Olo Inc. reported a strong second quarter in 2025, with total revenue increasing by 22% year-over-year to $85.7 million, exceeding guidance. The company also announced a definitive agreement to be acquired by Thoma Bravo for approximately $2.0 billion in equity value.
Total revenue increased 22% year-over-year to $85.7 million, surpassing the high-end of guidance.
Non-GAAP operating income reached $13.1 million, also exceeding the high-end of guidance.
Olo entered into a definitive agreement to be acquired by Thoma Bravo for $10.25 per share in cash, valuing the company at approximately $2.0 billion.
Key performance indicators showed positive trends, with ARPU up 12% and active locations increasing to 89,000.
Due to the pending acquisition by Thoma Bravo, Olo has withdrawn its prior financial guidance for fiscal year 2025 and suspended its practice of providing financial guidance.
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