Quarterly ResultApr 30, 2026, 04:24 PM
FIVN Q1 Revenue +9% to $305.3M; New $200M Buyback
AI Summary
Five9, Inc. announced strong financial results for the first quarter of 2026, with revenue growing 9% year-over-year to $305.3 million and a significant increase in GAAP net income. The company also announced an accelerated share repurchase of $90 million to complete its current program and authorized a new $200 million share repurchase program, demonstrating confidence in its financial health and commitment to shareholder returns. Five9 provided a positive business outlook, projecting full-year 2026 revenue between $1.254 billion and $1.266 billion.
Key Highlights
- Five9 authorized a new share repurchase program for up to $200 million of common stock.
- The company announced a $90 million accelerated share repurchase to complete its existing $150 million program.
- Q1 2026 revenue increased 9% year-over-year to $305.3 million.
- Q1 2026 GAAP net income rose significantly to $18.4 million ($0.21 per diluted share) from $0.6 million.
- Q1 2026 non-GAAP net income grew to $58.6 million ($0.76 per diluted share).
- Adjusted EBITDA for Q1 2026 increased to $74.5 million, up from $52.7 million in Q1 2025.
- Full year 2026 revenue is projected to be in the range of $1.254 billion to $1.266 billion.
- LTM subscription dollar-based retention rate was 107% as of March 31, 2026.