Q4 2025 Kornit Digital Ltd Earnings Call Transcript

Feb 11, 2026 / 01:30 PM GMT

Release Date Price: $17.18 (+20.65%)

Transcript

Key Points

Positve

Kornit Digital Ltd (KRNT) achieved all its 2025 objectives, including a return to revenue growth and a transition towards a more recurring ARR model.
The company reported strong double-digit impression growth in Q4 year-over-year and 11% growth for the full year, reaching 243 million impressions.
Kornit Digital Ltd (KRNT) delivered Q4 revenues of $58.9 million and adjusted EBITDA of $5.5 million, both at the upper end of their guidance.
The company generated approximately $11 million in operating cash flow in Q4, marking its ninth consecutive quarter of positive operating cash generation.
Over 40% of system deals in 2025 came from net new customers, indicating successful penetration into new markets, particularly among traditional screen printers adopting digital production.

Negative

Non-GAAP gross margin for Q4 was 50.7%, down from 55.1% in Q4 2024, reflecting changes in product mix and the impact of tariffs.
Adjusted EBITDA for Q4 was $5.5 million, compared to $8.4 million in the same period last year, indicating a decrease in profitability.
The company expects low single-digit revenue growth in 2026, reflecting a deliberate decision to accelerate the transition towards the AIC model, which may impact short-term revenue.
Operating expenses for Q4 included an unfavorable $1.1 million impact from foreign exchange, highlighting exposure to currency fluctuations.
The direct-to-fabric market was challenging in 2025, with higher expectations not being met, although a stronger pipeline is anticipated for 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KRNT.OQ - Kornit Digital Ltd
Q4 2025 Kornit Digital Ltd Earnings Call
Feb 11, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to Corne Digital's 4th quarter and full year 2025 earnings conference call. As a reminder, this call is being recorded. I would now like to turn the conference over to our host, Mr. Andy Bachman, Chief Capital Markets Officer for Coordinate Digital. Mr. Bachman, you may begin.

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Unidentified_2 [2]
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Thank you, operator. Good day, everyone, and welcome to Corneet Digital's fourth quarter and full year 2025 earnings conference call.

Joining me today are Ronan Samuel, Cornet's Chief Executive Officer. And Assafz Zapari, our Chief

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