EXASOL AG

Latest Results (08.11.2025):

EXASOL AG’s latest financial update for 9M 2025 shows a dynamic mix of strong performance in key areas and evolving market trends. Notably, the company reported robust revenue performance at 31.7m EUR and impressive ARR gains, particularly within its focus verticals, while also announcing adjustments to its future guidance based on emerging project shifts and customer churn trends.

Robust Revenue and ARR Growth

The 9M 2025 figures reveal a solid revenue base of 31.7m EUR alongside a total ARR of 39.0m EUR. Focus verticals experienced a striking ARR growth of +24% to 26.6m EUR, with their share rising to 69% compared to 53% in Q3 2024, underscoring the company’s strategic emphasis on high-performing segments.

Adjustments and Outlook

While overall short-term business trends suggest an expected ARR performance increase of +8.9% YoY, the report highlights a faster-than-anticipated ARR downsell in non-focus industries and the deferral of several focus vertical projects to FY2026. Despite these shifts, revenue and EBITDA guidance remain unaffected.

Strategic Partnerships and Market Expansion

EXASOL AG is advancing its market reach through a key partnership with MariaDB. The collaboration extends the company’s visibility by integrating EXASOL’s Analytics Engine into MariaDB's enterprise platform and tapping into MariaDB’s extensive open-source user base, setting the stage for further growth in 2026.

Customer Dynamics and Churn

The report delineates a clear contrast in customer dynamics: while focus verticals benefit from very low churn rates and strong upsell figures, non-focus verticals experienced significant churn—nearly 50% from two major retail customers. These insights are crucial as the company prepares for improved retention and customer wins in the coming periods.