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.
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
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
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.
WALLIX confirms its full-year objectives of hypergrowth in recurring business, together with positive operating earnings and free cash flow for the full year.
Risks mentioned
Geopolitical environment uncertainty impacting first quarter growth and market access
Competitive pressure in cybersecurity market and reliance on partner ecosystem for enterprise expansion
Execution risk on external growth strategy and successful integration of acquisitions like Malizen
Opportunities identified
Expansion into non-human identities and AI markets with WALLIX One platform enhancement
Acceleration of large enterprise segment access through strengthened strategic partner ecosystem
European market consolidation and government digital sovereignty deployment (Digital AI Pact, NIS2 Directive compliance)
Outlook / guidance
Management commentary: « Pour 2026, compte tenu de la solide performance enregistrée au premier semestre et de la bonne dynamique observée au troisième trimestre, WALLIX confirme ses objectifs annuels d'hyper croissance de ses revenus récurrents associé à un résultat d'exploitation et un free cash-flow positifs sur l'ensemble de l'exercice. »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
