The company's preliminary results for the October quarter show a net loss of about $47 million on $198.5 million in revenue. That suggests approximately 24% year-over-year revenue growth, the highest rate since mid-2023. But the company's net loss widened from around $40 million in the October quarter last year.
"Our read is certainly that investors really value durable growth," Mahdessian said. "They value being cash-flow positive, which thankfully, we have been for the past several quarters."
Bessemer Venture Partners, TPG and Iconiq Growth are among the company's top shareholders, alongside Kuzoyan and Mahdessian.