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Motive Technologies (MTVE) investor relations material
Motive Technologies Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Provides an AI-powered Integrated Operations Platform for physical operations, serving industries such as construction, oil and gas, logistics, manufacturing, agriculture, and the public sector.
Platform unifies management of workers, vehicles, equipment, and spend, offering products like Driver Safety, Fleet Management, Equipment Monitoring, Spend Management, Workforce Management, and AI Vision.
AI system leverages proprietary hardware, large annotated datasets, and low-latency validation, enabling high-accuracy event detection and workflow automation.
As of September 30, 2025, nearly 100,000 customers across more than a dozen industries, with strong adoption among both SMBs and large enterprises.
Financial performance and metrics
Revenue grew from $310 million in 2023 to $370 million in 2024 (19% YoY growth); for the nine months ended September 30, 2025, revenue was $327 million, up 22% YoY.
Annualized recurring run-rate (ARR) reached $501 million as of September 30, 2025, up 28% YoY.
Core Customers (ARR > $7,500) and Large Customers (ARR > $100,000) represented 73% and 37% of total ARR, respectively, as of September 30, 2025.
Net losses were $109 million (2023), $153 million (2024), and $139 million (nine months ended September 30, 2025); non-GAAP loss from operations was $75 million (2023), $82 million (2024), and $55 million (nine months ended September 30, 2025).
Gross margin remained stable at 70% for the nine months ended September 30, 2025.
Use of proceeds and capital allocation
Net proceeds from the IPO will be used for working capital and general corporate purposes, including product development, administrative matters, and capital expenditures.
A portion will be used to satisfy estimated tax withholding and remittance obligations related to RSU settlements.
May use proceeds for acquisitions or investments in complementary technologies or businesses, though no material agreements are in place.
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