Document management firm Intellinetics Q3 revenue down, hurt by weakness in professional services

Reuters11-13

Document management firm Intellinetics Q3 revenue down, hurt by weakness in professional services

Overview

Intellinetics Q3 2025 total revenue falls 12.8% yr/yr, driven by 28% drop in professional services
Company's SaaS revenue grows 14.6% yr/yr, despite economic headwinds in target markets
Net loss for Q3 2025 narrows slightly compared to Q3 2024

Outlook

Intellinetics expects 2025 revenues to be lower than 2024 revenues
Company anticipates Q4 2025 SaaS revenues to exceed Q4 2024
Intellinetics maintains 2025 Adjusted EBITDA will be less than half of 2024

Result Drivers

SaaS GROWTH - SaaS revenue increased 14.6% yr/yr, driven by IntelliCloud Payables Automation commercialization
PROFESSIONAL SERVICES DECLINE - Professional services revenue decreased 28% yr/yr, impacting total revenue
GROSS MARGIN SHIFT - Gross profit margin percentage increased due to favorable mix shift, despite stable rates in most lines

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 EPS		-$0.08

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Intellinetics Inc is $14.50, about 24.1% above its October 7 closing price of $11.00

Press Release: ID:nBw2xlyS3a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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