GetBusy plc (GETB) Reports 22% Growth in SmartVault ARR and Raises Group Outlook in H1 2026 Financial Results

GetBusy plc (AIM: GETB), the AIM-listed SaaS document workflow platform provider for regulated professionals, has announced its unaudited half-year results for the six months ending 30 June 2026. SmartVault, its US tax preparation platform, achieved a 22% year-on-year ARR increase to $19.1m, while Group ARR grew 12% at constant currency to �a324.0m. The company highlighted that stronger SmartVault growth will propel Group ARR beyond market expectations for both 2026 and 2027, marking an upgraded guidance that investors are closely monitoring. Key Highlights GetBusy plc (AIM: GETB) serves over 60,000 paying users worldwide with SaaS document workflow platforms. SmartVault ARR increased 22% year-on-year to $19.1m; Group ARR rose 12% at constant currency to �a324.0m. Adjusted EBITDA surged 40% to �a30.6m; SmartVault EBITDA margin expanded from 9% in H1 2025 to 16%. Investors should watch for Q4 2026 SmartProposal launch and expanded SmartRequestAI�ae availability for further ARR growth. SmartVault remains the sole specialist document workflow platform fully integrated with all major US tax preparation software including Intuit ProConnect, Lacerte, ProSeries, Thomson Reuters UltraTax, CCH, and Drake, while maintaining SOC 2 Type 2 certification. Its ARR grew 22% year-on-year to $19.1m, fueled by a 19% rise in new business. New business from Thomson Reuters UltraTax customers jumped 52%, and Intuit customer new business increased 8% following the Q4 2025 ProConnect integration launch. ARPU rose 21% year-on-year to $616, driven by increased uptake of the premium Unlimited plan and SmartRequestAI�ae. Approximately 90% of SmartVault's ARR comes from the core tax preparation market, with a low monthly churn of 0.8% and net revenue retention of 100.1% monthly. SmartRequestAI�ae and Upcoming SmartProposal Expand GetBusy's US Tax Workflow Reach AI is becoming a significant revenue driver for GetBusy. Launched in Q4 2025, SmartRequestAI�ae automates document intake for tax preparation, with early adopters reportedly spending up to three times their core subscription value. The company also confirmed that SmartProposal is scheduled for launch in Q4 2026, extending SmartVault capabilities into client engagement, pricing, and payment workflows. Additionally, with Thomson Reuters FileCabinet CS reaching end-of-life in 2027, SmartVault—being the only third-party document management system integrated with UltraTax—is positioned as the natural cloud-native successor, having already completed several hundred migrations. W�f3rkiro Returns to Growth with 41 Virtual Cabinet Migrations and New TaxCalc Partnership W�f3rkiro, GetBusy's document workflow platform focused on the UK and ANZ professional services markets, returned to growth in H1 2026, with divisional ARR increasing 1% year-on-year and 4% since the start of 2026 to �a39.7m. New business surged 115% year-on-year. During the period, 41 Virtual Cabinet customers migrated to the W�f3rkiro platform, resulting in ARPU improvements and reduced churn. An enhanced strategic partnership with TaxCalc, serving 11,000 UK accountancy firms, introduces embedded tax and document workflows to a substantially larger addressable market. The announcement also cautions about potential Virtual Cabinet churn volatility in H2 2026 due to contract decisions made before the W�f3rkiro platform matured. Group Financials Show Stronger Profitability Amid Continuing Net Liabilities Group recurring revenue reached �a311.6m and total revenue �a312.0m, both up 11% year-on-year at constant currency. Gross margin was 85.8%, down slightly from 87.5% in H1 2025, reflecting a higher share of cloud and partnership revenue. Adjusted EBITDA increased 40% to �a30.6m, while adjusted loss before tax narrowed to �a3(0.4)m from �a3(0.7)m. Net bank debt was �a30.7m as of 30 June 2026, with available cash of �a32.3m. The Group's �a33m revolving credit facility remains committed until December 2028. The balance sheet shows net liabilities of �a33.9m, a position investors will continue to monitor as the company advances toward sustained cash generation. To keep reading, please log in to your account, create a free account, or simply fill out the form below.