Strong Annual Recurring Revenue (ARR) Growth
Closed the quarter with $925 million in ARR, a 30% year-over-year increase, with SaaS ARR growing 39% year-over-year.
Significant Increase in Large Customers
62% year-over-year increase in customers with ARR greater than $1 million, reflecting the company's ability to support enterprise scale and complexity.
Innovation in Identity Security
Introduction of Harbor Pilot, an AI-powered assistant, and the upcoming release of Agent Identity Security to govern digital identities, including AI agents.
Strong Financial Performance
Delivered total revenue of $230 million, up 23% year-over-year, with subscription revenue of $215 million, up 27% year-over-year. Adjusted operating margin was 10.2%.
Positive Market Position
Achieved nearly 21% market share in identity security, significantly outpacing nearest competitor, and strong partnerships with Deloitte and other firms.