Nuix Posts Strong Profit Recovery
Nuix Returns to Statutory Profit as Neo Platform Adoption Drives 60% EBITDA Surge
Key Points
Organic ACV growth excluding Linkurious was 8.6% for FY26 (11.1% in constant currency), indicating underlying momentum outside the acquired business.
Nuix Neo expanded to 135 customers in FY26, up from 75 in the prior year, underscoring rapid adoption alongside the broader platform move.
For existing customers migrating from Nuix's component solutions to Nuix Neo, the typical ACV uplift was 30–50%, illustrating tangible value from migration.
Nuix restructured its go-to-market to emphasise platform value over feature selling, including a unified product/technology approach and a one-off R&D Accelerator investment in FY27 to accelerate AI and platform capabilities.
ASIC-related legal updates: all ASIC claims against Nuix and its former directors were dismissed, with the appeal now remaining only for the company.
Nuix swung to profitability and accelerated platform growth in fiscal year 2026, reporting a 60% surge in adjusted EBITDA to $59.8 million while its Nuix Neo platform soared 179% to $78.5 million in annual contract value, now covering 135 customers Grafa Smallcaps. The Australian software firm posted revenue of $263.2 million, up 18.8%, as it shifted from selling individual features to selling its unified Neo platform with artificial intelligence tools built in Kalkinemedia.
Neo Platform Adoption Accelerates Across Customer Base
Nuix Neo expanded to 135 customers in FY26, more than doubling from 75 in the prior year Grafa. The platform now represents about 30% of Nuix's total annual contract value at $78.5 million Smallcaps. For existing customers migrating from component solutions to Neo, typical annual contract value increased by 30–50%, showing the value of moving to the unified platform Grafa.
Strong Core Growth Behind the Acquired Revenue
Organic annual contract value growth, excluding the Linkurious acquisition, reached 8.6% in FY26, or 11.1% in constant currency Smallcaps. This underlying momentum shows Nuix's base business is thriving without relying solely on deal-making. The Linkurious acquisition contributed about $12 million in annual contract value and $3.8 million in revenue Kalkinemedia.
Profitability Returns After Years of Losses
Nuix posted statutory net profit of $16.4 million for FY26, reversing a $9.2 million loss in the prior year Kalkinemedia. Adjusted management EBITDA grew 60.4% to $59.8 million with margins of 22.7%, while underlying cash flow jumped 154% to $51 million Grafa. The company also improved its net dollar retention to 105.2% and lowered customer churn to 6.6%, both strong indicators of sticky, growing customer relationships Smallcaps.
Multi-Year Deals Signal Shift to Recurring Revenue
Multi-year contracts climbed to 35% of revenue in FY26, a major shift toward more predictable, recurring income Kalkinemedia. Nuix restructured its sales approach to emphasize platform value over individual features, pairing it with a unified product and technology strategy Grafa. The company plans a one-off R&D Accelerator investment in FY27 to speed up AI and platform capabilities, backing its confidence in long-term growth Grafa.
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