Exasol H1 Revenue Falls to €19M

Exasol H1 Revenue Falls to €19M

Exasol, the Germany‑based database technology company, reported preliminary first‑half 2026 revenue of €19 million, a decline from the same period last year. The drop is attributed primarily to a sharp reduction in non‑recurring hardware and service revenue. Annual recurring revenue (ARR) stood at €37.9 million as of 30 June 2026, showing minimal change year‑on‑year. The rolling ARR churn rate improved to 10 % from 24 % at the end of 2025, indicating fewer contract cancellations and adjustments.

During the period the company added eleven new customers, but expansion with existing clients fell short of expectations. Exasol cited reduced willingness by customers to invest in new on‑premises infrastructure and delays in a sales rollout with a strategic cooperation partner as reasons for the weaker expansion. New customer additions were driven by a focus on data sovereignty and agentic AI workloads.

For the full year 2026, Exasol expects ARR to change within a range of –2 % to +2 %. It projects revenue to decline in the upper‑single‑digit percentage range and forecasts EBITDA between €3.0 million and €3.5 million.

The article was generated with AI assistance and reviewed by an editor.