Felix Group (FLX) H2 2026 earnings summary

Executive summary

• FY26 saw a 38% year-over-year revenue increase, reaching $13m in contracted ARR as of June 30, 2026, with a gross margin of 58%.

• New leadership team appointed in 2026, including a Chairman, CEO, and CFO with strong SaaS backgrounds.

• Commercial momentum accelerated in Q4, with 7 new enterprise customers and 5 expansion deals, totaling $495k in new enterprise ARR.

• Platform activity grew across all participation measures, with 73,300 active vendors and increased RFQ activity.

Financial highlights

• FY26 revenue grew 38% year-over-year.

• Gross margin for FY26 was 58%.

• Cash and cash equivalents stood at $3.4m as of June 30, 2026.

• Enterprise Contracted ARR reached $7.5m, Nexvia ARR grew 26% YoY to $3.7m, and Marketplace ARR increased 3% YoY.

Outlook and guidance

• FY27 targets include launching a unified Vendor ID product, achieving 1,000 paying vendor users, and over 15% revenue growth.

• Continued focus on expanding enterprise customer base and increasing platform activity between enterprises and vendors.