GetBusy (GETB) H2 2024 earnings summary

Executive summary

• Achieved annualised recurring revenue (ARR) of £21.6m, with 15% CAGR since IPO and 97% recurring revenue.

• 66,400 paying users and 1.2 billion unique content assets secured, with 3 million e-signatures processed annually.

• Focused on content management and workflow software for professionals, targeting £150m distributed cash by 2030 and £1bn+ market potential for Workiro.

• Strategic progress includes deepened Intuit partnership, new integrations, and acquisition of SmartPath.

Financial highlights

• Revenue for 2024 was £21.5m, up 3% year-over-year; recurring revenue £20.9m (+4%), non-recurring £0.6m.

• Adjusted EBITDA grew 43% to £1.5m; gross margin remained strong at 89.5%.

• Available cash at year-end was £4.1m, including a £2.0m loan facility.

• LTV:CAC ratio steady at 4:1; ARPU increased to £323.

Outlook and guidance

• Targeting sustained double-digit ARR CAGR and significant value creation in the US accounting market.

• 2025 started well with deepened SmartVault-Intuit partnership and growing Workiro enterprise pipeline.

• Improvement in ARR growth rate seen in H2 2024 expected to continue into 2025 and beyond.