Dafinchi AI

APPN

Technology

Adjusted EBITDA was positive $8.1 million, significantly beating guidance of negative $5 million to negative $2 million.
Appian's cloud subscription revenue grew 21% year-over-year to $106.9 million in Q2 2025.
Cash and cash equivalents plus investments increased to $184.8 million from $159.9 million at the end of 2024.
Cash used by operations was $1.9 million, a significant improvement from $17.6 million used in the prior year period.
Gross margin remained stable at 75%, with subscription gross margin at 87% and professional services gross margin improving to 33%.
Net income was $0.3 million, compared to a net loss of $18.2 million in Q2 2024.
Total revenue rose 17% year-over-year to $170.6 million, with 78% of revenue from subscriptions.
Total subscription revenue increased 17% year-over-year to $132.7 million.

DOCS

Technology

Adjusted EBITDA was $79.8 million with a margin of 55%, up from $65.9 million and 52% margin in the prior year, reflecting margin expansion.
Doximity reported Q1 fiscal 2026 revenue of $146 million, representing 15% year-over-year growth and exceeding the high end of guidance by 4%.
Free cash flow grew 52% year-over-year to $60.1 million, supported by a strong balance sheet with $841 million in cash and equivalents.
Non-GAAP gross margin was 91%, slightly down from 92% in the prior year period.
The company repurchased $122.3 million of shares at an average price of $53.99, with $302 million remaining in the repurchase program.

MITK

Technology

Adjusted EBITDA was $13.1 million, representing a 28.6% margin, an improvement of 170 basis points compared to the prior year.
Check Fraud Defender annual contract value reached approximately $13.1 million, up 56% year-over-year.
Free cash flow for the last 12 months was $56 million, representing a 99% conversion rate of adjusted EBITDA.
Non-GAAP gross margin was 85%, slightly down by 100 basis points year-over-year due to a mix shift away from higher-margin deposits products.
The company ended Q3 with over $175 million in cash and investments and $155 million in convertible notes due February 2026.
Total revenue for Q3 2025 was $45.7 million, up 2% year-over-year, driven primarily by a 24% increase in Identity products revenue.
Trailing 12-month Identity revenue reached $75 million, up 13% year-over-year, nearing the fulcrum point for durable profitability.

FORR

Technology

Cash flow from operations was $23.1 million in the first half of 2025; cash balance was approximately $135 million with $35 million debt.
Client retention improved by 1 point to 74%, while wallet retention decreased by 1 point to 85%.
Consulting revenue was $23.4 million, down 5% year-over-year, with advisory down but consulting product line flat.
Events revenue was $10.2 million, down 23% year-over-year, despite increased attendance and satisfaction scores.
Forrester's Q2 2025 revenue was $111.7 million, down 8% year-over-year from $121.8 million in Q2 2024.
Net income and EPS decreased 24% and 25%, respectively, with net income at $9.8 million and EPS at $0.51 compared to $12.9 million and $0.68 in Q2 2024.
Operating expenses decreased 6%, driven by lower compensation-related costs and a 12% reduction in headcount compared to 2024.
Operating income decreased 24% to $13.7 million or 12.2% of revenue, down from $17.9 million or 14.7% in Q2 2024.
Research revenue declined 7% to $77.9 million, with subscription research down 3%. Excluding the divestiture of FeedbackNow, research revenue declined 5%.

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