Dafinchi AI

GOGO

Technology

1w

Financial Performance Summary

Adjusted EBITDA was $61.7 million with a margin of 27.3%, exceeding initial long-term expectations.
Equipment revenue rose 59% year-over-year to $32.1 million, driven by record AVANCE equipment shipments.
Free cash flow was $34 million for the quarter, totaling $64 million for the first half of 2025.
Gogo's Q2 2025 total revenue was $226 million, up 1% year-over-year and down 2% sequentially.
Net income for the quarter was $12.8 million with diluted EPS of $0.09.
Total ATG aircraft online declined 4% year-over-year and 2.5% sequentially, but AVANCE AOL grew nearly 14% year-over-year.
Total service revenue increased 137% year-over-year to $194 million but declined 2% sequentially.

ADTRAN Holdings, Inc.

ADTN

Technology

1w

Financial Performance Summary

ADTRAN reported Q2 2025 revenue of $265.1 million, up 17% year-over-year and 7% sequentially, exceeding the high end of guidance.
All three revenue categories—Optical Networking Solutions, Access and Aggregation, and Subscriber Solutions—showed sequential and year-over-year growth.
Days sales outstanding improved to 57 days from 60 days, and days inventory outstanding decreased by 17 days to 135 days.
Net working capital improved by $21.7 million sequentially to $226.6 million, driven by inventory reduction and stronger collections.
Non-GAAP gross margin was 41.4%, slightly down quarter-over-quarter due to product mix and higher transportation costs, with a long-term target of 42-43%.
Non-GAAP net loss was $256,000 or $0.00 per share, compared to net income of $0.03 per share in Q1 2025 and a net loss of $0.13 per share in Q2 2024.
Non-GAAP operating profit was $8 million or 3% of revenue, above the midpoint of guidance, compared to $9.8 million (3.9%) in Q1 2025 and $1.4 million (0.6%) in Q2 2024.
Operating cash flow was $32.2 million and free cash flow was $18.3 million, with cash and equivalents increasing to $106.3 million.
Operating expenses increased due to currency fluctuations and higher sales commissions.
Optical Networking Solutions revenue grew 22% year-over-year to $90.1 million, Access and Aggregation grew 30% year-over-year to $91.2 million, and Subscriber Solutions increased 2% year-over-year to $83.8 million.

Paylocity Holding Corporation

PCTY

Technology

1w

Financial Performance Summary

Adjusted EBITDA for Q4 was $130.7 million with a 32.6% margin, exceeding guidance by $8 million.
Fiscal 2025 adjusted EBITDA was $583 million with a 36.5% margin, a 15% increase from fiscal 2024.
For fiscal 2025, recurring revenue grew 15% and total revenue increased 14% to $1.6 billion.
Free cash flow margin for fiscal 2025 was 21.5%, up 12% in dollar terms despite headwinds from tax status and Airbase acquisition.
GAAP net income for fiscal 2025 was $227.1 million with operating income of $304 million.
Paylocity reported Q4 recurring revenue of $369.9 million, up 14% year-over-year, and total revenue growth of 12%.

Paycom Software, Inc.

PAYC

Technology

1w

Financial Performance Summary

Adjusted EBITDA rose 24% to $198 million with a margin of 41%, up 450 basis points year-over-year.
Cash and cash equivalents ended at $532 million with no debt; average daily funds held for clients increased 10% to $2.6 billion.
GAAP net income was $89 million or $1.58 per diluted share; non-GAAP net income increased 27% to $117 million or $2.06 per diluted share.
Paid $22 million in cash dividends and repurchased $33 million of common stock during the quarter.
Recurring and other revenue grew 12% year-over-year to $455 million.
Total revenue for Q2 2025 was $484 million, an 11% increase year-over-year.

Dynatrace, Inc.

DT

Technology

1w

Financial Performance Summary

Annual recurring revenue (ARR) reached $1.82 billion, growing 16% year-over-year.
Dynatrace reported strong Q1 fiscal 2026 results with total revenue of $477 million, up 19% year-over-year, exceeding the high end of guidance by approximately 200 basis points.
Free cash flow for Q1 was $262 million, with trailing 12-month free cash flow at $465 million or 26% of revenue, and pretax free cash flow at 33% of revenue.
Net new ARR was $51 million, up 13% year-over-year, with expansion activity particularly strong in North America and the GSI channel.
Non-GAAP operating margin was 30%, exceeding guidance by 150 basis points, and non-GAAP net income was $126 million or $0.42 per diluted share, $0.04 above guidance.
Subscription revenue also grew 19% to $458 million, driven by incremental on-demand consumption (ODC) revenue.
The company repurchased 905,000 shares for $45 million in Q1, with a total of 4.4 million shares repurchased for $218 million since May 2024.

ONTF

Technology

1w

Financial Performance Summary

Cash provided by operations was $2.6 million, up from $1.4 million in Q2 2024.
G&A expenses decreased to $6.1 million or 17% of revenue.
Gross margin remained steady at 77%, consistent with prior periods.
In-period gross retention was the highest in 4 years, supported by deeper customer engagement.
Net income was $0.9 million or $0.02 per share, down from $1.5 million or $0.03 per share in Q2 2024.
Operating loss was $0.9 million (negative 3% margin), compared to $0.3 million loss in Q2 2024.
Positive adjusted EBITDA was achieved in Q2, along with positive free cash flow for the sixth consecutive quarter.
R&D expenses were $6.9 million or 19% of revenue, reflecting continued investment in product innovation.
Sales and marketing expenses decreased to $15.1 million, representing 43% of revenue.
Share repurchases totaled $4.3 million in Q2 under the $50 million capital return program.
Total ARR ended at $127.1 million, with core platform ARR at $125.1 million.
Total revenue for Q2 2025 was $35.3 million, exceeding expectations.

TOST

Technology

1w

Financial Performance Summary

Adjusted EBITDA reached $161 million with a margin expansion of 8 percentage points year-over-year to 35%.
ARR grew 31% year-over-year, with SaaS ARR up 30% and payments ARR up 32%.
GAAP operating income was $80 million, up significantly from $14 million a year ago.
GPV was $50 billion, growing 23% year-over-year, with GPV per location down 1%.
Nonpayment fintech solutions, led by Toast Capital, contributed $40 million in gross profit, with stable defaults and healthy demand.
Q2 2025 results exceeded expectations with 8,500 net new locations added and recurring gross profit growing 35%.
Subscription revenue increased 37% and gross profit grew 43%, benefiting from improved ARR to revenue conversion.

STEM

Technology

1w

Financial Performance Summary

Cash operating expenses were reduced by nearly 40% year-over-year to $18 million, excluding $6 million in one-time reduction in force expenses.
GAAP gross margin was 33%, and non-GAAP gross margin reached a record 49%.
Operating cash flow was negative $21 million due to working capital outflows and one-time payments.
Positive adjusted EBITDA of $4 million was achieved, a $15 million year-over-year improvement.
Solar software revenue grew 20% year-over-year; storage software and managed services revenue grew 53% year-over-year.
Total ARR grew 3% sequentially and 22% year-over-year to $59 million.
Total revenue for Q2 2025 was $38.4 million, up 13% year-over-year.