Alarum Technologies Ltd. reported strong top-line growth with revenues rising 28% in 2025 to $40.8 million, fueled primarily by increased demand for data collection solutions and datasets supporting AI and analytics clients. However, net income contracted sharply by over 80% year-over-year to $963,000 amid rising cost of revenues and escalating R&D and administrative expenses as the company expands technology investments. Alarum’s moat stems from its vast residential and data center proxy infrastructure and advanced website unblocker technology that enables anonymous, large-scale web scraping across geographies. Going forward, growth depends on successful cross-selling of new data collection service packages, managing customer concentration risks, and navigating evolving regulatory challenges related to data privacy and web scraping legality.