Vitalhub Corp. (VHI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. And thank you for joining us for our 2026 first quarter conference call. With me on the call today are Vitalhub CEO Dan Matlow and CFO Brian Gothenburg. After our prepared remarks, we will open up the line to questions from analysts. Please press star one or use the raise hand function to indicate that you would like to ask a question. Now, before we begin, I will read our cautionary note regarding forward-looking information. Certain information to be discussed during this call contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, please review the forward-looking statements disclosure in the earnings press release and in our CDAR filings. As well, our commentary today will include adjusted financial measures, which are non-IFRS measures. These should be considered as a supplement to and not a substitute for IFRS measures. Reconciliations between the two can be found in our CEDAR filings. With that, I'll hand the call over to Brian to go over the financial highlights for the quarter. Over to you, Brian. Good morning, everyone, and thank you for joining the call today. We are pleased to report results for the first quarter of 2026. We closed the quarter with $99.1 million of ARR with 11% organic growth over the prior year. An adjusted EBITDA margin increased sequentially to 25% from 23.6% in the prior quarter. We are happy to be executing on plan on both fronts. Some of the key financial highlights for the quarter are as follows. We report a total revenue of $31.9 million, an increase of 47% year-over-year. Recurring revenue or term license rates and support segment was $23.9 million, or 75% of to...