Banqup Group (BANQ) Q3 2026 earnings summary

Executive summary

• 9M 2026 continuing-operations revenue and client-money income rose 10.6% YoY to €34.05m; subscription revenue grew 43.0% to €11.57m.

• ARR reached €44.41m at September 2026, up 19.3% like-for-like YoY, supported primarily by Belgian e-invoicing momentum.

• Commercial focus, platform migration and cost optimisation remain central to the path toward sustainable profitability.

Financial highlights

• 9M 2026 digital revenue increased 16.3% YoY to €31.20m; transaction revenue rose 5.1% to €12.32m and other digital revenue rose 4.4% to €7.31m.

• Traditional communication revenue fell 28.1% YoY to €2.85m.

• Digital gross profit, including net income from client money, rose 16.9% YoY to €18.92m.

Outlook and guidance

• ARR growth guidance is approximately 20% by year-end, in line with current trading; reassessment of human-in-the-loop OCR services drove the revision.

• Adjusted EBITDA margin guidance of approximately 3% of revenue was withdrawn following the change in scope of continuing activities.

• Full-year 2027 cost savings are targeted at 15%–20% of the current cost base while maintaining a growth-oriented model.