Felix Group (FLX) Q3 2025 TU earnings summary

Executive summary

• Achieved third consecutive quarter of positive operating cash flow, with a $153k inflow in Q3 FY25, up from a $1.3m outflow in Q3 FY24.

• Secured seven contract expansions and one new customer, generating $352k in new Contractor ARR.

• Notable 3-year contract renewal with CIMIC Group, with a 29% increase in first-year license fee and $2.02m total value.

• Expanded internationally with new agreements in Canada, the US, Europe, the Middle East, and Africa.

Financial highlights

• Contractor ARR reached $6.7m, up 27% year-over-year; Group ARR at $8.6m, up 21% year-over-year.

• Net Revenue Retention (NRR) at 105% in Q3 FY25, up 3 percentage points from the prior quarter.

• Contractor MRR for March 2025 was $533k, a 25% increase year-over-year.

• Receipts from customers totaled $3.0m for the quarter.

• Cash balance at quarter end was $2.4m, up from $2.3m in the previous quarter.

Outlook and guidance

• Focus remains on maximizing Contractor ARR growth and maintaining positive operating cash flow.

• Strategic goal to monetize the Vendor Marketplace in the medium term as key modules and features are developed.

• Continued international expansion leveraging existing customer relationships and new geographies.