Revenue Growth - Record revenue of $640 million in Q3 2025, representing a 46% year-over-year growth[1] - Total revenue not attributable to Amazon increased by 81% year-over-year, reaching $47.1 million[6] - International revenue hit a record of $53 million, up 72% year-over-year, with strong performance in Europe, Asia-Pacific, and the Middle East[6] - Anticipated full year 2025 revenue growth of 37% and adjusted EBITDA growth of 48%[5] - Projected Q4 2025 revenues in the range of $680 million to $700 million, indicating 32% to 36% growth year-over-year[12] Net Revenue Retention - Net Revenue Retention (NRR) reached 122%, up from 113% in the prior year period[1] EBITDA and Cash Flow - Adjusted EBITDA (non-GAAP) for Q3 2025 was $41 million, an 88% increase year-over-year[6] - Free Cash Flow (non-GAAP) for the trailing twelve months was $71 million, up from $49 million in the prior period[6] - Adjusted EBITDA for the three months ended September 30, 2024, was $21,831 thousand, increasing to $41,054 thousand in 2025, indicating a growth of approximately 88%[28] - Free cash flow for the last twelve months ended September 30, 2024, was $70,775 thousand, compared to $48,586 thousand in 2025, reflecting a decrease of about 31%[29] - Net cash provided by operating activities for the trailing twelve months ended September 30, 2025, was $92 million, compared to $67 million in the prior period[6] - The net cash provided by operating activities increased from $66,509 thousand in 2024 to $92,373 thousand in 2025, representing a growth of approximately 39%[29] Assets and Liabilities - Total assets increased from $664,422 thousand as of December 31, 2024, to $843,109 thousand as of September 30, 2025, representing a growth of approximately 27%[19] - Total current assets rose from $558,082 thousand to $718,085 thousand, an increase of approximately 29%[19] - Total current liabilities increased from $257,699 thousand to $279,022 thousand, a rise of about 8%[19] - The company’s total liabilities increased from $285,097 thousand to $301,736 thousand, reflecting an increase of approximately 6%[19] Cash and Retained Earnings - The company reported a significant increase in cash and cash equivalents from $175,615 thousand to $312,803 thousand, a growth of approximately 78%[19] - The company’s retained earnings were reported at $106,855 thousand as of December 31, 2024, with no retained earnings reported as of September 30, 2025[19] Net Income and Loss - Net loss attributable to common stockholders was $223 million, including a $164 million non-cash deemed dividend related to the IPO[6] - Net income for the three months ended September 30, 2024, was $14,196 thousand, while for the same period in 2025, it showed a loss of $59,059 thousand[28]
Pattern(PTRN) - 2025 Q3 - Quarterly Results