WALLIX GROUP (ALLIX) Q2 2026 TU earnings summary

Executive summary

• H1 2026 revenue reached €20.6m, up 14.2% year-over-year, with 81% from recurring business and a shift toward subscriptions and managed services.

• Monthly recurring revenue (MRR) increased 19.4% to €2.8m as of June 30, 2026, marking the fourteenth consecutive quarter of hypergrowth.

• Expanded global presence with over 4,000 active contracts in more than 100 countries and a retention rate above 95%.

• Recognized as a European leader in identity and access cybersecurity, with certifications in France and Germany and analyst recognition.

• 183 new contracts were signed in H1 2026.

Financial highlights

• Recurring revenue grew 24.1% to €16.6m, now representing 81% of total revenue.

• Subscriptions increased 41.5% to €7.3m; maintenance revenue rose 13.2% to €9.3m.

• Non-recurring revenue declined 14.8% to €3.9m.

• Annual recurring revenue (ARR) reached €33.1m at the end of June 2026.

• France turnover up 11.6% to €12.2m; EMEA excl. France up 21.6% to €8.1m.

Outlook and guidance

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

• Focused on expanding in the enterprise segment, scaling channel partnerships, and strengthening presence in Germany and Northern Europe.

• Regulatory drivers (NIS2, DORA, IEC 62443) and AI adoption expected to expand the addressable market, especially in mid-sized companies and public sector.