SingleStore, the leading data platform for enterprise AI, today 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% year-on-year
• Q2 Total Net New ARR grew 34% vs. the same period last year
  • Q2 New Logo ARR grew more than 200% year-on-year
  • 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 of 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.

The company will unveil recent innovations and share more details on its product roadmap at its annual user event, SingleStore Now, to be held October 1 at Nasdaq MarketSite in New York City.

Use of Non-GAAP Financial Measures

This press release contains certain non-GAAP financial measures, including “ARR”, “Free Cash Flow”, “Gross Revenue Retention” and “Net Retention Rate”. These measures are not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Management believes these non-GAAP measures provide investors with additional insight into the company’s operational performance and financial results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure is included in the accompanying tables.

About SingleStore

SingleStore empowers the world’s leading organizations to build and scale cutting-edge AI applications using the only data platform that allows you to transact, analyze and search data in real time. With streaming data ingestion, support for both transactions and analytics, horizontal scalability and vector and full text search capabilities, SingleStore helps deliver 10-100x better performance at 1/3 the costs compared to legacy architectures. Customers worldwide — including Fortune 500 companies and global data leaders — use SingleStore to power real-time AI applications and analytics. Follow us @SingleStoreDB on X, @singlestore on Bluesky, or visit www.singlestore.com to learn more.

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