Revenue and Customer Growth
Total revenue for Q1 2025 was $36.7 million, up 3% year over year. Software revenue was $30.9 million, with a notable increase in customers spending more than $100,000, up 8% year over year.
Strong Cash Position
The company ended Q1 with $118.8 million in cash and short-term investments and no debt, providing a solid financial foundation.
Growth in Large Multi-Terabyte Matters
There was continued growth in revenue from large multi-terabyte matters, indicating potential future revenue expansion.
Cecilia Generative AI Suite Expansion
The number of Cecilia Q&A customers grew five times from Q1 2024, showing strong momentum and customer adoption.
Munch Hart Contract Renewal
Renewed a three-year subscription with law firm Munch Hart, doubling their commitment compared to their prior contract.