- NameSilo Technologies Corp. (URLOF, Financial) reported record Q1 2025 revenues of $15.87 million CAD, marking a 24% year-over-year increase.
- Operating income surged by 72.4% to $1.95 million CAD; net income rose by 33.6% to $1.62 million CAD.
- The company achieved its highest-ever gross margin of 26.0%, with total bookings growing by 24.9% to $17.47 million CAD.
NameSilo Technologies Corp. (URLOF) has announced robust financial results for the first quarter of 2025, achieving its 10th consecutive quarter and 7th year of revenue growth. The company reported record quarterly revenues of $15.87 million CAD, reflecting a 24% increase compared to Q1 2024. This growth was driven by an increase in domains under management, marketplace revenues, and the sale of ancillary services.
The company's operating income rose dramatically by 72.4% to $1.95 million CAD from $1.13 million CAD in the same quarter last year. Net income also showed significant improvement, increasing by 33.6% to $1.62 million CAD. NameSilo achieved its highest-ever gross margin at 26.0%, with gross profit reaching $4.13 million CAD, up from 20.8% in Q1 2024.
Total bookings for the quarter increased by 24.9% to $17.47 million CAD, and the company's deferred revenues stood at $33.07 million CAD. NameSilo maintains a strong financial position with $3.80 million CAD in cash and $4.61 million CAD in investments and convertible loans.
Looking ahead, NameSilo plans to launch bundled service campaigns in June 2025, alongside the implementation of AI-assisted coding for faster product development, and a new premium support framework for large customers. These initiatives are designed to increase core revenues, enhance customer retention, and improve their overall value proposition.
