Synchronoss Technologies Reports Q2 2025 Financial Results

Synchronoss ( (SNCR) ) has released its Q2 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 to empower service providers in enhancing subscriber engagement and revenue streams. In its second quarter of 2025, Synchronoss reported a revenue of $42.5 million, with a notable 92.6% coming from recurring revenue sources. The company also received a $33.9 million tax refund under the CARES Act, which was used to reduce its debt.

The key financial highlights for the quarter include a net loss of $19.6 million, income from operations of $6.9 million, and an adjusted EBITDA of $12.8 million. The company also completed a $200 million term loan to strengthen its capital structure, allowing for strategic investments in its core cloud products. Additionally, Synchronoss signed a significant agreement to integrate its cloud storage solution with SoftBank’s customer application, which is expected to drive subscriber growth.

Despite a slight decrease in total revenue compared to the previous year, Synchronoss maintained a strong gross profit margin of 69.3% and an adjusted gross margin of 79.3%. The company reaffirmed its full-year guidance, projecting a revenue range between $170 and $180 million and an adjusted EBITDA of $52 to $56 million.

Looking ahead, Synchronoss remains confident in its strategic direction and business model, aiming to secure new customer agreements and sustain growth into 2026. The management’s reaffirmation of annual guidance metrics reflects their optimism in navigating macroeconomic uncertainties and capitalizing on opportunities in the cloud services sector.