Reached $1 Billion Revenue Scale with Strong Growth
Fiscal 2026 revenue exceeded $1.0B, growing 22% year over year; Q4 revenue was $271M, up 20% YoY.
Full-Year Operating Profitability and Margin Expansion
Delivered full-year operating profitability with operating margin expanding more than 600 basis points to ~3.5% year over year; Q4 operating margin improved 450 basis points to 6% and net income margin was 9% in the quarter.
Record ARR and Net New ARR
Total ARR grew 22% YoY; company-record $64M net new ARR added in Q4 (third consecutive beat versus expectations); roughly 50% of net new ARR came from new logos.
Strong Enterprise and Account Expansion Metrics
ARR per customer hit a company record; customers with ARR ≥ $1M rose 20% YoY to 153; customers with ARR ≥ $100k grew 18% to 1,667; gross retention for $100k+ customers was 96% and dollar-based net retention was 109%.
High Product Traction Across Emerging Portfolios
Purple attach rate exceeded 50% on licenses sold in Q4; Prompt Security ARR more than doubled sequentially; Data ARR surpassed $130M; Cloud security ARR surpassed $160M; Wayfinder crossed $100M ARR; Endpoint achieved double-digit ARR growth.
Operational Cash and Capital Allocation Strength
Ended FY2026 with $770M in cash, cash equivalents and investments, no debt; delivered positive free cash flow for the second consecutive year with trailing-12-month FCF margin of 5%; repurchased 6.5M shares in the quarter (12.2M repurchased in FY2026).
2017 (sic) Guidance and Path to Improved Profitability
Guidance for FY2027 revenue $1.195B–$1.205B (~20% YoY at midpoint); operating income guidance $110M–$120M (~10% operating margin at midpoint); Q1 revenue guidance $276M–$278M (~21% YoY).
Strategic Wins, Partnerships and Market Recognition
Notable customer wins include Cloudflare (seven-figure deal) and large deployments (e.g., Fortune 100 financial services ~100k AI security licenses); signed multi-year infrastructure partnership with a global hyperscaler; achieved FedRAMP High authorization; won SIEM Innovation of the Year.