Revenue

Increased by 8.6% from $172.448M (Q1 FY25) to $187.267M (Q1 FY26)

Revenue growth is driven by strong customer acquisition and product innovation initiatives (including AI Studio) that build on previous improvements like the addition of new paying customers and a shift toward higher-priced subscription plans. " " "

Gross Profit

Increased by 8.7% from $154.644M (Q1 FY25) to $168.040M (Q1 FY26)

The rise in gross profit reflects both higher revenues and enhanced cost controls. This improvement ties to prior period trends of scaling revenue with an efficient cost structure and a healthier subscription mix, which was also a key driver in earlier fiscal periods. " " "

Operating Loss

Improved by roughly 33.7%, from $(66.169)M (Q1 FY25) to $(43.904)M (Q1 FY26)

A significant reduction in operating loss is attributed to disciplined expense management and operational efficiencies, including lower proportionate increases in R&D, sales, and marketing expenses relative to revenue growth. This builds on past strategies where cost increases were partly offset by revenue gains, leading to marginally improved margins. " " " "

Net Loss

Narrowed by 37%, from $(63.722)M (Q1 FY25) to $(40.018)M (Q1 FY26)

Net loss improvement is driven by higher revenue generation and better control of operating expenses along with reduced non-cash charges. This mirrors previous fiscal efforts where revenue growth helped mitigate rising costs, leading to a smaller net loss year-over-year. " " " "

Operating Cash Flow

Turned positive at $6.764M in Q1 FY26 compared to negative $(1.898)M in Q1 FY25

The transformation in operating cash flow stems from improved cash collections (e.g., a decrease in accounts receivable), a reduction in net loss, and more effective working capital management. This reversal of prior period challenges indicates enhanced operational efficiency. " "

Balance Sheet

Stable: Cash at $193.791M; Total Assets at $877.133M; Total Liabilities at $640.829M (Q1 FY26)

The balance sheet stability reflects consistent liquidity and capitalization management. Despite earlier challenges like reduced cash in previous periods, the current period shows maintained levels of cash, assets, and liabilities, underscoring effective asset management and debt control practices that build on the company's historical financial discipline. "