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Renewal Rate
Tracks the share of customers or contract value that renews subscriptions, indicating retention and revenue durability. High renewal rates mean predictable recurring revenue and satisfied customers; deteriorating renewal rates can foreshadow churn, weakening lifetime value and future growth.Renewal rates have been exceptionally stable around 98–99% for years, confirming strong customer stickiness and predictable recurring revenue; management’s 98% call-out reinforces that retention underpins the company’s large‑deal and AI upsell momentum. Small 97% blips are transitory and don’t meaningfully weaken RPO visibility, but retention alone won’t offset near‑term margin pressure from hyperscaler/AI consumption and higher sales headcount—future upside depends on converting renewals into higher‑ACV AI deals and price uplift rather than relying on churn improvement.
Date | Renewal Rate |
|---|---|
Jun 30, 2026 | 98.00 |
Mar 31, 2026 | 97.00 |
Dec 31, 2025 | 98.00 |
Sep 30, 2025 | 97.00 |
Jun 30, 2025 | 98.00 |
Mar 31, 2025 | 98.00 |
Dec 31, 2024 | 98.00 |
Sep 30, 2024 | 98.00 |
Jun 30, 2024 | 99.00 |
Mar 31, 2024 | 99.00 |