Felix Reports 17% Enterprise ARR Growth, Pro Forma ARR Hits $12.1M
Felix Group Holdings has completed its strategic acquisition of Nexvia, boosting its vendor monetisation capabilities and reporting a 17% increase in Enterprise ARR for Q1 FY26. The company also secured new contracts in North America, signalling promising international growth.
- Acquisition of Nexvia completed, expanding Felix’s product suite and market reach
- Enterprise ARR rose 17% to $7.0 million in Q1 FY26
- Group ARR including Nexvia reached a pro forma $12.1 million
- New multi-year contract signed with a heavy civil construction firm in Eastern Canada
- Vendor Marketplace grew 10% year-on-year to 120,000 vendors
Strategic Acquisition Boosts Vendor Monetisation
Felix Group Holdings has marked a significant milestone with the completion of its acquisition of Nexvia Pty Ltd, a Brisbane-based SaaS platform tailored for project-led SMEs in the construction sector. This move is designed to accelerate Felix’s vendor monetisation strategy by integrating Nexvia’s complementary capabilities, expanding its product suite, and unlocking new recurring revenue streams.
The acquisition positions Felix to deepen its engagement with subcontractors and other vendors within its Vendor Marketplace, which has now grown to 120,000 vendors, a 10% increase from the previous year. The integration of Nexvia’s $3.3 million annual recurring revenue (ARR) into Felix’s platform enhances the company’s addressable market and cross-selling opportunities.
Strong ARR Growth and New Contracts Signal Momentum
In Q1 FY26, Felix reported a 17% increase in Enterprise ARR to $7.0 million, supported by two new enterprise customers and an expansion deal. The Group’s overall ARR rose 10% year-on-year to $8.8 million, with a pro forma ARR including Nexvia reaching $12.1 million. These figures underscore Felix’s growing footprint in the procurement SaaS space.
Felix’s international expansion is gaining traction, highlighted by a new three-year contract with a heavy civil construction business in Eastern Canada. This deal not only brings $88,000 in ARR but also adds 4,000 active suppliers to Felix’s Vendor Marketplace, reinforcing the company’s North American presence. This follows a prior agreement with PCL Solar in Canada, indicating a strategic focus on this region.
Platform Enhancements and AI Integration
Felix continues to invest in platform improvements, including enhanced vendor search capabilities and streamlined onboarding processes. These upgrades aim to improve user experience and operational efficiency. Additionally, the company is actively developing AI-driven solutions to adapt to evolving industry dynamics and customer expectations, positioning itself competitively for future growth.
Financial Position and Outlook
Felix successfully raised $16.5 million in capital during the quarter, funding the Nexvia acquisition and supporting organic growth initiatives. The company ended the quarter with $7.8 million in cash, providing a solid balance sheet to pursue its strategic objectives. Operating cash outflows of $1.3 million included one-off costs related to the acquisition and capital raise, reflecting a period of investment ahead of anticipated revenue acceleration.
Looking ahead, Felix is focused on integrating Nexvia, expanding platform capabilities, and leveraging its growing international pipeline to drive ARR growth and market penetration in FY26 and beyond.
Bottom Line?
Felix’s strategic acquisition and international contract wins set the stage for accelerated growth, but integration execution and market expansion remain key to watch.
Questions in the middle?
- How smoothly will Felix integrate Nexvia’s platform and customer base?
- What impact will AI-driven enhancements have on Felix’s competitive positioning?
- Can Felix sustain its North American momentum and convert pipeline into revenue?
