Record Quarterly Billings
Quarterly billings of $111.2M, up 8% year-over-year — the highest quarterly billings in company history and above management's guidance, driven by higher retention, consumption adoption and partner ecosystem activity.
Full Year Billings Growth
Full fiscal year billings of $318.7M, up 3% year-over-year — the company's first full-year billings growth since fiscal 2023.
Improved Retention Metrics
Gross retention improved to over 88% (highest in 12 quarters); ARR net retention rose to over 96% (up >4 percentage points year-over-year) and marked the sixth consecutive quarter of sequential improvement.
Strong Consumption Cohort Performance
Customers that began on consumption (representing >$24M in ARR) delivered a net revenue retention of 111% in Q4; company ended fiscal '26 with 84% of ARR on consumption pricing.
Profitability and EPS Milestones
Q4 operating margin exceeded 10% (record high) and full-year operating margin was over 6% (company record). Non-GAAP diluted EPS was $0.03 and this was the third consecutive quarter of positive EPS, yielding the company's best-ever full year EPS.
Cash Flow and Free Cash Flow Improvement
Adjusted free cash flow for the full year was near breakeven, an improvement of over $12M from the prior year and the best full-year free cash flow result in company history.
Revenue, Gross Margin and RPO Strength
Total revenue of $79.6M (above high end of guidance); gross margin of 78.2%, up >2 percentage points year-over-year; current subscription RPO $227M (+1% YoY) and total subscription RPO $437.9M (+8% YoY).
Platform Momentum and AI Adoption
Platform now driving nearly $300M in recurring revenue; strong customer traction for AI/agentic workflows with multiple production deployments cited; internal productivity gains with ~30% of code base edited using AI in February; industry recognition from Dresner and ISG.