Longtime Alarm.com CFO to retire

TYSONS, Va. — Alarm.com announced during its fourth quarter and year-end webcast that CFO Steve Valenzuela would be retiring, effective June 2, 2025, in what was described as an amicable departure. 

The longtime CFO garnered praise from CEO Steve Trundle, who he credited for raising more than $1 billion in cash during his tenure at the company. 

“We are very thankful for all of Steve's contributions over the years, which I would like to recognize,” he said. “Steve joined Alarm.com in November 2016. At that time, Alarm.com was a much smaller company with total revenue of just $248 million and earnings of $44 million. Under Steve's financial leadership, we have grown revenue by 280%.” 

Trundle continued, “Today is Steve's 33rd earnings report with us and we are reporting more SaaS revenue this quarter than the business generated in the entire 12 months preceding his arrival. He has led countless calls with our investors and ensured that we always provide high fidelity reporting on our business. And importantly, he has built a great finance team at Alarm.com that is geared up to continue executing our plan going forward.” 

Alarm.com stated that it will begin the search for its next CFO immediately, with Valenzuela staying on to support the transition. 

Valenzuela gave his thanks to members of the company’s board of directors, as well as partners, investors and analysts for their support over the years. 

“Thank you Steve (Trundle), for your very kind words and confidence in me, it's been a true partnership, which for me has been very special,” he said. “After nearly eight and a half years, this is a good time for me to retire from Alarm.com and consider the next chapter in my journey. I'm committed to remaining in my role for a sufficient period of time to ensure a smooth transition.”