1Q26 Financial Results October 29, 2025 DISCLAIMER Non - GAAP Financial Measures This presentation includes certain financial measures that are not presented in accordance with generally accepted accounting principles in the United States ("GAAP "),such as, among other things, Non - GAAP Gross Profit, Non - GAAP EPS, Free Cash Flow, Non - GAAP Gross Margin, Non - GAAP Operating Margin, Net Cash (Debt), Non - GAAP Operating Income (Loss), EBITDA, Non - GAAP Net Income (Loss), Non - GAAP Operating Expense, Gr ...

Financial Performance Highlights - Total revenue for FY25 reached $1.14 billion[9], a sequential growth led by APAC and EMEA regions[7] - Non-GAAP Gross Profit for FY25 was $717 million[9], resulting in a Non-GAAP Gross Margin of 62.9%[9] - Non-GAAP Operating Margin for FY25 was 14.2%[9], with Non-GAAP EBITDA reaching $175 million[9] - Non-GAAP EPS for FY25 was $0.84[9] - The company's cash position grew to $232 million[7], with net cash reaching $52 million[7, 9] Recurring Revenue and SaaS Growth - Recurring revenue reached $109 million in 4Q25, up 8% sequentially and year-over-year[7] - SaaS ARR reached $208 million, up 24% year-over-year[7, 9] - Total deferred recurring revenue reached $606 million, up 9% year-over-year[7] - Recurring revenue accounted for 36% of total revenue[9] Bookings and Customer Acquisition - The company repurchased 1.5 million shares for $25 million[7] - The company acquired 168 large customers with over $1 million in bookings during the fiscal year[9] - Government and Education sectors contributed approximately 40% of the total bookings[12] Q1 2026 (1Q26) Financial Guidance - The company projects revenue between $292 million and $300 million[53] - The company projects Non-GAAP gross margin between 61.9% and 62.3%[53] - The company projects Non-GAAP operating margin between 12.7% and 14.5%[53] - The company projects Non-GAAP EPS between $0.20 and $0.23[53]