SentinelOne Announces Third Quarter Fiscal Year 2026 Financial Results Revenue increased 23% year-over-year ARR up 23% year-over-year MOUNTAIN VIEW, Calif. – December 4, 2025 – SentinelOne, Inc. (NYSE: S) today announced financial results for the third quarter of fiscal year 2026 ended October 31, 2025. "We continue to demonstrate a strong combination of top-tier growth and margin improvement. Our third-quarter performance underscores the growing demand for our AI-native security platform that combines data ...

Financial Performance - Net sales for the third quarter of fiscal 2025 reached $2,857.6 million, a 12.9% increase from $2,530.1 million in the same period of fiscal 2024[92] - Gross profit for the third quarter of fiscal 2025 was $1,155.7 million, compared to $1,005.6 million in the prior year, reflecting a gross margin improvement[92] - Comparable sales increased by 6.3% in the third quarter of fiscal 2025, compared to a 0.6% increase in the same quarter of fiscal 2024[92] - Operating income for the third quarter of fiscal 2025 was $309.4 million, slightly down from $318.5 million in the same quarter of fiscal 2024[92] - Net income for the third quarter of fiscal 2025 was $230.9 million, compared to $242.2 million in the same period of fiscal 2024[92] - Net sales increased by $327.5 million, or 12.9%, to $2.9 billion for the 13 weeks ended November 1, 2025, compared to $2.5 billion for the same period in 2024[94] - Gross profit rose by $150.0 million, or 14.9%, to $1.2 billion for the 13 weeks ended November 1, 2025, with a gross profit margin of 40.4%[95] - Net income was $230.9 million for the 13 weeks ended November 1, 2025, down from $242.2 million for the same period in 2024[100] - For the 39 weeks ended November 1, 2025, net sales increased by $686.4 million, or 8.8%, to $8.5 billion compared to $7.8 billion for the same period in 2024[101] Expenses and Costs - Selling, general and administrative (SG&A) expenses increased by $158.7 million, or 23.3%, to $840.9 million, representing 29.4% of net sales for the 13 weeks ended November 1, 2025[96] - SG&A expenses for the 39 weeks ended November 1, 2025, increased by $300.3 million, or 15.1%, to $2.3 billion, representing 27.0% of net sales[104] Store Expansion and Operations - The number of stores at the end of the third quarter of fiscal 2025 was 1,500, an increase from 1,437 stores at the end of the same quarter in fiscal 2024[92] - The company opened 58 new stores during the 39 weeks ended November 1, 2025, compared to 57 new stores in the same period in 2024[118] Inventory and Cash Management - Merchandise inventories increased by $378.5 million, or 16.0%, to $2.7 billion as of November 1, 2025[117] - The company had cash and cash equivalents of $204.9 million as of November 1, 2025, compared to $177.8 million as of November 2, 2024[109] Share Repurchase and Debt - The company repurchased 1,658,206 shares at a total cost of $699.1 million during the 39 weeks ended November 1, 2025[126] - As of November 1, 2025, the company had $488.3 million in borrowings outstanding under its credit facility, with a weighted average interest rate of 6.42% for the 39 weeks ended November 1, 2025[130] - The company entered into a credit facility with a maximum revolving loan of $1.0 billion, maturing on March 13, 2029, and requires a minimum fixed charge coverage ratio of 1.0 when availability falls below a specified threshold[127] - As of November 1, 2025, the company had $551.7 million in total outstanding borrowings under its credit facilities, compared to $199.7 million as of November 2, 2024[135] Economic and Market Conditions - The company anticipates that persistent inflation and macroeconomic pressures may negatively impact consumer spending and sales trends for the remainder of fiscal 2025[80] - The company is subject to seasonal fluctuations, with significant sales and profits realized during the fourth quarter due to the holiday season, impacting overall financial performance[132] - A hypothetical 1% increase in interest rates on variable debt would not materially impact the company's operating income for the 39 weeks ended November 1, 2025[136] - The company is exposed to foreign currency exchange rate fluctuations, but this exposure is not material to its financial condition or results of operations[137] Strategic Focus and Growth - The company is expanding its international presence through a joint venture in Mexico and a franchise in the Middle East, along with the acquisition of Space NK in the U.K. and Ireland[74] - The strategic focus areas include assortment, experience, loyalty, and access to enhance customer engagement and drive growth[75] - The company aims to leverage fixed costs and improve merchandise margins to increase long-term operating profit despite incremental investments in new stores and technology[78] Compliance and Credit Facilities - The company maintains compliance with all terms and covenants of its loan agreements as of November 1, 2025[130] - The credit facility includes a $50.0 million subfacility for letters of credit[127] - Space NK, a wholly owned subsidiary, has a multi-currency revolving credit facility of up to £40.0 million, with £63.4 million outstanding as of November 1, 2025, and must maintain an interest coverage ratio of at least 4.0 to 1.0[131]

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-00123 Brown-Forman Corporation (Exact name of Registrant as specified in its Charter) Delaware 61-0143150 (Stat ...

Financial Performance - For the six months ended October 31, 2025, the company reported net sales of $2.0 billion, a decrease of 4% compared to the same period last year[106]. - Gross profit for the same period was $1.2 billion, also down 4%, but gross margin increased by 0.3 percentage points to 59.5%[106]. - Operating income decreased by 9% to $565 million, with operating margin declining by 1.5 percentage points to 28.9%[106]. - Diluted earnings per share for the six months ended October 31, 2025, were $0.83, a decrease of 13% from $0.96 in the prior year[107]. - For the six months ended October 31, 2025, net sales totaled $2.0 billion, a decrease of $86 million, or 4%, driven by unfavorable price/mix[124]. - Gross profit for the six months ended October 31, 2025, totaled $1.2 billion, a decrease of $45 million, or 4%, with gross margin increasing to 59.5% from 59.2%[129]. - Operating expenses for the six months ended October 31, 2025, totaled $602 million, an increase of $13 million, or 2%, primarily driven by the impact of a restructuring initiative[132]. - Operating income for the three months ended October 31, 2025, totaled $305 million, a decrease of $36 million, or 10%, compared to the same period last year, with an operating margin decrease of 1.7 percentage points to 29.4%[134]. - For the six months ended October 31, 2025, operating income was $565 million, down $57 million, or 9%, with an operating margin decrease of 1.5 percentage points to 28.9%[135]. - The effective tax rate for the three months ended October 31, 2025, increased to 20.2% from 17.6% year-over-year, primarily due to unfavorable prior fiscal year true-ups[136]. - Diluted earnings per share for the three months ended October 31, 2025, decreased 14% to $0.47, driven by the decrease in operating income[138]. Market Performance - The United States market experienced a 9% decline in net sales, primarily due to the end of the Korbel relationship and the absence of the Sonoma-Cutrer brand[112]. - Emerging markets saw a 10% increase in net sales, with Mexico growing by 17% and Brazil by 22%[112]. - Canada's net sales declined 62% due to volumetric declines in the American whiskey portfolio and JD RTDs, attributed to the absence of American-made beverage alcohol from retail shelves in most provinces[116]. - Mexico's net sales increased 17%, driven by higher volumes and prices of New Mix, although tequila sales declined as consumer preferences shifted to lower-priced products[116]. - Brazil's net sales increased 22%, reflecting higher volumes of JDTA and JDTW, supported by continued distribution expansion and favorable retailer ordering patterns[116]. - Net sales for JDTA increased 16%, primarily due to growth in Brazil and favorable timing of retailer ordering patterns[119]. - Net sales for the Rest of Whiskey increased 54%, driven by the launch of JDTB and growth of The GlenDronach, benefiting from an estimated net increase in distributor inventories in the United States[122]. - Non-branded and bulk's net sales decreased 61%, driven by the decline of used barrel sales as demand and pricing adjusted to current market conditions[121]. - New Mix net sales increased 28%, driven by strong growth in Mexico with market share gains in a growing category[120]. Corporate Actions - Brown-Forman reported a gain of $12 million from the sale of the Alabama cooperage in the first quarter of fiscal 2025[85]. - The company recognized a $13 million franchise tax refund in the first quarter of fiscal 2025 due to a change in tax calculation methodology[86]. - A restructuring initiative was approved, resulting in a workforce reduction of approximately 12% and incurring $16 million in related charges during the first and second quarters of fiscal 2026[87]. - The company ended its sales, marketing, and distribution relationship with Korbel Champagne Cellars effective June 30, 2025, impacting net sales and operating income for the non-comparable period[94]. - Brown-Forman acquired Gin Mare Brand, S.L.U. during fiscal 2023, which included adjustments for fair value changes to contingent consideration liabilities[83]. - The divestiture of Finlandia vodka and Sonoma-Cutrer wine businesses occurred in fiscal 2024, with related transition services agreements impacting financial results[84]. - The company reported a net benefit of $18 million related to the collection of substitution drawback claims filed with the U.S. Government[89]. - Organic changes in financial measures are adjusted for acquisitions, divestitures, and foreign exchange to provide a clearer view of performance[83]. - The company underwent a restructuring initiative, reducing its workforce by approximately 12% and closing the Brown-Forman Cooperage, which negatively impacted operating expenses[104]. - The transition of portfolio distribution in California and 13 additional markets positively impacted net sales in the first quarter of fiscal 2026[105]. - The company divested the Sonoma-Cutrer wine business, which negatively affected net sales and operating income but improved gross margin[102]. - The company anticipates organic net sales and organic operating income to decline in the low-single digit range for fiscal 2026[142]. - Estimated capital expenditures for fiscal 2026 have been updated to a range of $110 to $120 million, down from $125 to $135 million[141]. - Cash provided by operating activities for the six months ended October 31, 2025, was $292 million, an increase of $163 million from the same period last year[149]. - Cash used for financing activities during the six months ended October 31, 2025, was $399 million, compared to $129 million in the same prior-year period, reflecting increased net repayments of short-term borrowings and share repurchases[151]. - The company repurchased 226,600 Class A shares and 3,292,906 Class B shares in October 2025, totaling $99 million, with approximately $134 million remaining available under the repurchase program[154]. Economic Environment - The operating environment remains challenging due to macroeconomic uncertainties, impacting consumer confidence and discretionary spending[106]. - Advertising expense was flat for the three months ended October 31, 2025, while SG&A expense was also flat, reflecting a balance between increased investment in campaigns and lower spending across the portfolio[133].

ULTA BEAUTY ANNOUNCES THIRD QUARTER FISCAL 2025 RESULTS Net Sales Increased 12.9% to $2.9 Billion Compared to $2.5 Billion in the Prior Year Quarter Comparable Sales Increased 6.3% Net Income was $230.9 Million or $5.14 Per Diluted Share Company Increases Fiscal 2025 Guidance Bolingbrook, IL – December 4, 2025 – Ulta Beauty, Inc. (NASDAQ: ULTA) today announced consolidated financial results for the thirteen-week period ("third quarter") and thirty-nine-week period ("first nine months") ended November 1, 202 ...

Financial Performance - Revenue for Q3 fiscal 2026 was $818.4 million, an 8% year-over-year increase, with subscription revenue at $801.0 million, a 9% increase [6]. - Billings for Q3 were $829.5 million, a 10% year-over-year increase [6]. - GAAP net income per diluted share was $0.40, compared to $0.30 in the same period last year [6]. - Free cash flow for Q3 was $262.9 million, up from $210.7 million in the same period last year [6]. - Total revenue for the three months ended October 31, 2025, was $818.35 million, a 8.4% increase from $754.82 million in the same period of 2024 [29]. - Subscription revenue reached $800.96 million, up 9.0% from $734.69 million year-over-year [29]. - Operating income for the three months ended October 31, 2025, was $85.36 million, an increase of 44.5% from $59.03 million in the prior year [29]. - Net income for the three months ended October 31, 2025, was $83.73 million, compared to $62.42 million in the same period of 2024, reflecting a year-over-year increase of 34.2% [29]. - Free cash flow for the nine months ended October 31, 2025, was $787.79 million, indicating strong liquidity after capital expenditures [23]. - Total revenue for the nine months ended October 31, 2025, reached $2,382,640,000, up from $2,200,487,000 in the same period of 2024, indicating an increase of approximately 8.3% [45]. Cash Flow and Assets - Cash and cash equivalents decreased to $583.29 million from $648.62 million at the beginning of the year [31]. - Total assets as of October 31, 2025, were $3.98 billion, a slight decrease from $4.01 billion as of January 31, 2025 [31]. - Total cash provided by operating activities for the nine months ended October 2025 was $787,786, compared to $709,360 for the same period in 2024, indicating a growth of 11.0% [43]. Operating Expenses and Margins - Total operating expenses for the three months ended October 31, 2025, were $562.45 million, up from $539.25 million in the same period of 2024 [29]. - GAAP operating margin improved to 10.4% in Q3 2025 from 7.8% in Q3 2024 [40]. - Non-GAAP operating margin for Q3 2025 was 31.4%, compared to 29.6% in Q3 2024, showing an increase of 1.8 percentage points [40]. Customer and Product Developments - Docusign surpassed 25,000 customers on its AI-native IAM platform, with approximately 150 million opted-in agreements in the Docusign Navigator repository [4]. - Docusign achieved FedRAMP Moderate and GovRAMP authorization in Q3, expanding its identity portfolio [11]. - Docusign Navigator is now available in Brazilian-Portuguese and Spanish, and in Japan [11]. - The company announced new integrations with ChatGPT and other AI platforms at the Docusign Discover'25 developer event [7]. - Docusign received the Salesforce Partner Innovation Award for its Docusign for Agentforce solution during Dreamforce [11]. Profitability Metrics - Gross profit for the three months ended October 31, 2025, was $647.80 million, representing a gross margin of 79.2% compared to 79.3% in the same period of 2024 [29]. - GAAP gross profit for Q3 2025 was $647,804, an increase from $598,283 in Q3 2024, representing a growth of 8.5% [37]. - Non-GAAP gross profit for Q3 2025 reached $669,489, compared to $622,370 in Q3 2024, reflecting a year-over-year increase of 7.6% [37]. - GAAP subscription gross profit for Q3 2025 was $650,586, an increase from $600,106 in Q3 2024, reflecting an 8.4% growth [37]. - Non-GAAP subscription gross margin for Q3 2025 was 83.4%, compared to 84.3% in Q3 2024, showing a slight decline of 0.9 percentage points [37]. Contract Liabilities and Receivables - Contract liabilities and refund liability at the end of the period for October 31, 2025, were $1,479,491,000, compared to $1,332,828,000 at the end of October 31, 2024, showing a growth of about 11.0% [45]. - Contract assets and unbilled accounts receivable at the beginning of the period for October 31, 2025, were $13,824,000, down from $17,461,000 at the beginning of the same period in 2024 [45]. - The total contract assets and unbilled accounts receivable at the end of the period for October 31, 2025, were $13,588,000, compared to $18,341,000 at the end of the same period in 2024 [45]. - The company experienced a decrease in contract assets and unbilled accounts receivable at the end of the period, indicating potential challenges in revenue recognition [45].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40528 Sprinklr, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware (State or other Jurisdiction of Incorpor ...

Financial Performance - Subscription ARR grew 34% year-over-year to $1.35 billion as of October 31, 2025[5] - Total revenue increased 48% year-over-year to $350.2 million, with subscription revenue at $336.4 million, a 52% increase from $221.5 million in Q3 FY 2025[6] - Total revenue for the three months ended October 31, 2025, was $350,166,000, representing a 48.2% increase from $236,178,000 in the same period of 2024[29] - Subscription revenue for the nine months ended October 31, 2025, reached $899,008,000, up 53.6% from $585,021,000 in the prior year[29] - Gross profit for the three months ended October 31, 2025, was $282,029,000, compared to $180,032,000 for the same period in 2024, indicating a gross margin improvement[29] - Non-GAAP total gross profit for the nine months ended October 31, 2025, reached $766,853, compared to $485,949 in the same period of 2024, reflecting a 57.8% growth[35] - GAAP total gross margin improved to 81% in Q3 2025 from 76% in Q3 2024, while non-GAAP total gross margin increased to 83% from 79%[35] Cash Flow and Financial Position - Free cash flow reached over $76 million, compared to $15.6 million in Q3 FY 2025[6] - Cash and cash equivalents increased to $307,100,000 as of October 31, 2025, from $186,331,000 at the beginning of the year[31] - The company reported a net cash provided by operating activities of $189,863,000 for the nine months ended October 31, 2025, compared to a cash outflow of $35,369,000 in the prior year[33] - Proceeds from the issuance of convertible senior notes amounted to $1,129,875,000, contributing to the company's financing activities[33] - The company reported a net cash used in investing activities of $(109,760) for Q3 2025, compared to $(72,139) in Q3 2024[37] Customer Growth and Market Position - The number of customers with $100K or more in subscription ARR increased by 27% year-over-year to 2,638[6] - Deferred revenue increased to $968,167,000 as of October 31, 2025, compared to $777,135,000 at the beginning of the year, indicating strong future revenue potential[31] Guidance and Outlook - Fourth quarter revenue guidance is between $341 million and $343 million[11] - Full year 2026 revenue outlook is projected between $1,280 million and $1,282 million[11] - Non-GAAP net loss per share for Q4 FY 2026 is expected to be between $(0.12) and $(0.10)[11] Operational Efficiency - Operating expenses for the nine months ended October 31, 2025, totaled $1,009,365,000, down from $1,439,068,000 in the previous year, reflecting a reduction in costs[29] - Non-GAAP operating expenses for the nine months ended October 31, 2025, were $1,014,253, compared to $887,818 in 2024, reflecting a 14.3% increase[37] - Operating cash flow margin improved to 24% in Q3 2025 from 10% in Q3 2024, indicating enhanced operational efficiency[37] Loss and Margin Improvement - Net loss for the nine months ended October 31, 2025, was $261,862,000, a decrease from $1,039,931,000 in the same period of 2024[29] - Non-GAAP net income for Q3 2025 was $22,853, compared to a loss of $37,782 in Q3 2024, showing a positive turnaround[36] - GAAP net loss per share for Q3 2025 was $(0.32), an improvement from $(0.71) in Q3 2024[36] - GAAP gross margin improved to 80.5%, up from 76.2% in Q3 FY 2025[6] Product Development and Partnerships - Launched Rubrik Agent Cloud to enhance Enterprise AI Agent adoption and risk management[6] - Expanded partnership with CrowdStrike to improve identity security and resilience against cyber threats[11]

Financial Performance - Q2 net sales were $124.7 million, a decrease of $5.0 million, or 3.9%, from the comparable quarter last year[6] - Q2 gross margin was 24.3%, down from 26.6% in the comparable quarter last year[6] - Q2 net income was $1.9 million, or $0.04 per diluted share, compared to $4.5 million, or $0.10 per diluted share, for the comparable quarter last year[6] - Adjusted EBITDAS for Q2 was $15.1 million, or 12.1% of net sales, compared to $19.1 million, or 15.0% of net sales, for the comparable quarter last year[6] - GAAP net sales for the three months ended October 31, 2025, were $124,670,000, a decrease from $129,679,000 in the same period of 2024, representing a decline of approximately 1.0%[19] - Non-GAAP net sales for the six months ended October 31, 2025, were $209,748,000, compared to $213,800,000 in 2024, reflecting a decrease of about 1.5%[19] - The company reported a GAAP gross profit of $30,349,000 for the three months ended October 31, 2025, which is 24.3% of sales, down from 26.6% in the same period of 2024[19] - Non-GAAP adjusted EBITDAS for the six months ended October 31, 2025, was $23,184,000, down from $29,287,000 in the same period of 2024, indicating a margin of 11.1%[21] Cash Flow and Investments - Operating cash flow for Q2 was over $27 million, an increase of $34.7 million over the comparable quarter last year[6] - Operating cash flows for the six months ended October 31, 2025, provided $19,158,000, a significant improvement from cash used of $38,212,000 in the prior year[17] - Free cash flow for the six months ended October 31, 2025, was $3,877,000, compared to a negative free cash flow of $46,216,000 in the same period of 2024[22] - The company’s net cash used in investing activities for the six months ended October 31, 2025, was $19,859,000, compared to $7,879,000 in the prior year[17] - The company’s net cash provided by financing activities for the six months ended October 31, 2025, was a net outflow of $2,099,000, contrasting with a net inflow of $24,345,000 in the same period of 2024[17] Product and Sales Strategy - New products accounted for 38.7% of sales in the quarter, highlighting the success of the innovation strategy[4] - Distributor inventory declined by over 5% from the end of the prior quarter and by 15% compared to the end of October 2024, indicating positive sell-through at retail[4] - The company expects Q3 sales to be 8-10% higher than Q3 fiscal 2025 sales, with no significant impact from channel inventory[4] Dividends and Assets - A quarterly dividend of $0.13 per share has been authorized, to be paid on January 2, 2026[4] - Total assets as of October 31, 2025, were $548.6 million, a decrease from $559.6 million as of April 30, 2025[13] Losses and Expenses - For the six months ended October 31, 2025, the company reported a net loss of $1,494,000 compared to a net income of $2,691,000 for the same period in 2024[17] - The company incurred stock-based compensation expenses of $3,990,000 for the six months ended October 31, 2025, compared to $3,722,000 in the same period of 2024[17]

Financial Performance - Gross transaction volume (GTV) for Q3 2026 reached $21.7 billion, a year-over-year growth of 22% compared to $17.8 billion in Q3 2025[3] - Total revenue for Q3 2026 was $249.2 million, reflecting a 25% increase from $199.3 million in Q3 2025[3] - Non-GAAP income from operations for Q3 2026 was $21.5 million, significantly up from $1.6 million in Q3 2025, resulting in a non-GAAP operating margin of 8.6%[3] - The platform revenue for Q3 2026 was $239.6 million, a 25% increase from $191.2 million in Q3 2025[3] - The company expects total revenue for Q4 2026 to be between $244 million and $246 million, and for the full fiscal year 2026, total revenue is projected to be between $951 million and $953 million[4] - Non-GAAP income from operations for Q4 2026 is anticipated to be between $16 million and $17 million, with full fiscal year 2026 expected to be between $83 million and $84 million[4] Cash Flow and Assets - Net cash provided by operating activities for Q3 2026 was $43.8 million, compared to $15.5 million in Q3 2025[3] - Total current assets increased to $644,012 thousand as of October 31, 2025, up from $572,766 thousand as of January 31, 2025, representing a growth of 12.4%[16] - Net cash provided by operating activities for the three months ended October 31, 2025, was $43,780 thousand, compared to $15,534 thousand for the same period in 2024, indicating a significant increase of 182.5%[18] - Cash and cash equivalents rose to $493,238 thousand as of October 31, 2025, compared to $441,802 thousand as of January 31, 2025, marking an increase of 11.6%[16] - The company reported a net change in cash, cash equivalents, and restricted cash of $21,753 thousand for the three months ended October 31, 2025, compared to $5,710 thousand for the same period in 2024, showing an increase of 281.5%[18] Profitability Metrics - GAAP gross profit for the three months ended October 31, 2025, was $185,055,000, compared to $138,986,000 for the same period in 2024, representing a year-over-year increase of 33.2%[26] - Non-GAAP gross profit for the three months ended October 31, 2025, was $192,119,000, up from $147,342,000 in 2024, indicating a growth of 30.4%[26] - GAAP gross margin improved to 77.2% in Q3 2025 from 72.7% in Q3 2024, while non-GAAP gross margin increased to 80.2% from 77.1% in the same period[26] - Non-GAAP net income for the three months ended October 31, 2025, was $23,814,000, compared to a loss of $1,148,000 for the same period in 2024[33] - Non-GAAP net income for the nine months ended October 31, 2025, was $74,556,000, significantly up from $9,081,000 in 2024[33] Expenses - GAAP sales and marketing expense for the three months ended October 31, 2025, was $78,270,000, an increase from $67,795,000 in 2024[29] - Non-GAAP research and development expense for the three months ended October 31, 2025, was $63,647,000, compared to $54,016,000 in 2024, showing a rise of 17.5%[30] - Non-GAAP general and administrative expense for the three months ended October 31, 2025, was $33,960,000, up from $28,189,000 in 2024, indicating a 20.0% increase[31] - Stock-based compensation expense for the three months ended October 31, 2025, was $49,660 thousand, up from $25,426 thousand in the same period of 2024, representing a substantial increase of 95.2%[18] Losses and Liabilities - The company reported a GAAP loss from operations of $42.2 million in Q3 2026, an improvement from a loss of $44.0 million in Q3 2025[3] - Net loss for the three months ended October 31, 2025, was $39,527 thousand, an improvement from a net loss of $46,460 thousand for the same period in 2024, reflecting a decrease of 14.3%[18] - Total liabilities decreased slightly to $311,651 thousand as of October 31, 2025, from $314,064 thousand as of January 31, 2025, a reduction of 0.8%[16] - The company incurred $19,781 thousand in cash outflows for business acquisitions during the three months ended October 31, 2025[18] Operational Focus - ServiceTitan continues to focus on leveraging competitive advantages to enhance automation in the trades industry[2]