Wrkr Ltd has transitioned from development to deployment, launching key products and acquiring PaidRight to expand its payroll compliance offerings ahead of new legislation.
- Rest Pay platform goes live with early customer rollout
- AustralianSuper implementation accelerated, live testing underway
- PaidRight acquisition approved, expected to complete early February
- Q2 cash receipts at $3.2 million, slight decline due to payment timing
- Operating expenses rise to $3.8 million reflecting strategic investments
Strategic Shift from Development to Deployment
Wrkr Ltd (ASX – WKR) marked a significant milestone in its quarterly report for Q2 FY26, announcing the transition from a development-focused phase to active deployment of its compliance and payment platforms. The company successfully launched Rest Pay, its fully branded instance of the Wrkr platform, and commenced early production testing with AustralianSuper, two of its largest clients. This progress positions Wrkr well ahead of the upcoming Payday Super legislative changes scheduled for July 2026.
Financial Performance and Investment
During the quarter, Wrkr recorded cash receipts of $3.2 million, a modest decline from the previous quarter’s $4.0 million, primarily due to the timing of customer payments. Notably, $854,000 in overdue invoices as of 31 December 2025 have since been collected, indicating strong cash flow management. Operating expenses increased to $3.8 million, reflecting the company’s strategic capital investments in platform scalability, marketing, and data management initiatives to support imminent client onboarding and regulatory compliance.
PaidRight Acquisition to Broaden Compliance Solutions
One of the quarter’s headline developments was the approval of Wrkr’s acquisition of PaidRight, a leading payroll compliance platform. Expected to complete around 5 February 2026, this acquisition is set to accelerate Wrkr’s Phase 2 growth strategy by extending its capabilities beyond superannuation into real-time pay compliance. The integration promises to enhance Wrkr’s technology stack, offering a more comprehensive compliance solution across the entire pay cycle.
Market Expansion and Client Engagement
Wrkr’s market engagement continues to deepen, with accelerated implementation timelines for AustralianSuper reducing the rollout from nine to six months. The company is also actively supporting Australian Retirement Trust’s platform readiness for Payday Super and has developed a targeted campaign for users of the ATO Small Business Clearing House, which is set to decommission in June 2026. This campaign, launching in February, aims to capture a significant share of approximately 300,000 small businesses seeking compliant payroll solutions.
Operational Capacity and Future Outlook
The company has expanded its team during the quarter, anticipating increased delivery capacity in the second half of FY26 to meet the peak transition period for major fund clients. Wrkr is also advancing its API strategy to integrate with leading ERP systems like Workday and SAP, with new releases expected in March and implementations commencing in Q4 FY26. CEO Trent Lund expressed confidence in the company’s trajectory, highlighting the reduced implementation times and live product deployments as validation of Wrkr’s platform maturity and operational readiness.
Bottom Line?
Wrkr’s strategic investments and acquisition set the stage for accelerated growth, but successful integration and market adoption remain critical in the coming months.
Questions in the middle?
- How will the PaidRight acquisition impact Wrkr’s revenue and profitability in FY27?
- What are the risks and challenges in scaling deployments ahead of Payday Super legislation?
- How effectively can Wrkr convert the ATO Small Business Clearing House user base to its platform?