🔹 Revenue: $194.9M (Est. $187.56M) 🟢; UP +1% YoY
🔹 EPS (Adj.): $0.35 (Est. $0.27) 🟢
Q3'25 Outlook:
🔹 Revenue: $190M–$195M (Est. $187.5M) 🟢
🔹 Adj. EBITDA: $47M–$51M
🔹 EPS (Adj.): $0.26–$0.28
FY25 Outlook (Raised):
🔹 Revenue: $765M–$775M (Est. $755.3M) 🟢
🔹 Adj. EBITDA: $206M–$214M
🔹 EPS (Adj.): $1.14–$1.18
Other Q2 Metrics:
🔹 Net Income: $32.7M; UP +47% YoY
🔹 Adjusted EBITDA: $57.1M; UP +40% YoY
🔹 Adj. EBITDA Margin: 29.3% (Record; UP +813 bps YoY)
🔹 Free Cash Flow: $65.6M; UP +85% YoY
🔹 Cash from Ops: $72.5M; UP +85% YoY
Strategic & Operational Highlights:
🔸 Acquired Bubty; agreed to acquire Ascen to offer full-stack contingent workforce solutions for enterprises
🔸 GSV from AI-related work +30% YoY; Prompt Engineering subcategory +51% YoY
🔸 Uma™ AI agent adoption +24% QoQ; boosts proposal and search efficiency
🔸 Ads & monetization revenue +17% YoY
🔸 Business Plus GSV +190% QoQ; active clients +45% QoQ
🔸 AI now contributes to >35% of deployed code; internal model iteration time cut by 70%
CEO Commentary (Hayden Brown):
🔸 “We significantly outperformed on all key metrics. Our platform and AI investments are delivering strong value across all customer segments.”
🔸 “With Bubty and Ascen, we’re positioned to lead in the $650B enterprise TAM.”
