Socure reports Q1 2026 results with 62% year-over-year growth in Annual Recurring Revenue (ARR), reaching over $340 million in ARR. The company's RiskOS platform is transforming identity and fraud prevention.
Key Financial & Growth Metrics
New Bookings: Over $31M in new bookings closed during the quarter.
Net Dollar Retention: Maintained at 134%, indicating strong expansion within their existing customer base of over 3,000 customers.
Market Reach: Revenue from international use cases increased significantly as the platform expanded to support identity infrastructure across 190+ countries.
Strategic Highlights
Vertical Expansion: While traditionally strong in financial services, Socure saw accelerated growth in the public sector (130% growth), gaming, healthcare, and global ecommerce.
RiskOS Platform: The company's AI-native RiskOS decisioning platform remains the core driver, integrating "Global" and "Local" graphs to provide real-time, adaptive risk assessments.
Fraud Prevention Impact: Socure highlighted several "Q1 stories," including preventing $1B in fraudulent disbursements in higher education and stopping a $400M+ synthetic identity breach linked to DPRK operatives at a crypto exchange.
Notable Customers & Partners
The growth is supported by a diverse portfolio of high-profile clients, including:
Fintech & Crypto: Coinbase, Robinhood, and Geen Dot.
Consumer Tech: Uber, Bolt, and Checkr.
Public Sector: Federal Student Aid.
CEO Insight: Johnny Ayers noted that identity fraud is becoming "professionalized," with nation-state actors and AI deepfakes operating at enterprise scale, making a single, continuous layer of identity infrastructure a necessity for modern digital operations.