FIRST QUARTER 2025 SUMMARY RESULTS | | | Three Months Ended March 31, | | | | | --- | --- | --- | --- | --- | --- | | (in thousands) | 2025 | | 2024 | | Change % | | Revenue: | | | | | | | Software product, net | $| 3,517 |$ | 3,480 | 1.1 % | | Service and other, net | | 9,991 | | 10,956 | (8.8)% | | Total revenue, net | $| 13,508 |$ | 14,436 | (6.4)% | | Net income | $| 8,755 |$ | 138 | NM | | Adjusted EBITDA¹ | $| (8,915)$ | | 504 | NM | | NM - Not Meaningful | | | | | | Exhibit 99.1 QXO Reports F ...