Annual Report · Fiscal Year 2025 · GRND: YEET

Down and to the Right

The year in downward force: what we threw, what we refused to throw, and why the most important number here is zero.

1.4B
Lifetime throws
$182M
ARR
0
Regret incidents
99.98%
Ground-contact SLA

FY2025, visualized

The year in downward force.

Annual recurring revenue ($M)

131.4 182.0 FY24 FY25
▲ +38.5% YoY

Avg. daily throws (M)

3.2 4.2 FY24 FY25
▲ +31.3% YoY

Ground-contact SLA

99.98% attainment
▲ +0.01 pt YoY

Regret incidents

0

Blocked 100% of attempts to throw a protected class.

0.0% — every year on record

Figures are unaudited, fictional, and directionally down. The business, however, is up.

01Letter from the CEO

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. Yeeterprise was built to answer that — and this year we answered it 4.2 million times a day.

We grew average daily throws 31%, closed a $48 million Series B, expanded Managed Yeeting into three new regions, and shipped Apex Forecasting to every Business and Enterprise customer. In Q4 we began Yeetings, our video-collaboration platform — proof that 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: regret incidents for the year, as every year. Volume is a tailwind — gravity does that work. Zero regret is a choice, made on every throw, 1.4 billion times without exception.

We do not take the ground for granted. We thank it for its uncomplaining reliability.

— Dana Voss, Co-Founder & Chief Executive Officer

02Business highlights

  • Trajectory Cloud reached GA of Apex Forecasting, giving customers board-ready P50/P90 landing zones before committing to an arc.
  • Managed Yeeting tripled its certified-operator corps and held a 0.7-second average time-to-ground.
  • The Do-Not-Yeet registry grew responsibly to 84 protected asset classes, each added after an event we would prefer not to relive.
  • Yeetings, our video-collaboration platform, reached internal preview — extending governance to the meeting, where the wrong participant can never be thrown from a call. Meetings that land are coming.

03Selected financials

Figures are unaudited, fictional, and directionally down.

($ in millions, except throws)FY2025FY2024Δ
Annual recurring revenue182.0131.4+38.5%
Gross margin81%78%+3 pts
Average daily throws (M)4.23.2+31.3%
Ground-contact SLA attainment99.98%99.97%+0.01 pt
Objects correctly restrained (M)3.11.9+63.2%
Regret incidents000.0%

04Governance & the Do-Not-Yeet program

Our most important control prevents the wrong throw. In FY2025 the policy engine checked every launch against the registry and blocked 100% of attempts to throw a protected class. Board oversight remained continuous; the Chief Regret Officer reported the regret figure to the audit committee each quarter — zero every quarter.

The registry itself is public and searchable — a deliberate choice. Restraint, unlike velocity, is best shared.

05ESG recap

Consistent with our inaugural report, "Our Posture Is Down," we pursued biodegradable landings wherever the payload allowed, maintained inclusive throwing, and treated the Do-Not-Yeet registry as our entire governance pillar, which it is.

06Outlook

We are revising full-year downward-force guidance up, expecting 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.

Forward-looking statements. This report contains forward-looking statements about objects not yet thrown. Actual ground contact may vary. Nothing herein constitutes throwing advice.

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