Siteminder (SDR) H2 2026 earnings summary

Executive summary

• Achieved FY26 annual recurring revenue (ARR) of $313.7m, up 24.1% year-over-year (constant currency, organic).

• Total revenue reached $266.1m, growing 22.0% year-over-year (constant currency, organic); reported revenue up 18.6%.

• Adjusted EBITDA surged 96.5% to $28.1m, with margin expanding 419bps to 10.6%.

• Adjusted free cash flow more than doubled to $10.5m.

• Smart Platform adoption and AI-driven operational improvements are driving growth, margin expansion, and productivity.

Financial highlights

• Subscription revenue grew 14.6% year-over-year (constant currency, organic) to $155.2m; transaction revenue increased 33.8% to $110.9m.

• Adjusted group gross margin expanded to 67.2%, with subscription gross margin at 87.0% and transaction gross margin at 39.4%.

• Monthly ARPU rose 9.3% year-over-year (constant currency, organic) to $429.

• LTV/CAC improved to 6.6x from 6.2x in FY25, with LTV up 9.2% year-over-year to $29,857 and CAC up 1.8% to $4,529.

• Adjusted free cash flow margin improved to 3.9% of revenue from 2.1% in FY25.

Outlook and guidance

• FY27 adjusted EBITDA margin expected to expand meaningfully, with ARR growth projected in the 20s percent range.

• By FY30, adjusted EBITDA margin targeted to reach mid-20s, supported by Smart Platform adoption and efficiency gains.

• ARR expected to grow at a CAGR in the 20s from FY26 to FY30 (constant currency, organic).

• Continued focus on Smart Platform adoption, AI-driven efficiencies, and operating leverage.