โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $179.2M (+31% YoY)
โข Cloud Revenue: $101.5M (+60% YoY)
โข GAAP EPS: $0.05
โข Adjusted EPS: $0.32
โข GAAP Gross Margin: 79.6%
โข Adjusted Gross Margin: 83.6%
โข GAAP Operating Loss: -$1.8M (-1.0% margin)
โข Adjusted Operating Income: $40.7M (22.7% margin)
โข Operating Cash Flow: $69.3M
โข Free Cash Flow: $66.5M
โข Cash & Investments: $880.9M
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
๐๐ ๐๐๐๐
โข Revenue: $183Mโ$185M
โข Adjusted Operating Income: $36.2Mโ$38.2M
โข Adjusted EPS: $0.28โ$0.30
๐ ๐๐๐๐๐
โข Revenue: $680Mโ$682M
โข Adjusted Operating Income: $142.5Mโ$144.5M
โข Adjusted EPS: $1.14โ$1.16
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Cloud revenue represented 57% of total revenue vs. 46% YoY
โข Remaining Performance Obligations surged 60% to $812.4M
โข Net Dollar Retention improved to 124% from 118% YoY
โข Customers with over $1M ARR increased 58% to 112 from 71
โข Customers with over $100K ARR increased 21% to 1,357
โข Enterprise+ subscriptions represented 61% of revenue vs. 56% YoY
โข Free cash flow margin reached 37.1%
โข Introduced Zero-Touch Remediation and a self-healing software supply chain security ecosystem with Broadcom, IBM/Red Hat and other partners
โข Expanded AI security capabilities with AI Asset Scanning, Agent Guard and Microsoft Agent Package Manager support
โข Partnered with Wiz to connect code, cloud and runtime security
โข Q4 guidance implies continued revenue growth but sequentially lower adjusted operating profitability
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โAI agents are writing code faster than any developer can review it. Every output becomes an artifact that must be stored, secured, and governed.โ - CEO Shlomi Ben Haim