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Pexip (PEXIP) investor relations material
Pexip Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 25% YoY to $32.9m; ARR reached $143.5m, up 17% YoY, led by Secure & Custom growth of 27%.
Adjusted EBITDA increased to $9.7m from $5.2m; free cash flow rose to $8.6m from $2.8m.
Secure video software can be deployed on-premises, in private clouds or across global clouds, serving organizations with strict data-control and security requirements.
Financial highlights
Q3 revenue was $32.9m vs. $26.3m YoY; gross profit was $28.9m vs. $23.6m.
Adjusted EBITDA was $9.7m vs. $5.2m; reported EBITDA was $9.7m vs. $4.7m, and EBIT was $8.3m vs. $3.3m.
Profit before tax rose 119% YoY to $7.2m; net financials were -$1.1m, primarily due to exchange-rate losses.
Q3 self-hosted software revenue grew 31% to $15.8m; Pexip as-a-Service revenue grew 19% to $17.1m.
Revenue growth outpaced ARR growth partly due to revenue-recognition timing and delivery of two large three-year software contracts in Q3.
Outlook and guidance
Q4 ARR guidance is $144m–$150m; the wider range reflects uncertainty over one Connected Spaces customer and a possible $3m–$4m ARR reduction.
Secure & Custom is expected to deliver another strong quarter, with large deals potentially closing on either side of year-end.
Long-term ambitions are consistent double-digit ARR growth, Secure & Custom growth above 25%, and EBITDA margin above 30%.
Market prospects are supported by demand for sovereign control of data and IT platforms, custom video workflows, and stronger security amid AI and quantum-computing advances.
- ARR rose 21% YoY; EBITDA profitability targeted from Q4 2022.PEXIP
Trading update - Secure video platform leader posts 18% ARR growth and strong margins, targeting $145M ARR in Q3 2026.PEXIP
Company presentation - 18% ARR growth and 31% EBITDA margin, led by Secure & Custom and Defense.PEXIP
Q2 2026 - Q1 revenue up 30%, ARR up 17% to $135M, and EBITDA margin reached 46%.PEXIP
Q1 2026 - ARR up 16% to USD 131M, EBITDA margin at 28%, and NOK 4.0 per share dividend proposed.PEXIP
Q4 2025 - Double-digit ARR growth, high margins, and strong partnerships drive expansion in secure video solutions.PEXIP
Morgan Stanley European Technology Media & Telecom Conference 2024 presentation - Secure video conferencing leader posts $113M ARR and double-digit growth, driven by innovation.PEXIP
DNB's Small & Medium Enterprises Conference 2025 presentation - Q3 2025: 16% revenue growth, 12% ARR growth, 30% Secure and Custom ARR growth, 25% EBITDA margin.PEXIP
Q3 2025 - Q2 revenue up 14% with higher margins and upgraded 2024 growth and profitability outlook.PEXIP
Q2 2024
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