Wallix: Recurring Revenues Reach 81% of Sales in H1 2026
On July 16, 2026, Wallix reported a 19.4% increase in its Monthly Recurring Revenue (MRR) over twelve months to €2.8M, while consolidated revenue for the first half grew by 14.2% to €20.6M. These results confirm the operational solidity of the European cybersecurity publisher, but also reflect a growth dynamic primarily driven by the existing model: the group states that its main future drivers (NIS2 regulation, artificial intelligence, penetration of major accounts) remain partially contributory at this stage.
Recurring Revenues Continue to Grow
The Monthly Recurring Revenue (MRR) recorded a growth of 19.4% over twelve months to reach €2.8M, resulting in an Annual Recurring Revenue (ARR) of €33.1M at the end of June 2026. This growth is accompanied by a transformation of the revenue portfolio: the share of recurring revenues (subscriptions and maintenance) totals 81% of the consolidated revenue in the first half of 2026, compared to 74% a year earlier. Over the same period, consolidated revenue reached €20.6M, up by 14.2%. The pace of commercial acquisition remains dynamic with 183 new contracts signed in the first half. Wallix manages a portfolio of 4,090 active contracts at the end of June 2026, with a retention rate exceeding 95%.
Growth Drivers Identified for Coming Fiscal Years
Wallix indicates that not all its growth engines are yet fully contributing to its activity, while highlighting the strength of its commercial dynamics. The group particularly emphasizes the gradual implementation of regulations such as NIS2, DORA, and IEC 62443, the development of non-human identities and artificial intelligence agents, as well as the strengthening of its Enterprise teams in Northern Europe and its partnerships with global systems integrators. According to Wallix, these developments should support the growth of its business in the medium and long term, while its retention rate of over 95% serves as a lever for additional sales to its installed base.
2026 Objectives Confirmed
In light of the dynamics recorded in the first half, Wallix confirms its objective of hyper-growth in recurring revenues, associated with a positive operating result and free cash flow for the entire fiscal year 2026. However, the group does not publish a specific sales or recurring revenue target for the second half or the full year.
