What Did Nuix (ASX:NXL) Report in Its FY26 Annual Report, Including ACV, Profit and the Linkurious Acquisition?

Sonal Goyal

21 October 2026 04:53 PM AEDT

What Did Nuix (ASX:NXL) Report in Its FY26 Annual Report, Including ACV, Profit and the Linkurious Acquisition?

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Key highlights

Nuix reported FY26 Revenue of $263.2 million, up 18.8%, and ACV of $260.0 million, up 13.9%, in its Annual Report released 6 September 2026.
Statutory NPAT was $16.4 million compared with a $9.2 million loss, and adjusted management EBITDA was $59.8 million, up 60.4%.
Net cash was $49.9 million and underlying Cash Flow was $51.0 million, while the ASIC appeal and a class action remain unresolved.

NUIX Ltd (ASX:NXL) was trading at $1.778 on 21 October 2026, up 0.14% in the session. The S&P/ASX 200 Info Tech [XIJ] index was at 1,614.00, a fall of 3.38% (56.50 points), and the S&P/ASX 200 [XJO] was at 8,811.10, a fall of 0.066% (5.80 points), at 3:12 pm GMT+11. In the United States on Tuesday, the Dow added 1.02% to 52,495.88 and the S&P 500 rose 0.28% to 7,712.57, while the Nasdaq Composite dipped about 0.02% to 26,424.82 as several large technology stocks declined on reassessed valuations and upcoming corporate earnings. Nuix is a Sydney-based software company that provides investigative analytics and intelligence software for unstructured data.

What Nuix does

Nuix Limited provides software that collects, processes and reviews large volumes of structured and unstructured data, used by government agencies, regulated enterprises, large corporates and law firms for investigations, legal and privacy work. Its Nuix Neo platform processes data at up to 1.5TB per hour across more than 1,000 file types. In April 2026 it acquired Linkurious, a Paris-based graph visualisation and investigation technology company, to add link analysis capability.

FY26 financial results

In a market release dated 6 September 2026 attaching its annual report for the year ended 30 June 2026, Nuix reported revenue of $263.2 million, up 18.8% (17.1% excluding Linkurious), and ACV of $260.0 million, up 13.9% (8.6% excluding Linkurious). Adjusted management EBITDA was $59.8 million, up 60.4%, with the Margin at 22.7%, and statutory EBITDA was $66.9 million, up 40.5%. Statutory NPAT was $16.4 million, compared with a loss of $9.2 million in FY25.

Net dollar retention was 105.2%, down 2.2 percentage points on FY25. Multi-year deals rose to 35% of revenue. Underlying cash flow was $51.0 million, up 154%, closing cash was $69.9 million and net cash was $49.9 million, up 24.8%.

Products and AI modules

The annual report states that AI capabilities such as BYO AI and Semantic Search, along with Linkurious graph visualisation, are priced as discrete, opt-in modules intended to expand ACV per customer. It describes the Acquisition as integrating on plan.

Legal matters

The report states that in April 2026 the Federal Court of Australia dismissed ASIC’s enforcement proceedings against Nuix and its then directors over alleged continuous disclosure breaches and misleading conduct in 2021. ASIC has appealed only insofar as the decision concerns the company, and that appeal is pending. A Shareholder class action in the Supreme Court of Victoria also remains on foot; the trial concluded in September 2026 after about eight weeks and judgment has been reserved, with no timetable. The company said it will continue to defend both matters.

Sector context

Technology shares are being assessed against Earnings and valuations. During the session, the S&P/ASX 200 Info Tech index was at 1,614.00, down 3.38%, and the broader S&P/ASX 200 was at 8,811.10. In the United States, the Nasdaq is described as sensitive to corporate earnings and forward guidance and to artificial intelligence infrastructure spending. Data Analytics and investigative software providers serve government and legal markets and are exposed to AI-related regulation and currency, and the report references AI, automation and regulation as Demand drivers.

Risks and uncertainties

Net dollar retention declined year on year, and part of the ACV and revenue growth came from the Linkurious acquisition, with organic ACV growth of 8.6%. The ASIC appeal and the class action judgment are unresolved and carry potential financial and reputational effects. Acquisition integration, key personnel, customer concentration in government and legal sectors, currency and AI competition can also affect outcomes.

Catalysts to watch

Items to watch include the class action judgment, the ASIC appeal, Linkurious integration, adoption of the AI modules, net dollar retention trends and the next half-year result.

Final word

Nuix’s FY26 annual report recorded higher revenue and profit, positive cash flow and two unresolved legal matters. The next results will show how the acquisition and retention trends develop.

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