Fourth quarter revenue was $117.7 million, marking a 15% increase year-over-year. Full year revenue reached $443.6 million, an 18% increase year-over-year. Q4 net new Annual Recurring Revenue (ARR) was $16.1 million, up 48% year-over-year. AI Products surpassed $38 million in ARR as of December 31, 2025, a substantial increase from $4 million in the prior year period. Enterprise platform ARR grew to $37 million as of December 31, 2025, from $9 million a year ago, serving 579 customers. Combined, AI products and the Enterprise platform represented $63 million of ending ARR as of December 31, 2025, contributing to total ARR of $471.4 million. GAAP loss from operations was $(13.9) million for the fourth quarter and $(22.8) million for the full year. Non-GAAP income from operations was $15.0 million for the fourth quarter, achieving a 12.8% non-GAAP operating margin, and $53.3 million for the full year, with a 12% non-GAAP operating margin. Cash flow from operations was $14.9 million in the fourth quarter (12.7% margin) and $59.6 million for the full year (13.4% margin). Dollar-based net revenue retention stood at 104% as of December 31, 2025. Customers paying more than $10,000 annually grew by 31% year-over-year, and those paying over $50,000 annually grew by over 74% year-over-year. Semrush launched an official app in ChatGPT, allowing marketers to access live Semrush data directly within ChatGPT. The acquisition of Semrush by Adobe, announced in November 2025, is expected to close in the first half of 2026, with the Hart-Scott-Rodino Act waiting period expired in January and stockholder approval obtained in February.