Stakk reports A$16.1m Q1 FY27 pro-forma revenue, A$64.3m annualised pace
Stakk Limited (ASX: SKK) has reported unaudited pro-forma Group revenue of A$16.1 million for Q1 FY27, up approximately 16.5% on the preceding quarter. The figures include Stakk and ParaScript for the entire quarter.
The result sets an indicative annualised revenue pace of A$64.3 million. That is approximately A$9.1 million, or 16.5%, above the Company’s A$55.2 million FY2027 stated pro-forma revenue objective.
100% of that FY2027 revenue objective is already supported by recurring revenue under existing customer contracts, according to the announcement, dated 12 October 2026.
The headline figures:
- A$16.1M pro-forma Q1 FY27 revenue, up approximately 16.5% on the preceding quarter
- A$64.3M indicative annualised revenue pace
- A$55.2M FY2027 stated pro-forma revenue objective
- Approximately 151% growth in quarterly revenue since the March 2025 quarter on a combined pro-forma basis
The result follows FY2026, when reported revenue of A$14.89 million exceeded previously announced guidance of A$13.55 million by approximately 9.9%.
Stakk’s maiden operating profit forecast for FY2026 arrived ahead of the Board’s earlier timetable, and the FY2026 outturn above guidance reinforces that the business was already tracking ahead before ParaScript was added.
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Customer wins now converting into revenue
Ramp-ups feeding the P&L
Stakk said the Q1 result reflects the growing contribution of previously secured customer engagements as implementations and ramp-ups move into established revenue generation.
Over the past 12 months, the Group has announced wins and engagements involving SoFi (NASDAQ:SOFI), T-Mobile (NASDAQ:TMUS), Chime (NASDAQ:CHYM), the FBI, IBM (NYSE:IBM), Candescent, Panacea and several other significant enterprise customers.
With ramp-ups now complete for many of these engagements, their revenue contribution is increasingly evident in the Group’s financial performance. Management attributes the continuing growth to the need for trusted, accurate and auditable digital interactions, document processing and decisioning.
151% growth since March 2025
On a consistent pro-forma basis, quarterly revenue across the combined businesses has grown from approximately A$6.4 million in January through March 2025 to A$16.1 million in July through September 2026, an increase of approximately 151%.
The table below sets out the quarterly and annualised figures shown in the company’s chart.
| Quarter | Quarterly revenue (A$m) | Annualised revenue (A$m) |
|---|---|---|
| Q3 FY25 | **6.4** | **25.6** |
| Q4 FY25 | **7.4** | **29.6** |
| Q1 FY26 | **7.9** | **31.8** |
| Q2 FY26 | **9.4** | **37.8** |
| Q3 FY26 | **13.9** | **55.6** |
| Q4 FY26 | **13.8** | **55.3** |
| Q1 FY27 | **16.1** | **64.3** |
Growth was not uninterrupted. Q4 FY26 revenue of A$13.8 million was marginally below Q3 FY26 at A$13.9 million.
Understanding annualised revenue and what it does not mean
Annualised revenue takes a single quarter’s result and multiplies it by four. Stakk’s A$64.3 million figure is an illustrative calculation of Q1 revenue multiplied by four.
The company states it is not achieved annual revenue, contracted annual recurring revenue, a forecast or revised guidance. It assumes the Q1 level repeats in later quarters and does not adjust for seasonality, customer activity, implementation timing, exchange-rate movements or other operating changes.
For investors, the measure indicates the scale of the current revenue base. Stakk is nonetheless maintaining its FY2027 pro-forma objectives of approximately A$55.2 million in revenue and A$18.5 million in EBITDA, because one quarter’s performance does not, by itself, establish the revenue outcome for the remaining three quarters. Annualising Q1 revenue does not establish an EBITDA outcome.
On currency, Q1 revenue of US$11,252,521 converts to approximately A$16,075,030 using A$1 = US$0.70. The same exchange rate is used for historical quarterly comparisons, and percentage comparisons use rounded figures. Management has identified no material one-off revenue contribution in Q1.
FY2028 pipeline and cash receipts
Building the next growth wave
Stakk said it continues to advance a robust and expanding pipeline towards formal commercial engagement. Recently signed contracts awaiting implementation provide a further source of future revenue, with additional market announcements to be made where required.
The acquisition of ParaScript, completed on 17 September 2026, has expanded the Group’s access to established enterprise customers. Cross-selling is already supporting additional commercial momentum, with its more substantial revenue impact expected in FY2028.
The ParaScript acquisition closed with fixed consideration and no earn-out, and it brought a Group CEO appointment process and a Seller’s Note refinancing into the near-term calendar alongside the revenue contribution.
These statements on pipeline conversion, cross-selling and FY2028 contributions are forward-looking and subject to execution, implementation timing and other risks and uncertainties. Actual outcomes may differ materially.
Revenue aligned with cash receipts
Management’s review confirms that alignment between revenue and customer cash receipts continued across the Group during Q1 on a full-quarter pro-forma basis. The announcement does not disclose receipt figures.
The next catalyst is the Q1 quarterly activities report and Appendix 4C, to be filed later this month. It will provide further information on statutory customer receipts, operating cash flows and the Group’s cash position.
The Appendix 4C will include ParaScript’s cash flows only from acquisition completion, so its reporting scope will differ from the full-quarter pro-forma figures discussed here.
Arthur Lo, Executive Director
“…secured the recurring contracted revenue supporting our FY2027 revenue objective, and have now delivered a first quarter that establishes an indicative A$64.3 million annualised revenue pace. Those are concrete measures of execution.”
Lo also said: “We are delivering the current year while laying the foundations for the next.”
About Stakk
Stakk is described as a scaled, profitable and globally relevant AI-native Digital Trust infrastructure Group focused on combating fraud. Key details from the company:
- More than 300 enterprise customers
- More than 110 billion interactions processed annually
- Serves customers across the United States, Europe, the Middle East and Australia
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