Blackpearl Group (ASX:BPG) has delivered its strongest single-quarter organic growth to date, reporting a 114% year-on-year increase in annual recurring revenue to reach $23.7 million for the third quarter ended Dec. 31, 2025.
This represents a 22% increase over the previous quarter, driven by the launch of its multi-venture growth model and the emergence of Data-as-a-Service as a high-retention revenue stream.
The group’s efficiency metrics showed improvement despite typical year-end seasonal headwinds in the US market.
The customer acquisition cost payback period sharpened to 3.9 months, while ARR per employee surged 21% to $306,000, signaling strong operating leverage as the company scales.
While SaaS churn saw a slight seasonal uptick to 8.3%, it remained lower than the same period last year, and churn within the DaaS segment remained at 0%.