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Recurring Revenue
Highlights the portion of revenue that is predictable and stable, reflecting the company's ability to generate consistent cash flow and customer loyalty over time.Recurring revenue built steady multi-year momentum but essentially flattened in the most recent quarter, signaling that Amazon 3P policy headwinds and early 3P churn are eroding customer-count growth. Management expects this pressure to trough by late‑2026, and is offsetting it with AI-driven ARPU gains (MAX), cross-sell traction, margin initiatives and aggressive buybacks. For investors, the key watch items are customer-count trends from the $19.99 3P fee versus rising ARPU—near-term top-line moderation looks likely, but underlying unit economics and product-led expansion support reacceleration longer term.
Date | Recurring Revenue |
|---|---|
Jun 30, 2026 | $190.42M |
Mar 31, 2026 | $184.52M |
Dec 31, 2025 | $184.53M |
Sep 30, 2025 | $181.99M |
Jun 30, 2025 | $179.12M |
Mar 31, 2025 | $172.33M |
Dec 31, 2024 | $161.97M |
Sep 30, 2024 | $154.46M |
Jun 30, 2024 | $143.98M |
Mar 31, 2024 | $139.68M |