Shares rallied 15.1% following a quarter marked by strong revenue growth and margin expansion that outpaced prior expectations, alongside an upward revision to full-year guidance.
- Q3 revenue reached $139 million, up 29% year-over-year, demonstrating solid top-line momentum.
- Gross margins expanded to 64.8%, supporting a robust adjusted EBITDA margin of 29.1% and $40 million in adjusted EBITDA.
- Cash flow from operations increased 38% year-over-year to $33 million, now exceeding the year-to-date adjusted EBITDA on an annualized basis.
- Annual recurring revenue (ARR) hit a record of $191 million, with management projecting at least 27% ARR growth for the full year.
- Q4 guidance was raised to $138–142 million in revenue and $40–41.5 million in adjusted EBITDA, lifting full-year revenue guidance to $529–533 million and adjusted EBITDA to $146–147.5 million, reflecting accelerating profitable growth.
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