Revenue Growth and Record EBITDA Margin
Revenue for Q3 2025 grew 8% year-over-year to $107.9 million, with a record high adjusted EBITDA margin of 22%, reflecting disciplined execution and market-based model leverage.
Significant Growth in Managed Services and Dynamic Matching
Managed Services GMV grew 65% year-over-year, with an average project size of $17,000. Dynamic Matching GMV grew 22% year-over-year, with 15% of job briefs having a budget over $1,000 and an average order value of $2,200.
AI-Related Services Driving Growth
Programming and Tech vertical grew 14% year-over-year in Q3, driven by demand in AI-related services like AI agents, workflow automation, and vibe coding.
Strong Performance in Services Segment
Services revenue grew 40% year-over-year to $34.3 million, accounting for 32% of total revenue in Q3.
Increased Spend Per Buyer
Spend per buyer increased 12% year-over-year, the strongest growth rate since the COVID era.