Coheris (COH) H1 2026 TU earnings summary

Executive summary

• Revenue for the first half of 2026 reached €7.7M, up 9.0% year-over-year compared to the first half of 2025.

• Growth was driven by strong increases in subscription and service revenues, offsetting declines in perpetual license and maintenance revenues.

Financial highlights

• Subscription (annual license) revenue rose 15.4% to €4.1M, now 54% of total business revenue.

• Perpetual license and maintenance revenue fell 32.3% to €0.9M, now 11% of total business revenue.

• Service revenue increased 22.1% to €2.7M, representing 35% of total business revenue.

• Annual recurring revenue (ARR) as of June 30, 2026, was €11.3M, up 5.7% from December 31, 2025.

Segment performance

• Subscription revenues continued to grow, now making up the majority of business revenue.

• Service revenues saw significant growth due to new project wins.

• Perpetual license and maintenance revenues declined as expected, reflecting a shift in business model.