Financial Performance - Q2 2025 revenue increased by 15% year-over-year[11], and up 12% year-to-date[11] - Q2 revenue increased 11% on a trailing twelve month (TTM) basis[11] - Non-GAAP gross margins were 80.0% in Q2 2025[11] - GAAP EPS was $0.14, compared to $0.13 in Q2 2024[11] - Non-GAAP EPS was $0.21, compared to $0.18 in Q2 2024[11] - Adjusted EBITDA increased from $15.5 million in Q2 2024 to $19.7 million in Q2 2025[16] Revenue Breakdown - Enterprise revenue increased 8% on a TTM basis[11] - Service provider revenue increased 14% on a TTM basis[11] - Service Provider revenue increased from $33.4 million in Q2 2024 to $41.6 million in Q2 2025[20] - In Q2 2025, Americas accounted for 59% of revenue, APJ 26%, and EMEA 15%, with total revenue of $69.4 million[22] Balance Sheet - Cash and cash equivalents were $252.9 million as of June 30, 2025[34] - Marketable securities were $114.5 million as of June 30, 2025[34] - Long-term debt was $218.1 million as of June 30, 2025[34]

Financial Performance - Q1 2025 revenue increased by 9% year-over-year[9] - Enterprise revenue was up 18%[9] - Service provider revenue increased by 3%[9] - Non-GAAP gross margins were 80.9% in Q1 2025[9] - Non-GAAP EPS was $0.20, compared to $0.17 in Q1 2024[9] - Q1 2025 revenue reached $66.1 million, compared to $60.7 million in Q1 2024[11, 13] - Adjusted EBITDA for Q1 2025 was $19.5 million, compared to $13.9 million in Q1 2024[13, 15] Balance Sheet - Cash and cash equivalents totaled $243.8 million as of March 31, 2025, compared to $95.1 million as of December 31, 2024[23] - Marketable securities were $112.0 million as of March 31, 2025, compared to $100.4 million as of December 31, 2024[23] - Long-term debt was $217.7 million[23] Revenue by Geography - Americas accounted for 51% of revenue in Q1 2025[18] - APJ (Asia Pacific and Japan) accounted for 28% of revenue in Q1 2025[18] - EMEA (Europe, Middle East, and Africa) accounted for 21% of revenue in Q1 2025[18]