Olo Q2 revenue up 22%, ARPU up 12% YoY, enters Thoma Bravo acquisition deal.

• Olo Q2 revenue up 22% YoY • ARPU up 12% YoY • Entered into a definitive agreement to be acquired by Thoma Bravo • Exceeded guidance ranges for revenue and non-GAAP operating income • Seeks to accelerate its vision of helping customers create a world where every restaurant guest feels like a regular.

Olo Inc. (NYSE: OLO), a leading restaurant technology provider, has released its financial results for the second quarter ended June 30, 2025. The company reported a 22% year-over-year (YoY) increase in total revenue, reaching $85.7 million, and a 12% YoY increase in average revenue per unit (ARPU) to approximately $955. This strong performance has been attributed to the company's ability to exceed its revenue and non-GAAP operating income guidance ranges [1].

Key highlights from the quarter include:

- Revenue Growth: Total revenue increased by 22% YoY to $85.7 million, while platform revenue grew by 21% YoY to $84.1 million.
- Profitability: Gross profit rose 10% YoY to $43.9 million, representing 51% of total revenue. Non-GAAP gross profit increased by the same margin to $48.8 million, equating to 57% of total revenue.
- Operating Loss: The company reported an operating loss of $2.7 million, or 3% of total revenue, compared to an operating income of $1.0 million, or 1% of total revenue, a year ago. Non-GAAP operating income improved to $13.1 million, or 15% of total revenue, up from $7.6 million, or 11% of total revenue, a year ago.
- Net Income: Net income was $1.6 million, or $0.01 per share, compared to a net income of $5.7 million, or $0.03 per share, a year ago. Non-GAAP net income was $13.1 million, or $0.07 per share, up from $9.2 million, or $0.05 per share, a year ago.
- Cash Position: As of June 30, 2025, Olo's cash, cash equivalents, and short- and long-term investments totaled $428.5 million.

Additionally, Olo has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction valued at approximately $2.0 billion in equity value. The acquisition is expected to close by the end of calendar year 2025, subject to customary closing conditions [1].

Noah Glass, Olo’s Founder and CEO, commented on the quarter's results and the pending acquisition: "Olo continued to execute in the second quarter, generating revenue and non-GAAP operating income that exceeded the high-end of their respective guidance ranges. By partnering with Thoma Bravo, we believe we can build on our success to date and accelerate our vision of helping our customers create a world where every restaurant guest feels like a regular."

References:
[1] https://www.stocktitan.net/news/OLO/olo-announces-second-quarter-2025-financial-ywh5jwk1jtbz.html