Quartix’s Q1 26 trading update highlights +12% yoy ARR growth to £38.6m, robust Q1 FCF of £2.7m vs FY26E FCF of £4.9m, and a confident outlook that leads us to conservatively reiterate FY26E and introduce FY27E growth of +8% for revenue, adjusted EBIT, and EPS. Q1 constant currency ARR growth of +£1.6m qoq reflects +£1.1m of new business, where management has focused on winning higher-price, higher-margin customers, and the impact of a c4-5% price increase across the base is set to be realised t ....
