GetBusy (LSE:GETB) reported group annualised recurring revenue of £24.0 million for the first half of 2026, representing growth of 12% at constant currency, as its SmartVault business recorded higher recurring revenue.
SmartVault ARR increased 22% year-on-year to $19.1 million. The company said new business increased 19%, including growth of 52% from Thomson Reuters UltraTax users and 8% from Intuit users following integrations with the platforms.
According to GetBusy, SmartVault is integrated with the major U.S. tax software ecosystems and is used by more than 31,000 professionals across 7,000 firms. The platform manages more than 650 million client documents.
GetBusy said it expects SmartVault ARR growth of approximately 20% for 2026 and anticipates operating leverage will move the business’s EBITDA margin towards 20% during the year.
Wórkiro ARR increased 1% year-on-year to £9.7 million and was 4% higher compared with the start of 2026. The company said growth was supported by customer migrations from Virtual Cabinet and an expanded collaboration with TaxCalc, which provides access to approximately 11,000 accountancy firms.
At group level, recurring revenue increased 11% at constant currency to £11.6 million, while total revenue rose 11% to £12.0 million. Adjusted EBITDA increased to £0.6 million, while the company reported a narrower loss before tax. Net bank debt stood at £0.7 million, representing a modest increase.
Management expects SmartVault to remain the main contributor to group growth and plans to continue migrating customers to Wórkiro. The company also intends to pursue additional integration partnerships for Wórkiro in the UK and Australia and New Zealand.
More about GetBusy Plc
GetBusy plc provides SaaS document workflow software for professional and financial services businesses, with products focused on document management, workflow and compliance requirements.
Its platforms include SmartVault, which serves the U.S. tax preparation market, and Wórkiro, which is designed for professional services businesses and cloud ERP environments. GetBusy’s platforms manage workflows involving more than 1.3 billion documents for over 60,000 users globally.
The company is also migrating customers from its legacy Virtual Cabinet product to Wórkiro as part of its product strategy.
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