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Alarm Announces CFO Steve Valenzuela’s Retirement

Story Highlights
  • Alarm.com’s CFO Steve Valenzuela will retire on June 2, 2025, with an amicable departure.
  • The company saw significant growth in 2024, boosted by increased SaaS revenue and strategic acquisitions.
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Alarm Announces CFO Steve Valenzuela’s Retirement

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Alarm ( (ALRM) ) has shared an announcement.

On February 17, 2025, Alarm.com announced the retirement of CFO Steve Valenzuela, effective June 2, 2025, emphasizing that his departure was amicable and unrelated to company disagreements. The company reported significant financial growth for the year 2024, with a notable increase in SaaS and license revenue and GAAP net income. The acquisition of CHeKT expanded its remote video monitoring offerings, reinforcing its industry position and enhancing solutions for commercial and residential markets.

More about Alarm

Alarm.com is a leading platform for intelligently connected properties, offering security, video, access control, intelligent automation, energy management, and wellness solutions through a network of professional service providers globally. Its common stock is traded on Nasdaq under the ticker symbol ALRM.

YTD Price Performance: 1.50%

Average Trading Volume: 348,218

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $3.04B

Learn more about ALRM stock on TipRanks’ Stock Analysis page.

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