Urgently | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 32.94 M

Revenue: As of FY2025 Q3, the actual value is USD 32.94 M, beating the estimate of USD 32.3 M.

EPS: As of FY2025 Q3, the actual value is USD -3.63, missing the estimate of USD -2.395.

EBIT: As of FY2025 Q3, the actual value is USD 1.679 M.

Full-service outsourcing—flat rate: Revenue for the three months ended September 30, 2025 was $32.8 million, compared to $34.7 million for the same period in 2024. For the nine months ended September 30, 2025, revenue was $95.5 million, compared to $105.5 million in 2024.
Full-service outsourcing—claim cost pass-through: Revenue for the three months ended September 30, 2025 was $2 thousand, compared to $4 thousand for the same period in 2024. For the nine months ended September 30, 2025, revenue was $8 thousand, compared to $10 thousand in 2024.
Membership: Revenue for the three months ended September 30, 2025 was $82 thousand, compared to $93 thousand for the same period in 2024. For the nine months ended September 30, 2025, revenue was $282 thousand, compared to $342 thousand in 2024.
Software licensing arrangements: Revenue for the three months ended September 30, 2025 was $42 thousand, compared to $1.4 million for the same period in 2024. For the nine months ended September 30, 2025, revenue was $118 thousand, compared to $4.6 million in 2024.
Professional services: Revenue for the three months ended September 30, 2025 was $0, compared to $47 thousand for the same period in 2024. For the nine months ended September 30, 2025, revenue was $8 thousand, compared to $358 thousand in 2024.

Net Loss: For the three months ended September 30, 2025, net loss was - $5.2 million, compared to - $10.6 million for the same period in 2024. For the nine months ended September 30, 2025, net loss was - $16.3 million, compared to - $35.3 million in 2024.
Gross Margin: Gross margin for the three months ended September 30, 2025 was 25%, compared to 21% for the same period in 2024. For the nine months ended September 30, 2025, gross margin was 25%, compared to 22% in 2024.
Operating Loss: For the three months ended September 30, 2025, operating loss was - $1.8 million, compared to - $5.9 million for the same period in 2024. For the nine months ended September 30, 2025, operating loss was - $6.4 million, compared to - $22.6 million in 2024.

Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was - $5.6 million, compared to - $28.8 million for the same period in 2024.
Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $4.0 million, compared to net cash provided by investing activities of $26.0 million in 2024.
Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $0.6 million, compared to - $18.1 million in 2024.

Core Business Focus: The company plans to continue investing in proprietary technology, machine learning, and data analytics models to streamline operations and improve consumer experience. It expects to invest approximately $1.0 to $1.5 million during the last quarter of 2025.
Non-Core Business: The company is focused on reducing operating expenses and aligning fluctuations with targeted investments in growth. It is also evaluating strategic opportunities to acquire or invest in businesses, offerings, technologies, or talent that could complement or expand its platform.