Financial Performance - Dynatrace's Q4 2025 subscription revenue retention rate was in the mid-90s percentage range[37] - The company's FY25 annual recurring revenue (ARR) reached $1.73 billion[37] - Dynatrace achieved 14% year-over-year ARR growth in Q4 2025[37] - The company's FY25 net pre-tax free cash flow (FCF) margin was 32%[37] - Dynatrace anticipates FY26 ARR between $1.975 billion and $1.990 billion, representing a 14%-15% increase[59] - The company projects FY26 total revenue between $1.950 billion and $1.965 billion, a 15%-16% increase[59] - Dynatrace forecasts FY26 non-GAAP operating margin of 29%[59] - The company expects FY26 free cash flow between $505 million and $515 million, resulting in a 26% margin[59] Market and Strategy - The total addressable market (TAM) for observability is $14 billion, and for security is $85 billion[27] - Dynatrace has a go-to-market strategy targeting 15,000 customers across strategic enterprise and commercial segments[29]