DUG Technology (DUG) Q3 2026 TU earnings summary

Executive summary

• Achieved strong year-on-year growth and significant margin expansion in FY26 Q3, with first nine months' results surpassing all of FY25.

• Growth driven by demand for MP-FWI Imaging technology and expansion in new and emerging regions.

• Recurring 4D project volume and high-margin Software and HPC revenues enhanced earnings quality.

• International expansion strategy continues to build a robust pipeline for future growth.

Financial highlights

• Total revenue for FY26 Q3 was $22.4m, up 35% year-over-year; nine-month revenue reached $62.7m, up 39%.

• Services revenue grew 16% YoY to $15.3m for the quarter and 25% YoY to $47.1m for the nine months.

• Software revenue increased 34% YoY to $3.8m for the quarter and 32% YoY to $7.9m for the nine months.

• HPC revenue surged 526% YoY to $3.3m for the quarter and 382% YoY to $7.7m for the nine months.

• Normalised EBITDA for the quarter was $7.9m, up 49% YoY; operating cash flow was $16.2m, up 399% YoY.

Outlook and guidance

• Growing pipeline and recurring project volume position the business well for future growth.

• International expansion and high-margin revenue streams expected to continue enhancing earnings quality.