Revenue

19% increase in Q4 FY2025 vs prior year

Q4 FY2025 revenue is expected to grow by 19%, rising sequentially from Q3 FY2025’s $152.1 million to approximately $155–156 million. This is driven by continued customer contract expansion, renewals, and new business wins, though it is a lower rate compared to Q3 2024’s 33.1% increase fueled by new customer acquisitions. " " "

Non-GAAP Operating Income

Shift from a loss of $2.2M (Q3 FY2025) to a gain of $2–3M

Operational efficiency improvements and better cost management have turned a Q3 loss of $2.2 million into an expected positive operating income in Q4 FY2025. Reduced seasonal marketing expenses—such as those incurred for the Forge 2024 event in Q3—also contributed to this turnaround. " " "

Non-GAAP Net Income

Increase from $2.5M in Q3 FY2025 to $5–6M in Q4 FY2025

Improved cost management and revenue growth have driven non-GAAP net income up significantly. The increase reflects the ongoing scaling of operations and enhanced financial discipline, building on the gains made in the previous period. "

Free Cash Flow

From a negative $14.2M (Q3 FY2025) to positive in Q4 FY2025

Improved cash management and operational efficiency have reversed a negative free cash flow of $14.2 million in Q3 FY2025 to an expected positive cash flow in Q4 FY2025. The absence of heavy seasonal investments in Q4, unlike in the previous quarter, has contributed to this recovery. "

Customer Growth

Increase from 2,011 to 2,211 total customers; large customers up 24% to 234

Customer base expansion, particularly the 24% growth in large customers (spending $500,000+ annually) from the previous period, has bolstered recurring revenue streams. This growth underscores the positive impact of customer retention and upsell strategies on overall business momentum. " "