Record Revenue Growth
Fiscal year 2025 first quarter revenue grew 125% year-over-year and 41% sequentially, with a total revenue of $279.2 million.
Auto Insurance Revenue Surge
Auto insurance revenue grew 664% year-over-year to a record level in the quarter.
Financial Services and Home Services Growth
Total Financial Services revenue grew 192%, and Home Services revenue grew 32% year-over-year.
Strong Adjusted EBITDA
Adjusted EBITDA jumped to over $20 million in the quarter, with a full fiscal year 2025 outlook expected to be between $75 million and $80 million.
Positive Long-term Outlook
The company raised its full fiscal year 2025 revenue outlook to about $1 billion, with expectations of continued strong performance, particularly in the auto insurance segment.
Strong Financial Position
Closed the quarter with $25 million of cash and equivalents and no bank debt, with a normalized ending cash balance of approximately $47 million.