SingleStore, a leading data platform for enterprise AI, announced on September 4, 2025, its financial results for the second quarter of fiscal year 2026, showcasing record-breaking growth and operational milestones. The company reported a 23% year-over-year increase in annual recurring revenue (ARR) to over $123 million, driven by strong demand for AI-optimized data infrastructure and strategic market expansion, including entry into Japan.
Financial Highlights (Q2 FY2026, ended July 31, 2025):
ARR: $123M, up 23% YoY.
Total Net New ARR: +34% YoY; New Logo ARR: +200% YoY; Managed/Cloud Services Net New ARR: +80% YoY (35% of total ARR).
Free Cash Flow: Negative ~$2M over the last 12 months, nearing breakeven.
Cash Reserves: $150M, zero debt.
Gross Dollar Retention: 95%; Net Retention Rate: 114%.
Operational Milestones:
Added four Fortune 500 customers, growing its 400+ customer base.
Expanded into Japan, targeting demand for low-latency, AI-ready databases.
Leadership Quote: “Our strategy and execution are working,” said CEO Raj Verma.
Stock Context: SingleStore is privately held, no public stock data available.
SingleStore’s Q2 FY2026 performance reflects its focus on delivering high-performance, AI-optimized data infrastructure:
Revenue Growth: Achieved $123M in ARR, a 23% YoY increase from ~$100M in Q2 FY2025, driven by a 200% YoY surge in New Logo ARR and 80% growth in Managed/Cloud Services ARR, which now accounts for over 35% of total ARR with a three-year CAGR of 47%.
Financial Discipline: Free cash flow improved to negative ~$2M over the past 12 months, nearing breakeven, supported by a robust balance sheet with $150M in cash and zero debt.
Customer Metrics: A 114% net retention rate and 95% gross dollar retention highlight strong customer satisfaction and expansion within its 400+ customer base, including new Fortune 500 clients like Comcast and Uber.
Market Expansion: Entered Japan to meet demand for ultra-low-latency, AI-ready database solutions, building on its global footprint serving 320+ customers in 2023.
CEO Raj Verma stated, “The work we’ve done over the past 18 months to bring next-generation AI performance to enterprises worldwide has delivered unprecedented results. Customers are scaling with us, retention is world-class, and we’re operating with outstanding financial discipline.” He added, “Our pipeline is deeper and healthier than ever.”
SingleStore’s growth aligns with the $60 billion database market, projected to grow at a 15% CAGR through 2030, fueled by demand for real-time analytics and AI applications. The company’s Q2 results build on its 2024 acquisition of BryteFlow and recognition as a Centaur company, surpassing $100M ARR. Its hybrid transaction-analytical processing (HTAP) capabilities and vector search enhancements position it against competitors like Snowflake and Databricks. The upcoming SingleStore Now event on October 1, 2025, at Nasdaq MarketSite will unveil further innovations.
SingleStore’s financial discipline and $150M cash reserve support both organic growth and potential acquisitions, following its $558M in total funding, with the latest $146M Series F round in October 2022 led by Goldman Sachs.
Founded in 2011 and headquartered in San Francisco, SingleStore provides a real-time data platform for enterprise AI, enabling transactions, analytics, and search with 10-100x better performance at one-third the cost of legacy systems. Serving over 400 customers, including Fortune 500 leaders, it supports AI applications and analytics with streaming data ingestion and horizontal scalability.
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