Norway · Delayed Price · Currency is NOK Pexip Holding ASA Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw robust ARR and EBITDA growth, driven by Secure and Custom solutions, especially in defense and national security. Free cash flow and margins improved, with strong customer retention and upsell. Outlook remains positive, with continued investment in AI and interoperability.
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ARR grew 17% year-over-year to $135M, with strong EBITDA margin and free cash flow. Secure and Custom led growth, driven by government and defense, while AI features boosted contract values by 20–30%. Q2 ARR guidance reflects a robust pipeline of large deals.
Fiscal Year 2025
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ARR grew 16% year-over-year to $131 million, with strong EBITDA and free cash flow growth. Secure and Custom and Connected Spaces segments both delivered double-digit ARR increases, driven by large deals and demand for secure, sovereign solutions.
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ARR grew 12% year-over-year to $122.2 million, with strong 30% growth in Secure and Custom and stable performance in Connected Spaces. EBITDA margin reached 25% on a 12-month basis, and new product launches and strategic partnerships are driving momentum.
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Q2 saw 11% ARR growth to $119M, strong EBITDA margin at 20%, and robust momentum in Secure and Custom Spaces, especially in defense and healthcare. Outlook remains positive, with continued ARR and margin growth expected, despite a temporary ARR headwind from a new partnership model.
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Q1 saw strong ARR and EBITDA growth, led by secure and custom solutions with 27% ARR growth year-over-year. A share buyback program and new Google interoperability solution were announced, while robust cash flow and a positive outlook support continued investment and expansion.
Fiscal Year 2024
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Q4 saw strong ARR and EBITDA growth, with Secure and Custom up 24% year-over-year and Connected Spaces up 5%. Major customer wins, new AI solutions, and expanded partnerships drove performance. Dividend of NOK 2.5 per share recommended for 2024.
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Q3 delivered strong ARR and EBITDA growth, with both connected spaces and secure/custom segments achieving double-digit year-over-year gains. Strategic partnerships, new product launches, and robust cash flow underpin a positive outlook, with guidance reaffirmed for 2024 and beyond.
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Q2 saw 14% revenue growth and 8.5% ARR growth, with strong performance in both Connected Spaces and Secure and Custom segments. 2024 guidance for ARR and EBITDA margin was raised, and new partnerships and product launches are expected to drive further growth.