Earnings call transcript: Banqup Group H1 2026 loss weighs on shares
Banqup Group reported a first-half loss of EUR 6.1 million, despite revenue growth. The Belgium-based e-invoicing and payments company saw revenue rise to EUR 26.5 million, with recurring digital sales making up 79.6% of total revenue. Subscription income jumped 42.3% year over year to EUR 10.4 million, and annual recurring revenue reached EUR 48.2 million by June.
However, the company remains unprofitable, with cash on hand dropping to EUR 5.0 million. France is seen as the key strategic launchpad, with Banqup already onboarded 150,000 businesses ahead of its e-invoicing mandate. The company is restructuring into three main business units - Documents, Payments, and Consulting, plus a B2G operation in the Balkans.
Despite strong recurring revenue growth, Banqup continues to burn cash and is expected to achieve cash break-even in the future with support from lender Francisco Partners.
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