Record-Breaking Revenue Growth
Total revenues in Q1 2025 grew to $166.6 million, up 83% from the prior year period and up 13% sequentially.
Strong Performance in Auto Insurance Vertical
Revenue from the auto insurance vertical was $152.7 million in Q1, up 97% year-over-year.
Significant Growth in Variable Marketing Dollars
VMD increased to $46.9 million for the first quarter, up 52% from the prior year period.
Adjusted EBITDA Achievement
Adjusted EBITDA in Q1 was a record $22.5 million, compared to $7.6 million in the prior year period.
Operational Efficiency and Cash Flow
Operating cash flow of $23.3 million for the first quarter with cash and cash equivalents of $125 million, up from $102.1 million at the end of 2024.
Smart Campaigns Product Success
Smart Campaigns product improved a customer’s campaign performance by over 40% and is gaining wider adoption.
Expansion in Paid Products
Paid products per agency increased 25% year-over-year in March.