Core Insights - The company reported a total revenue of $342.3 million for the fiscal year 2025, reflecting a 3% increase compared to the previous year [1]. - The Annual Recurring Revenue (ARR) reached $359.1 million, also up by 3% year-over-year, with Enterprise ARR growing by 10% to $287.2 million [1][5]. - The company experienced a loss from operations of $16.2 million, an improvement from a loss of $41.7 million in fiscal year 2024 [11][12]. Financial Performance - Total revenue for Q4 2025 was $89.5 million, a 3% increase from Q4 2024 [5]. - Subscription solutions revenue for the year was $255.6 million, up 3% from the previous year [11]. - Gross Merchandise Volume (GMV) for the year was $31.7 billion, representing a 12% increase compared to fiscal year 2024 [11]. Operational Metrics - The company achieved a Net Revenue Retention (NRR) of 95.2%, slightly up from 95.0% in Q4 2024 [5]. - The number of enterprise accounts increased by 13% to 6,648 [5]. - Average revenue per account (ARPA) for enterprise accounts decreased by 3% to $43,200 [5]. Cash Flow and Liquidity - Operating cash flow for the fiscal year was $27.4 million, compared to $26.3 million in the previous year [12]. - Cash, cash equivalents, restricted cash, and marketable securities totaled $143.0 million as of December 31, 2025 [11]. Business Transformation and Strategy - The CEO highlighted a year of significant business transformation, focusing on efficiency, margin expansion, and realigning investments towards high-impact growth areas [2]. - The company rebranded as Commerce, emphasizing its position in AI-powered commerce solutions [2]. Market and Customer Developments - The company announced new integrations with PayPal and Stripe, enhancing its capabilities in agentic commerce [15]. - Gartner recognized the company as a Challenger in the 2025 Magic Quadrant for Digital Commerce Platforms, indicating its innovative approach [15].