Urgent.ly Inc. reported its financial results for the second quarter ended June 30, 2025, with revenue of $31.7 million, an 8% decrease from $34.5 million in Q2 2024. However, the company achieved sequential quarterly revenue growth compared to the first quarter of 2025. Gross profit increased to $7.9 million from $7.3 million in the prior year period, resulting in a gross margin of 25%, up from 21%.
The GAAP operating loss significantly improved to $2.2 million, compared to a loss of $15.7 million in Q2 2024. Non-GAAP operating loss was approximately $0.2 million, a substantial improvement from $5.6 million in Q2 2024, and better than the company's guidance of $0.5 million. These results demonstrate continued progress towards positive cash flow.
CEO Matt Booth highlighted the company's digitally native platform, which leverages AI and machine learning to create predictive models and enhance performance for customer partners. He noted that technology leadership and innovation are critical to success, reflected in significant contract renewals, expansions, new customers, and exceptional customer satisfaction scores. The company continues to make progress towards positive cash flow.
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