169	)			2,155				388
Non-GAAP Financial income, net		$	5,950			$	3,680			$	24,074			$	22,738
GAAP Taxes on income		$	297			$	423			$	865			$	1,835
Non-GAAP Taxes on income		$	297			$	423			$	865			$	1,835
GAAP Net income (loss)		$	1,651			$	2,216			$	(13,518	)		$	(16,800	)
Share-based compensation (1)			5,243				5,084				21,943				21,756
Intangible assets amortization (2)			386				424				1,538				1,926
Restructuring expenses (3)			633				1,172				2,235				2,843
Foreign exchange income (losses) associated with ASC 842			419				(169	)			2,155				388
Non-GAAP net income		$	8,332			$	8,727			$	14,353			$	10,113
GAAP diluted income (loss) per share		$	0.03			$	0.05			$	(0.30	)		$	(0.35	)
Non-GAAP diluted income per share		$	0.18			$	0.18			$	0.31			$	0.20
Weighted average number of shares
Shares used in computing GAAP diluted net income (loss) per share			47,439,631				48,222,449				45,244,517				47,482,820
Shares used in computing Non-GAAP diluted net income per share			47,439,631				49,868,143				46,136,365				49,341,794
(1) Share-based compensation
	Cost of product revenues	$	508			$	524			$	2,095			$	2,018
	Cost of service revenues		363				409				1,556				1,703
	Research and development		1,168				1,255				4,777				5,310
	Sales and marketing		1,585				1,212				6,683				6,228
	General and administrative		1,619				1,684				6,832				6,497
		$	5,243			$	5,084			$	21,943			$	21,756
(2) Intangible assets amortization
	Cost of product revenues	$	151			$	176			$	601			$	936
	Cost of service revenues		161				160				640				640
	Sales and marketing		74				88				297				350
		$	386			$	424			$	1,538			$	1,926
(3) Restructuring expenses
	Cost of product revenues	$	-			$	818			$	1,037			$	1,683
	Cost of service revenues		-				249				18				298
	Research and development		-				-				44				235
	Sales and marketing		276				-				650				190
	General and administrative		357				105				486				437
		$	633			$	1,172			$	2,235			$	2,843

KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands)
	Three Months Ended								Year Ended
	December 31,								December 31,
		2025				2024				2025				2024
	(Unaudited)								(Unaudited)				(Audited)
Cash flows from operating activities:
Net income (loss)	$	1,651			$	2,216			$	(13,518	)		$	(16,800	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		3,190				3,313				11,897				13,047
Restructuring and other charges		856				1,172				856				1,172
Fair value of warrants deducted from revenues		-				-				-				3,273
Share-based compensation		5,243				5,084				21,943				21,756
Amortization of premium and accretion of discount on marketable securities, net		(179	)			(230	)			(953	)			(389	)
Realized loss on sale and redemption of marketable securities		-				(45	)			(58	)			(164	)
Loss from disposal of property and Equipments		117				-				273				-
Change in operating assets and liabilities:
Trade receivables, net		3,932				8,673				4,663				28,173
Other accounts receivables and prepaid expenses		1,339				1,795				(4,540	)			2,832
Inventory		1,402				2,875				9,677				3,005
Operating leases right-of-use assets and liabilities, net		456				(266	)			2,117				(502	)
Deposits and other long term assets		(1,744	)			(674	)			(5,476	)			(2,333	)
Trade payables		165				3,856				(3,787	)			2,150
Employees and payroll accruals		992				1,020				1,980				2,456
Deferred revenues and advances from customers		(203	)			798				(810	)			181
Other payables and accrued expenses		(6,348	)			(2,950	)			236				(9,020	)
Accrued severance pay, net		(232	)			6				25				(52	)
Other long - term liabilities		(30	)			20				(76	)			(60	)
Net cash provided by operating activities		10,607				26,663				24,449				48,725
Cash flows from investing activities:
Purchase of property, plant and equipment and capitalized software development costs		(8,138	)			(1,920	)			(21,274	)			(15,140	)
Proceeds from (investment in) short-term bank deposits, net		(30,643	)			(36,533	)			(162,512	)			29,666
Proceeds from sales and redemption of marketable securities		11,765				12,500				24,825				22,994
Proceeds from maturities of marketable securities		14,920				12,012				222,320				56,641
Investment in marketable securities		-				(16,772	)			(60,226	)			(62,673	)
Net cash provided by (used in) investing activities		(12,096	)			(30,713	)			3,133				31,488
Cash flows from financing activities:
Exercise of employee stock options		-				594				808				716
Payments related to shares withheld for taxes		(240	)			(402	)			(1,867	)			(1,476	)
Repurchase of ordinary shares		(1,050	)			(75,000	)			(26,050	)			(84,055	)
Net cash used in financing activities		(1,290	)			(74,808	)			(27,109	)			(84,815	)
Increase (decrease) in cash and cash equivalents		(2,779	)			(78,858	)			473				(4,602	)
Cash and cash equivalents at the beginning of the period		38,255				113,861				35,003				39,605
Cash and cash equivalents at the end of the period	$	35,476			$	35,003			$	35,476			$	35,003
Non-cash investing and financing activities:
Purchase of property and equipment on credit		1,074				247				1,074				247
Inventory transferred to be used as property and equipment		445				3,156				3,744				4,732
Property, plant and equipment transferred to be used as inventory		56				47				290				367
Lease liabilities arising from obtaining right-of-use assets		372				623				1,630				(448	)

KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
(U.S. dollars in thousands, except share and per share data)
		Three Months Ended								Year Ended
		December 31,								December 31,
			2025				2024				2025				2024
		(Unaudited)								(Unaudited)
GAAP Revenues		$	58,855			$	60,696			$	208,200			$	203,825
GAAP Net income (loss)			1,651				2,216				(13,518	)			(16,800	)
Taxes on income			297				423				865				1,835
Financial income			(5,531	)			(3,849	)			(21,919	)			(22,350	)
Share-based compensation			5,243				5,084				21,943				21,756
Intangible assets amortization			386				424				1,538				1,926
Restructuring expenses			633				1,172				2,235				2,843
Non-GAAP Operating income (loss)			2,679				5,470				(8,856	)			(10,790	)
Depreciation			2,804				2,889				10,359				11,121
Adjusted EBITDA		$	5,483			$	8,359			$	1,503			$	331

FAQ

What were Kornit Digital (KRNT) full-year 2025 revenues and adjusted EBITDA?

Kornit reported full-year 2025 revenue of $208.2M and adjusted EBITDA of $1.5M. According to the company, these results reflect returning revenue growth and positive adjusted EBITDA after prior-year performance.

How much Annualized Recurring Revenue (ARR) did Kornit report from its AIC program in 2025 (KRNT)?

Kornit exited 2025 with approximately $25M ARR from All-Inclusive Click (AIC). According to the company, AIC revenue totaled $15M for the full year, indicating accelerating customer adoption.

What guidance did Kornit give for Q1 2026 revenue and profitability (KRNT)?

For Q1 2026 Kornit expects revenue of $45M–$49M and adjusted EBITDA margin between -10% and -4%. According to the company, this reflects near-term investments and seasonality entering 2026.

Did Kornit improve GAAP net loss in 2025 compared with 2024 (KRNT)?

Yes. Kornit reported a GAAP net loss of $13.5M in 2025 versus $16.8M in 2024. According to the company, the improvement reflects revenue recovery and controlled operating expenses.

How did Kornit's Q4 2025 margins and adjusted EBITDA compare to Q4 2024 (KRNT)?

Q4 2025 adjusted EBITDA was $5.5M with a 9.3% margin, down from $8.4M and 13.8% in Q4 2024. According to the company, margin compression reflects mix and cost factors during the quarter.