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Mar 31

Five9 Q1 2025 Earnings Report

reported results for the first quarter ended March 31, 2025

Key Takeaways

Five9 reported strong Q1 2025 results with record revenue of $279.7 million, a 13% increase year-over-year. Subscription revenue grew 14%, and the company achieved a record operating cash flow of $48 million and an adjusted EBITDA margin of 19%.

Record revenue of $279.7 million, up 13% year-over-year.

Subscription revenue increased by 14% compared to the first quarter of 2024.

Achieved a record operating cash flow of $48.4 million.

Adjusted EBITDA margin reached 18.8%.

Total Revenue
$280M
Previous year: $247M
+13.2%
EPS
$0.62
Previous year: $0.48
+29.2%
Subscription Revenue Growth
14%
GAAP Gross Margin
55%
Previous year: 53.6%
+2.6%
Adjusted Gross Margin
62.4%
Previous year: 60.8%
+2.6%
Gross Profit
$154M
Previous year: $132M
+16.0%
Cash and Equivalents
$370M
Previous year: $240M
+54.2%
Total Assets
$2.09B
Previous year: $1.87B
+11.7%

Five9

Five9

Forward Guidance

Five9 provides guidance for the full year 2025 and the second quarter of 2025, subject to market conditions and macroeconomic challenges.

Positive Outlook

  • Full year 2025 revenue expected in the range of $1.140 to $1.144 billion.
  • Full year 2025 non-GAAP net income per share expected in the range of $2.74 to $2.78.
  • Second quarter 2025 non-GAAP net income per share expected in the range of $0.64 to $0.66.

Challenges Ahead

  • Full year 2025 GAAP net income per share expected in the range of $0.14 to $0.24.
  • Second quarter 2025 revenue expected in the range of $274.5 to $275.5 million.
  • Second quarter 2025 GAAP net loss per share expected in the range of $(0.15) to $(0.06).
  • Guidance is subject to various important cautionary factors.
  • Risks and uncertainties associated with the ongoing impact of macroeconomic challenges.