Record Revenue and Strong Organic Growth
Net revenue of $136.6 million in Q1 2026, representing 23.2% year-over-year organic growth (15.5% at constant currency). This quarter marks the 60th consecutive quarter of double-digit organic growth.
Improving Profitability and Cash Generation
Adjusted EBITDA of $20.8 million (15.2% margin) in Q1 2026; on an FX-neutral basis adjusted EBITDA would be $22.2 million (17.4% margin). Operating cash flow was $13.5 million, equivalent to 65% of adjusted EBITDA, indicating high cash conversion.
Bottom-Line and EPS Growth
Adjusted net income of $10.2 million, a 6.2% increase year-over-year, with an adjusted net income margin of 7.5%. Adjusted diluted EPS was $0.08, up 11.8% versus Q1 2025.
AI Momentum and Commercial Evolution
Accelerating AI adoption: 20% of new sales in Q1 2026 were based on new value-based pricing models (output/consumption/outcome-based). Management expects these models to drive gross margin expansion over coming quarters as adoption scales.
Pipeline Expansion and Sales Execution
Pipeline value is ~30% higher versus the same period last year, with large-deal pipeline growth driven by AI deployment. Land-and-expand evidence: the $5M-$10M client cohort increased from 15 to 18 clients in the quarter.
Broad-Based Geographic and Account Growth
Geographic growth led by Latin America (+33% YoY), North America (+16% YoY) and new markets (+11% YoY). Top-10 accounts expanded 18.9% year-over-year and growth was distributed across almost all industry verticals.
Workforce and Talent Transformation
Headcount exceeded 8,000 professionals with ~6,600 average 'AI-builders'; headcount grew 13.3% YoY, which was below revenue growth (15.5% at constant currency), lifting revenue per professional. Voluntary attrition was low at 10.3% and Glassdoor score was 4.1.
Upgraded Guidance and Forward Outlook
Q2 2026 revenue expected to be at least $140 million (19.5% YoY; 13.9% constant currency). Full-year 2026 revenue guidance raised to $556M–$575M (organic growth 13.5%–17.5%, midpoint 15.5%) and adjusted EBITDA margin guidance increased to 17%–19%.
ESG and Recognition
Published 2025 global ESG report; achievements include reaching 100,000 people via funded projects, Golden Seal from Brazil GHG Protocol, and 100% renewable energy across Brazilian operations. Great Place to Work recognition for 19 consecutive years.