Wrkr (WRK) Q3 2026 TU earnings summary

Executive summary

• Completed the PaidRight acquisition, integrating real-time pay compliance and 17 new employees, supporting collaboration and growth in AI and payroll compliance.

• Achieved strong platform momentum in Q3 FY26, with over 6,000 organizations onboarding, 50,000+ sessions, and $100 million+ in contributions processed.

• Major client wins include Rest Pay and AustralianSuper fully live, with boutique funds progressing to live status.

• Strategic partnerships and integrations with SAP and Workday finalized or nearing completion, enhancing enterprise compliance and market reach.

• Direct-to-market channel for small businesses is live, with strong engagement from the bookkeeping community.

Financial highlights

• Q3 FY26 cash receipts totaled $4.3 million, with $0.7–0.8 million from PaidRight and $0.8 million from overdue invoice collections.

• FY26 YTD cash receipts reached $11.49 million, up 68% year-over-year.

• Q3 operating cash outflows were $6.4 million, including $0.9 million from PaidRight, reflecting increased staff, legal, and acquisition costs.

• Cash and cash equivalents at quarter end were $12.48 million.

• PaidRight contributed approximately AUD 800,000 in cash receipts post-acquisition, with a revenue target of AUD 4 million for FY26.

Outlook and guidance

• Expects significant uptick in transaction-based revenue between April and December 2026 as employer onboarding accelerates.

• Most of the revenue curve anticipated to be achieved by December, with phased adoption for mid-market and small businesses.

• Positioned to benefit from Payday Super reforms effective July 2026, with infrastructure ready for legislative changes.

• Confident in meeting cash flow needs despite increased costs, with operational efficiencies expected as onboarding completes.

• Targeting AUD 50 million ARR, with potential delay of about a year due to phased onboarding of additional funds.