IkeGPS reports 48% revenue increase, receives acquisition offer

ikeGPS has reported a 48% increase in the exit run rate of annual platform subscription revenue for the fourth quarter of the 2025 financial year.

The company expects continued growth in annual recurring revenue (ARR) in the 2026 financial year.

In the fourth quarter, ikeGPS closed approximately $12 million in contracts.

Total cash and net receivables increased by $1.8m, bringing the total to $15.4m.

The company also revealed that it received an unsolicited, non-binding acquisition approach at $1 per share, valuing it at around $165m-$170m.