MotorK (MTRK) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw continued CARR growth to €36.8M, up 4.2% year-over-year, despite industry headwinds and project postponements.

• Reported revenue increased 8.4% to €10.3M compared to restated Q1 2024, with positive adjusted EBITDA and improved cash EBITDA.

• Operational discipline and focus on high-impact client engagements supported progress toward profitability targets.

Financial highlights

• Committed Annual Recurring Revenue (CARR) reached €36.8M, up 4.2% year-over-year.

• Annual Recurring Revenue (ARR) was €33.4M, a 1.4% increase from Q1 2024.

• Reported revenue was €10.3M, up 8.4% from restated €9.5M in Q1 2024.

• Retail Net Revenue Retention (NRR) stood at 102%.

• Adjusted EBITDA was positive, with notable improvement in cash EBITDA year-over-year.

Outlook and guidance

• Clear path to achieving cash EBITDA positive on a monthly basis by year-end.

• Continued emphasis on operational excellence and long-term customer value amid evolving macroeconomic conditions.