Definitive Healthcare reported Q1 2025 financial results with revenue exceeding guidance, despite a 7% decrease year-over-year. The company posted a significant net loss due to goodwill impairment charges but achieved positive unlevered free cash flow.
Revenue for Q1 2025 was $59.2 million, a 7% decrease compared to Q1 2024.
Net loss for Q1 2025 was $(155.1) million, including $176.5 million in goodwill impairment charges.
Adjusted EBITDA was $14.7 million, representing a 25% margin.
Unlevered Free Cash Flow was $22.9 million in the quarter.
For Q2 2025, revenue is expected between $58.5 million and $60.0 million, Adjusted Operating Income between $12.0 million and $13.0 million, Adjusted EBITDA between $15.0 million and $16.0 million (25-27% margin), and Adjusted Net Income Per Diluted Share between $0.04 and $0.05. For the full year 2025, revenue is expected between $234.0 million and $240.0 million, Adjusted Operating Income between $49.0 million and $53.0 million, Adjusted EBITDA between $61.0 million and $65.0 million (26-28% margin), and Adjusted Net Income Per Diluted Share between $0.20 and $0.23.
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