Overview
- Shares surged about 21% in after-hours trading following Monday's better-than-expected first-quarter results.
- Revenue rose 24.5% to $351.3 million and adjusted EPS reached $1.15, both topping Wall Street forecasts.
- Adjusted operating income was $49.0 million with a 14% margin, and free cash flow margin improved to 29.3%.
- The company lifted full-year revenue guidance to about $1.47 billion at the midpoint and guided Q2 revenue to $354–$356 million, which assumes a 100–200 basis-point foreign-exchange headwind.
- Executives pitched an AI work platform, citing a 32% gain in developer output since 2025 and reporting 4,547 customers paying over $50,000 with about 114% net dollar retention.