Olo reported a strong start to fiscal year 2025 with total revenue increasing 21% year-over-year to $80.7 million and non-GAAP operating income reaching $11.5 million, exceeding the high end of their guidance. The company saw an increase of approximately 2,000 active locations and a 12% increase in ARPU.
Total revenue for Q1 2025 was $80.7 million, a 21% increase year-over-year.
Non-GAAP operating income was $11.5 million, exceeding the guidance range.
Net income was $1.8 million, or $0.01 per share.
Ending active locations increased by approximately 2,000 quarter-over-quarter to 88,000.
For the second quarter of 2025, Olo expects revenue between $82.0 million and $82.5 million and non-GAAP operating income between $11.5 million and $11.8 million. For the full fiscal year 2025, revenue is expected between $338.5 million and $340.0 million and non-GAAP operating income between $48.6 million and $49.8 million.
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