Dec. 10 at 9:37 PM
$XZO
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Revenue increased 90% year-over-year to
$55.2 million, surpassing the FactSet estimate of
$53.2 million.
Diluted Earnings Per Share (EPS) was
$0.25, compared to
$0.06 per diluted share in the prior year period.
Net Income increased significantly to
$21.2 million, up from
$5.3 million in the third quarter of 2024.
Adjusted EBITDA increased to
$28.7 million, with the adjusted EBITDA margin expanding to 54.9%.
Operational Metrics
The company attributed the strong performance to the continued adoption and scalability of its "Insurance-as-a-Service" platform.
Managed Premium increased by 142.1% year-over-year to
$1.2 billion.
Annual Recurring Revenue (ARR) reached
$192.4 million as of September 30, 2025, a substantial increase from
$117.6 million a year prior.
New Customers: A fifth insurance company joined the platform in Q3 2025, with a sixth expected in Q4.
