Argo — Q1 2026 Product Metrics

Argo operations

Q1 2026 Updated April 20, 09:14 UTC

Q1 2026 product metrics

Jan 01 — Mar 31

A working view of where the product stands going into Q2. Numbers are pulled live from Snowflake; charts refresh every 15 minutes. Owner: Priya Mehta · Last review: April 19.

Monthly Active Users

48,420

▲ 14.2%

vs Q4 · 42,400

ARR

$8.42M

▲ 22.8%

vs Q4 · $6.86M

Net Revenue Retention

118%

▲ 4 pts

vs Q4 · 114%

Gross Margin

74.6%

▼ 1.4 pts

vs Q4 · 76.0%

Active users — last 90 days

Daily active users · seasonal dips marked

DAU Avg: 11,840

Revenue by plan tier

Monthly · stacked, $ thousands

Pro Team Enterprise

        March total
        $782,400
      

Activation funnel — Q1 2026

Signup → Activated (first project shipped) → Paid

Cohort: 18,240 signups

Signed up

18,240

100%baseline

Activated

11,308

62.0%+5 pts QoQ

Invited team

6,931

38.0%+2 pts QoQ

Converted

2,553

14.0%+1.2 pts QoQ

What we shipped

Material releases, Q1 2026

42 PRs merged

Mar 12

Argo v3 — workspace overhaulFEAT

New canvas, multi-cursor editing, and the long-promised "compare runs" view. Driving the late-March DAU spike.

Feb 24

SSO + SCIM for EnterpriseFEAT

Okta, Azure AD, Google. Unblocked three deals in the pipeline that were stalled on procurement.

Feb 06

Migrated ingest to NATSINFRA

Replaced the legacy SQS pipeline. Cut p95 ingestion latency from 1.4s to 280ms; halved the on-call pager volume.

Jan 18

Onboarding rebuildFIX

Replaced the 7-step wizard with a 3-screen guided flow. Activation moved from 57% to 62% within four weeks.

Risks & bets

Top of mind for Q2

Risk · High

Single-cluster dependency in EU

Frankfurt region still serves all EU traffic. If we lose it, RTO is 4h. Multi-region migration scoped for May.

Risk · Medium

GPU cost on inference path

v3 features pushed compute spend up 38% MoM. Margin slipped 1.4 pts. Need to land caching layer by end of April.

Bet · Q2

Self-serve Team tier

Open Team plan to direct credit-card signup. Modeling suggests +900 paid accounts and ~$420K incremental ARR by year end.

Bet · Q2

Argo for vendors

Embeddable analytics surface for our customers' end users. Two design partners signed, one already in beta.