SingleStore Delivers Record Performance in the Second Quarter of Fiscal Year 2026

SingleStore Inc., the leading data platform for enterprise AI, announced its financial results for the second quarter of FY 2026, delivering exceptional growth and strong operational progress.During the period, SingleStore executed on its growth strategy to bring high-performance, AI-optimized data infrastructure to more marquee customers globally. The company capitalized on accelerating demand for AI-enabled applications, as enterprises worldwide adopt next-generation solutions to enhance efficiency, productivity and innovation. At the same time, SingleStore maintained a strong focus on financial and operational discipline.

Q2 FY26 Financial Highlights
In the second quarter, SingleStore achieved record growth, with the following highlights:

• ARR of over $123 million at the end of Q2, growing 23% Yoy
• Q2 Total Net New ARR grew 34% vs. the same period last year
  • Q2 New Logo ARR grew more than 200% YoY
  • Q2 Managed/Cloud Services Net New ARR grew more than 80% year-on-year; now representing more than 35% of total ARR, with a three-year CAGR of 47%
• Free cash flow for the last 12 months of negative ~$2 million, within touching distance of break even
• Gross dollar retention continues to remain at 95%
• At the end of the period, the company had more than $150 million in cash and zero debt, providing a robust balance sheet for continued, growth both organic and inorganic

Q2 FY26 Operational Progress
In executing its growth strategy, SingleStore reached several important operational milestones, including:

• Best-in-class net retention rate of 114% reflecting customer satisfaction and product value
• A number of new marquee customers, including four Fortune 500 companies, further strengthening the company’s 400+ strong customer base
• Entry into Japan, where there is substantial demand for ultra low-latency, AI-ready database solutions

“The work we’ve done over the past 18 months to bring next-generation AI performance to enterprises worldwide has delivered unprecedented results, and I am delighted with our team’s performance,” said Raj Verma, CEO, SingleStore. “We are seeing clear evidence that our strategy and execution are working. Customers are scaling with us, retention is world-class and we’re operating with outstanding financial discipline. Our pipeline is deeper and healthier than ever, and I have tremendous confidence and excitement for what the future holds for us.”

“With a strong, established management team in place, SingleStore has an excellent financial and operational foundation on which to build further momentum and capture the expanding global opportunity in enterprise AI,” he added.