Cirata (CRTA) Q3 2026 TU earnings summary

Executive summary

• Delays in a small number of key contracts shifted expected closings toward Q4; customer and partner engagement remained active, with late-stage enterprise opportunities still live.

• No new customer logos were signed in Q3; converting late-stage opportunities became the priority for the rest of FY26.

Financial highlights

• Q3 billings were $1.3m, versus $0.5m in Q2 and $2.3m in Q1; RCB was $4.4m, versus $5.7m and $5.8m, respectively.

• Cash and short-term trade receivables totaled $7.3m at September 30, 2026: $6.2m cash and $1.1m receivables.

• Q3 cash overheads were $3.2m, within the FY26 annual range of $12m–$13m and more than 70% below peak.

Outlook and guidance

• FY26 outlook remained unchanged from the September interim results; the second half is weighted toward Q4 as larger enterprise opportunities progress.

• Q4 priorities are converting opportunities into new-logo wins, expanding existing customers, and improving business-model visibility and predictability.

• FY26 cash flow breakeven may be delayed if key contracts or related cash collections slip; a year-end update is planned, alongside continued cost discipline.