HELIX · Q1 '26 BOARD 01 / 05

QUARTERLY UPDATE · APRIL 2026

# Compounding on a market that finally moved.

One quarter of clean execution. Six numbers that matter. One ask.

HELIX02 / 05

## Operating Metrics

Annual Recurring Revenue
$1.37B
▲ 38% YoY
Net Retention Rate
128%
▲ 200 bps
Paying Customers
42,850
▲ 24% YoY
Gross Margin
82.4%
▲ 140 bps
Free Cash Flow
$112M
▲ 55% YoY
CAC Payback
11 mo
▼ 1 mo
INSIGHT · WHY NOW03 / 05

NET RETENTION

128%
▲ 200 bps from Q4

## Expansion took over from new logos as the primary growth engine this quarter.

Multi-product adoption crossed 47% of the base. The median paying customer now runs Helix in three workflows, up from two in Q4.

HELIX · THE ASK04 / 05

BOARD APPROVAL · Q2 SPEND

## $38M expansion into the EU, starting with Amsterdam.

Eleven hires. Three months. First ARR booked by end of Q3.

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