Key Highlights

  • Nuix reported FY26 ACV of $260.0 million, up 13.9%, and revenue of $263.2 million, up 18.8%.
  • Nuix Neo ACV rose 179% to $78.5 million across 135 customers, and Adjusted Management EBITDA rose 60.4% to $59.8 million.
  • FY27 guidance is ACV of $285 million to $300 million and Adjusted Management EBITDA similar to FY26, including a one-off $15 million R&D Accelerator.

Nuix Ltd (ASX:NXL) shares were priced at $1.795 during the trading session on 19 October 2026, up 1.70%. Nuix provides investigative analytics and data intelligence software, including its Nuix Neo platform. On 24 August 2026, the company released its results for the full year ended 30 June 2026, covering financial results, the Nuix Neo migration program, the Linkurious acquisition, a go-to-market restructure, an update on the ASIC case and FY27 guidance. The price data relates only to the 19 October 2026 session and is separate from the release date.

FY26 financial results

Annualised contract value was $260.0 million, up 13.9% and within the previously guided range, or 8.6% higher excluding Linkurious. Revenue was $263.2 million, up 18.8%. Adjusted Management EBITDA was $59.8 million, up 60.4%, with the margin expanding to 22.7% from 16.8%. Statutory EBITDA was $66.9 million, and statutory NPAT was $16.4 million compared with a loss of $9.2 million.

Underlying cash flow was $51.0 million, compared with $20.1 million, and net cash was $49.9 million, up 24.8%. Net dollar retention was 105.2% and churn was 6.6%. Multi-year deals accounted for 35% of revenue, compared with 27% a year earlier.

Nuix Neo, Linkurious and strategy

Nuix Neo ACV increased 179% to $78.5 million across 135 customers, now 30% of total ACV. The Linkurious acquisition completed on 20 April 2026, contributed $12.0 million of ACV and, according to the company, is integrating to plan with early cross-product wins.

The company restructured its go-to-market approach for FY27, with two regional sales teams, a Chief Customer Officer and a dedicated Discover sales team, and unified product and technology teams under its CTO. It also described an AI strategy aimed at internal productivity and new revenue opportunities.

ASIC proceedings

The Federal Court dismissed all of ASIC's claims against the company and the then individual directors. ASIC has appealed the decision only insofar as it concerns the company, and the appeal is pending. The dismissal of claims against the individual directors is not subject to appeal and is final.

Market positioning, AI approach and webcast

The release states that the addressable market in enterprise unstructured data is multi-billion dollars in size, with more than 10,000 target accounts globally and current penetration below 10%. On AI, the company described dedicated AI roles, model-agnostic tooling and digital full-time equivalents as a measure of AI return on investment, and said the approach is designed to scale capacity rather than reduce headcount.

Management presented the results by webcast at 9:30am AEST on the release date. The FY27 guidance assumes an AUD/USD rate of 0.70, with a natural hedge from US-denominated costs partly mitigating currency effects.

Sector backdrop

Investigative analytics and data governance software serves legal, regulatory, government and corporate customers, and the release describes the addressable market in enterprise unstructured data as spanning investigations, compliance, privacy and AI. Providers in this area have been migrating customers to cloud-capable platforms and adding AI modules, and the company points to demand for data sovereignty and control as a feature of its architecture. Companies in the sector typically report ACV and net dollar retention alongside revenue.

Risks shareholders should weigh

The press release and the wider operating environment point to several considerations that shareholders may wish to weigh:

  • The ASIC appeal concerning the company is pending, and the outcome and timing are not known.
  • FY27 Adjusted Management EBITDA is expected to be similar to FY26 because of the one-off $15 million R&D Accelerator investment.
  • Growth is weighted to the second half of FY27, so guidance depends on renewals, upsell attach rates and new customer wins late in the year.
  • Churn of 6.6% was higher than the figure recorded at the half-year, although improved on the prior year.
  • FY27 guidance assumes an AUD/USD rate of 0.70 against an FY26 average of 0.68, so currency movements can change reported figures.

What's next

For FY27, the company expects ACV of $285 million to $300 million, growth in absolute Nuix Neo ACV from a higher base, Adjusted Management EBITDA similar to FY26 and growth weighted to the second half. The $15 million R&D Accelerator will be invested during FY27 across five platform areas. The new go-to-market structure becomes operational in FY27, and the ASIC appeal is pending.