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Financial Analyst Today Model Close Board Setup

Q1 2026 board pack

Drafted from Northbridge Analytics' books & payments — cited to the source line, cross-checked by a second AI, and forwardable to your board.

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Executive summary

cross-checked

Q1 revenue landed at $1.20M, 14% below the $1.40M plan — driven by the Helix Robotics downgrade (−$1,400/mo) and two Build-tier churns (−$890/mo combined). Gross margin held at 78% vs the 76% plan as the Snowflake credits renegotiation closed ~$4,200/mo under budget. Net burn rose to $22k/mo (+15.8% vs plan); runway is 14 months to a cash-zero of ≈ July 2027 on the base scenario.

gl:pnl_2026-03_revenue stripe:helix_robotics gl:pnl_2026-03_cogs

Rehearse your board meeting

3 of 12

The toughest questions a skeptical board asks — each answered from the pack, cited.

  1. 1. Revenue missed plan by 14% — is this a one-off or the new trajectory?

    Two-thirds of the gap is a single account (Helix) downgrading, not broad softness — new-logo ARR held at $96k. The watch item is NRR at 96%; one more Pro→Starter move turns a one-off into a trend.

  2. 2. Burn is up 16% — what's driving it and where's the lever?

    Opex ran +$7k over plan, $4k of it the two Q1 hires loading in early. The fastest lever is the $19.1k in 91+ day receivables — collecting it pulls cash-zero out ~3 weeks.

  3. 3. At 14 months of runway, when do you need to raise?

    Base case puts cash-zero at ≈ July 2027. To raise with 6 months of buffer you'd open a round by ≈ Jan 2027; the downside scenario (growth stalls) pulls that to Sep 2026.

Commitments from last board

We checked the 3 things you told the board last quarter before drafting this.

  • Land 2 enterprise logos by end of Q1 Slipped — 1 of 2
  • Hold gross margin above 75% Met — 78%
  • Cut DSO below 40 days Open — 42 days

Sample board pack — example data. Connect your books to generate one from your own numbers.