Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 52

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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, other, net also included the $25.9 million gain on the sale of the Company's equity method investment. Other, net was $23.7 million of income and $2.0 million of expense for the three months ended March 31, 2025 and 2024, respectively.

Income Taxes

See Note 10, Income Taxes, to our unaudited condensed consolidated financial statements in Part I of this Form 10-Q for additional information.

Segment Results

See Note 9, Segment Information, to our unaudited condensed consolidated financial statements in Part I of this Form 10-Q for additional information regarding segments. 

The following is selected financial data for our reportable segments for the periods indicated (in thousands):Three Months Ended March 31,20252024RevenuePayment Software$200,725 $141,157 Biller193,840 174,862 Total revenue$394,565 $316,019 Segment Adjusted EBITDAPayment Software$106,561 $52,289 Biller30,895 30,737 Depreciation and amortization(23,985)(27,609)Stock-based compensation expense(11,627)(8,099)Corporate and unallocated expenses(43,328)(37,758)Interest, net(10,619)(15,001)Other, net23,740 (2,025)Income (loss) before income taxes$71,637 $(7,466)

Payment Software Segment Adjusted EBITDA increased $54.3 million for the three months ended March 31, 2025, compared to the same period in 2024, due to a $59.6 million increase in revenue primarily due to an increase in license and services revenues, partially offset by a $5.3 million increase in cash operating expense.

Biller Segment Adjusted EBITDA increased $0.2 million for the three months ended March 31, 2025, compared to the same period in 2024, due to a $19.0 million increase in revenue, partially offset by a $18.8 million increase in cash operating expense, primarily payment card interchange and processing fees.

Liquidity and Capital Resources

General

Our primary liquidity needs are: (i) to fund normal operating expenses; (ii) to meet the interest and principal requirements of our outstanding indebtedness; and (iii) to fund acquisitions, capital expenditures, and lease payments. We