Exhibit 99.1 Lyft Reports Record Q3 2025 Financial Results Exceeds $1 billion in cash flow generation for the trailing twelve months Growth to accelerate through the end of 2025 and into 2026 SAN FRANCISCO, CA, November 5, 2025 - Lyft, Inc. (Nasdaq: LYFT) today announced financial results for the third quarter ended September 30, 2025. "Our Q3 results prove that Lyft's comeback strategy is working," said CEO David Risher. "We once again smashed records, announced more autonomous vehicle partnerships, and la ...

Financial Performance - Total revenue for Q3 2025 was $134.2 million, a 12% increase from $119.8 million in Q3 2024[8] - GAAP net income for Q3 2025 was $36.4 million, a 1% increase from $35.9 million in Q3 2024[10] - Adjusted EBITDA for Q3 2025 rose to $58.7 million, reflecting a 29% increase from $45.4 million in the same period of 2024[10] - Gross profit increased to $75.6 million, with gross margin improving to 56.3% from 49.8% year-over-year[9] - Total revenue for the three months ended September 30, 2025, was $134,224,000, representing a 12% increase from $119,839,000 in the same period of 2024[30] - Gross profit for the nine months ended September 30, 2025, was $203,949,000, up from $156,220,000 in 2024, indicating a significant growth[30] - Adjusted EBITDA for the three months ended September 30, 2025, was $58,740,000, compared to $45,367,000 in 2024, reflecting a 29% increase[32] - Net income for the three months ended September 30, 2025, was $36,428,000, slightly up from $35,909,000 in 2024[30] - The company reported a basic earnings per share of $0.15 for both the three months ended September 30, 2025, and 2024[30] Guidance and Projections - FY 2025 total revenue guidance raised to at least $510 million, and FY 2026 guidance raised to at least $630 million[6] - Adjusted net income for FY 2025 revised to approximately $158 million due to a higher effective tax rate, while FY 2026 adjusted net income guidance increased to more than $255 million[6] Product and Market Developments - ASCENIV utilization achieved record levels, driven by strong prescriber adoption and growing patient demand[6] - Positive real-world outcomes for ASCENIV demonstrated a reduction in infection rates by more than 50% compared to prior IVIG therapy[7] - The FDA lot release of yield-enhanced production batches is expected to drive gross margin expansion beginning in Q4 2025[2] - SG-001 program is advancing with potential for a $300–500 million annual high-margin opportunity if successfully brought to market[7] Asset and Liability Management - Cash and cash equivalents decreased to $61,385,000 as of September 30, 2025, from $103,147,000 at the end of 2024[26] - Total current assets increased to $402,655,000 as of September 30, 2025, compared to $331,410,000 at the end of 2024[26] - Total liabilities decreased to $137,501,000 as of September 30, 2025, from $139,660,000 at the end of 2024[27] Operational Strategy - The company anticipates revenue and earnings growth driven by FDA approval of the yield enhancement process and operational momentum[23] - The company plans to optimize operations and streamline its plasma network to enhance efficiency and production output[23]

Financial Performance - Total throughput for the Merchant Division reached ZAR 9.2 billion in Q1 2026, a 117% increase from ZAR 4.2 billion in Q1 2025, driven by the inclusion of Adumo[178] - Revenue increased by $17.9 million (ZAR 266.7 million) or 11.6% (in ZAR 9.7%) primarily due to the inclusion of Adumo and Recharger, higher transaction activity, and increased insurance premiums collected[212] - Consolidated revenue for the three months ended September 30, 2025, was $171.4 million, a 12% increase from $153.6 million in 2024[223] - Merchant segment revenue increased by 3% to $126.9 million, while Consumer segment revenue surged by 45% to $30.6 million, and Enterprise segment revenue rose by 25% to $14.9 million[223] - Group Adjusted EBITDA for the three months ended September 30, 2025, was $15.3 million, reflecting a 64% increase from $9.4 million in 2024[223] Lending and Consumer Growth - The lending origination volume for the period was ZAR 201 million, representing a 21% increase compared to ZAR 166 million in Q1 2025[183] - The net loan book outstanding increased by 72% to ZAR 470 million as of Q1 2026, up from ZAR 273 million in Q1 2025[183] - Lending originations for EasyPay Loans increased by 77% to ZAR 820 million in Q1 2026, compared to ZAR 462 million in Q1 2025[190] - The Consumer Division saw a 24% increase in active consumers, reaching 1.9 million in Q1 2026, compared to 1.6 million in Q1 2025[190] - The average revenue per consumer per month increased to ZAR 89 in Q1 2026, up from ZAR 78 in Q1 2025, reflecting a 13% growth[193] Operational Efficiency - Operating income improved to $383,000 compared to a loss of $45,000 in the prior year, driven by strong performance in the Consumer segment and contributions from Adumo and Recharger[211] - The operating income margin improved to 0.2% in the first quarter of fiscal 2026 from (0.0)% in the prior year[218] - The Segment Adjusted EBITDA margin for the Merchant segment improved to 7.2% in fiscal 2026 from 6.1% in fiscal 2025[229] - Consumer segment revenue growth was driven by higher transaction fees and an increase in loan originations, resulting in a Segment Adjusted EBITDA margin of 27.8% for fiscal 2026[231] - Enterprise segment revenue and Adjusted EBITDA increased primarily due to the inclusion of Recharger, with a Segment Adjusted EBITDA margin of 8.54% for fiscal 2026[233] Expenses and Costs - Selling, general and administration expenses rose by $12.9 million (ZAR 219.5 million), or 48.5% (in ZAR 45.8%), mainly due to higher employee-related expenses and the inclusion of Adumo and Recharger[215] - Depreciation and amortization expense increased by $6.6 million (ZAR 114.7 million), or 105.4% (101.8%), attributed to acquisition-related intangible asset amortization from Adumo and Recharger[216] - Cost of goods sold decreased by $0.5 million (ZAR 45.8 million) or 0.4% (in ZAR 2.1%), primarily due to reduced prepaid airtime costs[213] - Group costs increased due to higher employee costs and consulting fees, partially offset by lower bonus expenses[235] Cash Flow and Financing - Cash and cash equivalents as of September 30, 2025, totaled $72.2 million, including ZAR 1.2 billion ($69.2 million) in South African Rand[241] - Net cash provided by operating activities in Q1 fiscal 2026 was $8.9 million (ZAR 157.6 million), compared to a net cash utilized of $4.1 million (ZAR 73.3 million) in Q1 fiscal 2025[252] - Capital expenditures for Q1 fiscal 2026 were $4.0 million (ZAR 70.3 million), primarily for the acquisition of vaults and POS devices[255] - The company has a revolving credit facility of ZAR 400.0 million utilized for merchant finance loans[248] - Long-term borrowings outstanding amount to ZAR 3.6 billion ($208.1 million) as of September 30, 2025, including ZAR 3.1 billion from Lesaka SA for refinancing[248] Acquisitions and Integration - The company closed acquisitions of Adumo and Recharger in fiscal 2025, integrating their businesses into its operations[209] - The company plans to make a cash payment of ZAR 175 million ($10.1 million) in March 2026 related to the acquisition of Recharger[245] Tax and Interest - The effective tax rate for fiscal 2025 was impacted by tax expenses from profitable South African operations and non-deductible expenses, with an income tax benefit of $0.1 million (ZAR 2.6 million) recorded in the first quarter of fiscal 2026[221] - Net interest charge decreased to $4.36 million (ZAR 76.9 million) from $4.45 million (ZAR 79.8 million) due to lower interest rates and changes in borrowing arrangements[211] - Interest expense decreased to $4.9 million (ZAR 86.4 million) from $5.0 million (ZAR 90.3 million), reflecting lower interest rates[220] - Estimated annual expected interest charge on South African borrowings is $22.9 million, with a hypothetical 1% increase raising it to $25.1 million[265] Risks and Challenges - The company is exposed to cash loss risks in ATMs and must repay African Bank for any shortages[251] - Restricted cash of $0.1 million is included in the consolidated statement of cash flows as of September 30, 2025[250]

Financial Performance - Net sales increased by 12.3% to $40.8 million in Q3 2025, up from $36.4 million in Q3 2024, driven by a volume growth of 12.6%[3] - The net loss for Q3 2025 was $2.8 million, consistent with the net loss of $2.8 million in Q3 2024, with a loss per share of $0.04[11] - Adjusted EBITDA loss was $1.7 million in Q3 2025, compared to a loss of $1.5 million in Q3 2024, reflecting ongoing operational challenges[12] - The company expects full-year 2025 net sales to be between $162 million and $164 million, with an adjusted EBITDA loss projected between $5.0 million and $5.5 million[14] - For Q4 2025, net sales are anticipated to range from $39.0 million to $41.0 million, with an adjusted EBITDA loss expected between $0.25 million and $0.75 million[15] - Net loss for the nine months ended September 30, 2025, was $9,870 million, an improvement from a net loss of $17,002 million for the same period in 2024, indicating a reduction of approximately 42.5%[27] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(4,754) million, compared to $(11,348) million for the same period in 2024, reflecting an improvement of approximately 58%[32] Cost and Expenses - Gross profit margin decreased to 45.6%, down 3.5 percentage points from 49.1% in Q3 2024, primarily due to higher inventory losses and increased tariffs[4] - Selling and marketing expenses were $12.7 million, representing 31.0% of net sales, compared to $12.0 million or 33.0% in Q3 2024, indicating improved cost efficiency[5] - The increase in marketing expenses was driven by investments aimed at enhancing brand awareness[8] - Equity-based compensation for the nine months ended September 30, 2025, was $2,663 million, down from $3,950 million in the same period of 2024, a decrease of approximately 32.5%[27] Assets and Liabilities - Total assets decreased from $67,951 million as of December 31, 2024, to $60,009 million as of September 30, 2025, representing a decline of approximately 11.5%[25] - Cash and cash equivalents decreased from $32,688 million at the end of the previous period to $26,029 million at the end of the current period, a decline of approximately 20.2%[27] - Total current liabilities slightly decreased from $24,222 million as of December 31, 2024, to $23,967 million as of September 30, 2025, a reduction of about 1.1%[25] - Inventories decreased from $18,618 million as of December 31, 2024, to $14,128 million as of September 30, 2025, a decline of approximately 24.1%[25] - Total stockholders' equity decreased from $64,879 million as of December 31, 2024, to $51,250 million as of September 30, 2025, a decline of approximately 21%[25] Cash Flow - The company had a cash outflow of $(226) million in investing activities for the nine months ended September 30, 2025, consistent with $(238) million for the same period in 2024[27] - The company reported a net cash used in operating activities of $(4,196) million for the nine months ended September 30, 2025, compared to a net cash provided of $971 million for the same period in 2024[27] Future Outlook - The company is focused on achieving profitability in 2026 through strategic growth initiatives and operational excellence[2] - As of September 30, 2025, the company had $26.0 million in cash and cash equivalents, no outstanding debt, and an unused credit line of $20 million[13]

Sales Performance - Total net sales for the three months ended September 30, 2025, increased by $18.1 million, or 2.0%, compared to the same period in 2024, with a net favorable currency impact of $26.3 million primarily related to the euro [19]. - Banking net sales represented 73.0% of total net sales for the three months ended September 30, 2025, down from 74.5% in 2024, with a decrease of $14.9 million after excluding currency impact [19]. - Retail net sales increased by $18.5 million, or 7.8%, for the three months ended September 30, 2025, driven by stronger electronic point of sale business [19]. - Total revenues for Q3 2025 reached $945.2 million, a 1.0% increase from $927.1 million in Q3 2024 [39]. - Total net sales for the three months ended September 30, 2025, were $945.2 million, a 1.0% increase from $927.1 million in the same period of 2024 [77]. Profitability - Net income for the three months ended September 30, 2025, was $41.7 million, compared to a net loss of $21.7 million in the same period of 2024, reflecting a significant improvement [25]. - Operating profit for Q3 2025 increased to $73.8 million, up from $46.4 million in Q3 2024, representing a 58.5% growth [39]. - Income before taxes for the three months ended September 30, 2025, was $52.4 million, significantly higher than $9.7 million in the same period of 2024 [77]. - Basic earnings per share for Q3 2025 were $1.13, compared to a loss of $0.60 per share in Q3 2024, indicating improved profitability [39]. - Comprehensive income for the nine months ended September 30, 2025, was $249.4 million, compared to a loss of $4.1 million in the same period of 2024 [43]. Expenses and Costs - Total operating expenses decreased by 9.9% to $171.3 million for the three months ended September 30, 2025, and by 4.7% to $521.8 million for the nine months ended September 30, 2025, compared to the same periods in 2024 [22]. - Selling and administrative expenses fell by 8.3% to $150.9 million for the three months ended September 30, 2025, and by 4.5% to $456.9 million for the nine months ended September 30, 2025, primarily due to lower refinancing and transformation costs [22]. - Research and development expenses decreased by 13.2% to $20.3 million for the three months ended September 30, 2025, and by 6.3% to $65.3 million for the nine months ended September 30, 2025 [22]. - Total cost of sales for Q3 2025 was $700.1 million, an increase from $690.5 million in Q3 2024, reflecting rising costs [39]. Assets and Liabilities - As of September 30, 2025, total assets increased to $3,723.8 million from $3,543.5 million as of December 31, 2024 [37]. - Outstanding total debt as of September 30, 2025, was $934.0 million, slightly up from $927.3 million as of December 31, 2024 [52]. - Cash and cash equivalents decreased to $246.1 million as of September 30, 2025, from $296.2 million as of December 31, 2024 [29]. - The Company had trade receivables of $580.1 million and contract liabilities of $300.6 million, down from $588.5 million and $320.7 million respectively at December 31, 2024 [72]. Shareholder Actions - The company repurchased a total of $77.4 million in common stock during the first three quarters of 2025, with $22.6 million remaining under the share repurchase program as of September 30, 2025 [33]. - The company repurchased a total of 667,401 shares during the third quarter of 2025 at an average price of $59.18 per share [83]. - The company announced a new $200.0 million share repurchase program on November 5, 2025 [83]. Tax and Tariffs - The effective tax rate decreased to 18.3% for the three months ended September 30, 2025, from 308.2% in the same period of 2024, primarily due to improved interest expense deductibility [25]. - The company estimates a net impact of approximately $5.0 to $10.0 million due to tariffs, assuming current tariff conditions remain in effect for 2025 [15]. Market Presence and Strategy - The company has a presence in over 100 countries with approximately 21,000 employees worldwide, focusing on automating and digitizing banking and retail experiences [13]. - The company anticipates continued focus on market expansion and new product development in the upcoming quarters [7]. - The Company is focused on enhancing consumer experience and streamlining cost structures through the integration of hardware, software, and services [14].

ACV Announces Third Quarter 2025 Results Delivered Record Revenue and Unit Volume, with Increased Market Share Gains Record Marketplace Services Revenue BUFFALO, November 5, 2025 — ACV (NYSE: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its third quarter ended September 30, 2025. "We are pleased with our third quarter results, delivering record revenue despite challenging market conditions. Results were driven by inc ...

Assets and Production - As of September 30, 2025, HighPeak Energy's assets consisted of approximately 154,650 gross (143,496 net) acres, with 70% held by production and an average working interest of 93%[147] - The Company's liquids production accounted for 85% of total production on a Boe basis for the nine months ended September 30, 2025[169] - The Company completed and placed on production 36 gross (35.7 net) horizontal wells during the nine months ended September 30, 2025[171] Financial Performance - The net loss for the three months ended September 30, 2025, was $18.3 million ($(0.15) per diluted share), a decrease of $68.3 million compared to a net income of $49.9 million for the same period in 2024[164] - Total operating revenues for the three months ended September 30, 2025, decreased by 30% to $188,862,000 compared to $271,578,000 in 2024, and for the nine months, revenues decreased by 23% to $646,710,000 from $834,608,000[174] - EBITDAX for the nine months ended September 30, 2025, was $493.2 million, a decrease from $663.4 million for the same period in 2024[204] Sales and Pricing - For the nine months ended September 30, 2025, approximately 85% of sales volumes were attributable to liquids (crude oil and NGL), while 15% were from natural gas[147] - Average realized price per Boe dropped by 25% to $42.91 for the three months ended September 30, 2025, and by 22% to $47.52 for the nine months[174] - Weighted average realized crude oil prices per Bbl decreased to $65.63 for the three months ended September 30, 2025, from $75.99 in 2024, representing a 14% decline[173] Costs and Expenses - Total costs incurred for the nine months ended September 30, 2025, were $399.1 million, including $290.0 million in development costs and $101.9 million in exploration costs[170] - General and administrative expenses increased by 88% to $9,329,000 for the three months ended September 30, 2025, and by 48% to $21,345,000 for the nine months, primarily due to severance and legal costs related to the former CEO's retirement[181] - Exploration and abandonment expenses increased significantly, with plugging and abandonment costs rising by 844% to $1,482,000 for the three months ended September 30, 2025[178] Debt and Liquidity - In August 2025, the Company amended its Term Loan Credit Agreement, upsizing it to $1.2 billion and deferring quarterly amortization payments of $30 million for one year[150] - The company had $1.2 billion outstanding under the Term Loan Credit Agreement as of September 30, 2025[219] - As of September 30, 2025, the company had zero outstanding balance on the Senior Credit Facility Agreement, indicating a strong liquidity position[196] Strategic Alternatives and Future Plans - The Company is evaluating strategic alternatives to maximize shareholder value, including a potential sale, with Texas Capital Securities retained as a financial advisor[163] - The company expects its sources of funding to be adequate to meet its 2025 planned capital expenditures, although future needs cannot be guaranteed[190] - The company's capital budget for 2025 is expected to be approximately $375 to $405 million for drilling and completion, plus $40 to $50 million for field infrastructure, and $33 to $35 million for one-time infrastructure expenditures[191] Market Conditions and Risks - The ongoing geopolitical tensions and tariffs have introduced significant volatility to the crude oil and natural gas sector, impacting operating and capital costs[157] - HighPeak Energy's financial position is heavily dependent on prevailing commodity prices, which are subject to high volatility and uncertainty[159] - The company is subject to interest rate risk, with a potential annual increase in interest expense of approximately $12.0 million for a 1% increase in interest rates[219] Derivative Instruments - The Company recognized a net derivative gain of $25.4 million during the nine months ended September 30, 2025, including a $17.4 million mark-to-market gain[168] - The company reported a noncash loss on derivative instruments of $17.4 million for the nine months ended September 30, 2025, compared to a gain of $11.5 million in 2024[185] - The company uses commodity derivative instruments to hedge price risk associated with anticipated production, providing partial price protection[212]

User Metrics - Platform Weekly Active Users (WAU) decreased by 3% to 21.6 million for the three months ended September 30, 2025, compared to 22.3 million in the same period of 2024[88][89]. Revenue - Revenue for the three months ended September 30, 2025, was $68.9 million, a 5% increase from $65.6 million in the same period of 2024[88][107]. - Revenue for the nine months ended September 30, 2025, was $188.2 million, a 3% increase from $182.0 million in the same period of 2024[88][108]. Average Revenue Per User - Average revenue per Platform WAU (ARPU) increased by 8% to $3.19 for the three months ended September 30, 2025, compared to $2.95 in the same period of 2024[88][91]. Expenses - Total costs and expenses for the three months ended September 30, 2025, were $86.1 million, a decrease of less than 1% compared to $86.4 million in the same period of 2024[88][105]. - Research and development expenses increased to $35.7 million for the three months ended September 30, 2025, compared to $31.9 million in the same period of 2024[105]. - Sales and marketing expenses decreased to $23.8 million for the three months ended September 30, 2025, compared to $26.2 million in the same period of 2024[105]. - General and administrative expenses decreased by $1.0 million, or 6%, for the three months ended September 30, 2025, primarily due to a $1.9 million decrease in personnel-related costs[115]. Net Loss - Net loss for the three months ended September 30, 2025, decreased by 14% to $12.9 million, compared to $14.9 million for the same period in 2024[88][105]. - The company experienced a net loss of $85.9 million for the nine months ended September 30, 2024, with significant non-cash charges including $54.2 million in stock-based compensation[137]. Cash and Securities - Cash, cash equivalents, and marketable securities totaled $403.3 million as of September 30, 2025[88]. - As of September 30, 2025, the company had cash and cash equivalents of $56.1 million and marketable securities of $347.2 million[142]. Cash Flow - Net cash used in operating activities during the nine months ended September 30, 2025, was $3.0 million, resulting from a net loss of $50.2 million[129]. - Cash used in operating activities for the nine months ended September 30, 2024 was $32.0 million, resulting from a net loss of $85.9 million adjusted for non-cash charges of $76.2 million[130]. - Cash provided by investing activities for the nine months ended September 30, 2024 was $93.4 million, consisting of proceeds from maturities of marketable securities of $158.4 million and sales of marketable securities of $138.4 million[132]. Share Repurchase - The company repurchased and retired 8,409,278 shares of Class A common stock at an average price of $1.72 per share for a total of $14.5 million during the nine months ended September 30, 2025[127]. Future Expectations - The company expects to incur significant research and development, sales and marketing, and general and administrative expenses over the next several years for business expansion[124]. Interest and Currency Risk - Interest income decreased by $1.2 million, or 20%, for the three months ended September 30, 2025, driven by lower returns on marketable securities[117]. - The company has not had a formal hedging program for foreign currency but may consider it if exposure increases[143]. - The company’s revenue is primarily denominated in U.S. Dollars, minimizing significant foreign currency risk[143]. - A hypothetical 100 basis point change in interest rates would not materially affect the fair value of the company's investment portfolio[142].

Revenue and Growth - Total revenue for Q3 2025 was $158.2 million, representing a 15% year-over-year growth, with security revenue growing 30% year-over-year and accounting for 21% of total revenue[7] - Q4 2025 total revenue guidance is projected between $159.0 million and $163.0 million, with full year 2025 guidance between $610.0 million and $614.0 million[4] - Revenue is projected to grow to $158.2 million by Q3 2025, indicating a positive trend in sales[37] Customer Metrics - The enterprise customer count increased to 627 in Q3 2025, up 51 from Q3 2024, while total customer count decreased to 3,223, down 415 from Q3 2024[7] - Last 12-month net retention rate (LTM NRR) improved to 106% in Q3 2025 from 104% in Q2 2025[7] Financial Performance - Positive free cash flow of $18.1 million was generated in Q3 2025, compared to $7.1 million of negative free cash flow in Q3 2024[7] - Non-GAAP net income per share for Q4 2025 is expected to be between $0.04 and $0.08, with full year 2025 guidance between $0.03 and $0.07[4] - GAAP net loss per common share is projected to decrease to $0.20 in Q3 2025 from $0.32 in Q2 2024, showing improvement in financial performance[34] Operating Expenses - Operating expenses for Q4 2023 totaled $118,358,000, leading to a loss from operations of $42,584,000[33] - Operating expenses are expected to stabilize around $87.7 million by Q3 2025, showing a focus on cost management[37] Cash Flow and Investments - Free Cash Flow for Q4 2023 was $(21,904) thousand, improving to $18,091 thousand by Q3 2025[42] - Cash flows from operating activities showed a net cash provided of $5,220 thousand in Q4 2024, increasing to $28,924 thousand by Q3 2025[41] - Net cash used in investing activities was $(37,245) thousand in Q4 2023, with a recovery to $70,909 thousand by Q4 2024[41] Product Development and Innovation - The company launched several new products, including API Discovery and DDoS Precise Defense, enhancing security and operational efficiency[6] - Non-GAAP research and development expenses for Q1 2025 are estimated at $30,466, a rise from $27,123 in Q2 2024, indicating increased investment in innovation[34] Stock and Equity - Total stock-based compensation expense for Q4 2023 was $35,447,000, impacting overall operating results[33] - Stock-based compensation decreased from $35,447 thousand in Q4 2023 to $33,129 thousand in Q3 2025[41] - The weighted average diluted common shares are expected to increase to 161,229 by Q3 2025, up from 145,780 in Q1 2025, reflecting potential equity financing or stock option exercises[34] Sustainability and Corporate Responsibility - Fastly's Sustainability Dashboard was introduced, providing customers visibility into the environmental impact of their usage[7] Debt and Liabilities - The company reported a net gain on extinguishment of debt of $15,656,000 in Q4 2023[33] - The company experienced a significant cash outflow of $(113,606) thousand for debt extinguishment in Q4 2023[41] - Long-term debt remained stable, with only a slight decrease from $343,507 in Q4 2023 to $337,614 in Q4 2024[40]

Financial Performance - Third quarter revenue reached $274.2 million, marking a 38% year-over-year growth and exceeding previous guidance, with an annual revenue run-rate surpassing $1 billion[5] - GAAP net loss was $(1.1) billion, influenced by a one-time stock-based compensation expense of $975.7 million due to the initial public offering[5] - Non-GAAP net income was $62.4 million, with a non-GAAP operating margin of 12%[5] - Revenue for the three months ended September 30, 2025, was $274.173 million, a 37.9% increase from $198.639 million in the same period of 2024[23] - Gross profit for the three months ended September 30, 2025, was $190.289 million, compared to $179.936 million in the prior year, reflecting a gross margin improvement[23] - Net loss for the three months ended September 30, 2025, was $1.097 billion, compared to a net loss of $15.598 million in the same quarter of 2024, indicating a substantial increase in losses[23] - GAAP gross profit for Q3 2025 was $190.3 million, up from $179.9 million in Q3 2024, representing a 7.5% increase[29] - Non-GAAP gross profit for Q3 2025 reached $236.9 million, compared to $183.1 million in Q3 2024, marking a 29.4% increase[29] - GAAP net loss for the nine months ended September 30, 2025, was $1.1 billion, compared to a net loss of $829.9 million for the same period in 2024[31] - Non-GAAP net income for Q3 2025 was $62.4 million, up from $47.2 million in Q3 2024, reflecting a 32.5% increase[31] - Free Cash Flow for Q3 2025 was $49.0 million, compared to $60.4 million in Q3 2024, a decrease of 18.5%[32] - Operating Cash Flow Margin for Q3 2025 was 19%, down from 31% in Q3 2024[32] - Non-GAAP operating income for Q3 2025 was $34.0 million, compared to $47.9 million in Q3 2024, indicating a decline of 29.1%[29] - GAAP operating loss for Q3 2025 was $1.1 billion, compared to a loss of $47.3 million in Q3 2024[29] - Non-GAAP gross margin for Q3 2025 was 86%, down from 92% in Q3 2024[29] Customer Metrics - Net Dollar Retention Rate for customers with ARR of $10,000 or more was 131%, up 2 percentage points quarter-over-quarter[5] - The company added over 1,000 Paid Customers with more than $10,000 in ARR during the third quarter, totaling 12,910[5] Future Guidance - Fourth quarter revenue guidance is set between $292.0 million and $294.0 million, implying a 35% year-over-year growth at the midpoint[8] - Full year 2025 revenue outlook is between $1.044 billion and $1.046 billion, indicating a 40% year-over-year growth at the midpoint[8] Product Development - Launched over 50 new features, including AI-driven tools like Copy Design and the Figma App for ChatGPT[8] - Acquired Weavy to enhance generative AI and professional editing capabilities on the Figma platform[8] - Welcomed Loredana Crisan as Chief Design Officer, bringing extensive experience from Meta[8] Stock-Based Compensation - The company reported stock-based compensation of $1.138 billion for the three months ended September 30, 2025, compared to $88.403 million in the same period of 2024[27] - The company reported a significant increase in stock-based compensation expense, totaling $1.1 billion for Q3 2025, compared to $88.4 million in Q3 2024[31] Cash and Assets - Cash and cash equivalents as of September 30, 2025, were $340.485 million, down from $486.954 million as of December 31, 2024[25] - Total assets increased to $2.073 billion as of September 30, 2025, from $1.793 billion as of December 31, 2024[25] - Deferred revenue as of September 30, 2025, was $473.567 million, up from $381.363 million at the end of 2024, indicating growth in future revenue recognition[25] Operating Expenses - Total operating expenses for the three months ended September 30, 2025, were $1.327 billion, significantly higher than $227.272 million in the same period of 2024, primarily due to increased R&D and marketing expenses[23] - Net cash provided by operating activities for the three months ended September 30, 2025, was $51.163 million, a decrease from $61.574 million in the same quarter of 2024[27] - The company had a weighted-average share count of 403.212 million for the three months ended September 30, 2025, compared to 210.768 million in the same period of 2024[23]