Alarm.com Holdings Inc

Latest Results (20.05.2026):

Alarm.com Holdings Inc reported results for the first quarter of 2026 (quarter ended March 31, 2026). SaaS and license revenue and total revenue both increased year-over-year, non-GAAP profitability and free cash flow improved, GAAP net income declined versus Q1 2025, and the company raised full‑year 2026 SaaS guidance while providing Q2 and full‑year outlooks.

Revenue growth

SaaS and license revenue rose 10.8% year-over-year to $181.5 million (Q1 2026 vs. $163.8 million in Q1 2025). Total revenue increased 11.0% to $265.2 million (from $238.8 million).

GAAP vs. non‑GAAP profitability

GAAP net income for Q1 2026 was $23.4 million (net income attributable to common stockholders $23.6 million), or $0.47 per diluted share, down from $27.7 million ($0.52 diluted) in Q1 2025. Non‑GAAP adjusted EBITDA improved to $49.6 million (from $45.8 million), and non‑GAAP adjusted net income attributable to common stockholders was $34.7 million, or $0.65 per diluted share (up from $32.2 million, $0.57 diluted).

Cash, balance sheet and cash flow

Cash and cash equivalents were $497.4 million at March 31, 2026 (down from $960.6 million at Dec 31, 2025) primarily due to the January 14, 2026 full repayment of $500.0 million aggregate principal of 0% convertible senior notes. Cash flows from operating activities were $50.6 million for the quarter, and non‑GAAP free cash flow was $49.7 million (versus $24.1 million and $17.9 million, respectively, in Q1 2025).

Guidance (Q2 and full year 2026)

For Q2 2026, SaaS and license revenue is expected to be $185.5M–$185.7M. Full‑year 2026 guidance was raised: SaaS and license revenue $749.5M–$750.5M (up $6.0M from the prior midpoint), total revenue $1.0595B–$1.0705B (including hardware/other $310M–$320M), non‑GAAP adjusted EBITDA $215.0M–$216.0M, and non‑GAAP adjusted net income attributable to common stockholders $151.5M–$152.0M (estimated $2.81–$2.82 per diluted share, based on ~56.9M diluted shares).

Product and operational highlights

Recent product initiatives include OpenEye’s AI Visual Check for enterprise video analytics, Automation Suggestions and a HomeLink integration to simplify end‑user automation, and Location Insights to aid emergency response by showing presence only during alarm events.

Non‑GAAP presentation change

The company revised its non‑GAAP definitions to exclude gains and losses on investments with readily determinable fair value; prior‑period non‑GAAP figures were conformed for comparability and the change is reflected in the reported non‑GAAP metrics.