Intellinetics Q2 software revenue up 12.6% YoY, total revenue down 13.6% YoY.

• SaaS revenue up 12.6% YoY in Q2 2025 • IntelliCloud Payables Automation commercialization underway • Professional services revenue down 29% YoY • Total revenue decreased 13.6% YoY • Gross profit down 9.2% YoY • New orders boost backlog • Digital transformation solutions provider Intellinetics reports Q2 results

COLUMBUS, Ohio—Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced its financial results for the second quarter of 2025 and the six months ended June 30, 2025. The company reported a 13.6% decrease in total revenue compared to the same period in 2024, driven by a 29.0% decline in professional services revenue, which more than offset a 12.6% increase in SaaS revenue [1].

Software as a Service (SaaS) revenue grew 12.6% year-over-year (YoY) to $1,577,104, while professional services revenue decreased 29.0% to $1,899,619. Intellinetics' flagship solution, IntelliCloud Payables Automation, continued its commercialization process, which the company believes will be a primary driver of its SaaS growth moving forward [1].

Despite the decline in professional services revenue, Intellinetics reported a positive operating cash flow and was able to prepay all of its outstanding debt in June, improving future cash flows and flexibility. The company ended the quarter with approximately $2.1 million in cash [1].

James F. DeSocio, President & CEO of Intellinetics, stated, "Our company suffered from a temporary reduction in our professional services revenue in our document conversion segment, which was deeper and longer than we anticipated. This was caused by the timing of our June 1, 2025 renewal of our contract with our largest customer, which we announced June 2. The revenue shortfall in the quarter and the first half of the year is significant, but the recovery is underway now, and production is returning to historical levels" [1].

The company expects its 2025 revenues to be less than 2024 revenues, driven by weakness in professional services in the first half of the year. However, Intellinetics expects to still grow SaaS revenues and maintain positive Adjusted EBITDA. The company expects its 2025 Adjusted EBITDA to be reduced by more than half compared to fiscal year 2024, due to increased investments in sales and marketing intended to provide returns on those investments in late 2025 and beyond [1].

Intellinetics is holding a conference call to discuss these results on a live webcast at 4:30 p.m. ET today. Interested parties can access the webcast through the Intellinetics website at [https://ir.intellinetics.com/](https://ir.intellinetics.com/) [1].

References:
[1] https://www.businesswire.com/news/home/20250813222817/en/Intellinetics-Reports-Second-Quarter-Results