Operator

Good day, everyone, and welcome to today's QuoteMedia Q1 Results Conference Call.

[Operator Instructions] Please note, this call is being recorded, and I'll be standing by for assistance.

Now I'll turn the call over to your host, Dave Shworan. Please go ahead, Dave.

David Shworan

Thank you, and welcome, everyone. We appreciate you joining us today.

Before we begin, I have a brief safe harbor statement. Except for historical information contained herein, the statements made in this call include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected.

And now we're happy to go through our 2026 first quarter results. We're very pleased with how 2026 is beginning for QuoteMedia. The momentum we built through 2025 has continued into the first quarter, and we believe the business is now entering a new phase focused not simply on growth, but scalable growth.

Revenue increased 15% year-over-year this quarter, driven by continued expansion within existing accounts, new client win and increasing traction among larger enterprise customers. We're seeing strong demand across our platforms and data offerings, and we continue to successfully compete against much larger incumbents in the industry.

Importantly, the quality and predictability of our revenue continues to strengthen. Approximately 95% of our revenue is recurring in nature, providing substantial visibility and stability as we continue to grow the business. In addition, we continue to maintain client retention levels that are very close to 100%, which we