Significant Gross Billings Increase
Gross billings in Q2 of 2025 increased 39% to $500.6 million compared to $359.8 million in the year-ago quarter.
Strong Net Sales Growth
Net sales in the second quarter of 2025 increased 73% to $159.3 million compared to $92.1 million in the same quarter of 2024.
Substantial Gross Profit Improvement
Gross profit increased 42% to $26.3 million compared to $18.6 million, driven by organic growth and the contribution from DSS.
Net Income Surge
Net income increased 74% to $6 million or $1.30 per diluted share compared to $3.4 million or $0.75 per diluted share in the comparable period of 2024.
Adjusted EBITDA Growth
Adjusted EBITDA increased 64% to $11.4 million compared to $6.9 million in the prior year quarter.
Decrease in SG&A as a Percentage of Gross Billings
SG&A as a percentage of gross billings decreased to 3.3% in Q2 of 2025 compared to 3.6% in the year-ago period.
Strategic Partnerships and Leadership Appointments
New partnerships with Ignite and IGEL, and appointments of Vishal Pushpa as CIO and Carlos Rodrigues as President of North America, highlighting strategic growth and leadership strengthening.