On Wednesday, Similarweb (NYSE:SMWB) discussed second-quarter financial results during its earnings call. The full transcript is provided below.
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Summary
Similarweb achieved a record-breaking quarter in Q2 2026, with a 9% year-over-year revenue increase to $77.2 million, surpassing expectations and resulting in positive GAAP operating profit for the first time.
Strategically, the company is capitalizing on AI opportunities by signing three multi-year enterprise contracts worth over $60 million and expanding AI-related revenue to 13% of total revenue.
Future outlook is positive with raised full-year guidance, driven by strong ARR growth and a shift towards enterprise-focused expansion, leveraging AI to increase data consumption and business opportunities.
Full Transcript
OPERATOR
Hello, and welcome, everyone, to Similarweb's Q2 fiscal 2026 earnings call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. To register to ask a question at any time, please press star 1 on your telephone keypad. Please note this call is being recorded. We are standing by should you need any assistance. It is now my pleasure to turn the meeting over to Rami Meyerson, Vice President, Investor Relations.
Please go ahead.
Rami Meyerson, Vice President, Investor Relations
Thank you, operator, and welcome, everyone, to our second quarter 2026 earnings conference call. Joining me today are our CEO and Co-Founder, Or Offer; our Chief Financial Officer, Ran Vered; and Maoz Lakovski, our Chief Business Officer. This morning, we released our results for the second quarter and published an investor presentation with a strategic overview of the business, as well as a summary presentation of second quarter results, on our Investor Relations website at ir.similarweb.com.
Certain statements made on the call today constitute forward-looking statements, which reflect management's best judgment based on currently available information. These statements involve risks and uncertainties that may cause actual results to differ from our expectations. Please refer to our earnings release and our most recent annual report on Form 20-F filed with the SEC on March 2, 2026, for more information on the risk factors that could cause actual results to differ from our forward-looking statements.
Additionally, certain non-GAAP financial measures will be discussed on the call today. Reconciliations to the most directly comparable GAAP financial measures are available in the earnings release and the earnings presentation. We will begin with Or and Ran's highlights of the quarter, and then we will open up the call to questions from sell-side analysts. With that, I'll turn the call over to Or. Or, please go ahead.
Or Offer, CEO & Founder
Thank you, Rami, and welcome everyone. Today I'm extremely proud of what the Similarweb team delivered in the second quarter. Similarweb is at an inflection point. Our core business is getting stronger while AI is opening a significant new growth opportunity. Larger deals, longer commitments, improving retention, and expanding profitability are validating the strength of our business. At the same time, strong demand from leading AI companies demonstrates that our proprietary digital data has become critical infrastructure for the AI ecosystem.
Over the last several quarters we have been very focused on three things: strengthening our data moat, deepening our relationships with the largest enterprises in the world, and positioning Similarweb to capture the enormous opportunity created by AI. In Q2 we started to see those pieces come together. We delivered the strongest quarter in Similarweb history for net new ARR. We had one of the strongest quarters ever for gross retention. We achieved positive GAAP operating profit for the first time ever.
NRR improved to 100% across all customers and 107% for customers above $100,000 of ARR. We exceeded our expectations for both revenue and operating profit and are raising our full year guidance for the second time this year. AI-related revenue reached 13% of revenue in the second quarter, up from 11% at the end of the fourth quarter of 2025, and we will continue to expand it moving forward. And perhaps most importantly, we signed three very large multi-year enterprise contracts representing more than $60 million of accumulated contract value.
So when I look at this quarter I see more than just a strong set of numbers. I see evidence that the strategy we've been executing is working. Let me walk you through why I believe this is so important, and let's start with the financial performance. Revenue grew 9% year over year to $77.2 million, above the top end of our guidance. We also delivered non-GAAP operating profit above our expectations and, for the first time in our history, positive GAAP operating profit.
This is a direct result of the operational disciplines we have been implementing across the company. We have been very focused on improving sales productivity, sharpening our go-to-market execution, and becoming more efficient across the organization. At the same time, we continue to invest in the opportunities where we believe we can generate the highest long-term returns. We generated $8.7 million of normalized free cash flow in the quarter, representing an 11% free cash flow margin.
Moving into the second half of 2026 and beyond, we remain committed to expanding our margin and leveraging the operational efficiencies that come with our increased scale. So we are seeing the combination we have been working on: growth, improving retention, profitability, and strong cash generation. Our customer metrics also continue to improve. NRR increased to 100% across all customers and 107% for customers above $100,000 of ARR. This is particularly encouraging because, as we discussed in the last several quarters, we have been focused on improving the expansion motion with our existing enterprise customers.
We are seeing better gross retention, stronger customer engagement, and increasing demand for additional Similarweb data and products. And we believe there is more room for improvement from here. But the part of the quarter that I'm most excited about is what we're seeing with the largest enterprises. Our strategy to move up-market is working. During Q2 we signed three very large multi-year contracts with a contract value of more than $60 million.
Those are strategically important contracts. They are also very different from the way Similarweb historically sold. For many years our model was primarily a land-and-expand model. We would land the customer with a relatively small initial contract and then expand over time across additional products, teams, and geographies. That model remains important. But something new is happening. The largest companies in the world are increasingly looking at Similarweb not simply as a software application, but as a strategic source of digital data.
And when they do that, the size and scope of the relationship change dramatically. Those contracts require a significant amount of work across Sales, R&D, data science, Finance, and Legal. And I want to recognize the entire team because those deals are truly company-wide efforts. The strategic go-to-market team that we created at the end of 2025, specifically focused on AI, LLM, and OEM opportunities, has been instrumental in this success. The team is building relationships with some of the most sophisticated companies in the world and is creating a pipeline that is materially larger than what we have historically seen.
In fact, in July we signed a fourth large contract, and we continue to see a very strong pipeline of additional opportunities like never before. And let me explain to you why this is different. Historically, large seven-figure contracts were relatively rare for Similarweb. As recently as 2025, we were still seeing large seven-figure opportunities infrequently, a handful of times a year at most. That has changed. The number and size of opportunities we're seeing from large enterprises has increased significantly.
And I believe there is a very important reason for that: AI is changing the economics of data. Let me explain what I mean. Historically, the value an enterprise could extract from Similarweb was limited in part by the number of people who could actually work with the data. You had an analyst. That analyst needed to understand our data. They needed to know how to query it, they needed to analyze it, they needed to connect different data sets, and then they needed to turn those insights into recommendations for the business.
That is powerful, but it's still constrained by human capacity. AI fundamentally changes this equation. Now you can take Similarweb digital data and make it available to AI systems that can analyze enormous amounts of information across thousands of questions and use cases at a speed and scale that humans simply cannot match. The result is that the ROI from the same underlying data can increase dramatically. And this is the part of the story that I think is still underappreciated.
AI doesn't make our data less valuable; it makes our data much more valuable. Because the better the AI becomes at reasoning, the more valuable high-quality, comprehensive, and trusted data becomes. This is why I believe the opportunity for Similarweb goes far beyond simply selling data for LLM training. But still, the LLM opportunity is big and growing. One of the largest contracts we signed this quarter is with a leading big tech company for data used to train its large language model.
Following this expansion, this customer becomes our third customer with more than $10 million of ARR. It is remarkable to see how Similarweb data has become a fundamental source of digital intelligence for top large language models in the world. But what excites me even more is that the other large contracts are not only about LLM training. They demonstrate that enterprises can use Similarweb data at scale for many different AI-driven use cases and applications.
And that is a much bigger opportunity. Because if our data can be used across multiple AI use cases and applications inside a large enterprise, the potential consumption of our data increases dramatically. One customer can have multiple teams, multiple teams can have multiple use cases, and each use case can consume more data. This creates powerful expansion opportunities. The more use cases we unlock, the more valuable our data becomes. And the more valuable the data becomes, the more Similarweb can expand within the organization.
This is a very different model from selling seats of software. We are increasingly monetizing access to data and the consumption of the data. And we believe AI will accelerate this TAM vision. Similarweb is becoming an enterprise data company. You can already see this transformation in our business. The portion of our business driven by customers generating over $100,000 in ARR has reached almost 70%, a significant rise from 63% a year ago. Furthermore, the share of our revenue tied to a multi-year commitment expanded to 66%, up from 57% a year ago.
And we see this momentum continue. Those metrics underscore a fundamental transition. Similarweb is becoming more deeply integrated in the world's largest and most enduring enterprise organizations. We are increasingly an enterprise-focused business providing digital data to some of the largest, most sophisticated companies in the world. And our goal is to become even more deeply embedded in those organizations — not just with one product, not just with one team, but across multiple teams, multiple products, and multiple use cases.
This is the expansion opportunity in front of us. Let me now turn to our AI strategy. Over the last several quarters we've talked about our AI strategy through three pillars: powering AI systems with our data, building AI-native products ourselves, and expanding distribution throughout the AI ecosystem. We are seeing strong progress across all three. First, we are powering LLMs and AI agents. We continue to see strong demand from leading AI companies for digital data for both pre-training and post-training use cases.
But we are also seeing increased demand from AI agents. Agents need trusted, structured, and comprehensive information about the digital world in order to perform their tasks efficiently. Our data is good for both humans and agents, and that is becoming increasingly important. Second, we are building our own AI-native products. GenAI intelligence is shaping up as a huge opportunity. It's a lucrative, fast-growing market that is top of mind for every CMO and executive at large enterprises.
Right now we're already seeing early signs we can win here and become a leader in this category. Our solution helps brands understand how they can show up across generative AI platforms. We think it's an entirely new category, and our data gives us a real edge. Earlier this year we launched Similarweb AI Studio. The response has been extremely strong. AI Studio changes the way people interact with Similarweb. Instead of needing to know exactly which report to open or which data set to use, users can simply ask a business question in natural language and receive an actionable answer with insights and recommendations.
This dramatically expands who can use Similarweb and, importantly, it creates a new consumption-based monetization model. We believe this is the direction the industry is moving. Third, we are expanding distribution. Increasingly, research and decision making are happening inside AI platforms, so we want Similarweb to be there. Our data is available through MCP on Claude and ChatGPT. During the quarter we expanded our relationship with Perplexity to bring Similarweb digital data directly into its AI-native workflow.
And we expanded our partnership with Manos following the successful launch of Similarweb data on the platform. Those partnerships are more than integrations. They are new distribution channels for Similarweb. They allow us to reach users who we could not reach through our traditional go-to-market motion. They expand our TAM and they reinforce our position as a critical data layer for AI-driven research and decision making. So now let me walk you through what I believe is happening.
First, our core business is getting healthier: growth, retention is improving, NRR is inflecting, sales productivity is improving, and we are seeing better expansion across enterprise customers. Second, our enterprise strategy is working. We are seeing larger contracts, longer commitments, more multi-product relationships, and increasing demand from the world's largest companies for digital data. And third, AI is dramatically expanding the opportunity for our data.
It creates new customers, new use cases, new distribution channels, and new ways to monetize consumption. Those three things reinforce each other, and this is why I believe Q2 represents an important inflection point for Similarweb. And as I have said before, AI is the engine, but data is the fuel. Regarding the CEO search, we are making good progress and we are interviewing very strong candidates. And with that I will hand it over to Ran Vered, our CFO.
Ran Vered, CFO
Thank you all. It is a great feeling to deliver a strong set of results and great guidance for the year. I will provide highlights of our financial performance and guidance for the third quarter and the full year of 2026. Turning to our quarterly results, we generated $77.2 million of revenue in Q2, a 9% increase year over year and above the guidance range we provided. Revenue growth was driven by good performance across the book of business including new sales and upsells, as well as growth in AI-related revenues that reached 13% of revenues in the second quarter, up from 11% at the end of the fourth quarter of 2025.
I would like to remind you that the second quarter of 2025 provided a tough comparison for this quarter. We expect revenue growth to accelerate in the second half of 2026 supported by the growth in ARR in the second quarter and accelerated momentum in our business. As Or discussed, non-GAAP operating profit for the quarter was $6.5 million, reflecting an 8% margin compared to $2.4 million in the second quarter of 2025. Non-GAAP operating profit was also above our guidance range thanks to top-end growth and disciplined cost control that more than mitigated FX headwinds.
We continue our efforts to offset the headwinds to profit presented by the strengthening of the Israeli shekel versus the U.S. dollar. As a reminder, approximately half of our employees are based in Israel. Non-GAAP finance expense was $108,000. Non-GAAP tax expense was $1.2 million in the quarter, compared to $86,000 in the second quarter of 2025. To help with your modeling, we expect these items to remain approximately at these levels on a quarterly basis for the rest of the year.
Non-GAAP diluted earnings per share was $0.06 compared to $0.01 in Q2 2025. ARR contracted under multi-year contracts continued to expand to 66% of ARR from 57% last year. We believe that this metric is very important and demonstrates the durability of our revenues and the importance of our data to our customers. Good cash generation and a strong balance sheet are critical for our business at any stage. We generated $8.7 million of normalized free cash flow and an 11% free cash flow margin.
Despite the FX headwinds, we believe we will generate positive normalized free cash flow on a quarterly basis going forward. We ended the quarter with approximately $73 million of cash and cash equivalents and no debt. We also have an available line of credit of $75 million. Our remaining performance obligations (RPO) totaled $345 million at the end of Q2, up 26% year over year. We expect to recognize approximately 66% of total RPO as revenue over the next 12 months.
The growth in RPO provides us with confidence in our full year guidance. We are also proud that our deferred revenue increased to a total of $141 million, a 21% increase year over year in Q2. Overall, NRR was 100% across all customers and 107% for customers with over $100,000 of ARR. We are proud of the improvement in NRR in the quarter which came through earlier than expected. We expect further improvement in NRR over 2026. At the end of the second quarter we had 1,815 customers with ARR above $25,000 compared to 1,809 in 2025.
This sequential trend reflects our decision to prioritize go-to-market resources and focus on large-scale opportunities within our existing customer base over smaller inbound SMB deals. Consistent with this focus, the average account value for this cohort grew 19% year over year to $149,000. The number of customers with ARR over $100,000 increased to 473 at the end of Q2, up 9% compared to 2025. Average account value for this customer cohort increased 18% to $438,000 compared to 2025.
We believe that accounts generating more than $25,000 and $100,000 of ARR that account for 90% and 69% of ARR, respectively, demonstrate that Similarweb is an enterprise-focused data company. Moving to guidance for the full year of 2026, we are raising our revenue guidance range and expect total revenue in the range of $340 million to $318 million, representing approximately 12% year-over-year growth at the midpoint of the range. In Q3 2026, we expect total revenue in the range of $80.5 million to $82.5 million, representing 13.5% year-over-year growth at the midpoint, accelerating versus Q2 2026.
For the full year, we are raising our guidance for non-GAAP operating profit to be between $24 million and $26 million. Non-GAAP operating profit for the third quarter of 2026 is expected to be in the range of $7.5 million to $9.5 million. With that, Or and I are ready to answer your questions. Following Q&A, we will share some closing remarks. Operator, please open the line for questions.
OPERATOR
Thank you. At this time, we will open the floor for questions. If you'd like to ask a question, please press Star one on your telephone keypad. To remove yourself from queue, you may press Star two. Again, that is Star one to ask a question. And we'll take our first question from Rainbow Lynn Chow with Barclays. Please go ahead. Your line is open.
Rainbow Lynn Chow, Analyst at Barclays
Thank you, and congratulations. That's an amazing evolution. Can you talk a little bit more about those customers that you signed and they're kind of showing up in the pipeline, using Similarweb data in a much broader sense than we've seen classically? And in theory, if that's the case and we open it up for more end users, then in a way the sky is the limit, because every single customer could do a lot more with your data. It sounds almost like we're at the beginning of a very great journey here.
Can you talk a little bit more on that?
Or Offer, CEO & Founder
Yeah, so first of all, yes, thank you for the question, and yes, you're right. The most advanced enterprises now realize that with AI, they can first crunch much more data and they can get much better insight and recommendations, and the ROI, for the same data, is now much higher and they can consume much more data. So we're seeing this trend. It's very exciting and we're very happy about it, and we think that we continue to see this great success with onboarding more enterprises to use our data in that approach.
Rainbow Lynn Chow, Analyst at Barclays
And then, if you think about it, where are we sitting on this new approach of getting against big enterprise? Where are we on sales capacity, et cetera? Can the organization support the growth that potentially is coming your way? Thank you.
Or Offer, CEO & Founder
Right now, yes, we are set up correctly. We're starting with the engagement we currently have in our book of business. We already work with the biggest and best enterprises in the world, and we start rolling up, you know, and start increasing those engagements.
Rainbow Lynn Chow, Analyst at Barclays
Okay, perfect. Thank you. Congrats.
OPERATOR
Thank you. We'll take our next question from Ken Wong with Oppenheimer and Company. Please go ahead. Your line is open.
Ken Wong, Analyst at Oppenheimer & Co.
Fantastic, thank you for taking my question. I think you guys mentioned that NRR potentially could trend up still. I'm just looking at the levels — it is a big step up. What gives you the confidence there? How much of that is mechanical? I recall you guys already were exiting at a pretty high rate after Q1, and how much of that is underlying activity that you're seeing that gives you confidence that that number could keep trending higher?
Or Offer, CEO & Founder
Yeah, we have a very, very high confidence because the NRR we report to the market is the average of the previous four quarters. And because we know that this quarter NRR was very, very high, we already know that the next quarter will continue to increase.
Ken Wong, Analyst at Oppenheimer & Co.
Got it. Understood.
Ran Vered, CFO
And Ken, just again to add on that, we see very strong — Or mentioned it in the prepared remarks — we see very strong GRR trends, and the changes that we did at the beginning of the year, that the account management are more focused on expansion — this is our focus on GRR — we already see the fruits of this change. So we see very strong GRR that continues to be at a very strong level, and on top of it, the account management that are focused on expansion provides us with the confidence that the NRR is going to increase.
Ken Wong, Analyst at Oppenheimer & Co.
Understood. And then, Or, just on the really strong pipeline results — again, fantastic — in terms of what you guys saw in Q2, when you look at the quarter, how much of that execution was some of the labors from last year? You guys kind of refreshed the go-to-market, you added capacity. How much of that is, as you said, truly an underlying change in terms of some of the customer actions, like where data is now proliferating across organizations, or is there still more of that to come?
Or Offer, CEO & Founder
I think, as I said in the earnings, a lot of it came by just focusing the people on doing the right things that can produce the highest outcome. One of the things that we changed was we took some of our best people and just put them on the ALO team — we call it the strategic sales team — to build bigger relationships with the top enterprises and basically unlock this potential. So just moving those priorities, including the account managers focusing on expansion — all of those decisions of changing strategy — really bearing the fruits.
So this is the result of that.
OPERATOR
Thank you. We'll take our next question from Arun Bhatia with William Blair and Company. Please go ahead. Your line is open.
Lily, Analyst at William Blair (for Arjun Bhatia)
Hi team, I'm Lily, on for Arjun Bhatia. Nice quarter and thank you for taking the question. A couple quarters ago you saw some variability in, I believe, two large AI deals. I believe you closed one last quarter, but can we get an update on the second? Is that still in the pipeline, and how are you thinking about the timing of closing it?
Or Offer, CEO & Founder
Yeah, funny enough, the second one is still in the pipeline, and we still think that this is another nice big surprise that can come at the end of the year.
Lily, Analyst at William Blair (for Arjun Bhatia)
Okay, thank you.
OPERATOR
Thank you. We'll take our next question from Patrick Walravens with Citizens. Please go ahead.
Kincaid, Analyst at Citizens (for Patrick Walravens)
Great. This is Kincaid on for Patrick. Thanks so much for taking the question. Super excited to see this narrative playing out for you guys. Is it possible to get a little bit of color? When I think about the $60 million, as well as just the total spectrum of these new deals you mentioned — it's not just pre-training and post-training, but it also includes, correct me if I'm wrong, agents in production that want to understand how the internet is structured and where they should go next.
Can you give us a sense of how that ARR is split? Is it 50% post-training, 25% pre-training, and 25% in production? What's that breakdown?
Or Offer, CEO & Founder
I cannot go specifically to the full breakdown, but we had what we said were three big deals. Each one of them is above eight-figure engagement. Only one of them is for LLM training, pre and post. So only one is pre and post. The other two are just big enterprises leveraging our data in different ways than LLM training. That is much more exciting and a very big opportunity. Yeah, maybe just to add: the way we think about it, there are various markets that we're seeing tailwinds in and demand in different markets. One is the LLM that we were speaking about, the other one is OEM — so build on top of our data — then we have the brands, and last we have the investors. And we see great demand across the board in all of them for large deals to integrate our data at scale because of the ability to digest and ingest more data at scale with AI.
So what we've seen in the past, which was a deal every now and then or a deal every quarter, or a pipeline — now it's becoming much more sustainable, much more robust. It helps us increase our TAM and increase our deal value.
Kincaid, Analyst at Citizens (for Patrick Walravens)
Spectacular. And then if you have any update with specifics on your Gen AI Intelligence product, I've always found that one fascinating.
Or Offer, CEO & Founder
Yeah, there is the demand; it is increasing. We do see a nice increase there, and I think there is now more strategic teams starting to build up on the gen data that we have that's becoming very interesting for brands to connect the full journeys of the users with what people are asking those LLMs and the outcome. So everything around how the interaction with LLMs changed the consumer behavior. So this is—we're seeing also a very big success on that.
OPERATOR
Thank you again. As a quick reminder, if you'd like to ask a question, please press Star one. Now we'll take our next question from Scott Berg with Needham. Please go ahead. Your line is open.
Scott Berg, Analyst at Needham
Hi everyone. Really nice quarter here. You obviously spoke a lot about the new use cases that you're seeing in some of these large deals. They're not all LLM training exercises, but as you think about the new use cases, are you changing the pricing of the platform to evolve with some of these new use cases, or are the pricing mechanisms the same?
Or Offer, CEO & Founder
The pricing is the same because most of those big deals are around data. So it's more about consumption and data access. It's less about the software, and so the price didn't change, and we're just selling much more data and many more different data sets because, as I said, AI is changing the equation now. Companies can consume much more data and get much more ROI off that.
Scott Berg, Analyst at Needham
Very helpful there. And then, Ron, as we think about a couple of these deals here, these large deals, are there any one-time revenues to be cognizant of from these? I believe that maybe one of them has some one-time revenues, and if there is, what does the timing of those revenues look like for modeling purposes?
Ran Vered, CFO
Hey Scott, thanks for the question. So those deals are deals, and if there is a one-time element it's really quite negligible and immaterial, and usually it's recognized on the initiation of the deal or a couple of months later at max. But those deals are pure ARR deals, with again small and immaterial amount of one time, if at all.
Scott Berg, Analyst at Needham
Excellent. Next quarter. Again, thanks for taking my questions.
OPERATOR
Thank you. We'll take our next question from Luke Horton with Northland Securities. Please go ahead, your line is open.
Luke Horton, Analyst at Northland Securities
Yeah. Hey guys, congrats again on the great quarter here. Obviously the momentum is really building on the enterprise side. Just curious if there's anything to call out on the SMB or smaller customer cohort. Are they seeing any sort of macro pressures, or I guess how is growth looking on the smaller customer cohort side?
Or Offer, CEO & Founder
Nothing special there. I think overall, you know, the traffic was going down—you know, the digital traffic to the website. You know, the world changed and there is less traffic coming from search. This is all broader market. But overall AOV is the same, we net is the same, and I think a lot more commercial people are moving now to drive more expansion as we can see this opportunity.
Luke Horton, Analyst at Northland Securities
Okay, great. And then just wondering about, as far as adding net new customers, are you seeing any trends with initial customer contracts coming in at higher price points now, and how much of the focus is on the cross-sell and upsell with existing customers versus outbound net new customers?
Or Offer, CEO & Founder
So I think that most of our tenured senior commercial people that were doing outbound and enterprise new sell, we moved them more to focus on expansion. As I said before, we have an amazing book of business, and we already engage with most of the best and biggest companies in the world, and now we just come and have a huge opportunity on cross-sell and upsell with this new change that's happening with AI.
Luke Horton, Analyst at Northland Securities
Okay, great. Well, thanks for taking the questions.
OPERATOR
Thank you. At this time there are no further questions in queue. I will now turn the meeting back to Or Offer for closing remarks.
Or Offer, CEO & Founder
So thank you for all the questions today. So now let me recap what we discussed today at the call. When we entered 2026 we said this was going to be a transformation year for Similarweb. We said we were moving from building to scaling. We said our priorities were to strengthen our data moat, deepen our enterprise relationships, and scale our AI-first solutions. Six months into this year we are seeing tangible evidence that this strategy is working.
We delivered the strongest net new ARR quarter in our history. We achieved positive GAAP operating profit for the first time ever. We improved NRR 200%. We signed multiple transformational enterprise contracts, and we continue to see expanding demand for our data from AI companies and large enterprises. There is still a lot of work ahead of us. We need to continue improving execution, we need to continue to expand our enterprise relationships, and we need to continue building the best digital data infrastructure for the AI era.
Thank you everyone on the call for your continued support. We're looking forward to speaking to you again over the coming weeks. Thank you all.
OPERATOR
Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.
Disclaimer: This transcript is provided for informational purposes only. While we strive for accuracy, there may be errors or omissions in this automated transcription. For official company statements and financial information, please refer to the company's SEC filings and official press releases. Corporate participants' and analysts' statements reflect their views as of the date of this call and are subject to change without notice.
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