Q1 2025 Earnings Call Presentation Q3 2025 Earnings Call Presentation Matt Calkins, Founder & CEO Mark Lynch, Interim CFO Matt Calkins, CEO Serge Tanjga, CFO Disclaimer. In this presentation, we may make statements related to our business that are forward-looking statements under federal securities laws and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to our financial results, trends and guidance for the fourth quarter ...

Financial Performance - Total revenue for Q1 2025 was $1664 million, an 11% increase compared to Q1 2024[10] - Cloud subscriptions revenue reached $998 million in Q1 2025, a 15% growth from Q1 2024[10] - Subscriptions revenue totaled $1344 million in Q1 2025, reflecting a 14% increase year-over-year[10] - Adjusted EBITDA for Q1 2025 was $168 million[7] Margins - Subscriptions gross margin was 89%[10] - Professional services gross margin was 30%[10] - Overall gross margin stood at 78%[10] Customer Retention - Cloud subscriptions revenue retention rate was 112% as of March 31, 2025[8] - Cloud Gross Renewal Rate was 99% in Q1 2025[17] Guidance for Q2 and Full Year 2025 - Q2 2025 cloud subscriptions revenue is projected to be between $1010 million and $1030 million, representing a 14%-16% year-over-year growth[39] - Full year 2025 cloud subscriptions revenue is expected to range from $4190 million to $4230 million, a 14%-15% increase[39] - Full year 2025 total revenue is forecasted to be between $6800 million and $6880 million, indicating a 10%-12% growth[39]