Olo (OLO) investor relations material

Executive summary

• Entered into a definitive agreement to be acquired by Thoma Bravo for $10.25 per share in an all-cash transaction valued at $2 billion, a 65% premium to pre-announcement share price, expected to close by year-end 2025 pending approvals.

• Platform processed over 2.5 million orders per day and served more than 750 restaurant brands with 89,000 active locations as of June 30, 2025.

• Gross merchandise volume reached $29 billion and gross payment volume $2.8 billion for the year ended December 31, 2024.

• Dollar-based net revenue retention was 114% for the quarter ended June 30, 2025.

• Withdrew all financial guidance and will not host an earnings call due to the pending acquisition.

Financial highlights

• Total revenue for Q2 2025 was $85.7 million, up 22% year-over-year; platform revenue grew 21% to $84.1 million.

• Net income for Q2 2025 was $1.6 million ($0.01/share), down from $5.7 million ($0.03/share) in Q2 2024; non-GAAP net income was $13.1 million ($0.07/share), up from $9.2 million ($0.05/share).

• Gross profit increased 10% to $43.9 million (51% margin); non-GAAP gross profit was $48.8 million (57% margin).

• Free cash flow for the quarter was $24.0 million, up from $14.2 million a year ago.

• Cash, cash equivalents, and investments totaled $428.5 million as of June 30, 2025.

Outlook and guidance

• Transaction with Thoma Bravo expected to close by end of 2025, subject to customary closing conditions and regulatory approvals.

• All prior financial guidance for fiscal year 2025 withdrawn and future guidance suspended due to the pending acquisition.

• Management expects continued growth in average revenue per unit and net revenue retention, driven by multi-module adoption and digital ordering trends.