WALLIX GROUP (ALLIX) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 saw record sales, with turnover up 22.2% year-over-year to €8.5 million, driven by strong demand for cybersecurity solutions amid geopolitical instability.

• Recurring business accounted for 76.1% of turnover, reflecting a robust subscription-based model.

• Strategic focus on compliance with new European regulations (NIS2, DORA) and expansion in key sectors like energy, industry, and banking.

Financial highlights

• Monthly recurring revenue (MRR) reached €2.2 million as of March 31, 2025, up 27.3% year-over-year.

• Annual recurring revenue (ARR) stood at €26.3 million as of March 31, 2025.

• Recurring business (subscriptions + maintenance) made up 76.1% of Q1 turnover, up from 75.2% a year earlier.

Outlook and guidance

• 2025 financial targets reaffirmed: hypergrowth in recurring business and achievement of operating profit for the full year.

• Growth expected to be driven by regulatory changes, geopolitical factors, and value enhancement of 3,500 active contracts.