Latent View Analytics (LATENTVIEW) Q2 25/26 earnings summary

Executive summary

• Achieved 11th consecutive quarter of sequential revenue growth, reaching INR 257 crores in Q2 FY26, reflecting a 9.1% QoQ and 23.2% YoY increase, with a 1,000 crore annualized run rate.

• Achieved $100 million revenue milestone in FY25, doubling revenue since FY22, driven by strong client relationships and industry vertical growth.

• Transitioned to a public company, expanded data and AI capabilities, and executed strategic acquisitions for innovation.

• Recognized as a preferred analytics partner for Fortune 500 companies, with multiple industry awards and expanded global footprint.

• Integration of Decision Point acquisition is yielding synergies, with combined consumer goods practice expected to grow 28% YoY.

Financial highlights

• Revenue for Q2 FY26 was $29.6M, up 18.8% YoY and 7.2% QoQ; LTM revenue reached $111.1M.

• Consolidated revenue from operations for Q2 FY26 was ₹2,575.42 million, up from ₹2,089.50 million in Q2 FY25; half-year revenue was ₹4,935.65 million, up from ₹3,878.30 million year-over-year.

• Adjusted EBITDA for Q2 FY26 was $580M (22.5% margin), up 23.5% YoY and 11% QoQ.

• PAT margin at 16% for the quarter; Basic EPS (consolidated) for Q2 FY26 was ₹2.15, up from ₹1.94 in Q2 FY25.

• Cash balances remain strong, with active pursuit of M&A in data engineering and AI.

Outlook and guidance

• Revenue growth guidance raised to 19%-20% for FY26, with no change to the $200-220 million three-year target.

• Full-year EBITDA margin expected at 22%-23% due to increased investments.

• Focus on deepening client relationships, expanding nearshore centers in Canada, Mexico, and LATAM, and increasing APAC presence.

• The company transitioned to the new corporate tax regime, resulting in a reduced tax rate and a deferred tax credit of ₹48.7 million in Q1 FY26.