STRATA
FY26 Q1 Results
FY26 Q1 Results

Durable
growth.

ARR, net retention, and free cash flow.

$1.2B
ARR
$1.2B
Headline metric
Equity analysts
Prepared for
01 / 20
The problem

Software multiples reset hard — rewarding efficient growth over growth at any cost.

enterprise software teams feel it every week: the status quo scales cost, not outcomes. There is no clean upgrade path — only rip-and-replace.

02 / 20
Market
01
$1.2B
ARR
02
128%
Net retention
03
31%
FCF margin

Bottom-up, the reachable market clears a nine-figure ceiling before expansion.

03 / 20
[ FULL-BLEED · enterprise software hero image ]

Rule of
50.

04 / 20
How it works
STEP 01
Connect
Map the whole enterprise software surface in under an hour. No migration.
→
STEP 02
STRATA core
Golden paths become policy, enforced at runtime.
→
STEP 03
Deliver
Teams self-serve safely with audit and rollback for free.
05 / 20
The product

One surface your whole equity analysts lives in.

01
Live graph
Every dependency, owner, and cost in real time.
02
Policy-as-code
Guardrails that block bad changes automatically.
03
Attribution
Every dollar tied to a team and a decision.
[ product UI screenshot ]
06 / 20
Traction

ARR, last 8 quarters

$1.2B
+227% YoY
25
50
75
100
150
180
228
266
325
414
476
571
Q3·24Q4·24Q1·25Q2·25Q3·25Q4·25Q1·26Q2·26
07 / 20
Why now

Three forces converging

01
01

Demand

enterprise software budgets are shifting from headcount to platform.

02
02

Technology

The primitives finally exist to do this at the edge.

03
03

Distribution

A bottom-up motion the incumbents can’t run.

08 / 20
Adoption

Active accounts

M1M3M6M9M12M15M18
actualguide
09 / 20
Landscape
STRATA
Legacy A
Point tool B
DIY
Breadth → ↑ Depth
10 / 20
Two
Part Two

The details.

Segment revenue and FCF bridge.

11 / 20
Detail

Unit economics

This yearLast yearYoY
Revenue571414+52%
Gross margin78%71%+7 pts
Net retention134%119%+15 pts
Payback11 mo17 mo−6 mo
12 / 20
Where it goes

Use of funds

01
Engineering & product44%
02
Go-to-market33%
03
Operations & reserve23%
13 / 20
Cohorts

Retention by cohort

M0
M3
M6
M9
M12
Jan
100
88
79
72
68
Apr
100
90
82
76
—
Jul
100
91
85
—
—
Oct
100
93
—
—
—
LOWHIGH
14 / 20
Roadmap

The next 18 months

Now → Q2
Land
Own the enterprise software beachhead with a self-serve motion.
Q3 → Q4
Expand
Enterprise controls, SSO, and the partner program.
2027
Platform
Open the API and the marketplace.
15 / 20
“
In their words

“This is what disciplined compounding looks like.”

Analyst desk
Coverage note
16 / 20
Revenue mix

Where the money comes from

0100%
44%
33%
23%
Platform 44%
Services 33%
Marketplace 23%
17 / 20
Team

Built by operators

[ photo ]
Analyst desk
Co-founder & CEO
[ photo ]
A. Rivera
Co-founder & CTO
[ photo ]
M. Osei
VP Product
[ photo ]
L. Chen
VP Revenue
18 / 20
In one number
$1.2B

ARR growing 29% with a 31% free-cash-flow margin — Rule of 60.

19 / 20
STRATA

Durable growth.

investors.strata.cloud
[ QR ]
20 / 20