Strong Start to Fiscal Year 2025
Q1 2025 revenue grew 25% compared to Q1 2024, and EBITDA increased by 95%.
Payment Software Segment Growth
Payment Software segment revenue increased by 42% and adjusted EBITDA more than doubled compared to Q1 2024.
Introduction of Connetic
Officially named the next-generation payments hub solution 'Connetic'. The solution is cloud-native and offers enhanced capabilities such as AI-driven analytics.
Biller Segment Growth
Biller segment revenue increased by 11% in Q1 2025, with new ARR bookings up about 40% over Q1 2024.
Strong Cash Flow and Financial Position
Cash flow from operating activities was $78 million, with $230 million in cash on hand and a net debt leverage ratio of 1.2x.
Raised Full-Year Revenue Guidance
Full-year revenue is now expected to be in the range of $1.69 billion to $1.72 billion.