How Asset Vision’s 38% ARR Surge is Powering Critical Infrastructure SaaS Innovation

Strong Financial Momentum

Asset Vision has delivered a compelling first half of FY26, reporting a 38% increase in annual recurring revenue (ARR) to $5.2 million. This growth was fuelled by new council contracts and extensions of enterprise agreements, reflecting the company’s expanding footprint in the critical infrastructure sector. The company also posted positive cash EBITDA and bolstered its cash reserves to $2.2 million, more than doubling its cash position from the previous corresponding period.

These results underscore Asset Vision’s disciplined approach to scaling its SaaS platform, balancing investment in growth with operational efficiency. While full-time equivalent (FTE) costs rose due to strategic hires and market-aligned salary adjustments, the company maintained strong cost control, resulting in a healthy EBITDA margin.

Innovating with AI to Enhance Asset Management

Central to Asset Vision’s growth story is its commitment to continuous product innovation, particularly through AI integration. The company’s AutoPilot suite leverages AI to improve inspection safety, automate defect detection using LiDAR technology, and provide actionable insights for asset degradation and event claims. These enhancements not only improve operational outcomes for customers but also deepen Asset Vision’s competitive moat in the enterprise asset management (EAM) market.

By embedding AI directly into everyday workflows, Asset Vision ensures that technology adoption is seamless and adds tangible value without complicating existing processes. This approach resonates well with infrastructure owners who require reliable, data-driven decision-making tools to manage ageing assets under tighter budget constraints.

Strategic Priorities and Market Positioning

Looking ahead, Asset Vision has outlined clear priorities to sustain its growth trajectory. These include focused R&D investment to enhance platform capabilities, targeted marketing to strengthen brand presence, and strategic partnerships such as with Modelve to expand distribution and functionality. The company also plans to pursue disciplined acquisitions that complement its core offering and extend market reach.

Asset Vision’s leadership team, combining deep expertise in technology, asset management, and finance, is positioning the company to capitalise on a global EAM market estimated at US$7.2 billion and growing at 10–12% annually. With a recurring revenue model, long contract durations, and high customer retention, the company is building a scalable business with strong lifetime value.

Balancing Growth with SaaS Benchmarks

The company benchmarks its performance against SaaS industry standards, achieving a Rule of 40 score of 55, which reflects a healthy balance of growth and profitability. While some metrics like gross margin and net retention are slightly below best-in-class benchmarks, Asset Vision’s ARR growth, customer acquisition rates, and payback periods are impressive. This suggests the company is on a solid path to scale efficiently while maintaining financial discipline.

Asset Vision’s refreshed brand and enhanced sales tools are also helping to improve lead quality and conversion rates, supporting its ambition to extend its reach across Australian transport, local government infrastructure, utilities, and eventually international markets.