Paperless Parts Delivers Exceptional Q1 Results

Company Exceeds 86% YoY Net New ARR Bookings Growth, Achieves 93% Gross Revenue Retention

April 15, 2026

Boston, MA – Paperless Parts, the leading intelligence platform for the industrial supply chain, today announced strong first-quarter results, reporting above 86% year-over-year Net New ARR Bookings growth and Gross Revenue Retention over 93%. The results reflect the accelerating adoption of Paperless Parts across the manufacturing sector.

“Q1 was a fantastic quarter for Paperless Parts, including our best new bookings month ever in March. As we continue to help our customers optimize their business operations, we outperformed our financial plan and continue to build a company on a near-term path to sustainable profitability,” stated Scot Fredo, Paperless Parts’ Chief Financial Officer. “We’ve proven to be a capital-efficient company that invests in our people and our customers, while remaining financially disciplined to ensure durable, profitable growth.”

During the quarter, Paperless Parts acquired 37 new customers and booked 36 expansion deals with existing customers, yielding Net Revenue Retention of 103%. With these latest additions, Paperless Parts is now the preferred quoting solution provider to some of the most innovative and demanding manufacturers throughout the United States, Canada, Mexico, Australia, and New Zealand, including 20 of The Fabricator’s FAB 40.

“The manufacturing industry is undergoing a period of rapid transformation with many shops growing through acquisition and stand-alone shops looking to scale quickly to compete,” said Jason Ray, founder and CEO of Paperless Parts. “Either way, winning in this environment requires the operational infrastructure to coordinate capacity, respond to buyer demand, and quote at speed. Our new customer acquisition, expansion, and retention metrics over the past several quarters makes it clear that Paperless Parts is core to how they grow.”

For more information or to request a demo of Paperless Parts, please visit www.paperlessparts.com.

About Paperless Parts
Paperless Parts is the leading intelligence platform for the industrial supply chain. The platform uses AI to transform complex technical files into actionable intelligence, enabling manufacturers to quote with greater speed and accuracy, and sourcing teams to procure with greater precision and confidence. Trusted by hundreds of manufacturers and built on a FedRAMP Moderate Equivalent, CMMC-compliant foundation, Paperless Parts is purpose-built for the security and complexity demands of advanced manufacturing. To learn more, visit paperlessparts.com for quoting and estimating, or radar.paperlessparts.com for sourcing intelligence.

Media Contact
Alison MacDonald
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