NowVertical Q1 revenue falls on decline in Brazil reselling

[출처/시간] Reuters - 8:23 AM ET, 05/27/2026

Overview

* AI data solutions firm's Q1 revenue fell ?6% yr/yr due to lower Brazil ?reselling revenue
* Adjusted EBITDA dropped 30% from ?Q1 2025
* Company signed $4 mln, three-year AI and Google Cloud deal with Latin American fintech company

Outlook

* Company did not provide specific financial guidance for the current qtr or full yr

Result Drivers

* BRAZIL RESELLING DECLINE - Lower Brazil license and maintenance reselling revenue drove decreases in total revenue and gross profit
* REVENUE MIX SHIFT - Higher-margin Google Cloud and ?Integration revenues grew, while lower-margin reselling revenue continued to ?decline, ?per CEO Sandeep Mendiratta
* STRATEGIC ACCOUNTS GROWTH - Top 30 ?Strategic Accounts grew 9% yr/yr and now represent 73% of total revenue, up from 62%

Company press release:

Key Details



Metric Beat/Mis Actual Consensu
s s
Estimate


Q1 $9.7 mln
Revenue
Q1 $1.8 mln
Adjusted
EBITDA

Analyst ?Coverage

* The ?current average analyst rating on the shares ?is "hold" and the breakdown of recommendations is 1 "strong buy" ?or "buy", no "hold" and 1 "sell" or "strong sell"
* The average consensus ?recommendation ?for the software peer group is "buy."
* ?Wall Street's median 12-month price target for NowVertical ?Group Inc is C$0.36, about 89.5% above its May 26 closing price of C$0.19

For questions concerning the data ?in this report, contact ?Estimates.Support@lseg.com. For any other ?questions or feedback, contact .

(This story was created using Reuters automation and ?AI based on LSEG and company data. It was checked and edited by ?a Reuters journalist ?prior to publication.)