Rachel Warren

I mean, that accounted for about $750 million in bookings in its first full year.

Software revenue was up about 4%.

40% year over year, their net revenue retention hit 125%.

So existing customers, they aren't just staying, they're spending significantly more on those premium tools.

I think it's hard not to be bullish on how Rick Smith and the team are executing this.

They're targeting now $6 billion in revenue by 2028.

They had a backlog of about 14 billion of contracted revenue at the end of the year.

So it's really a fantastic company and seeing how they're really redefining their entire product category with AI, something that's not particularly easy to do.

I think it's been pretty impressive.

They are doing a really good job of, I think, scaling into a really sustainable growth enterprise.

They officially crossed the $1 billion annual revenue milestone, which is a big deal.

The Q4 featured a 21% revenue increase.

They significantly outperformed Wall Street's expectations.

Even though top line growth was strong, though, same restaurant sales grew less than 1%.

So a lot of the growth they're seeing is being driven by changes like higher menu prices and product mix.

We actually saw that guest traffic declined by about 1.4%.

There was a roughly 100 basis point drop in restaurant-level profit margin as well, but still about 21%, which is pretty solid for a business in their sector.

Now, they're still maintaining their aggressive 2026 outlook.

They're looking to open anywhere from 74 to 76 new stores.

They're looking for a rebound in same-store sales growth of up to 5%.