Sidetrade Reports Strong First Half Financial Performance

Sidetrade, an AI-native company dedicated to Order-to-Cash solutions, has reported significant growth in both its business and profitability in the first half of 2026. The company's financial performance has been marked by record bookings and a robust EBIT margin, underscoring its position as a leader in the AI-driven financial technology sector.

The company's first-half revenue reached €34.8 million, up 21% at constant currency (19% as reported), marking a strong performance despite the challenging economic environment. Subscription revenue grew even faster, up 23% as reported and 26% at constant currency, to €31.3 million. Subscriptions now account for 90% of the Group's revenue, reflecting the growing importance of recurring revenue in the company's business model.

The sharp rise in bookings is a key indicator of the company's growth trajectory. In the first half of 2026, bookings increased by 112% to €5.16 million in new annual recurring subscriptions (ARR), which is 20% above the amount signed for full-year 2025. This growth is particularly notable given the company's focus on AI-native products, which accounted for 33% of the new ARR signed during the period. The company's AI-native products, including Aimie Cash Collection Agent, Agent Builder Studio, and Aimie IQ, have generated €1.02 million in ARR, representing 33% of the €3.11 million in new ARR signed during the second quarter of 2026.

More than 71% of the Group's revenue was generated outside France, with North America accounting for 44% of the first-half bookings for 2026, but only 27% of subscription revenue. This gap illustrates the region's future growth potential. Contracts signed in the first half of 2026 will begin to contribute more significantly to revenue from the fourth quarter of 2026, with a total Contract Value (TCV) of signed contracts reaching €18.71 million (up 194%), 53% above the full-year 2025 total. These contracts represent committed business that will be recognized as revenue over the coming years.

In terms of profitability, Sidetrade has demonstrated a double-digit growth in its EBIT, which reached €5.7 million in the first half of 2026, up 22% from €4.6 million in H1 2025, or 16.2% of first-half revenue (versus 15.7% a year earlier). On a like-for-like basis (excluding ezyCollect by Sidetrade), EBIT rose 33% with EBIT margin reaching 20.7% of first-half revenue, a gain of nearly 5 points from the first half of 2025. This record like-for-like profitability reflects operating leverage in full effect, as the company drew on the momentum of its recurring revenue while cutting operating expenses by €1 million over the period.

Sidetrade's gross margin at 74% of revenue (78.4% like-for-like) was up 14% from the first half of 2025, totaling €25.7 million. The gross margin rate was 74% of consolidated first-half revenue (versus 77% a year earlier) on a like-for-like basis, and held steady at 89% for subscriptions, confirming the structural resilience of the Company's model.

The company's CEO, Olivier Novasque, emphasized the importance of full control over the AI stack, from GPUs to the natural-language interface.

Sidetrade's strong financial performance is a testament to its commitment to delivering value to its customers through its proprietary AI solutions. The company's focus on AI-native products and its control over the entire AI stack have positioned it as a leader in the rapidly evolving financial technology sector. As the company continues to expand its customer base and deepen its integration of AI into its operations, it is well-positioned for continued growth and profitability.