Stakk (ASX:SKK) posted an annual recurring revenue (ARR) run rate of AU$8.5 million in the second quarter of fiscal 2026, up from AU$18,000 in the second quarter of fiscal 2025, according to a Wednesday Australian bourse filing.
The company generated AU$3.6 million in total booked revenue in 2025, reflecting a compounded quarterly growth rate of 222%, helped by tier 1 US clients.
The company said that several recently contracted clients are yet to commence recurring billing, supporting continued ARR expansion into this year.
The company remains on track to reach breakeven in this year, underpinned by software-as-a-service operating leverage and retains a "strong" balance sheet, with cash of AU$15.1 million at the end of the second quarter of fiscal 2026, up from AU$470,000 at the end of the second quarter of fiscal 2025.
The company's shares fell past 6% in recent Wednesday trade.
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