Strong Revenue Growth
Total revenue for Q1 2025 increased by 37% to $14.7 million compared to Q1 2024. SaaS license revenue grew by 42%.
Significant Increase in Annual Recurring Revenue
ARR reached $63.5 million, up 51% from the previous year, indicating strong continued demand for kneat's solutions.
High Gross Profit Growth
Gross profit increased by 38% to $10.9 million from Q1 2024, reflecting the growth in SaaS revenues and efficient cost management.
Successful Customer Expansion
Over two-thirds of the wins in the quarter were expansions within existing customers, indicating strong product adoption and customer satisfaction.
Promising Industry Event
The Validate user conference was the largest and most beneficial to date, reinforcing customer alignment with kneat's product development strategy.