ExaGrid Announces Record Q3 2025 – the Best Q3 in Company History

ExaGrid Systems Inc., the industry’s only Tiered Backup Storage solution with Retention Time-Lock (RTL) that includes a non-network-facing tier (creating a tiered air gap), delayed deletes and immutability for ransomware recovery, announced that it continues to grow and drive Free Cash Flow (FCF) and EBITDA.The company is having another record bookings and revenue year and was Free Cash Flow positive, P&L positive, and EBITDA positive for its 19^th consecutive quarter. ExaGrid added 164 new customers in the quarter. ExaGrid has continued to have over 70% of its new logo customer bookings come from six- and seven-figure purchase orders and in Q3, 40% of the new customer count was from six- and seven-figure deals.

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ExaGrid now has more than 4,800 active upper mid-market to large enterprise customers that use ExaGrid Tiered Backup Storage to store and protect their data. ExaGrid’s customer retention rate remains very high, creating a strong existing customer repeat business.

ExaGrid supports more than 25 backup applications and utilities including: Rubrik, Veeam, Commvault, NetBackup, HYCU, Mongo DB, Oracle RMAN direct, SQL Dumps direct and many others. Earlier this year, ExaGrid also announced that it will support Cohesity DataProtect in the first half of 2026.

ExaGrid is a financially strong company generating positive cash each quarter and with zero debt of any kind. ExaGrid is the largest independent backup storage vendor in the world.

Highlights of Q3 2025

• Added over 160 new customers
• 19^th consecutive quarter of Cash, EBITDA, and P&L positive operations
• 50% of ExaGrid’s business comes from existing customer re-orders
• 49% of the business came from outside the US
• Adding over 14 more sales regions worldwide
• Released Version 7.3.0 which included support for Rubrik, support for MongoDB Ops Manager, and added deduplication for encrypted Microsoft SQL Server direct dumps

“We are pleased that we have achieved 19 consecutive quarters of free cash flow and EBITDA. Revenue and EBITDA continue to grow year over year. We are the largest independent backup storage vendor, and we continue to add support and integration with more backup applications which offers value to our existing customers as they can add or change backup applications and utilities while protecting their backup storage investment in ExaGrid,” said Bill Andrews, president and CEO, ExaGrid. “We’ve hit well over 4,800 active customer installations worldwide. ExaGrid continues to have an over 70% competitive win rate replacing primary storage behind the backup application from Dell, HPE and NetApp and others, as well as inline deduplication appliances such as Dell Data Domain, HPE StoreOnce and NetBackup appliances.”