Annual recurring revenue (ARR) reached $335 million, up 16% year-over-year and $15 million sequentially, marking the highest net new ARR in 11 quarters.
Dollar-based net retention rate (NRR) increased to 104%, up 3 points sequentially.
Free cash flow was $18.2 million or 22% of revenue, up from $6.8 million or 9% of revenue in the same period last year.
General and administrative expenses were 14% of revenue, down 1 point year-over-year.
Gross margin was 75%, down 1 point year-over-year due to increased data ingestion costs, amortization, and professional services investments.
Net income per share was $0.01 based on 140.2 million diluted shares, compared to a net loss per share of $0.00 a year ago.
Non-GAAP operating loss was $1.5 million, or 1.8% of revenue.
Operating expenses totaled $64 million or 76% of revenue, down 3 points sequentially.
Q2 2025 revenue was $83.3 million, up 14% year-over-year and 4% quarter-over-quarter, exceeding the high end of guidance.
Research and development expenses were 18% of revenue, up 1 point year-over-year.
Sales and marketing expenses were 44% of revenue, down 4 points year-over-year but up sequentially in dollars.
Dafinchi