Consensus Cloud Solutions (CCSI) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 and full year 2025 results, with consolidated Q4 revenue of $87.1M, driven by 7.3% corporate revenue growth and strong operational performance.

• Corporate channel now represents 64% of total revenue, up from 60% in 2024, and is projected to reach 68% in 2026.

• Free cash flow hit a record $106M for 2025, up 20% from 2024, supporting continued investment and share repurchases.

• Debt reduced by $36M in 2025, with $243M in debt retired since the spin and refinancing of 6% Notes due 2026.

• SoHo channel revenue declined 11.1% in Q4 and 10% for the year, reflecting the strategic pivot to a cash engine.

Financial highlights

• Q4 2025 consolidated revenue was $87.1M, up 0.1% year-over-year, marking the third consecutive quarter of growth.

• Adjusted EBITDA for Q4 was $45.2M (51.9% margin); full year Adjusted EBITDA was $186.9M–$187M (53.4% margin).

• Adjusted net income for Q4 was $27.3M, up 12.7% year-over-year; full year Adjusted net income was $109.4M, up 3.6%.

• Adjusted EPS for Q4 was $1.41 (up 13.7%); full year Adjusted EPS was $5.62 (up 3.1%).

• Ended 2025 with ~$75M in cash and $562M in debt; repurchased 1M shares for $23M in 2025, with $57M cumulative repurchases.

Outlook and guidance

• 2026 revenue guidance: $350M–$364M (midpoint $357M), ~2% growth at midpoint.

• 2026 Adjusted EBITDA guidance: $182M–$193M (midpoint $187.5M); Adjusted EPS: $5.55–$5.95 (midpoint $5.75).

• Q1 2026 revenue guidance: $85.4M–$89.4M; Adjusted EBITDA: $43.8M–$46.8M; Adjusted EPS: $1.36–$1.46.

• Corporate revenue expected to grow 7.2%–11.2% in 2026; SoHo revenue expected to decline 8.3%–12.3%.

• Free cash flow expected to approximate 2025 record levels; more aggressive share repurchases planned.