Annual Report · Fiscal Year 2025 · NASDAQ: YEET
Our record of the year in downward force: what we threw, what we refused to throw, and why the most important number in this document is zero.
To our shareholders, operators, and the ground,
Fiscal 2025 was the year the market stopped asking whether things should be thrown on the ground and started asking whether they were thrown correctly. That is the question Yeeterprise was built to answer, and this year we answered it 4.2 million times a day.
We grew average daily throws 31%. We closed a $48 million Series B. We expanded Managed Yeeting into three new regions and shipped Apex Forecasting to every Business and Enterprise customer. And in the fourth quarter, we quietly began work on Yeetings, our video-collaboration platform — proof that the discipline of governed downward force belongs not only in the warehouse, but in every meeting.
But the number I am proudest of is not on the growth chart. It is zero: the count of regret incidents for the year, as it has been every year. Volume is a tailwind; gravity does much of that work for us. Zero regret is a choice we make on every throw, and this year we made it 1.5 billion times without exception.
We do not take the ground for granted. We thank it for its continued, uncomplaining reliability.
— Dana Voss, Co-Founder & Chief Executive Officer
Figures are unaudited, fictional, and directionally down.
| ($ in millions, except throws) | FY2025 | FY2024 | Δ |
|---|---|---|---|
| Annual recurring revenue | 182.0 | 131.4 | +38.5% |
| Gross margin | 81% | 78% | +3 pts |
| Average daily throws (M) | 4.2 | 3.2 | +31.3% |
| Ground-contact SLA attainment | 99.98% | 99.97% | +0.01 pt |
| Objects correctly restrained (M) | 3.1 | 1.9 | +63.2% |
| Regret incidents | 0 | 0 | 0.0% |
Our most important control is the one that prevents the wrong throw. In FY2025 the policy engine evaluated every proposed launch against the registry and blocked 100% of attempts to throw a protected class. Board oversight of throwing activity remained continuous; the Chief Regret Officer reported the regret figure directly to the audit committee each quarter, and each quarter it was zero.
The registry itself is public and searchable — a deliberate choice. We believe restraint, unlike velocity, is best shared.
Consistent with our inaugural report, "Our Posture Is Down," we pursued biodegradable landings wherever the payload allowed, maintained a policy of inclusive throwing, and treated the Do-Not-Yeet registry as the entirety of our governance pillar, which it is.
We are revising full-year downward-force guidance up. We expect average daily throws to grow 28–34% in FY2026, driven by Managed Yeeting expansion and the launch of Yeetings. Regret is guided to remain at zero. We intend, as ever, to keep it there.
Yeeterprise™