Overview
- Revenue reached $411.11 million, up 16% year over year, and adjusted EPS of $0.16 topped consensus.
- GAAP operating income was $13 million, marking the company's first GAAP-profitable quarter.
- Annualized recurring revenue rose to $1.782 billion (+11% year over year) with $59 million in net new ARR and a 107% dollar-based net retention rate.
- Fourth-quarter revenue guidance of $462 million to $467 million places the midpoint slightly above Wall Street estimates.
- Shares jumped roughly 9%–14% in after-hours and premarket trading and later gained more than 20% intraday, as the company also highlighted $1.52 billion in cash and marketable securities and new integrations with Azure AI Foundry, OpenAI, Google Gemini, and NVIDIA.