Black Pearl Group (BPG) Q2 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2025 earnings summary
16 Jun, 2026Executive summary
Annual recurring revenue (ARR) reached $10.4 million as of 30 September 2024, up 126% year-over-year and 22% quarter-over-quarter.
Subscription revenue totaled $1.7 million, an 86% year-over-year increase and 14% quarter-over-quarter growth.
Gross profit margin held steady at 73%, up from 70% in Q2 FY24.
ARR per employee rose to $282k, a 95% year-over-year and 12% quarter-over-quarter increase.
Recent oversubscribed private placement signals strong investor confidence.
Financial highlights
New ARR per quarter grew 108% year-over-year.
Average revenue per Pearl Diver customer increased 91% year-over-year.
Outlook and guidance
Targeting $20 million ARR within 12 to 18 months.
Focus on operational efficiency and revenue growth in Q3.
Initiatives include structural improvements and leveraging new high-value data sources.
Latest events from Black Pearl Group
- Q1 FY25 delivered strong revenue and ARR growth, with expanding US SME market opportunities.BPG
Q1 202516 Jun 2026 - ARR up 70% to $12.5m, 91% subscription growth, and $12.5m capital raised for US expansion.BPGH2 202516 Jun 2026
- ARR up 87% YoY to $19.5m, with strong growth, new ventures, and expanded capital base.BPGH1 202616 Jun 2026
- ARR up 114% YoY to $23.7m, DaaS at 40% of revenue, and cash neutrality targeted at NZD 30M ARR.BPGQ3 202616 Jun 2026
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- ARR up 114% YoY to $26.8m, DaaS churn at 0%, and CAC payback improved to 3.5 months.BPGQ4 202621 Apr 2026
- Strong growth, new revenue strategies, and U.S. market focus amid rising competition.BPGAGM 20242 Feb 2026
- Strong ARR growth, product innovation, and U.S. expansion drive ambitious future targets.BPGAGM 202516 Nov 2025
- Strong revenue growth, share placement ratification, and executive updates highlighted.BPGAGM 202513 Nov 2025