WALLIX GROUP (ALLIX) Q4 2025 TU earnings summary

Executive summary

• Achieved annual revenue of €40.6 million in 2025, up 19.2% year-over-year, with strong growth in recurring revenue and contract signings, and improved profitability.

• Monthly recurring revenue (MRR) rose 29.1% to €2.6 million at year-end; annual recurring revenue (ARR) reached €31.6 million.

• Signed over 375 new contracts in 2025, reaching 3,907 active contracts by year-end, with a 95% retention rate and over 100% renewal of recurring contracts.

• Entered a new cycle of profitable growth, with operating profit close to breakeven for the full year and significant margin improvement in the second half.

• Business momentum driven by essential industries and significant growth in operational technology (OT) sectors.

Financial highlights

• Recurring revenue rose 24.4% to €28.7 million, representing 70.7% of total revenue, driven by a 44.3% increase in subscription revenue.

• Subscriptions grew 44.3% to €11.4 million; maintenance revenue increased 14.1% to €17.3 million.

• Operating losses narrowed from €9.5 million in 2023 and €5.7 million in 2024 to near breakeven in 2025.

• Quarterly revenue growth was consistent, with all quarters in 2025 showing double-digit increases year-over-year.

• Turnover in France grew 17.3%, EMEA (excluding France) 23.9%, while USA and Rest of World declined 20.9%.

Outlook and guidance

• Entering a profitable growth trajectory in 2026, with further profitability improvements and controlled investments expected.

• Strategic focus on simplifying operations, enhancing AI product roadmap, and expanding in Germany and Northern Europe.

• Launch of WALLIX One Console to unify solution management and drive operational efficiency.

• High visibility for 2026, with more than two-thirds of revenue expected to be recurring.

• Focus on deploying the product roadmap and business development, especially in Germany and Northern Europe.