Key Highlights

  • SiteMinder Limited (ASX:SDR) reported FY26 adjusted EBITDA of $28.1 million, up 96.5% year-on-year, with shares trading at $2.77, up 0.73%, during the Trading session on 17 September 2026.
  • ARR increased 24.1% to $313.7 million on a constant currency and organic basis, while Revenue grew 22.0% to $266.1 million on the same basis.
  • Reported net loss narrowed to $11.3 million from $24.5 million in FY25, with adjusted free Cash Flow more than doubling to $10.5 million.
  • The company guided FY27 adjusted EBITDA Margin to expand meaningfully, with ARR growth in the 20s continuing on a constant-currency and organic basis.

SiteMinder Limited (ASX:SDR) shares traded at $2.77, up 0.73%, during the trading session on 17 September 2026. The hotel commerce platform provider recently released its results for the financial year ended 30 June 2026, reporting growth in revenue and ARR alongside a substantial improvement in profitability, achieved amid heightened geopolitical and global travel uncertainty.

FY26 Financial Results

SiteMinder reported ARR growth of 24.1% to $313.7 million on a constant-currency and organic basis, or 14.9% on a reported basis. Subscription ARR grew 15.1% (cc, organic) to $169.4 million, while Transaction ARR grew 37.1% (cc, organic), or 26.5% on a reported basis, to $144.3 million, despite cycling 48.3% growth in the prior year. Revenue grew 22.0% (cc, organic), or 18.6% on a reported basis, to $266.1 million, with Smart Platform-driven transaction revenue up 34% on both a constant currency and organic basis.

Adjusted EBITDA increased 96.5% to $28.1 million, with the adjusted EBITDA margin expanding 419 basis points to 10.6%. Reported EBITDA was $24.4 million, improving from $7.1 million in FY25, and included $3.8 million of restructuring and other costs. Adjusted free cash flow more than doubled to $10.5 million from $4.7 million in FY25. Reported net loss narrowed to $11.3 million from $24.5 million in FY25, while adjusted net loss improved to $7.6 million from $17.2 million.

The company noted that more than 85% of customer billings are denominated in currencies other than AUD, meaning the strengthening Australian dollar during FY26 negatively impacted reported performance, with constant currency measures providing a clearer view of underlying performance.

Smart Platform Momentum

Momentum across the company's Smart Platform accelerated during the year. Dynamic Revenue Plus now supports more than 50,000 rooms, more than double the level at the first half of FY26, with hoteliers benefiting from AI-powered capabilities and predictive Demand analytics. Channels Plus grew from 7,000 hotels in the first half to almost 10,000 hotels at year-end. Net property additions were 5,900, bringing total properties to 56,000. ARPU increased 9.3% (cc, organic), or 5.9% on a reported basis, to $429, with Transaction ARPU growing 19.3% on a constant currency basis, reflecting increasing Smart Platform adoption.

LTV/CAC expanded to 6.6x from 6.2x in FY25, with LTV increasing 9.2% to $29,857, outpacing a 1.8% increase in CAC to $4,529. Adjusted group gross margin increased 84 basis points to 67.2%, with adjusted transaction margins increasing 577 basis points to 39.4%, bolstered by Smart Platform contributions. Rule of 40, on a 12-month free cash flow basis, improved to 25.9% at the end of FY26 from 21.3% a year earlier.

FY27 and Longer-Term Outlook

SiteMinder said its consistent delivery, together with Smart Platform products and AI initiatives, underpins its outlook. In FY27, the company expects adjusted EBITDA margin to expand meaningfully, with ARR growth in the 20s supporting continued strong revenue growth on a constant-currency and organic basis. Looking further ahead, SiteMinder expects its adjusted EBITDA margin to reach the mid-20s by FY30, with ARR growing at a compound annual growth rate in the 20s from FY26 closing levels to FY30 closing levels on a constant-currency and organic basis. The company reported available funds of $61.6 million, comprising $31.6 million of cash and $30.0 million from an undrawn Debt facility.

Key Takeaways

SiteMinder reported substantial improvement in profitability for FY26, with adjusted EBITDA nearly doubling and reported net loss narrowing significantly, even as revenue and ARR growth moderated slightly against a challenging prior-year comparative and softer global travel conditions. Continued expansion of the company's Smart Platform, including Dynamic Revenue Plus and Channels Plus, alongside guidance for further margin expansion through FY30, points to a Business transitioning from a growth-at-cost model toward sustained, profitable scaling.