Story
Eagle Eye Solutions Reports 31% Surge in Recurring Revenue on Major Contract Wins
Summary
The UK-based loyalty platform provider saw its annual recurring revenue climb to £44.5 million for fiscal 2026, driven by new deals with clients like easyJet and Subway and an expanding OEM partnership.
Eagle Eye Solutions, a UK-based marketing technology firm, reported a 31% year-over-year increase in annual recurring revenue (ARR) to £44.5 million for its 2026 fiscal year. In a trading update, the company attributed the strong performance to significant new customer acquisitions and progress in a key strategic partnership.
Fiscal 2026 Results Exceed Expectations
The company's key performance indicators showed robust growth across the board. Total revenue for the fiscal year rose 21% to £46.1 million, excluding the impact of a previously lost contract with NRS, according to the report.
Adjusted EBITDA, a key measure of profitability, came in at £9.8 million, surpassing the company's previously upgraded expectations. This performance was supported by a strategic shift toward higher-margin business, with a larger share of revenue coming from its recurring software-as-a-service (SaaS) offerings.
New Contracts and Partnerships Fuel Growth
A series of high-profile customer wins were central to the year's success. Eagle Eye secured major contracts with airline easyJet, food chain Subway, and a leading UK health and beauty retailer, all of which contributed to revenue and ARR growth during the period.
AdFurthermore, the company's global original equipment manufacturer (OEM) partnership began generating its first contracts, adding to the recurring revenue base. Eagle Eye stated it expects this partnership to become a more significant driver of growth starting in the 2027 fiscal year.
Positive Outlook and Margin Improvement
The company highlighted a 34% increase in revenues from its EagleAI platform, which helped bolster overall margin and profit performance. Looking ahead, Eagle Eye is targeting double-digit growth in both revenue and EBITDA for fiscal year 2027.
The firm also maintained its medium-term financial goals, which include exceeding £100 million in revenue and achieving an adjusted EBITDA margin above 30%.
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