Text (TXT) Q3 25/26 TU earnings summary

Executive summary

• Q3 2025/26 saw MRR decline 1.7% year-over-year and 1.1% quarter-over-quarter to USD 6.98 million, slightly better than forecasted.

• Payments received in Q3 were USD 21.89 million, up 2.1% year-over-year but down 1.6% quarter-over-quarter.

• Larger customers (MRR ≥ USD 500) now account for over 51% of total MRR, up 8 percentage points year-over-year.

• Share of customers paying for multiple products rose 10 percentage points to 37.2%.

• API revenue exceeded USD 100,000 for the first time, with a 60% quarter-over-quarter increase.

Financial highlights

• Payments received for the 2025 calendar year totaled USD 88.42 million, essentially flat year-over-year.

• Net sales in H1 2025/26 dropped 4.9% year-over-year to PLN 167.6 million.

• EBIT fell 29.5% to PLN 65.3 million, and net profit declined 30.9% to PLN 59.7 million in H1 2025/26.

• EBITDA for H1 2025/26 decreased 25.1% to PLN 78.3 million, with a margin of 46.7%.

• Revenue in Q2 2025/26 in USD was flat year-over-year at USD 22.1 million, but the weaker USD/PLN exchange rate negatively impacted reported results.

Outlook and guidance

• 2026 will focus on expanding product reach, scaling go-to-market efforts, and enhancing distribution channels.

• Optimism for future growth, but management remains cautious due to ongoing market challenges.

• No mandatory migration to the new Text app planned yet; process will be gradual and customer-focused.

• No formal financial guidance provided, but continued investment in infrastructure and product development is expected.

• Management notes that the presented data are preliminary and may differ from final periodic report figures.