ACI Worldwide(ACIW) - 2025 Q1 - Quarterly Results

Financial Performance - Q1 2025 revenue was $395 million, up 25% from Q1 2024[4] - Net income for Q1 2025 was $59 million compared to a net loss of $8 million in Q1 2024[4] - Adjusted EBITDA in Q1 2025 was $94 million, reflecting a 95% increase from Q1 2024[4] - Total revenues for Q1 2025 reached $394.6 million, a 25.0% increase from $316.0 million in Q1 2024[20] - Net income for Q1 2025 was $58.9 million, compared to a net loss of $7.8 million in Q1 2024, marking a significant turnaround[20] - Adjusted EBITDA for Q1 2025 was $94.1 million, up from $48.1 million in Q1 2024, reflecting a strong operational performance[23] - The company achieved a net adjusted EBITDA margin of 36% in Q1 2025, up from 24% in Q1 2024[23] - The company reported a basic earnings per share (EPS) of $0.56 in Q1 2025, compared to a loss per share of $0.07 in Q1 2024[20] Revenue Breakdown - Recurring revenue reached $286 million, growing 8% and representing 72% of total revenue[4] - Recurring revenue for Q1 2025 totaled $285.7 million, a 8.9% increase from $263.5 million in Q1 2024[24] - The newly formed Payment Software segment grew revenue by 42% in Q1 2025[7] - Annual recurring revenue (ARR) bookings for Q1 2025 were $8.9 million, an increase from $6.4 million in Q1 2024[24] - License and services bookings for Q1 2025 were $50.0 million, significantly higher than $27.2 million in Q1 2024[24] Cash Flow and Guidance - Cash flow from operating activities in Q1 2025 was $78 million, down from $123 million in Q1 2024[4] - The company reported a net cash flow from operating activities of $78.2 million in Q1 2025, down from $123.2 million in Q1 2024[22] - The company ended Q1 2025 with $230 million in cash and a net debt leverage ratio of 1.2x adjusted EBITDA[5] - Cash and cash equivalents at the end of Q1 2025 were $366.8 million, compared to $238.1 million at the end of Q1 2024[22] - ACI raised its full-year 2025 revenue guidance to a range of $1.690 billion to $1.720 billion[8] - For Q2 2025, revenue is expected to be between $375 million and $385 million[8] Share Repurchase - ACI repurchased 1 million shares for approximately $52 million year-to-date[6]