Nuix (NXL) H2 2026 earnings summary

Executive summary

• FY26 delivered profitable growth, with revenue up 18.8% to $263.2m and ACV reaching $260.0m, within guidance.

• Nuix Neo ACV surged 179% to $78.5m, now 30% of total ACV across 135 customers.

• Adjusted Management EBITDA increased 60.4% to $59.8m, with margin expanding to 22.7%.

• Strong cash generation, with underlying cash flow up 154% to $51.0m and net cash position at $49.9m post-Linkurious acquisition.

• Strategic reset included restructuring go-to-market, integrating Linkurious, and shifting from feature selling to platform value.

Financial highlights

• ACV rose 13.9% year-over-year; organic ACV up 8.6% (11.1% in constant currency).

• Revenue up 18.8% (17.1% excluding Linkurious); multi-year deals now 35% of revenue, up from 27%.

• Adjusted Management EBITDA up 60.4% to $59.8m; statutory EBITDA up 40.5% to $66.9m.

• Statutory NPAT was $16.4m, reversing a prior year loss.

• Free cash flow reached $37.4m, up from $4m in the prior year; free cash flow conversion ratio at 85%.

Outlook and guidance

• FY27 ACV guidance: $285m–$300m, driven by continued Nuix Neo momentum.

• Adjusted Management EBITDA for FY27 expected to be similar to FY26 due to a one-off $15m R&D Accelerator investment.

• Growth expected to be weighted to the second half, underpinned by renewals, upsell, and new customers.