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Black Pearl Group
Black Pearl Group (BPG) investor relations material
Black Pearl Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Jan, 2026
Executive summary
Achieved NZD 23.7 million in ARR as of 31 December 2025, up 114% year-over-year and 22% quarter-over-quarter, marking the strongest single-quarter organic ARR growth in company history.
Growth was broad-based across Pearl Diver, Bebop, and B2B Rocket, with all high-value products contributing and a strategic shift toward contracted annual SaaS and DaaS.
DaaS revenue, which was zero a year ago, now approaches 36–40% of ARR, with churn remaining at 0% after 8 months.
The company is focused on high-value, contracted revenue streams and plans to evolve toward Platform as a Service.
Successfully listed on the ASX and continued integration of group ventures, focusing on higher-value customers and scaling DaaS.
Financial highlights
ARR per employee reached NZD 306,000 as of 31 December 2025, up 21% from Q2 FY26 and 13% year-over-year, reflecting improved operating leverage.
CAC payback period improved to 3.9 months, down from 4.6 months in Q2 FY26 and a 3% decrease year-over-year.
SaaS revenue churn was 8.3% as of 31 December 2025, down 1.1ppt year-over-year from 9.4% in Q3 FY25; DaaS churn remained at 0%.
DaaS now represents 36% of group recurring revenue.
All product lines contributed to ARR growth.
Outlook and guidance
Clear path to NZD 30 million and NZD 50 million ARR, with multiple growth engines compounding in parallel.
Focus remains on efficiency, execution, and cash utilization, with a goal of reaching cash neutrality around NZD 30 million ARR if no further acquisitions or new product launches occur.
Each venture is progressing toward positive EBITDA, and the Pearl Engine continues to grow in value.
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Next Black Pearl Group earnings date
H2 202627 May, 2026
Black Pearl Group
Next Black Pearl Group earnings date
H2 202627 May, 2026
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Frequently asked questions
Black Pearl Group Limited is a technology company that develops and markets software solutions aimed at enhancing data-driven decision-making for businesses. The company offers tools and platforms that enable organizations to analyze customer data, optimize marketing efforts, and improve customer engagement. Black Pearl Group’s solutions cater to businesses across various industries, providing insights and analytics to support targeted growth and operational efficiency. The company is headquartered in Wellington, New Zealand, and its shares are listed on the NZX.
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