Sidetrade: revenue up 19% in first half, at €34.8M
Sidetrade published half-year accounts on September 22, 2026 marked by concurrent growth in revenue and profitability.
The French Order-to-Cash software publisher highlights a record level of new bookings, with a portion generated by its new generation of products born from artificial intelligence, launched three months earlier.
Revenue of €34.8M, driven by subscriptions
In the first half of 2026, Sidetrade generated revenue of €34.8 million, up 19% on a reported basis and 21% at constant exchange rates. Subscription revenues grew faster, reaching €31.3 million, an increase of 23% on a reported basis and 26% at constant exchange rates. Subscriptions now represent 90% of the group's revenue.
This growth includes ezyCollect by Sidetrade, consolidated since the fourth quarter of 2025. Excluding this acquisition, organic subscription revenue grew 6%, a pace the group attributes to lower new bookings recorded in 2025. More than 71% of revenue was generated outside France, and 73% of subscription revenues come from international markets. North America became the group's leading region for subscriptions, accounting for just over 27% of revenues.
EBIT at €5.7M and margin up to 16.2%
EBIT reached €5.7 million in the first half of 2026, up 22% compared to €4.6 million a year earlier. It represents 16.2% of half-year revenue, compared to 15.7% in the first half of 2025. On a comparable basis (excluding ezyCollect by Sidetrade), EBIT rose 33% and its margin reached 20.7% of revenue, a gain of close to 5 percentage points year-over-year.
Gross margin stood at €25.7 million, up €3.1 million year-over-year, representing 74% of consolidated revenue (versus 77% a year earlier). On a comparable basis, it reached 78.4%, up 1.4 percentage points, and remained at 89% for subscriptions. The group reported reducing operating expenses by €1 million over the period. Net income rose 15% to €4.7 million.
Record bookings and 2030 target maintained
New annual recurring revenues (ARR) reached €5.16 million in the half-year, up 112%, an amount 20% higher than the total for full year 2025. The total contract value (TCV) signed came to €18.71 million, up 194%, or 53% above the total for 2025.
Products born from artificial intelligence generated €1.02 million in ARR in the second quarter of 2026, representing 33% of the €3.11 million in new ARR signed during the period. The share of new customers (New Business) rose to 56% of the total, compared to 30% a year earlier, and the average initial commitment period extended from 44.5 to 48.8 months. The group indicates that contracts signed in the first half will begin contributing more significantly to revenue from the fourth quarter of 2026 onwards.
Gross cash stood at €19.9 million as of June 30, 2026, up €3.6 million from December 31, 2025 (excluding calendar effects related to R&D tax credit reimbursement). Financial debt reached €28.0 million at end of June 2026, mainly related to financing the ezyCollect by Sidetrade acquisition via a €25 million loan over seven years at 3.1%. The targets of the O2C Intelligence 2030 plan, published on April 7, 2026, are maintained: more than 50% of revenue from products born from artificial intelligence by 2030.
