Updated May 8, 2025, 11:06 PM UTC
Income Statement - Metric | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SaaS Revenue (USD, thousands) | 45,260.00 | 160,961 | 51,311 | 53,643 | 60,866 | 64,847.00 | 230,667 | - | |||||||||
Term license and support Revenue (USD, thousands) | 12,270.00 | 52,744 | 10,005 | 10,983 | 14,140 | 9,432.00 | 44,560 | - | |||||||||
Services Revenue (USD, thousands) | 13,788.00 | 44,795 | 10,481 | 10,517 | 10,810 | 12,228.00 | 44,036 | - | |||||||||
Maintenance Revenue (USD, thousands) | 3,306.00 | 13,325 | 2,737 | 2,818 | 2,988 | 2,676.00 | 11,219 | - | |||||||||
Total Revenue (USD, thousands) | 74,624.00 | 271,825 | 74,534 | 77,961 | 88,804 | 89,183.00 | 330,482 | - | |||||||||
SaaS Cost of Revenue (USD, thousands) | 9,338.00 | 35,924 | 9,770 | 9,745 | 10,624 | 11,405.00 | 41,544 | - | |||||||||
Term license and support Cost of Revenue (USD, thousands) | 505.00 | 1,946 | 416 | 413 | 373 | 382.00 | 1,584 | - | |||||||||
Services Cost of Revenue (USD, thousands) | 9,576.00 | 38,807 | 10,073 | 8,647 | 10,057 | 9,980.00 | 38,757 | - | |||||||||
Maintenance Cost of Revenue (USD, thousands) | 199.00 | 783 | 183 | 137 | 167 | 154.00 | 641 | - | |||||||||
Total Cost of Revenue (USD, thousands) | 19,618.00 | 77,460 | 20,442 | 18,942 | 21,221 | 21,921.00 | 82,526 | - | |||||||||
Gross Profit (USD, thousands) | 55,006.00 | 194,365 | 54,092 | 59,019 | 67,583 | 67,262.00 | 247,956 | - | |||||||||
Sales and marketing Operating Expenses (USD, thousands) | 29,127.00 | 112,105 | 29,939 | 30,470 | 30,050 | 32,410.00 | 122,869 | - | |||||||||
General and administrative Operating Expenses (USD, thousands) | 15,592.00 | 61,271 | 16,868 | 18,184 | 17,043 | 17,127.00 | 69,222 | - | |||||||||
Research and development Operating Expenses (USD, thousands) | 9,409.00 | 36,340 | 10,486 | 12,503 | 12,838 | 12,872.00 | 48,699 | - | |||||||||
Total Operating Expenses (USD, thousands) | 54,128.00 | 209,716 | 57,293 | 61,157 | 59,931 | 62,409.00 | 240,790 | - | |||||||||
Income (loss) from Operations (USD, thousands) | 878.00 | (15,351) | (3,201) | (2,138) | 7,652 | 4,853.00 | 7,166 | - | |||||||||
Other expense, net (USD, thousands) | (1,353.00) | 3,263 | (3,404) | (6,970) | (4,541) | (16,650.00) | (31,565) | - | |||||||||
Income (loss) before Income Taxes (USD, thousands) | (809.00) | (18,614) | 203 | (9,108) | 3,111 | (18,605.00) | (24,399) | - | |||||||||
Income Tax Expense (USD, thousands) | (5,245.00) | 2,887 | 2,157 | 3,830 | 183 | (1,427.00) | 4,743 | - | |||||||||
Net income (loss) (USD, thousands) | 4,436.00 | (21,501) | (1,954) | (12,938) | 2,928 | (17,178.00) | (29,142) | - | |||||||||
Net income (loss) attributable to noncontrolling interest (USD, thousands) | (167.00) | (224) | (238) | (129) | 308 | 7.00 | (52) | - | |||||||||
Net income (loss) available to common shareholders (USD, thousands) | 4,269.00 | (21,725) | (1,716) | (12,809) | 2,620 | (17,185.00) | (29,090) | - | |||||||||
Basic earnings (loss) per share (USD) | 0.02 | (0.12) | (0.01) | (0.07) | 0.01 | (0.09) | (0.16) | - | |||||||||
Diluted earnings (loss) per share (USD) | 0.02 | (0.12) | (0.01) | (0.07) | 0.01 | (0.09) | (0.16) | - | |||||||||
Basic weighted average shares outstanding (shares) | (365,645.00) | 182,257 | 181,495 | 182,804 | 183,946 | (364,524.00) | 183,721 | - | |||||||||
Diluted weighted average shares outstanding (shares) | (365,645.00) | 182,257 | 181,495 | 182,804 | 203,859 | (384,437.00) | 183,721 | - | |||||||||
Balance Sheet - Metric | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
Cash and cash equivalents (USD, thousands) | 223,162 | 223,162 | 215,489 | - | - | - | - | - | |||||||||
Short-term investments (USD, thousands) | 3,721 | 3,721 | 3,795 | - | - | - | - | - | |||||||||
Accounts receivable, net (USD, thousands) | 85,877 | 85,877 | 73,404 | - | - | - | - | - | |||||||||
Prepaid expenses and other current assets (USD, thousands) | 12,824 | 12,824 | 11,037 | - | - | - | - | - | |||||||||
Total current assets (USD, thousands) | 325,584 | 325,584 | 303,725 | - | - | - | - | - | |||||||||
Property and equipment, net (USD, thousands) | 5,118 | 5,118 | 4,906 | - | - | - | - | - | |||||||||
Goodwill (USD, thousands) | 19,156 | 19,156 | 18,692 | - | - | - | - | - | |||||||||
Intangible assets, net (USD, thousands) | 10,546 | 10,546 | 10,165 | - | - | - | - | - | |||||||||
Operating lease right-of-use assets (USD, thousands) | 13,908 | 13,908 | 12,887 | - | - | - | - | - | |||||||||
Deferred contract costs (USD, thousands) | 54,675 | 54,675 | 52,595 | - | - | - | - | - | |||||||||
Other assets (USD, thousands) | 13,595 | 13,595 | 10,848 | - | - | - | - | - | |||||||||
Total assets (USD, thousands) | 442,582 | 442,582 | 413,818 | - | - | - | - | - | |||||||||
Accounts payable (USD, thousands) | 1,384 | 1,384 | 7,347 | - | - | - | - | - | |||||||||
Accrued expenses and other liabilities (USD, thousands) | 53,766 | 53,766 | 40,917 | - | - | - | - | - | |||||||||
Current portion of deferred revenue (USD, thousands) | 121,515 | 121,515 | 115,197 | - | - | - | - | - | |||||||||
Total current liabilities (USD, thousands) | 176,665 | 176,665 | 163,461 | - | - | - | - | - | |||||||||
Long-term operating lease liabilities (USD, thousands) | 9,383 | 9,383 | 8,121 | - | - | - | - | - | |||||||||
Long-term portion of deferred revenue (USD, thousands) | 7,741 | 7,741 | 7,372 | - | - | - | - | - | |||||||||
Earn-out shares liabilities (USD, thousands) | 18,346 | 18,346 | 17,140 | - | - | - | - | - | |||||||||
Other non-current liabilities (USD, thousands) | 5,603 | 5,603 | 4,976 | - | - | - | - | - | |||||||||
Total liabilities (USD, thousands) | 217,738 | 217,738 | 201,070 | - | - | - | - | - | |||||||||
Redeemable noncontrolling interest (USD, thousands) | 6,038 | 6,038 | - | - | - | - | - | - | |||||||||
Total mezzanine equity (USD, thousands) | 6,038 | 6,038 | - | - | - | - | - | - | |||||||||
Common stock (USD, thousands) | 18 | 18 | 19 | - | - | - | - | - | |||||||||
Additional paid-in capital (USD, thousands) | 667,881 | 667,881 | 677,926 | - | - | - | - | - | |||||||||
Treasury stock (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
Accumulated other comprehensive income (USD, thousands) | 3,196 | 3,196 | 2,693 | - | - | - | - | - | |||||||||
Accumulated deficit (USD, thousands) | (460,496) | (460,496) | (469,517) | - | - | - | - | - | |||||||||
Noncontrolling interest (USD, thousands) | 8,207 | 8,207 | 1,627 | - | - | - | - | - | |||||||||
Total stockholders’ equity (USD, thousands) | 218,806 | 218,806 | 212,748 | - | - | - | - | - | |||||||||
Total liabilities, mezzanine equity, and stockholders’ equity (USD, thousands) | 442,582 | 442,582 | 413,818 | - | - | - | - | - | |||||||||
Cash Flow - Metric | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
Net loss (USD, thousands) | 4,436.00 | (21,501) | (1,954) | (12,938.00) | - | - | (29,142) | - | |||||||||
Depreciation and amortization (USD, thousands) | 1,248.00 | 4,687 | 1,295 | 1,328.00 | - | - | 5,382 | - | |||||||||
Operating lease right-of-use assets expense (USD, thousands) | 940.00 | 6,234 | 1,420 | 1,714.00 | - | - | 6,270 | - | |||||||||
Foreign currency remeasurement loss (USD, thousands) | - | - | 580 | 582.00 | - | - | 866 | - | |||||||||
Stock-based compensation (USD, thousands) | 9,073.00 | 36,048 | 9,458 | 10,538.00 | - | - | 39,059 | - | |||||||||
Deferred income taxes (USD, thousands) | (624.00) | (864) | (72) | (85.00) | - | - | 498 | - | |||||||||
Other (Operating activities) (USD, thousands) | 343.00 | 1,068 | (146) | 101.00 | - | - | (67) | - | |||||||||
Change in value of earn-out and warrant liabilities (USD, thousands) | 4,533.00 | 11,454 | (1,490) | 8,670.00 | - | - | 37,276 | - | |||||||||
Accounts receivable (Changes in operating assets and liabilities) (USD, thousands) | (14,815.00) | (19,448) | 10,933 | (5,569.00) | - | - | (4,898) | - | |||||||||
Prepaid expenses and other current assets (Changes in operating assets and liabilities) (USD, thousands) | (4,436.00) | (2,773) | 1,718 | 3,361.00 | - | - | (3,350) | - | |||||||||
Deferred contract costs and other assets (Changes in operating assets and liabilities) (USD, thousands) | (2,050.00) | (7,687) | 4,447 | (954.00) | - | - | (8,482) | - | |||||||||
Accounts payable, accrued expenses and other current liabilities, operating lease liabilities and other liabilities (Changes in operating assets and liabilities) (USD, thousands) | 5,940.00 | 609 | (14,293) | 4,836.00 | - | - | 16,046 | - | |||||||||
Deferred revenue (Changes in operating assets and liabilities) (USD, thousands) | 17,585.00 | 26,867 | (4,140) | 4,574.00 | - | - | 29,436 | - | |||||||||
Net cash provided by (used in) operating activities (USD, thousands) | 21,410.00 | 34,694 | 7,756 | 16,158.00 | - | - | 88,894 | - | |||||||||
Maturities of investments (Investing activities) (USD, thousands) | 1,328.00 | 2,620 | 240 | 953.00 | - | - | 5,353 | - | |||||||||
Purchases of investments (Investing activities) (USD, thousands) | (1,447.00) | (3,497) | (389) | (1,016.00) | - | - | (1,819) | - | |||||||||
Cash paid in business combinations and asset acquisitions, net of cash acquired (Investing activities) (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
Capitalization of internal-use software (Investing activities) (USD, thousands) | (446.00) | (1,434) | (391) | (338.00) | - | - | (1,211) | - | |||||||||
Purchase of property and equipment (Investing activities) (USD, thousands) | (609.00) | (2,087) | (502) | (394.00) | - | - | (3,044) | - | |||||||||
Issuance of notes receivables (Investing activities) (USD, thousands) | - | (1,250) | (500) | (250.00) | - | - | (1,750) | - | |||||||||
Other investing activities (USD, thousands) | - | - | - | - | - | - | (130) | - | |||||||||
Net cash used in investing activities (USD, thousands) | (1,424.00) | (5,648) | (1,542) | (1,045.00) | - | - | (2,601) | - | |||||||||
Purchase of common stock (Financing activities) (USD, thousands) | (5,392.00) | (39,036) | (13,743) | (5,408.00) | - | - | (33,053) | - | |||||||||
Proceeds from warrant exercises (Financing activities) (USD, thousands) | - | - | - | - | - | - | 17,182 | - | |||||||||
Proceeds from stock option exercises (Financing activities) (USD, thousands) | 1,704.00 | 5,569 | 784 | 2,550.00 | - | - | 11,033 | - | |||||||||
Redemption of redeemable noncontrolling interest (Financing activities) (USD, thousands) | - | - | - | - | - | - | (6,130) | - | |||||||||
Purchase of public warrants (Financing activities) (USD, thousands) | - | - | - | - | - | - | (3,991) | - | |||||||||
Company earn-out shares settled in cash (Financing activities) (USD, thousands) | - | - | - | - | - | - | (572) | - | |||||||||
Repayments of finance leases (Financing activities) (USD, thousands) | (34.00) | (64) | (2) | (1.00) | - | - | (6) | - | |||||||||
Payments of debt issuance costs (Financing activities) (USD, thousands) | - | (136) | - | - | - | - | - | - | |||||||||
Net cash used in financing activities (USD, thousands) | (3,858.00) | (33,667) | (12,961) | (2,859.00) | - | - | (15,537) | - | |||||||||
Effect of exchange rates on cash (USD, thousands) | 1,248.00 | 595 | (926) | (745.00) | - | - | (3,183) | - | |||||||||
Net increase (decrease) in cash and cash equivalents (USD, thousands) | 17,376.00 | (4,026) | (7,673) | 11,509.00 | - | - | 67,573 | - | |||||||||
Income taxes paid (Supplemental disclosures) (USD, thousands) | 318.00 | 6,112 | 984 | 2,286.00 | - | - | 6,882 | - | |||||||||
Contingent considerations in business combination (Supplemental disclosures) (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
Common stock issued in business combination (Supplemental disclosures) (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
Loan to certain acquiree shareholders (Supplemental disclosures) (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
Company earn-out shares issuance (Supplemental disclosures) (USD, thousands) | - | - | - | - | - | - | 53,871 | - | |||||||||
Cash and cash equivalents at beginning of period (USD, thousands) | 227,188 | 227,188 | 223,162 | 223,162 | 223,162 | 223,162 | 223,162 | - | |||||||||
Cash and cash equivalents at end of period (USD, thousands) | 223,162 | 223,162 | 215,489 | 226,998 | 249,803 | 290,735 | 290,735 | - | |||||||||
Revenue by Segment - in Millions of USD | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
SaaS | 45.24 | 160.96 | 51.31 | 53.64 | 60.9 | 64.85 | 230.7 | 68.942 | |||||||||
Term License and Support | 12.25 | 52.74 | 10.01 | 10.98 | 14.1 | 9.51 | 44.6 | 11.190 | |||||||||
Services | 13.76 | 44.80 | 10.48 | 10.52 | 10.8 | 12.2 | 44.0 | 10.937 | |||||||||
Maintenance | 3.36 | 13.33 | 2.74 | 2.82 | 3.0 | 2.64 | 11.2 | 1.995 | |||||||||
Perpetual License | - | - | - | - | - | - | - | - | |||||||||
Total Revenue | 74.6 | 271.83 | 74.53 | 77.96 | 88.8 | 89.21 | 330.5 | 93.064 | |||||||||
Revenue by Geography - in Millions of USD | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
North America | 34.01 | 118.49 | 29.9 | 31.7 | 37.648 | 36.62 | 135.87 | 36.452 | |||||||||
- United States | 33.65 | 115.80 | 29.7 | 31.5 | - | - | 135.29 | 36.399 | |||||||||
EMEA | 20.95 | 81.75 | 22.8 | 23.1 | 26.298 | 27.06 | 99.26 | 29.484 | |||||||||
- Germany | 9.79 | 35.78 | 9.9 | 9.4 | - | - | 41.77 | 12.292 | |||||||||
APAC | 19.66 | 71.58 | 21.8 | 23.2 | 24.858 | 25.5 | 95.36 | 27.128 | |||||||||
- Singapore | 8.71 | 30.97 | 10.5 | 10.2 | - | - | 43.11 | 11.512 | |||||||||
- Japan | - | - | - | - | - | - | - | - | |||||||||
Other | - | - | - | - | - | - | - | - | |||||||||
Total Revenue | 74.63 | 271.83 | 74.5 | 78.0 | 88.804 | 89.18 | 330.48 | 93.064 | |||||||||
KPIs - Metric (Unit, Scale) | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
Number of global data centers (count) | - | 14 | - | - | - | - | 14 | - |