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Friends & Family Capital is pleased to share the Q1 2025 edition of “Seven Weeks in Seven Minutes.”

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This resource is a summary of condensed and actionable insights on what you need to know from the last seven weeks of earnings announcements.

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It is intended for our Founders, CFOs, and friends in the community.

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See below for the overview slides from the quarter. The full presentation is available for download here.

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We welcome your feedback to help shape the relevance for your business in future quarters.

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‍Key theme for the quarter: “Resilience In The Middle of a Macro Storm”

• Tariff policy oscillation created mixed dialogue and uncertainty in business outlook

• Yet, 70% of companies both beat estimates and had analysts raise estimates on revenue and EPS

• Thematic AI tailwinds remain intact despite trade talk uncertainty

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Our public company universe includes 46 companies. We selected these businesses as leading business-to-business software companies plus the technology stalwarts. The customers served by these companies are also relevant for the Founders we help as they build companies in the private markets.

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Market price moved up or down by 10% or more across several companies following their earnings.

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Below are the top ten movers and bottom ten movers in the Q1 earnings season based on one-day share price reaction following their earnings announcement.

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A timeless question of "Is it me? Or the market?" can be addressed through the commentary companies offer about their customers and go-to-market motion. Q1 2025 saw an increase in macro uncertainty due to tariff policy and the downstream potential business impacts.

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Companies in the F&FC coverage universe were roughly split this quarter in forward topline guidance. About half of the companies lowered or maintained topline guidance, with the other half of companies raising topline guidance.

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The full presentation is available for download here.

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