Agilysys Inc., a leading provider of hospitality software solutions, announced record revenue of $76.7 million for the fiscal 2026 first quarter ending June 30, 2025. This marks a 20.7% increase from the $63.5 million reported in the same period of the previous year. The company experienced a 44% growth in subscription revenue, including contributions from Book4Time, and a 16% rise in professional services revenue. Net income for the quarter was $4.9 million, or $0.17 per diluted share, compared to $14.1 million, or $0.50 per diluted share, in the prior-year period. The adjusted EBITDA was $12.5 million, slightly up from $12.1 million in the previous year. The adjusted diluted EPS rose to $0.33 per share from $0.30 per share in the comparable period. Despite a free cash flow of negative $5.0 million, down from $0.2 million in the fiscal 2025 first quarter, the company ended with a cash balance of $55.6 million, compared to $73.0 million at the end of fiscal 2025. Looking ahead, Agilysys has raised its full-year subscription revenue growth guidance to 27%, citing strong sales momentum and faster project deployments. The company continues to capitalize on robust demand for its cloud-native hospitality software solutions.
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