Synchronoss ( (SNCR) ) has released its Q3 earnings. Here is a breakdown of the information Synchronoss presented to its investors.
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Synchronoss Technologies, a global leader in personal cloud solutions, provides service providers with SaaS platforms to enhance subscriber engagement and streamline operations. In its third quarter of 2025, Synchronoss reported a net income of $5.8 million and a diluted EPS of $0.51, with total revenue reaching $42 million, 93.8% of which was recurring. The company also successfully deployed a hybrid cloud AI model aimed at cost optimization.
Key financial metrics highlighted include a slight decrease in total revenue compared to the previous year, attributed to delays in new customer signings and subscriber growth challenges. Despite these challenges, the company maintained a high gross margin of 69.4% and adjusted EBITDA of $12 million. The receipt of a $33.9 million CARES Act Tax refund significantly reduced the company’s net debt and interest expenses.
Strategically, Synchronoss is focused on expanding its customer base, with expectations to add a new customer by the end of 2025 and a tier 1 customer in the first half of 2026. These additions are anticipated to drive revenue growth and profitability in the coming years.
Looking forward, Synchronoss remains optimistic about its growth prospects, with a revised revenue outlook for 2025 between $169 million and $172 million, and a strong emphasis on maintaining high recurring revenue. The company’s strategic initiatives and robust pipeline position it well for enhanced shareholder value and profitable growth in 2026 and beyond.