Allot reports Q1 revenue growth of 14% to $26.4 million

Allot Ltd. (NASDAQ: ALLT) reported first-quarter 2026 revenue of $26.4 million, representing a 14% increase from $23.2 million in the same period last year, according to the company's unaudited financial results released May 12, 2026.

The Israel-based cybersecurity and network intelligence provider posted GAAP operating income of $1.5 million compared to an operating loss of $0.7 million in the first quarter of 2025. Non-GAAP operating income reached $2.6 million versus $0.4 million in the prior-year period.

Security-as-a-Service (SECaaS) revenue grew 71% year-over-year to $8.7 million, while SECaaS annual recurring revenue reached $33.7 million as of March 2026, up 59% from the previous year. Recurring revenues represented 67% of total revenue for the quarter.

The company reported net income of $1.9 million, or $0.04 per diluted share, compared to a net loss of $0.3 million, or $0.01 loss per basic share, in the first quarter of 2025. Operating cash flow reached $10.6 million, compared to $1.7 million in the prior-year quarter.

Gross profit increased 17% to $18.7 million, with gross margin improving to 70.9% from 69.3% in the first quarter of 2025. Cash and cash equivalents totaled $98 million as of March 31, 2026, up from $88 million at the end of 2025.

CEO Eyal Harari stated the company reaffirms its 2026 revenue guidance of $113 million to $117 million and expects 40% or more SECaaS revenue growth for the full year.

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