Blackpearl Group has reported strong growth in its fourth quarter results for the financial year 2025.
Annual recurring revenue (ARR) reached $12.5 million, a 70% increase from the previous year and a 13% increase from the third quarter of FY25.
Subscription revenue also increased by 81% year-on-year, reaching $2.4m.
However, the company's gross profit margin declined to 57%, down from 72% in the previous quarter, due to a temporary cost increase.
Blackpearl's chief executive, Nick Lissette, attributed the growth to the continued performance of its primary revenue driver, Pearl Diver, and the successful beta launch of its new product, Bebop.
The company said it is now exploring a dual listing on the Australian Securities Exchange (ASX) to broaden its investor base.
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