Nuix shares experienced a significant rally on Monday following the release of its first-half results, which surpassed market expectations. The company reported an 8 per cent increase in annualised contract value (ACV) and a substantial 148 per cent surge in Neo ACV. Overall revenue saw a 15 per cent rise, while underlying EBITDA jumped by 18 per cent. Nuix is a technology company that provides investigative analytics and intelligence software, primarily used for uncovering critical insights from complex data sets.
According to the financial report, cash EBITDA soared 46 per cent. However, not all metrics were up; net dollar retention experienced a decrease, falling from 109.6 per cent to 101 per cent year-on-year. RBC Capital Markets analyst Garry Sherriff noted that the company’s Neo platform wins and ongoing Neo migration program are expected to bolster ACV in the long term. He emphasised that successful execution will be crucial for transitioning legacy customers to the new platform.
Nuix’s FY26 guidance remains unchanged, targeting a $250 million midpoint, slightly below current consensus estimates. Despite this, investor confidence was evident, with shares climbing 18.9 per cent following the announcement, reflecting a positive market response to the company’s performance and strategic direction.
