WALLIX GROUP (ALLIX) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 turnover reached €9.7 million, up 14.6% year-over-year, with 82.7% from recurring business, an increase of 6.7 percentage points.

• Monthly recurring revenue (MRR) as of March 31, 2026, rose 21.0% to €2.6 million, more than doubling over three years.

• Annual recurring revenue (ARR) as of March 31, 2026, was €31.8 million.

• 2026 targets reaffirmed: hypergrowth in recurring business, positive operating earnings, and positive free cash flow.

Financial highlights

• Recurring business accounted for 82.7% of Q1 2026 turnover, up from 76.0% in Q1 2025.

• Subscriptions revenue grew 44.2% year-over-year, maintenance up 13.0%, while license revenue declined 23.6%.

• Recurring business (subscriptions + maintenance) increased 24.7% year-over-year.

Outlook and guidance

• Full-year 2026 guidance confirmed: focus on hypergrowth in recurring business, positive operating earnings, and positive free cash flow.

• Growth to be driven by enhanced offerings, expanded enterprise teams, and new strategic partnerships.