INVESTORS · Q2 2026 UPDATE

Building the operations layer for the warehouses we forgot to digitize.

Hundreds of thousands of small and mid-sized warehouses still run on spreadsheets because real WMS costs six figures and six months to deploy. Shipider is a calm, capable, token-priced platform that meets them where they are — and grows with them.

REVENUE GROWTH
↗ Strong
quarter over quarter, recurring
NET RETENTION
≥ 100%
expansion outpaces churn
GROSS MARGIN
SaaS-grade
multi-tenant, capital efficient
CAC PAYBACK
Short
PLG + low-touch onboarding
// 01 — WHY WE EXIST

A massive market still running on Excel.

The global warehouse management software market is enormous and growing — but the bottom 80% of warehouses by count have never had a real option. The incumbents priced them out and never came back.

01

Huge & growing

Warehouse software is a multi-billion-dollar market expanding faster than software overall, powered by 3PL boom, eCommerce returns, and reshoring.

02

Aged & on-prem

Most installed WMS systems were built before mobile, before the cloud, and before any modern UX. They quote in six figures and deploy in quarters.

03

Underserved at the base

Small and mid-sized warehouses make up the vast majority of facilities. They've been stuck between Excel and enterprise — until now.

// 02 — THE WEDGE

Where we play, where they don't.

We sit in the wide gap between Excel and enterprise WMS — accessible price, real workflow, no hardware barrier. The incumbents can't follow us down market profitably.

Operators graduate up.

Once volume passes the spreadsheet pain threshold, they need a real system — but can't justify enterprise pricing.

We sit in the gap.

Real workflow, real audit trail, real reports — without the six-figure contract or scanner-gun hardware tax.

Legacy can't follow.

Their go-to-market depends on long sales cycles and integrators. Their economics break below a certain deal size.

// 03 — TRACTION

Compounding, quietly.

We don't publish exact numbers on a public page — but the shape is what investors care about. Growth is compounding, retention is healthy, and expansion is the dominant driver.

RECURRING REVENUE · DIRECTIONAL
Trending up and to the right
↗ COMPOUNDING
Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
CUSTOMERS
Growing

3PLs, eCommerce brands, mid-market manufacturers — every cohort still expanding.

WAREHOUSES ONLINE
Multi-warehouse

Customers regularly add additional sites once the first warehouse is live.

EXPANSION
Outpacing churn

Token usage grows faster than account loss — net revenue retention above one.

// 04 — WHY IT WORKS

Four structural advantages.

None of these alone is novel. Stacked together, in this segment, they are. This is the durable part of the business.

Token pricing aligns incentives

Customers pay for actual operational work. Unused capacity isn't a tax. Adoption isn't capped by a seat license. The customer wins when they grow — and so do we.

Low-touch onboarding

Sign up, configure a warehouse, scan a pallet in five minutes — no installer, no consultant, no $5,000 scanner gun. CAC stays small because the funnel does the work.

Multi-tenant from day one

Built for 3PLs serving many customers under one roof. Tenant isolation is structural, not a bolt-on — so we scale per-customer logic without scaling cost.

Capital efficient

SaaS-grade margins, a small focused team, and a product surface area we can hold in our heads. We don't need to spend ahead of revenue — and we don't.

// 05 — ECONOMICS

The unit shape is healthy.

We anchor against SaaS benchmarks rather than publish month-by-month numbers on the public page. The qualitative picture is consistent.

LTV : CAC
3× benchmark
Comfortably above the 3× SaaS benchmark.
CAC PAYBACK
12 mo benchmark
Short. PLG funnel does most of the heavy lifting.
GROSS MARGIN
SaaS norm
Multi-tenant architecture keeps incremental cost low.
NET RETENTION
100% line
Expansion (more warehouses, more usage) outweighs churn.
BURN MULTIPLE
1.0× threshold
Operating disciplined — efficient growth, not bought growth.
// 06 — ROADMAP

From operations layer to the warehouse OS.

The platform has earned the right to operate inside warehouses. Each phase compounds on the last — adjacencies open up only because the core is real.

PHASE 01
Operations layer

Inbound, outbound, maker-checker, pallets, locations, reports. The thing we sell today.

Now
PHASE 02
Marketplace & integrations

First-party connectors for the platforms our customers already live on — Shopify, carriers, marketplaces, accounting.

Next
PHASE 03
Intelligence

Slotting, demand prediction, anomaly detection — applied on top of the cleanest dataset any of our customers have ever had.

Soon
PHASE 04
Warehouse OS

Adjacent surfaces — finance, freight, capacity marketplaces — running on the same operational primitives.

Later
// 07 — TEAM

A small team that has done this before.

Founders with logistics and SaaS backgrounds, an engineering team that ships into production every day, and advisors who have built and sold enterprise software at scale.

Operators

Founders and early team have spent years inside 3PLs, fulfillment centers, and B2B logistics operations. We are the user.

Builders

Senior engineers with experience shipping multi-tenant SaaS, financial systems, and large-scale data infrastructure.

Advisors

Operators and angels from supply chain software, vertical SaaS, and PLG-led GTM. Pattern-matched, not just well-meaning.

// LET'S TALK

Want the actual numbers?
Reach out.

We share the data room with qualified investors under NDA. Send a short note about your thesis and we'll route you to the right place.

Press & analyst inquiries also welcome at support@shipider.com.