DUG Technology (DUG) Q1 2026 TU earnings summary

Executive summary

• Total revenue for FY26 Q1 reached US$16.7 million, a 19% increase year-over-year.

• Services revenue grew 21% to US$14.4 million, while software revenue remained flat at US$1.6 million.

• HPC revenue surged 40% to US$0.7 million, with EBITDA up 65% to US$4.2 million.

• First revenue was recorded in Brazil, and continued growth was seen in the Middle East.

Financial highlights

• Operating cash inflow was US$0.4 million, an improvement of US$1.1 million year-over-year.

• Cash balance at quarter-end was US$12.5 million, with net debt of US$5.7 million.

• Services Order Book stood at US$51.9 million, up 46% year-over-year.

Outlook and guidance

• Record SaaS and HPCaaS contract signed, with revenue recognition expected in future quarters.

• International expansion, especially in Brazil and the Middle East, is expected to drive further growth.