Slide 1: First Quarter 2026 Preliminary and Unaudited Results
First Quarter 2026 Preliminary and Unaudited Results May 7, 2026
Slide 2: Forward-Looking Statements and Risk Factors
Forward-Looking Statements and Risk Factors Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Industry, Market and Other Data Litigation Reform Act of 1995, particularly those regarding our 2025 Financial Guidance. Such forward-look
Slide 3: Business Overview
Business Overview = Consensus
Slide 4: Operations and GTM Update
Operations and GTM Update Corporate Growth Enterprise Quality ● Record $58.7M revenue delivered this quarter ● Barbell Strategy drives up-market momentum ● YoY growth accelerated to 8.2% (up from 7.3% last quarter) ● "High-grading" portfolio to secure larger, sticky accounts ● Net Revenue Retention
Slide 5: First Quarter 2026 Results
First Quarter 2026 Results = Consensus
Slide 6: Corporate Revenue Growth Accelerates
Corporate Revenue Growth Accelerates Corporate Revenue ($ in M) 8.2% $58.7 Quarter Ended Q1’25 Q1’26 YoY YoY Growth $54.3 Customers 60 65 6.9% ARPA(1) $305 $306 0.4% Paid Adds 5 7 35.3% (000’s) Net Revenue 101.0% 102.0% +100 bps Retention ~60% Q1'25 Q1'26 Corporate Revenue on Track to Double-Digit G
Slide 7: SoHo Update
SoHo Update Resilient Revenue Strategic Cash Engine Performance SoHo Channel continues to be managed Q1 2026 SoHo Revenues $29.7M, -9.5% as a "Strategic Cash Engine" funding YoY and ahead of expectations our high growth corporate business Improved vs. Q4 2025 -11.1% *See metrics in appendix ©2026 Co
Slide 8: Q1'26 Results
Q1’26 Results (in $M, except Adjusted EPS) Revenue Adjusted EBITDA Adjusted EPS (1) Free Cash Flow 1.5% $88.5 1.4% 10.9% $1.52 14.0% $87.1 $47.3 $47.9 $38.5 $1.37 $33.7 54.2% 54.1% Margin Margin Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 ● Consolidated YoY revenue growth +1.5% on accelerating C
Slide 9: Capital Management
Capital Management Free Cash Flow Debt and Equity Repurchases ● Q1 2026: 600K shares repurchased for $17M ● Q1 2026: $38.5M, +$4.7M or 14% YoY ● Q1 2026 ROI: ~20% (LTM FCF) ● FY 2026 on target to maintain 2025 FCF level ● Program to date repurchases: 2.7M shares / $72M ● Capex: $7.4M ● $28M remainin
Slide 10: 2026 Financial Guidance
2026 Financial Guidance = Consensus
Slide 11: FY2026 Guidance Reaffirmed / Q2 2026 Financial Guidance Provided
FY2026 Guidance Reaffirmed / Q2 2026 Financial Guidance Provided (in millions, except EPS) 2026 Full Year Guidance (in millions, except EPS) Q2 2026 Guidance Guidance Low Midpoint High Guidance Low Midpoint High Revenue $350.0 . . $357.0 $364.0 Revenue $87.9 $89.9 $91.9 Adjusted EBITDA $182.0 $187.5
Slide 12: Appendix
Appendix = Consensus
Slide 13: Consolidated Metrics
Consolidated Metrics 2025 2026 Consensus Metrics Q1 Q2 Q3 Q4 Q1 Revenue by Type |------(in '000s)------| Fixed Revenues 59,094 58,620 58,193 57,661 57,487 Variable Revenues 28,044 29,101 29,573 29,409 30,980 Total Revenues 87,138 87,721 87,766 87,071 88,467 Consensus Cloud Services Customers (1) 762
Slide 14: Corporate Metrics
Corporate Metrics 2025 2026 Corporate Metrics Q1 Q2 Q3 Q4 Q1 Revenue by Type |-----(in '000s)-----| Fixed Revenues 29,029 29,197 29,383 29,882 30,146 Variable Revenues 25,262 26,103 26,916 26,910 28,576 Total Corporate Revenues 54,290 55,301 56,299 56,792 58,721 Consensus Cloud Services Customers (1
Slide 15: SoHo Metrics
SoHo Metrics 2025 2026 SOHO Metrics Q1 Q2 Q3 Q4 Q1 Revenue by Type |-----(in '000s)-----| Fixed Revenues 30,066 29,422 28,810 27,779 27,341 Variable Revenues 2,783 2,998 2,657 2,499 2,404 Total SoHo Revenues 32,848 32,420 31,467 30,279 29,745 Consensus Cloud Services Customers (1) 702 682 661 638 64
Slide 16: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation *The prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on Adjusted EBITDA. Adjusted EBITDA as calculated above represents earnings before interest expense, interest income,