Board Pack
Friday, September 18, 2026
ConfidentialInternal
The story so far
Revenue over the last 30 days reached $24.1K at a 58% gross margin. Developer activation is at 77% and growing week-on-week. Two areas need attention: node supply (Reliability Score median is 71, just below the 80 target) and FAR Pay top-up reliability, where failure rate ticked up 0.8 pp this week.
Revenue (90 days)
USD, daily
Active developers (30 days)
Made a request in window
Active nodes (30 days)
Online + processing + idle
Gross margin (90 days)
Revenue − payouts − infra
Developer NPS (proxy)
Promoter share - detractor share
Revenue 30d
$24.1K
+18.4% vs prior period
Active devs
1,771
+14.7% vs prior period
Active nodes
3,164
+4.2% vs prior period
Gross margin
58%
+1.2pt vs prior period
P0 / P1 open
17
−1 vs prior period
Risks to watch this quarter
- Node supply growth rate — supply growing at half the pace of developer demand. Apple Silicon and AMD ROCm support are the two primary supply unlocks.
- FAR Pay partner onboarding — each new enterprise partner requires manual integration today; self-serve is needed to scale BD without linear headcount.
- Geographic concentration — 38% of revenue from MENA + EU. LATAM is growing 4× but remains under-served in node capacity.
FAR Labs · Internal use only · Confidential