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Mar 31
Kornit Q1 2025 Earnings Report
Kornit reported Q1 2025 results with revenue growth, a narrower GAAP net loss, and a return to non-GAAP profitability.
Key Takeaways
Kornit Digital delivered Q1 2025 results showing year-over-year revenue growth and improved margins. While the company posted a GAAP net loss, it achieved a non-GAAP net income and continued to generate positive cash flow from operations.
Revenue reached $46.5 million, up from $43.8 million last year.
GAAP net loss narrowed to $5.1 million from $13.2 million.
Non-GAAP net income was $0.6 million, a turnaround from a $5.3 million loss in Q1 2024.
AIC annual recurring revenue hit $14.5 million, reflecting strong adoption of the new model.
Kornit
Kornit
Kornit Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Kornit expects Q2 2025 revenue between $49M and $55M, with adjusted EBITDA margin ranging from -4% to +4%.
Positive Outlook
- Revenue guidance exceeds Q1 actuals.
- Adjusted EBITDA margin may turn positive.
- Momentum in Apollo and AIC adoption.
- Operational cash generation continues.
- Gross margin improvement trend ongoing.
Challenges Ahead
- Continued macroeconomic uncertainty.
- Adjusted EBITDA margin still may remain negative.
- Year-over-year service revenue decline.
- Persistent operating losses on GAAP basis.
- Inventory and receivables management still in focus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income