Quarterly ResultMay 7, 2026, 04:29 PM
Alarm.com Q1 SaaS Revenue +10.8% to $181.5M; Raises FY26 Guidance
AI Summary
Alarm.com reported its first quarter 2026 financial results, with SaaS and license revenue increasing 10.8% to $181.5 million and total revenue up 11.0% to $265.2 million. While GAAP net income decreased to $23.4 million, non-GAAP adjusted EBITDA rose to $49.6 million. The company also increased its full-year 2026 SaaS and license revenue guidance and highlighted new AI capabilities and enhanced user experience features.
Key Highlights
- SaaS and license revenue increased 10.8% to $181.5 million.
- Total revenue grew 11.0% to $265.2 million.
- GAAP net income was $23.4 million, down from $27.7 million in Q1 2025.
- Non-GAAP adjusted EBITDA rose to $49.6 million from $45.8 million.
- Cash and cash equivalents were $497.4 million after repaying $500.0 million in notes.
- Full-year 2026 SaaS and license revenue guidance increased by $6.0 million at midpoint.
- OpenEye introduced AI Visual Check for automated business operations monitoring.
- Launched Location Insights for real-time household member visibility during alarms.