IBEX(IBEX) - 2026 Q1 - Quarterly Results

Revenue Performance - Revenue for the first fiscal quarter of 2026 was $151.2 million, a 16.5% increase from $129.7 million in the same quarter of the previous year[3] - Revenue growth was driven by key verticals: Retail & E-commerce (+25.0%), HealthTech (+19.5%), and Travel, Transportation and Logistics (+15.4%)[5] - Revenue for the three months ended September 30, 2025, was $151,179,000, an increase of 16.5% compared to $129,717,000 in 2024[24] Net Income and Earnings - Net income rose to $12.0 million, up 59.9% from $7.5 million year-over-year, resulting in a net income margin of 8.0%, compared to 5.8% in the prior year[11] - Diluted earnings per share (EPS) grew 91.4% year-over-year to $0.82, while adjusted EPS increased 74.1% to $0.90[3] - Net income for the same period was $12,042,000, representing a 60.5% increase from $7,531,000 in 2024[24] - Adjusted net income increased to $13,134,000 in 2025, up from $9,032,000 in 2024, reflecting a margin improvement from 7.0% to 8.7%[28] EBITDA and Adjusted EBITDA - Adjusted EBITDA increased to $19.5 million, a 24.9% growth from $15.6 million in the prior year, with an adjusted EBITDA margin of 12.9%[11] - EBITDA for Q3 2025 was $18,107,000, compared to $14,044,000 in Q3 2024, indicating a year-over-year growth of 28.8%[30] - Adjusted EBITDA for Q3 2025 was $19,466,000, compared to $15,588,000 in Q3 2024, with an adjusted EBITDA margin of 12.9%[30] Cash Flow and Financial Position - Free cash flow reached $8.0 million, compared to $4.1 million in the prior year quarter[11] - Free cash flow for the three months ended September 30, 2025, was $8,031,000, up from $4,132,000 in 2024, marking a 94.5% increase[32] - Cash and cash equivalents at the end of Q3 2025 totaled $22,694,000, an increase from $15,350,000 at the beginning of the quarter[34] - The company reported a net cash position of $21,121,000 as of September 30, 2025, up from $13,731,000 in June 2025[34] Guidance and Future Outlook - The company raised its fiscal year 2026 revenue guidance to a range of $605 to $620 million, up from $590 to $610 million[12] - Adjusted EBITDA guidance for fiscal year 2026 was also raised to a range of $78 to $81 million, up from $75 to $79 million[12] Capital Expenditures and Share Repurchase - Capital expenditures for the quarter were $7.6 million, an increase from $3.6 million in the prior year quarter, driven by capacity expansion[11] - The company repurchased 91,658 shares for $2.7 million during the quarter, improving net cash to $21.1 million, an increase of $7.4 million from the previous quarter[11] Debt and Compensation - Total debt as of September 30, 2025, was $1,573,000, slightly down from $1,619,000 as of June 30, 2025[34] - Stock-based compensation expense increased to $2,550,000 in Q3 2025 from $670,000 in Q3 2024, reflecting increased investment in employee incentives[28]