Strong Start to 2025 with Exceeded Guidance
PROS Holdings exceeded the high end of their guidance ranges across all metrics with sales performing ahead of expectations in both B2B and travel segments. The trailing 12-month recurring calculated billings grew 14% year-over-year, marking the strongest performance in 10 quarters.
Significant Improvement in Free Cash Flow
Free cash flow improved by 123% year-over-year, with a positive free cash flow of $1.1 million in the first quarter, marking an improvement of $6 million despite Q1 typically being a seasonally high cash use quarter.
Industry Recognition and New Customer Wins
PROS was named a leader in the Forrester Wave for configure price quote solutions, and received leader rankings in the Gartner Magic Quadrant and IDC MarketScape for CPQ. Notable customer wins include a Fortune 500 chemicals company, Softcat, and Grundfos.
Strong Demand in Travel Segment
The travel segment saw strong demand in Q1, including wins at two of the top seven US carriers by domestic market share, with Southwest Airlines selecting PROS offer marketing to amplify brand visibility and capture more demand.
Improved Non-GAAP Gross Margins
Non-GAAP subscription gross margin improved to 81%, a year-over-year improvement of over 160 basis points, and overall non-GAAP gross margin increased to 70%, marking an improvement of over 270 basis points.