Overview
- Q4 2025 revenue rose 29% year over year to $953 million with adjusted EPS of $0.59, topping estimates.
- Bookings hit a record $1.63 billion, up 37% year over year, including two deals over $100 million and an 11x quarter-over-quarter surge in AI agent tool calls.
- Management guided FY2026 revenue to $4.06–$4.10 billion (about 20% growth at the midpoint) and Q1 revenue to $951–$961 million with EPS of $0.49–$0.51.
- Customer metrics strengthened to 32,700 total customers and 603 spending over $1 million annually, with broader platform use as 84% use two or more products and 31% use six or more.
- Shares rallied roughly 13–15% to about $130, yet the stock trades near 61 times the midpoint of FY2026 EPS guidance as analysts weigh strong execution against competition and cloud-spend sensitivity, with reports of potential OpenAI-related churn cited as a risk.