---
schema_version: "secwatch.filing_event.v1"
accession: "0001431695-24-000014"
form_type: "8-K"
ticker: null
cik: "0001431695"
company_name: "Olo Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:23:34.392312+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Olo Q1 revenue $66.5M (+27% YoY); non-GAAP operating income $5.6M; $100M buyback authorized

## Summary
- Total revenue $66.5M, up 27% YoY; platform revenue $65.8M, up 28%.
- Non-GAAP operating income $5.6M (8% margin) vs $1.2M (2%) a year ago; GAAP net loss $2.4M.
- Non-GAAP net income $7.8M ($0.05 per share) vs $3.4M ($0.02) in Q1 2023.
- ARPU $816 (+29% YoY); active locations ~81,000; NRR above 120%.
- Board authorized new $100M share repurchase program with no expiration date.

## SEC filing metadata
- accession: 0001431695-24-000014
- form_type: 8-K
- cik: 0001431695
- company_name: Olo Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431695/000143169524000014/0001431695-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431695/000143169524000014/olo-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001431695-24-000014
- JSON: https://secwatch.observer/filing/0001431695-24-000014.json
- Plain text: https://secwatch.observer/filing/0001431695-24-000014.txt

## Key facts
- Earnings Releases
  Olo Inc. reported first quarter ended March 31, 2024 results: revenue $66.5 million, net income $2.4 million, EPS $0.01 per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $66.5 million
  - Net income: $2.4 million
  - EPS: $0.01 per share
  - Result: reported results
  source text: personalized guest experiences that increase sales and grow guest lifetime value.” First Quarter Financial and Other Highlights • Total revenue increased 27% year-over-year to $66.5 million. • Total platform revenue increased 28% year-over-year to $65.8 million. • Gross profit increased 11% year-over-year to $37.2 million, and was 56% of total revenue. • Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431695/000143169524000014/0001431695-24-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.