ExaGrid Posts Record Q3 Bookings, Revenue on Accelerating Growth…

Event summary

ExaGrid reported record Q3 2026 bookings and revenue, with double-digit growth YoY for both metrics.
The company exceeded its plan in all three quarters of 2026, with accelerating growth rates.
Over 50% of bookings came from international markets, with installations in 108 countries.
ExaGrid maintained 23 consecutive quarters of P&L, EBITDA, and free cash flow positivity.
The company released version 8.1 of its software, adding support for Cohesity DataProtect and enhanced security features.

The big picture

ExaGrid's record Q3 performance underscores the growing demand for specialized backup storage solutions, particularly those offering enhanced security against ransomware. The company's ability to maintain profitability while expanding internationally positions it favorably in a competitive market. Its strategic focus on integrating with multiple backup applications could further solidify its market leadership.

What we're watching

International Expansion: Whether ExaGrid can sustain its strong international growth, particularly in non-US markets.
Competitive Positioning: How ExaGrid's tiered backup storage approach will differentiate it from competitors in the long term.
Product Innovation: The pace at which ExaGrid can integrate new backup applications and enhance security features.