Consensus revenue for the third quarter is $123.8 million (+7.1% YoY) with an adjusted EPS of $0.29 (+26.1% YoY), while the stock currently trades at $12.52, notably above the $10.88 average analyst price target.
The primary focus for investors this quarter is the company's enterprise transition and the financial impact of the 20% workforce restructuring announced in July 2026.
Management is working to stabilize the downmarket cohort while accelerating adoption in the higher-value enterprise segment, which now represents over 60% of subscription revenue. Market participants are also looking for progress on the monetization of the Trellis AI platform following its recent paid-tier launch.