Arlo Reports First Quarter 2025 Results

About this update from Arlo Technologies, Inc.

[{"type":"text","content":"Record subscriptions and services revenue of $68.8 million, growing 21.4% year over year","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Annual recurring revenue (ARR) ended at $276.4 million, growing 21.8% year over year (1)","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Record GAAP subscriptions and services gross margin of 82.2%; record non-GAAP subscriptions and services gross margin of 83.1%","length":126,"tagName":"p","attribs":{}},{"type":"text","content":"GAAP net loss per share of $(0.01) and record non-GAAP net income per share (EPS) of $0.15","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"Record Free cash flow (FCF) of $28.1 million with FCF margin of 23.6%(2)","length":72,"tagName":"p","attribs":{}},{"type":"text","content":"CARLSBAD, Calif., May 08, 2025--(BUSINESS WIRE)--Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security platform company, today reported financial results for the first quarter ended March 30, 2025.","length":211,"tagName":"p"},{"type":"text","content":""Leveraging the operational momentum generated in 2024, Arlo again delivered outstanding results this quarter, highlighted by free cash flow margin of 23.6% and record level of non-GAAP EPS. The foundation of our financial results is the strong and consistent growth of our subscriptions business, which generated ARR of $276.4 million, up 21.8% from last year. Our subscriptions and services revenue grew more than 20% and drove a record non-GAAP subscriptions and services gross margin of 83.1%, which represents a phenomenal increase of 640 basis points year over year," said Matthew McRae, Chief Executive Officer of Arlo Technologies. "Our strong profitability enables us to execute on our capital allocation plan, buying back $15 million of our common stock while making a strategic investment in a key partner and still adding to our cash balance. And we are set up well for a successful second half with a rollout of an entirely updated product line this year, coupled with our award-winning, AI-powered SaaS platform which will expand our competitive differentiation as we progress towards our new long-range targets."","length":1147,"tagName":"p"},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text...

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