| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 8/12 | 4 medium, 4 low flags | 4 | 0 | Call sheet → |
| Q1'26 | May 5, 2026 | 9/12 | 2 medium, 1 low flags | 4 | 0 | Call sheet → |
| Q4'25 | February 11, 2026 | 8/12 | 1 medium flags | 4 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Exceeded | For Q2, we expect free cash flow margins in the mid-teens. Actual Q2 FCF margin was just over 18%, exceeding the outlook. |
| Q2'26 | Exceeded | We expect operating expenses in Q2 to be 35% to 36% of revenue. Actual Q2 OpEx came in at 34% of revenue, better (lower) than the guided 35-36% range. |
| Q2'26 | Exceeded | We expect our gross profit dollars to grow in the mid-20s. Management stated Q2 achieved greater than 30% growth in gross profit, above the mid-20s guide. |
| Q2'26 | Exceeded | We expect Q2 revenue growth in the high 20s year-over-year. Actual Q2 revenue grew 34%, well above the high-20s guide. |
| Q1'26 | Delivered | For Q1, we expect a free cash flow margin in the low to mid-teens Actual FCF margin was 15%, which management itself described as 'in line with our outlook'. |
| Q1'26 | Delivered | We expect that our Q1 operating expenses will be 37% to 38% of revenues Actual opex was 37% of revenue, hitting the low end of guidance. |
| Q1'26 | Exceeded | We expect our gross profit dollars to grow in the high 20s Q1 gross profit grew 32%, and management itself stated it came in 'slightly ahead of our expectations'. |
| Q1'26 | Exceeded | We expect Q1 revenue growth in the low 30s year over year Actual Q1 revenue grew 34%, above the 'low 30s' guide range. |
| Q4'25 | Pending | FY2025 free cash flow margin expected to be 'similar to 2024' FY2025 FCF margin was stated as 17%, but the 2024 comparable figure was not restated on this call, so the 'similar to 2024' claim cannot be independently confirmed from the transcripts; actual comparison not stated on the call. |
| Q4'25 | Delivered | Q4 free cash flow margin guided to be 'slightly above Q3' (Q3 = 18%) Actual Q4 FCF margin was 19%, consistent with 'slightly above Q3.' |
| Q4'25 | Pending | Q4 stock-based compensation guided to '$130 million' Actual Q4 SBC figure was not stated on this call; unverified. |
| Q4'25 | Exceeded | Q4 operating expenses guided to '30% to 31% of revenue' Actual Q4 opex came in at 29% of revenue, better than the guided range. |
| Q4'25 | Delivered | Q4 gross profit dollars guided to grow 'low to mid-20s' Actual Q4 gross profit grew 25%, landing at the top of/slightly above the guided range. |
| Q4'25 | Exceeded | Q4 revenue growth guided to 'mid to high 20s year-over-year' Actual Q4 revenue grew 31% (29% cc), well above the guided mid-to-high-20s range. |
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