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Dave Thornton

Partner

Vantage Cloud

Needs attention

Developer productivity platform giving engineering teams CI/CD pipeline observability and build-time insights.

DevTools / SaaSSeries CUnited StatesInvested Mar 14, 2022Lead: Dave

Next board meeting

Thu, July 30

in 2 days

Status rationale: ARR growth slowed to 9% QoQ as two enterprise renewals slipped into Q3, and gross margin softened on higher hosting costs.Updated Jul 22, 2026

ARR

£8.4m

Budget: £8.1m+4%

ARR Growth

9.0%

Budget: 11.3%-20%

Growth behind plan

Cash Balance

£4.1m

Budget: £4.0m+3%

Net Burn

£0.4m

Budget: £0.4m-5%

Runway

9.8 mo

Budget: 9.3 mo+5%

Gross Margin

68.0%

Budget: 77.3%-12%

Margin below budget

Net Revenue Retention

104.0%

Budget: 101.0%+3%

Churn

6.2%

Budget: 6.6%-6%

Pipeline Value

£5.6m

Budget: £7.2m-22%

Pipeline below plan

ARR Trend (last 5 quarters)

  • £6.0m
    Q2 25
  • £6.5m
    Q3 25
  • £7.1m
    Q4 25
  • £7.7m
    Q1 26
  • £8.4m
    Q2 26

Metrics

Actuals vs plan, with extraction confidence.

Metrics
MetricValuevs. planConfidence
ARR£8.4mOn plan
93%
ARR Growth9.0%Off plan
90%
Cash Balance£4.1mOn plan
95%
Net Burn£0.4mOn plan
81%
Runway9.8 moOn plan
77%
Gross Margin68.0%Off plan
46%
Net Revenue Retention104.0%On plan
58%
Churn6.2%On plan
50%
Pipeline Value£5.6mOff plan
40%