A Defining Finale to a Breakout Year

thinkRF — All-in-one spectrum intelligence and network analytics • thinkRF.com

2025: From Momentum to Mastery

Q42025 marked the strongest quarter in thinkRF’s history and the culmination of a year that fundamentally reshaped the company’s scale, credibility, and trajectory. What began as early momentum in Q1 carried forward through disciplined execution in Q2 and Q3, and concluded in Q4 with record delivery, operational control, and financial performance.

2025 stands as a defining year in which thinkRF transitioned from a high-potential innovator into a proven, high-growth spectrum intelligence leader — trusted at national scale, delivering consistently, and building a durable, increasingly capital-efficient business.

Record Financial Performance and Operating Discipline

thinkRF delivered a standout financial performance in 2025, combining strong growth with materially improved efficiency:

• 35% year-over-year revenue growth
• 40% recurring revenue driven by subscriptions, renewals, and new commercial models
• 60% of revenue from international markets, reflecting global adoption
• 8 consecutive quarters of achieving revenue targets, reflecting disciplined execution
• 78% gross margin, reflecting platform maturity and pricing discipline
• +42-point improved EBITDA margin, demonstrating operating leverage and cost control

Over the 2023–2025 period, revenue grew 3.4× (84% CAGR), international revenue increased from 47% to 60%, gross margins expanded from 12% to 78%, EBITDA margin improved by 258 basis points, and recurring revenue grew from 0% to 40%. These results position thinkRF squarely in the high-growth hybrid tech category.

Commercial Execution at National and Global Scale

Throughout 2025, thinkRF consistently converted strategy into results through disciplined execution, deliberate market selection, and scalable commercial models:

Multiple national-scale deployments were awarded, renewed, or fully executed across North America, Europe, and the Middle East, including landmark wins that displaced long-standing incumbents.

New commercial models, including rental and flexible deployment structures, were successfully introduced and validated in the GCC and other dynamic markets.

This execution translated into consistent achievement of quarterly sales objectives across diverse geographies and customer segments.

By year-end, thinkRF had firmly established itself as a reference platform for modern spectrum management, trusted by regulators, operators, and security organizations alike.

SXM Platform Leadership and Product Expansion

2025 was equally transformative from a product and technology standpoint. SXM platform advanced significantly in automation, analytics depth, usability, and performance — driven by real customer deployments and direct feedback. These advances reinforced SXM’s differentiation as a fully autonomous, end-to-end spectrum intelligence platform capable of continuous, national-scale operation.

In parallel, thinkRF expanded SXM into new markets and use cases, establishing it as an all-in-one, centrally managed spectrum intelligence platform. Together, these investments reflect deliberate platform stewardship, positioning SXM as long-term infrastructure for spectrum intelligence.

Global Visibility, Brand Credibility, and Market Presence

thinkRF’s market presence reached new levels in 2025:

• Strong global engagement across leading industry forums spanning Europe, Middle East, Africa, North America, and Latin America, driving increased visibility and recognition among regulators, telecom operators, and security organizations worldwide.
• Lead generation more than doubled in the second half of the year, driven by sharper positioning, targeted campaigns, and thought leadership.
• Publication of high-impact white papers and co-authored studies with national authorities and partners further strengthened thinkRF’s credibility as a trusted voice in spectrum intelligence.
• Launch of a refreshed corporate website, aligning brand, messaging, and use-case clarity with the company’s growing stature.

Looking Ahead: Built to Scale, Ready for What’s Next

2025 proved that thinkRF can deliver growth with discipline, innovation with execution, and ambition with credibility. As we enter 2026, the company does so from a position of strength: a mature platform, a diversified global customer base, a scalable operating model, and a team proven capable of executing at increasing levels of complexity and scale.

The journey ahead remains ambitious — but 2025 has shown, unequivocally, that thinkRF is ready for it.

ABOUT thinkRF

thinkRF is redefining how the world understands and manages wireless spectrum. Its Spectrum eXperience Management (SXM) platform provides continuous, real-time spectrum intelligence through a network of autonomous sensors and AI-driven analytics — delivering unprecedented visibility into today’s increasingly complex wireless environments. Trusted by regulators, operators, and security organizations across the globe, thinkRF enables smarter spectrum management, faster decision-making, and more resilient wireless infrastructure. As spectrum becomes mission-critical digital infrastructure, thinkRF is positioning itself as a long-term partner in shaping the future of wireless. For more information, visit thinkrf.com