【New Zealand】Blackpearl Group Achieves Record Quarterly Results

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Editor’s Note

Blackpearl Group reports record quarterly growth, with annual recurring revenue surging 114% year-on-year to $23.7 million, driven by its multi-venture platform strategy and strong performance across key offerings.

Nick Lissette, Blackpearl Group

New Zealand-based data technology company Blackpearl Group has achieved what it says was its strongest organic growth quarter to date with a 114 per cent year-on-year increase in annual recurring revenue.

The company reported annual recurring revenue (ARR) of $23.7 million for the third quarter of its 2026 financial year, ending 31 December 2025 – up 22 per cent on the previous quarter.

In a statement, the company said the results marked a sharp acceleration in growth following the launch of its multi-venture platform strategy, with momentum across its Pearl Diver, Bebop and B2B Rocket offerings, alongside the emergence of data as a service (DaaS) as a high-quality, contracted revenue stream.

CEO on Execution, Not Experimentation

According to Blackpearl CEO Nick Lissette, the results reflected the company’s execution, not experimentation.

“This wasn’t a one-off. We’re scaling faster because the platform is working, the products are landing and customers are buying at higher value,” he said.
“ARR up 114 per cent year on year doesn’t happen by accident. It happens when you build something that actually solves a painful problem and then execute hard.”

Lissette added ARR increased by $4.3 million in the quarter, which was the largest organic uplift in the company’s history, despite typical December-quarter seasonality in the US market.

“This quarter puts us firmly on track toward $30 million ARR and into the phase where scale and efficiency start to compound,” he said.
Growth Drivers and DaaS Momentum

The growth was driven by continued migration toward higher-value customers, expanded product contribution across Blackpearl’s portfolio and increasing traction in contracted DaaS agreements, which embedded the company’s data directly into customer revenue operations.

“This quarter we replaced seasonal churn with larger, longer-tenure customers and contracted data revenue. That’s the mix shift we want to be driving our growth,” Lissette said, adding DaaS revenue churn remained at nil.
The Core Pearl Engine Platform

At the centre of Blackpearl’s growth was the Pearl Engine, the company’s proprietary high-velocity data and intelligence platform which enables real-time buyer identification and automated revenue actions for customers, Lissette said.

In the past quarter, the Pearl Engine scaled to process over 21 billion signals per day, ingesting more than 30TB of data per month to support real-time buyer identification and automated revenue actions, the company said.

“The Pearl Engine is doing exactly what we built it to do – compound,” Lissette said.
“Every product, every customer and every data contract increases the velocity of the platform.”
Future Outlook

The results followed the company listing on the ASX last November.

Looking forward, Blackpearl was focussed on scaling distribution, increasing product contribution and expanding DaaS adoption.

“We are entering 2026 with strong momentum and we maintain a clear trajectory toward our next major milestone of $50 million ARR,” Lissette added.

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⏰ Published on: January 29, 2026