Text (TXT) Q1 26/27 TU earnings summary

Executive summary

• Q1 2026/2027 MRR reached USD 7.46 million (ARR USD 89.52 million), up 4% year-over-year and 7.6% quarter-over-quarter, driven by the end of LiveChat pricing grandfathering and customer migrations to annual plans.

• Payments received in Q1 totaled USD 24.19 million, up 10.8% year-over-year and 7.2% quarter-over-quarter, with April being the strongest month.

• Share of customers paying over USD 500/month rose to over 55% of MRR, and nearly 40% of customers now use at least two products.

• Annual revenues in PLN declined by just over 7%, but only 0.5% in USD terms due to currency effects; FY 2025/26 revenue was USD 88.2 million.

• Operating profit and net profit for the year fell by 28.4% and over 29%, respectively, reflecting higher costs for product development, customer acquisition, and cloud infrastructure.

Financial highlights

• Q4 2025/26 EBITDA was PLN 37.6 million with a 47% margin; annual EBITDA declined nearly 24% year-over-year.

• Q4 2025/26 net sales: PLN 79.9 million (-10.2% y/y); EBIT: PLN 36.8 million (-24.7% y/y); net profit: PLN 28.6 million (-22.5% y/y).

• Deferred revenue at year-end was PLN 67 million; cash position strong at PLN 62.7 million after dividend payments.

• Revenues and net profit in Q4 were slightly below analyst expectations, but margins exceeded forecasts.

Outlook and guidance

• Margins expected to benefit from recent growth, cost optimizations, and end of LiveChat pricing grandfathering, though marketing spend may rise.

• Dollar strength could support Q2 results if the trend continues; USD/PLN exchange rate volatility may impact margins.

• Tangible results from new go-to-market and communications strategy for Text expected toward end of calendar or financial year.