Record GAAP Revenue
GAAP revenue reached a record $318 million, up 5% year-over-year, exceeding guidance expectations.
Improved Operating Income
Adjusted operating income was $118 million with a margin of 37%, marking the highest level of AOI margin since Q4 2024.
Upmarket Growth
The upmarket business now represents 73% of total ACV, up 10 percentage points in two years, with a 6% upmarket ACV growth.
Net Revenue Retention Improvement
Net revenue retention improved to 90%, marking a 5 percentage point increase year-over-year.
Expansion of Product Portfolio
The operations suite grew more than 20% year-over-year, and the introduction of innovative products like Copilot and GTM Studio attracted strong interest.
Increased Share Repurchases
Repurchased 8.3 million shares of common stock at an average price of $10.46, using 116% of unlevered free cash flow generated since the start of 2024.