73 unchanged sentences
See the "Non-GAAP Measures" section of Item 2.
−Removed: "Management’s Discussion and Analysis of Financial Condition and Results of Operations" for a discussion of the limitations of non-GAAP adjusted EBITDA and a reconciliation of non-GAAP adjusted EBITDA from net income, the most directly comparable GAAP measurement, for the three months ended March 31, 2026 and 2025.
+Added: "Management’s Discussion and Analysis of Financial Condition and Results of Operations" for a discussion of the limitations of non-GAAP adjusted EBITDA and a reconciliation of non-GAAP adjusted EBITDA from net income, the most directly comparable GAAP measurement, for the three and six months ended June 30, 2026 and 2025.
Downturns in general economic and market conditions and reductions in spending may reduce demand for our platforms and solutions, which could harm our revenue, results of operations and cash flows.
65 unchanged sentences
We have experienced significant growth and also have substantially expanded our operations in a short period of time.
−Removed: Our revenue increased from $842.6 million in 2022 to $1.0112 billion in 2025 and increased from $238.8 million for the three months ended March 31, 2025 to $265.2 million for the three months ended March 31, 2026.
+Added: Our revenue increased from $842.6 million in 2022 to $1.0112 billion in 2025 and increased from $493.1 million for the six months ended June 30, 2025 to $542.9 million for the six months ended June 30, 2026.
We do not expect to achieve similar growth rates in future periods.
25 unchanged sentences
On July 3, 2025, SkyBell Technologies, Inc., or SkyBell, filed a lawsuit against us alleging that Alarm.com misappropriated SkyBell’s trade secrets relating to video doorbells.
+Added: On May 26, 2026, SkyBell filed an amended complaint adding allegations that Alarm.com infringed copyrights in its computer source code.
See the section of this Quarterly Report titled "Legal Proceedings" for additional information regarding each of these matters and the other legal proceedings we are involved in.
257 unchanged sentences
Any of these disruptions to our inventory and supply chain could have a material adverse effect on our business, financial condition, cash flows and results of operations.
−Removed: We have several large hardware suppliers from which we procure hardware on a purchase order basis, including three key suppliers that supplied products and components of our inventory which collectively represented 50% of our hardware revenue for the three months ended March 31, 2026 (31%, 13% and 6% of hardware revenue, respectively).
+Added: We have several large hardware suppliers from which we procure hardware on a purchase order basis, including three key suppliers that supplied products and components of our inventory which collectively represented 42% of our hardware revenue for the six months ended June 30, 2026 (25%, 11% and 6% of hardware revenue, respectively).
The failure of any of these key suppliers or their subcomponent suppliers to deliver product on time or at the contracted price would materially and adversely affect our business, financial condition, cash flows and results of operations.
206 unchanged sentences
Goodwill and other identifiable intangible assets represent a significant portion of our total assets, and we may never realize the full value of our intangible assets.
−Removed: As of March 31, 2026, we had $318.1 million of goodwill and identifiable intangible assets.
+Added: As of June 30, 2026, we had $312.4 million of goodwill and identifiable intangible assets.
Goodwill and other identifiable intangible assets are recorded at fair value on the date of acquisition.
92 unchanged sentences
We anticipate our efforts to operate and continue to expand our business internationally will entail additional costs and risks as we establish our international offerings and develop relationships with service provider partners to market, sell, install, and support our platforms, solutions and brand in other countries.
−Removed: Revenue in countries outside of North America accounted for 5% and 6% of our total revenue for the three months ended March 31, 2026 and 2025, respectively.
+Added: Revenue in countries outside of North America accounted for 5% and 6% of our total revenue for the six months ended June 30, 2026 and 2025, respectively.
We have limited experience in selling our platforms and solutions in international markets outside of North America or in conforming to the local cultures, standards, or policies necessary to successfully compete in those markets, and we may be required to invest significant resources in order to do so.
68 unchanged sentences
District Court, Eastern District of Virginia, alleging that Alarm.com misappropriated SkyBell’s trade secrets relating to video doorbells.
+Added: On May 26, 2026, SkyBell filed an amended complaint adding allegations that Alarm.com infringed copyrights in its computer source code.
SkyBell is seeking injunctive relief, enhanced damages, attorneys’ fees, a constructive trust, and an order that Alarm.com assign to SkyBell the alleged trade secrets.
147 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.