Financial Performance - Q2 2025 - Revenue reached $16.5 million, a 13% year-over-year increase[11] - ACV (Annual Contract Value) plus Royalties hit $69.1 million, up 15% year-over-year[9, 11] - Remaining Performance Obligation (RPO) reached $99.3 million, a 28% year-over-year increase[9, 11] - Non-GAAP Gross Profit was $15.0 million, with a 91% margin[11] - Non-GAAP Operating Expenses were $18.6 million, a 10% year-over-year increase[12] - Non-GAAP Operating Loss was $3.5 million, flat year-over-year[12] - Free Cash Flow was negative $2.8 million[13] - Cash, Cash Equivalents & Investments remained at $53.9 million[13] Guidance - Q3 2025 ACV plus Royalties guidance is $69.5 million to $72.5 million[15] - Q3 2025 Revenue guidance is $16.8 million to $17.2 million[15] - FY 2025 ACV plus Royalties guidance is $72 million to $78 million[15] - FY 2025 Revenue guidance is $66 million to $70 million[15]

Financial Performance - Revenue for 1Q 2025 reached $16.5 million, a 28% year-over-year increase[11] - ACV (Annual Contract Value) plus Royalties hit a record high of $66.8 million in 1Q 2025, up 15% year-over-year[9, 11] - Remaining Performance Obligation (RPO) increased to $88.9 million, a 19% year-over-year growth[11] - Non-GAAP gross profit was $15.3 million with a gross margin of 92%[11] - Non-GAAP operating expenses were $18.4 million, an 8% year-over-year increase[12] - Non-GAAP operating loss was $3.2 million, a 40% year-over-year improvement[12] - Free cash flow was $2.7 million, a $2.4 million year-over-year increase[9, 13] - Cash, cash equivalents, and investments totaled $55.1 million[13] Guidance - The company projects 2Q 2025 ACV plus Royalties to be between $66 million and $70 million, and revenue to be between $16.1 million and $16.5 million[15] - The company projects FY 2025 ACV plus Royalties to be between $71 million and $79 million, and revenue to be between $65 million and $71 million[15]