GetBusy (GETB) H1 2026 earnings summary

Executive summary

• Upgraded ARR expectations for 2026 and 2027, driven by SmartVault's accelerated growth, AI monetization, and new business from UltraTax and Intuit ProConnect integrations.

• Strategic position in the US tax ecosystem with platform-agnostic, SOC 2 Type 2 audited cloud DMS.

• Wórkiro returned to growth, leveraging AI, new partnerships, and Virtual Cabinet migrations, with strong retention and higher ARPU.

• Group ARR rose 12% year-over-year at constant currency to £24.0m, with recurring revenue up 11% and total revenue up 11% year-over-year.

• AI capabilities, especially SmartRequestAIⓇ, are driving significant value creation and monetization opportunities.

Financial highlights

• Group H1 2026 revenue rose 14% year-over-year to £11.96m; ARR reached £23.99m, up 12% at constant currency.

• SmartVault H1 2026 ARR grew 22% YoY to $19.1m; recurring revenue up 20% YoY to $9.3m; adjusted EBITDA $1.6m (16% margin).

• Wórkiro H1 2026 ARR £9.7m (+1% YoY); adjusted EBITDA £1.2m (25% margin); 32,000 users.

• Group adjusted EBITDA for H1 2026 was £0.6m, up 40% YoY; gross margin was 85.8% (down from 87.5% in H1 2025).

• Net bank debt stood at £0.7m, with available cash funds of £2.3m as of June 2026.

Outlook and guidance

• Group expects ~20% ARR growth for FY26, driven by ARPU expansion and new business.

• SmartVault EBITDA margin projected to approach 20% for FY26, with further enhancement in FY27.

• Wórkiro anticipates growth from Virtual Cabinet migrations, new partnerships, and TaxCalc collaboration.

• Well-funded with £2.3m cash and a £3m credit facility committed to December 2028.