Roper Technologies, Inc. has recently released its 10-Q report, revealing its operations through three segments: Application Software, Network Software, and Technology Enabled Products. The company's net revenues for the three months ended March 31, 2025, were $1,882.8 million, marking a 12.0% increase from the same period in 2024. The gross margin for the same period was reported at 68.7%, with the Application Software segment leading revenue growth at 19.3%, followed by Technology Enabled Products at 5.8% and Network Software at 1.4%.
In the Application Software segment, net revenues for the first quarter of 2025 grew to $1,068.2 million, showing a 19.3% increase from the first quarter of 2024. This growth was primarily driven by acquisition contributions from Transact and Procare. The Network Software segment also saw a 1.4% increase in net revenues to $375.9 million, while the Technology Enabled Products segment reported a 5.8% increase to $438.7 million.
Roper's backlog, representing remaining performance obligations expected to be recognized as revenue within the next 12 months, increased by 3.5% to $3,033.8 million at March 31, 2025, compared to $2,932.4 million at March 31, 2024. The company's financial condition and liquidity remained strong, with net cash provided by operating activities decreasing by 1% to $528.7 million in the first quarter of 2025, primarily due to cash payments related to settled litigation and higher taxes paid.
Roper Technologies' total debt, net of deferred financing costs, stood at $7,456.4 million as of March 31, 2025. The company had no borrowings outstanding under its unsecured revolving credit facility at the time. It was also in compliance with all debt covenants related to its unsecured credit facility throughout the period.
The market has reacted to these announcements by moving the company's shares 1.5% to a price of $566.04. If you want to know more, read the company's complete 10-Q report here.
