Revenue Growth
Q1 revenue of $385 million, up 8.6% year-over-year; fourth consecutive quarter of positive YoY revenue growth and outperformance versus prior expectations.
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA of $105 million, up 14% YoY, with adjusted EBITDA margin of 27.3% representing a 130 basis point improvement versus prior year quarter.
Earnings Per Share Improvement
Adjusted diluted EPS of $0.26, a 53% increase year-over-year driven by scale, synergy realization and lower interest expense.
Strong Cash Generation and Leverage Reduction
Operating cash flow of $49.4 million, up $30 million (154%) YoY; cash balance of $226 million; synergized adjusted EBITDA net leverage ratio improved to 3.9x (half-turn decrease since Oct 2024).
Capital Allocation Execution
Launched $100 million share repurchase program and repurchased $19.5 million in Q1 ($33.3 million through May 1); made voluntary debt prepayments of $25 million in Q1 and an additional $25 million in May, totaling $120.5 million repaid since the Sterling acquisition.
Synergy Realization from Acquisition
Actioned $58 million in run-rate acquisition synergies and realized $47 million of aggregate synergies over the last 12 months, demonstrating integration progress.
Go-to-Market Momentum and Large Deal Wins
Combined contribution from upsell, cross-sell and new logos was 12% in Q1; 17 enterprise bookings in Q1 with expected ACV of $500k+ per deal; pipeline at historic high and improved win rates.
Product Differentiation: Digital Identity and AI
Digital Identity included in roughly 25% of Q1 implementations with accelerating go-lives versus Q4; AI embedded across platform reduced applicant call center contacts by ~50%, enabled nearly 25% of candidates to self-serve, and improved agent productivity by ~20%.