Alarm.com Holdings, Inc. reported a 7% increase in total revenue for the first quarter of 2025, reaching $238.8 million compared to $223.3 million in the same period of 2024. The company's Software-as-a-Service (SaaS) and license revenue rose by 9% to $163.8 million, up from $150.3 million year-over-year. Net income for the quarter also saw an increase, rising to $27.7 million from $23.4 million, while net income attributable to common stockholders was $28.0 million, compared to $23.6 million in the prior year. The earnings per share for the quarter were $0.56 on a basic basis and $0.52 on a diluted basis, reflecting growth from $0.47 and $0.44, respectively, in the previous year.
The company experienced notable changes in its operational metrics, including a decrease in software license revenue, which fell to $4.7 million from $5.2 million, attributed to a transition from non-hosted software to a cloud-based platform. Alarm.com’s customer base continues to expand, with a SaaS and license revenue renewal rate of 95%, up from 94% in the previous year. The company also reported a slight increase in employee headcount, growing from 2,010 employees at the end of 2024 to 2,020 by March 31, 2025.
Strategically, Alarm.com made significant acquisitions, including the purchase of 81% of CHeKT, Inc. for $23.6 million, which is expected to enhance its remote video monitoring capabilities. Additionally, the company entered into a senior secured loan agreement with a service provider partner, providing a term loan of $21.5 million. Alarm.com also repurchased 86,400 shares of its common stock for $5.1 million during the quarter, as part of a broader stock repurchase program authorized by its board of directors.
Despite the positive financial performance, Alarm.com acknowledged the impact of macroeconomic conditions, including inflation and geopolitical tensions, which could affect future operations. The company emphasized the importance of maintaining strong relationships with its service provider partners, as a significant portion of its revenue is derived from this channel. Looking ahead, Alarm.com remains focused on expanding its market presence and enhancing its product offerings, while navigating the challenges posed by the current economic landscape.
About Alarm.com Holdings, Inc.
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