Urgent.ly Q1 2025 revenue $31.3M (-22% YoY); record gross margin 26%; operating loss improves 71%

Urgent.ly Inc.

2025-Q1 EPS reported -$4.69 revenue$31,272,000

Revenue of $31.3M, down 22% YoY; gross profit down 15% to $8.0M; gross margin rose to 26% from 23%.
GAAP operating loss narrowed 71% to $2.4M; non-GAAP operating loss of $0.4M beat guidance of $1.0M.
CEO expects positive sequential revenue growth in Q3 and sustained non-GAAP operating breakeven.
Completed ~189,000 dispatches with a consumer satisfaction score of 4.6/5.

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