ExaGrid’s FY 2025 Results-A Record Quarter and a Record Year for Company

ExaGrid Systems Inc., the industry’s only Tiered Backup Storage solution with AI-Powered Retention Time-Lock (RTL) that includes a non-network-facing tier (tiered air gap), Auto Detect & Guard, delayed deletes and immutability for ransomware recovery, announced that it had record bookings and record revenue in the fourth quarter ending December 31, 2025, and had a record-year for bookings and revenue for 2025.ExaGrid broke many records in the quarter (Q4 2025), including:

• Record overall revenue and bookings
• Record revenue and bookings for new customers
• Record revenue and bookings for existing customer repeat orders
• Record 202 new logo customers in the quarter
  • Record 88 six-figure new logo customers
  • 3 seven-figure new logo customer deals

In addition, ExaGrid had a record bookings and revenue year in 2025 and remained P&L, EBITDA, and free cash flow positive for the 20th consecutive quarter. The company is 100% debt-free, demonstrating strong financial health as a company.

ExaGrid added 202 new customers in Q4 2025, including 88 six-figure new customer deals and 3 seven-figure “new” customer deals. ExaGrid will hit over 5,000 active-installed upper mid-market to large enterprise customers, in early 2026. These customers use ExaGrid Tiered Backup Storage every day to protect their data. ExaGrid is a Tiered Backup Storage Target for over 25 backup applications and utilities including: Veeam, Rubrik, Commvault, NetBackup, Oracle RMAN, Cohesity (Q2 2026), and many others listed on the ExaGrid website.

Highlights of Q4 2025:

• Strong competitive win rate at over 70% for the quarter
• Brought on 202 new customers
• 88 six-figure new customer deals and 3 seven-figure new customer deals
• Just under 5,000 customers protect their data with ExaGrid Tiered Backup Storage
• Sales and support teams in 30 countries and customer installations in over 80 countries
• Growing global sales-over 50% of the business came from outside of the United States
• Company remains Cash, EBITDA, and P&L positive over the last 20 quarters
• ExaGrid replaced a record number of Dell Data Domain appliances in the quarter
• ExaGrid released Version 7.4.0, which included the release of ExaGrid’s AI-Powered Retention Time-Lock feature: Auto Detect & Guard, and included new features to help MSPs track their customers’ data usage and separately provide the ability to restore an individual customer’s data in the case of a ransomware attack
• ExaGrid won “Backup & DR Innovation of the Year” as well as “Storage Hardware Innovation of the Year” and “Storage Vendor of the Year” at the MSP Channel Awards 2025 in December, adding to the 6 industry award wins earlier in the year at the Storage Awards, Data Breakthrough Awards, and the Network Computing Awards-for a total of 9 industry awards in 2025

“ExaGrid is continuing to grow with healthy financials, as shown by the past 20 quarters that we have maintained positive P&L, EBITDA, and free cash flow,” said Bill Andrews, President and CEO, ExaGrid. “We have sales teams in over 30 countries worldwide, and customer installations in over 80 countries. We continue to invest in our channel partnerships and worked with more reseller partners in 2025 than ever before. We released new features for our Managed Service Provider (MSP) partners in particular, so that MSPs can set up a specific share per customer, with data usage tracked and reported for billing per share, and so that ransomware recovery is available by customer. We have signed our first ‘Top 10’ worldwide Global Systems Integrator and will be signing with the second soon. We continue to replace primary storage behind the backup application as well as inline scale-up de-dupe appliances due to our unique architecture for the fastest backups, fast restores, true scalability with a fixed-length backup window as data grows, strong security, and the industry’s best ransomware recovery with our AI-Powered Retention Time-Lock.”

“We had a very successful 2025 and are looking to maintain the momentum with double-digit top line growth for 2026,” said Andrews.