Alarm.com Holdings, Inc. reported robust financial results for its fourth quarter and full year ended December 31, 2024, on February 20, 2025. Fourth-quarter SaaS and license revenue increased to $165.7 million, compared to $148.3 million in the prior year, while GAAP net income was $30.1 million.
For the full year 2024, SaaS and license revenue grew to $631.2 million, up from $569.2 million in 2023, and GAAP net income increased to $122.5 million, compared to $80.3 million in 2023. Non-GAAP adjusted EBITDA for the full year rose to $176.2 million, demonstrating strong profitability.
The company also provided an optimistic outlook for 2025, projecting full-year SaaS and license revenue between $671.2 million and $671.8 million, and total revenue from $978.2 million to $980.8 million. This raised guidance reflects confidence in continued growth initiatives and operational execution.
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