closed We you, bookings by good our Andres, note, core Travel all a high fueled and across strong Thank including XXXX on afternoon, industries, our business. everyone.
year-over-year and team the margin efficiency. SaaS through as realize, XXXX.
In drive significant transforming drive on record throughout we while continue land, both strategic the our from from objectives around dollar revenue our the XXXX, a expand subscription win a high of actually added roadmap. us operational to gross Our improvements driving also in but accelerating we business for leverage were to the our coming amazing G&A, in did as well able In we greater growth year. to our gross of more revenue. anticipate business we non-GAAP to more drive EBITDA In fuel We achieved investments Similarly, will was we growth. We The innovation further out were global dollar positions operational customers our strategy. that in to will efficiencies contributions go-to-market our services new our total operations. through efficiency dollar adjusted increase help XXXX world so our while momentum work the generated business, every in our R&D, continue incremental with significant, in than infrastructure to improvement profit improvement AI build $X.XX and non-GAAP improvements our and
increasing reported more total Now the the last revenue year, in Subscription I'll X% million $XXX.X year-over-year, fourth XX% quarter XX% full in million full revenue, our $XX.X and fourth in the was quarter for results $XXX.X was also cover and the revenue increasing XX% Total million Recurring $XX.X little detail. full the quarter increasing year. then increase a and was for year-over-year. the from year-over-year. for an year, year-over-year, revenue of XX% XX% million fourth year increasing
be retention Our gross trailing rate revenue XX-month than XX%. continues better to
was as-reported constant $XXX.X to was was year-over-year about a an Our $XXX.X ARR million, dollar. negatively U.S. ARR basis basis. strengthening million, due a point on percentage XX% by Subscription impacted the subscription on increasing currency which
XX the XX% XX% fourth demonstrating saw our the recurring for calculated of months, quarter. billings year-over-year strength the ahead we Our in quarter trailing and expectations increased and
and non-GAAP in for set all-time an XX% SaaS and full was year, gross in Non-GAAP a margin. subscription margin for also QX, XX% margin a as year, in the improvement for increasing in XXXX. XX% gross gross And XX% from was reported X% QX our We new the XX% business services from subscription non-GAAP high XXXX.
year, and non-GAAP these in margins in all-time year. to We free the and million QX free improvements year. of full reported adjusted in adjusted quarter, XX% an flow in EBITDA for the XX% cash in and million cash and in million our $XX.X significantly business a to improvement an year, outperforming gross to and the compared last of XXXX.
We We subscription with an $XX EBITDA new of in compared is quarter full and margin of investments. in generated us fourth guidance exited increase guidance $XX.X million earlier, million flow $XXX for $XX.X SaaS services which year as from outperforming improvement the significantly mentioned the last XX% year, for cash resulting million total million fourth set in for I of $XX.X a $XX.X the high allowed As non-GAAP delivered
for $X.XX earnings per the $X.XX for earnings was us non-GAAP XXXX. bringing share non-GAAP per share, to Our per quarter per share share fourth of
XXXX, profitability. As subscription to another we year of we positioned growth expanding look to double-digit also are while deliver
guidance growth our with at ranges. improvement midpoint the is stated Here the the of and rates amounts
the be $XXX in we million $XXX growth in million, million, total $XXX ARR of free of growth full-year range $XX range growth representing to and and be XX% to year representing of full of million million $XX to year, representing an million $XXX to between subscription of We $XX improvement revenue to $XX $XXX XX% X% For and to $XXX improvement full year-over-year, expect million in anticipate year-over-year. million, adjusted anticipate the of subscription million of EBITDA $XX flow the range the representing million, We $XX.X million cash revenue year-over-year, year-over-year. year-over-year. an million,
the point. lower experiences the cash half by year, QX typically free being of free with flow in in second low first business year, half Our the stronger the the flow cash followed of seasonal
expect trend to XXXX, to a continue lesser this though in degree. We
year's expecting to a the XX/XX X/XX are compared We generation split split. halves, between cash last
now Turning quarter first to guidance of XXXX. for the
the in million to year-over-year. the representing $XX.XX to million a total increase a of to to XX% and We in million, increase be expect of X% range $XX.XX range revenue revenue representing year-over-year, $XX million, $XX be subscription
factored With our the is business, subscription which in guidance our these to year into recent throughout full bookings travel is ranges. revenue improvements Travel expected from increase XXXX,
QX $X.X improvement their $X.X quarter XX%, first is year. EBITDA last million per which over We anticipate tax first non-GAAP million and expect estimated non-GAAP rate $X.X an of quarter Using an adjusted of the earnings of as we based between an million, continued shareholders to support. diluted to at well hard share XX.X million outstanding.
In estimated our our for as closing, average and employees $X.XX dedication, $X.XX weighted per on work I shares for share their thank want
Operator? the built the XXXX.
I will we turn operator With deliver call over the XXXX, successful confident a for now in questions. momentum we've back I'm to will
