Synchronoss Technologies Reports Q1 2025 Financial Results

Synchronoss ( (SNCR) ) has released its Q1 earnings. Here is a breakdown of the information Synchronoss presented to its investors.

Synchronoss Technologies, a global leader in personal cloud platforms, provides innovative solutions that empower service providers to enhance subscriber engagement and revenue streams.

In its first quarter of 2025, Synchronoss reported a total revenue of $42.2 million, with a significant 93.1% of this being recurring revenue. The company also successfully closed a $200 million term loan refinancing, extending its debt maturity until 2029, and reaffirmed its full-year guidance metrics.

Key financial metrics for the quarter included a net loss of $3.8 million, income from operations of $8.2 million, and adjusted EBITDA of $12.7 million. The gross margin improved to 70.4%, with an adjusted gross margin of 79.0%. Despite a slight decrease in total revenue compared to the previous year, the company saw a 3.3% growth in cloud subscribers.

Looking ahead, Synchronoss remains confident in achieving its 2025 financial outlook, projecting revenue between $170 and $180 million, with at least 90% as recurring revenue. The company anticipates maintaining an adjusted gross margin between 78% and 80% and an adjusted EBITDA margin of at least 30%.

The management’s strategic refinancing and focus on recurring revenue and subscriber growth position Synchronoss for continued stability and potential growth in a volatile economic environment.