01—Abstract
Summary
Summary of the 8-K filed July 21, 2025. Cited figures are marked; the original filing is the authoritative source.
Roper Technologies, Inc. reported second-quarter 2025 results for the period ended June 30, 2025, with revenue of $1.94 billiona, up 13%.
Organic revenue grew 7% and acquisitions contributed 6%. GAAP net earnings rose 12% to $378 millionb, and adjusted net earnings rose 9% to $528 million. Adjusted EBITDA increased 12% to $775 million, and adjusted free cash flow increased 10% to $403 million.
Management said growth was balanced across all three segments: Application Software, Network Software, and Technology Enabled Products. The company also announced a definitive agreement to acquire Subsplash, a provider of AI-enabled, cloud-based software and fintech solutions serving over 20,000 faith-based organizations and churches, for a purchase price of $800 millionc. The filing states the deal is expected to close later in July 2025 and that the company's guidance includes its impact.
Management described Subsplash as having a high-teens organic growth profile. Roper raised its full-year 2025 outlook. Adjusted DEPS guidance is now $19.90 to $20.05d, up from $19.80 to $20.05 previously.
Total revenue growth is now expected to be about 13%, up from about 12%, while organic revenue growth expectations of 6% to 7% are unchanged. Third-quarter 2025 adjusted DEPS is guided to $5.08 to $5.12. Guidance excludes unannounced future acquisitions or divestitures.
02—Key points
Key Highlights
- Q2 2025 revenue rose 13% to $1.94 billion, with 7% organic growth and 6% from acquisitions.
- GAAP net earnings increased 12% to $378 million; GAAP diluted EPS was $3.49, up 12%.
- Adjusted net earnings rose 9% to $528 million; adjusted DEPS increased 9% to $4.87.
- Adjusted EBITDA increased 12% to $775 million, and adjusted free cash flow rose 10% to $403 million.
- Agreed to acquire Subsplash, an AI-enabled cloud software and fintech provider serving over 20,000 faith-based organizations and churches, for $800 million.
- Full-year 2025 adjusted DEPS guidance raised to $19.90–$20.05 from $19.80–$20.05; total revenue growth outlook raised to about 13% from about 12%.
- Third-quarter 2025 adjusted DEPS guidance of $5.08–$5.12; organic revenue growth outlook of 6%–7% maintained.
03—Questions
Frequently Asked Questions
What drove Roper's revenue growth in the second quarter of 2025?
Revenue increased 13% to $1.94 billion. Organic revenue contributed 7% growth, acquisitions contributed 6%, and foreign exchange had no impact. Management said growth was balanced across all three segments.
What is the Subsplash acquisition?
Roper signed a definitive agreement to acquire Subsplash, a provider of AI-enabled, cloud-based software and fintech solutions serving over 20,000 faith-based organizations and churches, for $800 million. The company expects the acquisition to close later in July 2025, and its guidance includes the impact of the deal.
How did Roper change its 2025 guidance?
Full-year 2025 adjusted DEPS guidance was raised to $19.90–$20.05, with the low end increased from $19.80. Total revenue growth outlook was raised to about 13% from about 12%, and organic revenue growth of 6%–7% was unchanged.
What does the filing say about the Indicor minority investment?
Roper holds a minority interest in Indicor following the sale of a majority stake in its industrial businesses to CD&R. In the second quarter, the financial impacts of this and the Certinia minority investment were a $17 million pretax gain, which the company excludes from adjusted results. Forecasts do not include potential Indicor impacts.
04—Continue