Business
ACI Worldwide, Inc. Reports Financial Results for the Quarter Ending March 31, 2025
Q1 2025 HIGHLIGHTS Revenue up 25% versus Q1 2024 Net income of $59 million versus net loss of $8 million in Q1 2024 Adjusted EBITDA up 95% versus Q1 2024
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nQ1 2025 HIGHLIGHTS\n\n\nRevenue up 25% versus Q1 2024\n\n\nNet income of $59 million versus net loss of $8 million in Q1 2024\n\n\nAdjusted EBITDA up 95% versus Q1 2024\n\n\nRepurchased 1 million shares for $52 million YTD\n\n\nRaising guidance range for full-year 2025\n\n\n OMAHA, Neb.--(BUSINESS WIRE)--\nACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, announced financial results today for the quarter ending March 31, 2025.\n\n\"We are happy to report Q1 results that were again ahead of our expectations,\" said Thomas Warsop, president and CEO of ACI Worldwide. “Our newly formed Payment Software segment, which is the combination of our former Bank and Merchant segments, grew revenue 42%. We continue to see strength in our Issuing and Acquiring solutions driven by large financial institutions’ modernization efforts. Our Biller business was also strong with revenue up 11%.”\n\nWarsop continued, “We had a strong start to the year and our financial position continues to improve. This strong start makes us even more confident in our full-year financial expectations. We remain focused on the execution of our strategy, delivering transformative software solutions that power intelligent payment orchestration in real time.”\n\nQ1 2025 FINANCIAL SUMMARY\n\nIn Q1 2025, revenue was $395 million, up 25% from Q1 2024. Recurring revenue of $286 million grew 8% and represented 72% of total revenue in the quarter. Net income of $59 million compares to a net loss of $8 million in Q1 2024 and includes a $22 million after-tax gain on the sale of our minority interest in India-based Mindgate. Adjusted EBITDA in Q1 2025 was $94 million, up 95% from Q1 2024. Cash flow from operating activities in Q1 2025 was $78 million, versus $123 million in Q1 2024.\n\n\nPayment Software segment revenue grew 42% and segment-adjusted EBITDA increased 104% versus Q1 2024.\n\n\nBiller segment revenue grew 11% and segment-adjusted EBITDA increased 1% versus Q1 2024.\n\n\nACI ended Q1 2025 with $230 million in cash on hand and a debt balance of $853 million, which represents a net debt leverage ratio of 1.2x adjusted EBITDA. Year to date, the company has repurchased 1 million shares for approximately $52 million in capital. The company has approximately $320 million remaining available on the share repurchase authorization.\n\nRAISI...