AcquisitionsMay 13, 2026, 04:27 PM
Marchex Updates Archenia Acquisition; Q1 Revenue $10.6M, Net Loss $(0.04) EPS
AI Summary
Marchex announced its first quarter 2026 financial results, reporting GAAP revenue of $10.6 million and a net loss of $1.7 million, or $(0.04) per diluted share. The company also provided an update on its proposed acquisition of Archenia, stating it entered a Stock Purchase Agreement on May 8, 2026, with an expected closing in July 2026, pending stockholder approval. Marchex anticipates sequential revenue increases and improved Adjusted EBITDA for Q2 and Q3 2026, with the combined company potentially reaching $60 million annualized revenue and 15-20% growth in 2026.
Key Highlights
- Q1 2026 GAAP revenue was $10.6 million, down from $11.4 million in Q1 2025.
- Q1 2026 net loss was $1.7 million, or $(0.04) per diluted share, an improvement from $(0.05) in Q1 2025.
- Q1 2026 Adjusted EBITDA was a loss of $0.1 million, an improvement from a loss of $0.8 million in Q1 2025.
- Marchex entered a Stock Purchase Agreement to acquire Archenia on May 8, 2026, expected to close in July 2026.
- Q2 2026 revenue is anticipated to sequentially increase, with Adjusted EBITDA guidance of $1.6 million to $1.8 million.
- Combined company Q3 2026 Adjusted EBITDA potentially $2.5 million or more, an annualized run rate of $10 million+.
- Combined company revenue run rates are approximately $15 million quarterly, or $60 million annualized, with 15-20% growth in 2026.
- Marchex anticipates 2026 revenue growth in the 10% range from 2025 year-end levels.