Growens (GROW) Q1 2026 TU earnings summary

Executive summary

• SaaS Annual Recurring Revenue (ARR) reached €14.9M as of March 2026, down 1% year-over-year in EUR but up 7% at constant currency.

• CPaaS gross sales rose 21% year-over-year in Q1 2026 to €17.1M, driven by new foreign customers and increased traffic from existing clients.

Financial highlights

• SaaS ARR in March 2026 was €14.9M (or $17.3M), compared to €15.0M in March 2025.

• CPaaS Q1 2026 sales were €17.1M, up from €14.1M in Q1 2025.

Segment performance

• Beefree (SaaS) posted a 1% decline in ARR in EUR terms, but a 7% increase at constant currency, impacted by the loss of usage-based revenue from a major customer and FX movements.

• Agile Telecom (CPaaS) achieved 21% sales growth in Q1 2026, reflecting both new customer acquisition and higher usage from existing clients.