Consensus Cloud Solutions (CCSI) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 and full year 2025 results, with consolidated revenue growth for three consecutive quarters and a 7.3% year-over-year increase in corporate revenue, marking the end of a major transformation phase and a shift to advanced product offerings.

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

• Corporate revenue growth was driven by strong performance in healthcare and public sector verticals, while SoHo was managed as a cash engine with a deliberate 10% revenue decline offset by efficiency gains.

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

• Reduced debt by $36 million, fully retired 6% bonds due October 2026, and refinanced at a lower rate.

Financial highlights

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

• Q4 adjusted EBITDA: $45.2 million (51.9% margin), above expectations.

• Q4 adjusted net income: $27.3 million, up 12.7% year-over-year; adjusted EPS: $1.41, up 13.7%.

• Full year 2025 revenue: $349.7 million, essentially flat year-over-year.

• Full year adjusted EBITDA: $186.9 million (53.4% margin), above original guidance.

• Full year adjusted net income: $109.4 million, up 3.6%; adjusted EPS: $5.62, up 3.1%.

• Ended 2025 with $75 million in cash and $106 million in free cash flow.

Outlook and guidance

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

• 2026 adjusted EBITDA: $182–$193 million (midpoint $187.5 million); adjusted EPS: $5.55–$5.95 (midpoint $5.75).

• Q1 2026 revenue guidance: $85.4–$89.4 million (midpoint $87.4 million); adjusted EBITDA: $43.8–$46.8 million; 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 level; more aggressive share repurchases planned.