Boardwalktech Software (BWLK) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 saw the launch of two new products, Verity and Unity Central, and enhancements to Velocity with AI capabilities, alongside expanded partnerships with global technology leaders and contract wins with major enterprises.

• The company completed a strategic repositioning around AI-driven solutions, focusing on three product families and streamlining operations for improved efficiency.

Financial highlights

• Q4 FY26 revenue was $0.8M, down 18% year-over-year due to non-renewals; FY26 revenue totaled $3.6M, down from $4.8M in FY25.

• Q4 FY26 gross margin was 83.5%, down from 85.3% in Q4 FY25; FY26 gross margin was 85.2%, compared to 87.7% in FY25.

• Adjusted EBITDA loss for Q4 FY26 was $(0.3)M, a 63% improvement year-over-year; FY26 Adjusted EBITDA loss was $(1.6)M, improved from $(1.8)M in FY25.

• Q4 FY26 net loss was $(0.9)M; FY26 IFRS net loss was $(2.8)M, improved from $(3.2)M in FY25.

• SG&A expenses for FY26 were $4.7M, down $1.3M from FY25, reflecting cost alignment efforts.

Outlook and guidance

• Management expects revenue growth in FY27, driven by a stronger pipeline, new product traction, and expanded partnerships.

• Focus remains on converting pipeline opportunities, expanding within existing customers, leveraging partner networks, and achieving Adjusted EBITDA breakeven.

• Timing of enterprise deals remains uncertain, but the company enters FY27 with improved market positioning and commercial opportunities.