Coveo's revenue and expenses trends in Q3 2025 are as follows1:
- Revenue Growth: Coveo reported a total revenue of $34.0 million for Q3 2025, representing a 7% increase from the same quarter of the previous year.
- SaaS Subscription Revenue was $32.3 million, an 8% increase from the previous year's $29.9 million.
- Coveo core platform contributed $31.1 million, marking a 12% increase from $27.8 million in the same quarter of the previous year.
- Qubit platform revenue decreased by 44% to $1.2 million compared to $2.1 million in Q3 2024.
- Gross Margin Improvement: The company maintained a gross margin of 78%, which is a slight increase from the 77% reported in the same quarter of the previous year.
- Product gross margin improved to 82% from 81% in the previous year.
- Net Income: The financial results for Q3 2025 include a net income, although the exact amount is not provided. The company reported a record quarter in bookings, accelerating revenue growth, and continued momentum in Generative AI, which contributed to the positive financial performance.
Overall, Coveo demonstrated strong revenue growth and improved gross margins in Q3 2025, reflecting effective business strategies and operational efficiency.
4/14/2025 10:36am
Aime finds your next big stock