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Dec 31, 2024
Alarm.com Q4 2024 Earnings Report
Alarm.com reported steady Q4 2024 results with revenue and SaaS growth, though net income saw a slight decline.
Key Takeaways
Alarm.com reported a 7.1% increase in total revenue for Q4 2024, reaching $242.2 million, driven by an 11.7% rise in SaaS and license revenue. However, GAAP net income declined slightly to $30.1 million. Adjusted EBITDA remained stable at $46.4 million. The company continues to expand its AI-driven analytics and remote video monitoring solutions.
Total revenue grew 7.1% year-over-year to $242.2 million.
SaaS and license revenue increased 11.7% to $165.7 million.
GAAP net income declined to $30.1 million from $31.2 million in Q4 2023.
Non-GAAP EPS was $0.58, compared to $0.62 in Q4 2023.
Revenue by Segment
Forward Guidance
Alarm.com expects steady revenue growth in 2025, particularly in SaaS and license segments, while macroeconomic conditions could impact hardware sales.
Positive Outlook
- Q1 2025 SaaS and license revenue expected between $160.2M and $160.4M.
- FY 2025 SaaS and license revenue projected between $671.2M and $671.8M.
- FY 2025 total revenue expected to range from $978.2M to $980.8M.
- Continued expansion in remote video monitoring solutions with CHeKT acquisition.
- Strong demand for AI-driven analytics in commercial security.
Challenges Ahead
- GAAP net income could be affected by rising operating expenses.
- Hardware revenue growth expected to remain flat.
- Macroeconomic uncertainty may impact customer spending on security solutions.
- Foreign exchange fluctuations could affect international revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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