Alarm.com(US:ALRM)2025-11-06 21:23Revenue Growth - SaaS and license revenue increased 10.1% to $175.4 million, compared to $159.3 million for Q3 2024[8] - Total revenue increased 6.6% to $256.4 million, compared to $240.5 million for Q3 2024[8] - Total revenue for Q3 2025 was $256.4 million, a 6.3% increase from $240.5 million in Q3 2024[30] - SaaS and license revenue reached $175.4 million, up 10.5% from $159.3 million year-over-year[30] - For Q4 2025, SaaS and license revenue is expected to be in the range of $176.0 million to $176.2 million[7] - Full year 2025 SaaS and license revenue guidance is now expected to be in the range of $685.2 million to $685.4 million[15] - Total revenue for 2025 is expected to be $1.00 billion, including hardware and other revenue in the range of $315.0 million to $316.0 million[15] Net Income and Earnings - GAAP net income was $35.1 million, compared to $36.5 million for Q3 2024[8] - Net income attributable to common stockholders for Q3 2025 was $35.3 million, compared to $36.7 million in Q3 2024, reflecting a decrease of 3.6%[30] - The company reported a basic net income per share of $0.71 for Q3 2025, down from $0.74 in Q3 2024[30] - Non-GAAP adjusted net income attributable to common stockholders increased 20.6% to $42.4 million, or $0.76 per diluted share[8] - Non-GAAP adjusted net income attributable to common stockholders per diluted share for the three months ended September 30, 2025, was $0.76, up from $0.62 in 2024[41] - The company reported a non-GAAP adjusted net income attributable to common stockholders per share - basic of $0.85 for the three months ended September 30, 2025, compared to $0.71 in 2024[41] Cash and Cash Equivalents - Total cash and cash equivalents was $1.07 billion as of September 30, 2025, down from $1.22 billion as of December 31, 2024[8] - Cash, cash equivalents, and restricted cash at the end of the period were $1,074,899,000, a decrease from $1,178,675,000 at the end of 2024[35] - The company reported a net decrease in cash, cash equivalents, and restricted cash of $(154,233,000) for the nine months ended September 30, 2025[35] - Cash flows from operating activities decreased to $117,401,000 in 2025 from $150,153,000 in 2024, representing a decline of 21.8%[35] - Cash flows from operating activities for the nine months ended September 30, 2025, were $117,401, down from $150,153 in 2024[41] Expenses and Liabilities - Research and development expenses for Q3 2025 were $66.6 million, a 7.3% increase from $62.2 million in Q3 2024[30] - Total liabilities decreased to $1.24 billion as of September 30, 2025, from $1.27 billion at the end of 2024[33] - Stock-based compensation expense for the nine months ended September 30, 2025, was $26,613,000, down from $31,675,000 in 2024[37] - The company reported an increase in stock-based compensation expense to $0.16 for the three months ended September 30, 2025, from $0.18 in 2024[41] Business Acquisitions and Investments - EnergyHub acquired Bridge to Renewables to enhance its managed charging solutions for EV drivers[8] - The company made a business acquisition with a net cash outflow of $35,733,000 in 2025[35] - Cash flows used in investing activities increased significantly to $(250,003,000) in 2025 from $(16,553,000) in 2024[35] Growth Outlook - The company anticipates continued growth in SaaS and license revenue driven by new product offerings and market expansion[30] - Non-GAAP adjusted EBITDA increased 18.4% to $59.2 million, compared to $50.0 million for Q3 2024[8] - Non-GAAP adjusted EBITDA for the nine months ended September 30, 2025, was $151,111,000, up 16.4% from $129,853,000 in 2024[37] - Net income for the nine months ended September 30, 2025, was $97,029,000, an increase of 5.8% compared to $92,380,000 in 2024[35] - The effective tax rate for the three and nine months ended September 30, 2025, was 21.0%, consistent with the same period in 2024[41]