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Black Pearl (BPG) investor relations material
Black Pearl Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved $19.5m in Annual Recurring Revenue (ARR) at Q2 FY26 end, up 87% year-over-year and 39% quarter-over-quarter, with all four growth drivers—Pearl Diver, Bebop, B2B Rocket, and Wholesale—contributing.
Completed acquisition and integration of B2B Rocket, expanding the product suite and sales automation capabilities.
Raised $15m in capital, broadening the investor base with significant Australian institutional participation.
Filed application for ASX cross-listing, targeting completion in November to expand market access and visibility.
Clear path outlined to reach $50m ARR, focusing on innovation, acquisitions, and multi-product expansion.
Financial highlights
ARR reached $19.5m as of 30 September 2025, up 87% year-over-year and 39% quarter-over-quarter, the largest in company history.
Organic ARR growth (excluding B2B Rocket) was NZD 2 million or 11% for the quarter.
Revenue churn improved to 4.6%, down 0.3ppt quarter-over-quarter.
ARR per employee was $253k, down 4% quarter-over-quarter.
CAC payback period increased to 4.6 months, up 17% quarter-over-quarter.
Outlook and guidance
Targeting $50m ARR in 3–5 years, leveraging four compounding growth engines and a diversified product portfolio.
ASX listing targeted for November, expected to enhance visibility and access to capital.
Q3 expected to face higher customer acquisition costs due to US holiday season ad spend and major retail events.
Focus remains on integrating Pearl Engine data into B2B Rocket and scaling the multi-engine growth model.
Positioned for sustained, scalable growth through FY26 and beyond.
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