Adveritas (AV1) Q2 2026 TU earnings summary

Executive summary

• Achieved record annualised recurring revenue (ARR) of $14.25 million at 31 December 2025, up 17% from the previous quarter and 82% year-over-year.

• Cash receipts from customers reached $3.2 million, representing 110% growth from the prior quarter and 68% year-over-year.

• Focused on product development, including AI capabilities, and expanded into new verticals and geographies, notably North America.

• Strengthened media agency channel and signed multiple meta and affiliate agreements.

Financial highlights

• ARR increased to $14.25 million, up from $12.2 million in September 2025 and $7.8 million in December 2024.

• Cash receipts for the quarter were $3.2 million, with significant growth driven by customer prepayments.

• Operating expenditure for the quarter was $3.9 million, consistent with prior quarters.

• Strong cash balance of $6.85 million at quarter end.

• Net cash used in operating activities was $78,000 for the quarter.

Outlook and guidance

• Continued focus on AI strategies to improve client ROI and reduce acquisition costs.

• Ongoing expansion in global sports betting, online gaming, and new verticals such as e-commerce.

• Plans to enter additional agency partnerships and scale US operations.

• Strong momentum and early indicators of sustained growth into the March 2026 quarter.