Black Pearl Group (BPG) Q1 2026 earnings summary

Executive summary

• Achieved $14.0 million in ARR at Q1 FY26 end, up 63% YoY and 12% from Q4 FY25, driven by Bebop and Pearl Diver.

• Conditional acquisition of B2B Rocket would lift ARR to $17.5 million, a 105% YoY increase.

• Transitioned to a multi-driver growth platform with four active growth initiatives.

• New reporting structure focuses on SaaS performance metrics for greater transparency.

Financial highlights

• ARR per employee reached $264k, up 5% YoY and 7% from Q4 FY25.

• Revenue churn improved to 4.9%, down from 5.3% in Q4 FY25.

• CAC payback period was 4.0 months, a 24% improvement from Q4 FY25.

Outlook and guidance

• Positioned to accelerate toward $20 million ARR milestone, with visibility to $50 million and beyond.

• B2B Rocket acquisition expected to complete in Q2, further scaling product suite.