secwatch.observer — SEC 8-K summary
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Issuer:     PROS Holdings, Inc. (—)
CIK:        0001392972
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001392972-25-000075
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROS appoints Jeff Cotten as CEO effective June 2; Q1 subscription revenue up 10% YoY
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- Jeff Cotten named President & CEO, effective June 2, 2025, succeeding Andres Reiner who retires and will serve as senior advisor.
- Q1 subscription revenue of $70.8M (+10% YoY); total revenue $86.3M (+7% YoY), both above guidance high-end.
- GAAP operating loss narrowed to $(3.8)M from $(10.3)M; non-GAAP EPS $0.13 vs $0.04 YoY; adjusted EBITDA $8.7M (+90% YoY).
- FY 2025 guidance: subscription revenue $294-296M (+11%), subscription ARR $308-311M (+10%), free cash flow $40-44M (+61% YoY).
- Free cash flow improved to $1.1M in Q1 from $(4.9)M a year ago; subscription gross margin improved 160 bps to 79% (GAAP).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/0001392972-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/pro-20250428.htm
  HTML page:      https://secwatch.observer/filing/0001392972-25-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer