Stakk Reports Record Revenue Growth Following Transition to SaaS Business Model

Stakk SKK has reported record growth across its software-as-a-service (SaaS)-based embedded finance platform Stakk IQ, underscoring its transformation from a legacy consumer-focused business to a high-margin provider of critical financial infrastructure for global fintechs and enterprise platforms. Since completing the exit of its consumer activities earlier this year, the company has transitioned to a modular API-first SaaS model, yielding a step-change in performance with improved recurring revenues, the elimination of historical losses, and consistent shareholder value creation. Its gross margin is currently running at approximately 78%, supported by a capital-efficient cost structure and multi-year client contracts providing predictable and defensible revenue streams. Key Metric Performance Stakk has seen strong performance for 2025 to date across all key metrics, including a 730% jump in active US client numbers to 212 (from 29 in January), and a 312.5% increase in annual recurring revenue (ARR) to $4.5 million (from $1.44m in January). The company expects the ARR run-rate to exceed $8m by year end. Monthly transactions have increased by 41% to 144,126, and monthly processed value has increased by 30% to $413.4 million (previously $322 million). The positive figures exclude contributions from the company’s recent customer wins with international brands Robinhood and T-Mobile USA. Robust Contract Pipeline Stakk’s industry momentum continues to build with a robust pipeline of new customer contracts underpinned by a disciplined governance-first approach, along with partnerships that demonstrate a clear product-market fit and reinforce Stakk’s reputation as the “boring but brilliant” engine behind modern fintech innovation. The company’s platform allows current Tier One clients including H&R Block, Navy Federal, Albert, and GreenFi to rely on Stakk IQ to replace their legacy systems with a unified, embedded-finance infrastructure layer. Stakk chair Nikhil Ghanekar said the transition to a pure play SaaS business had delivered positive results. “Stakk is exceeding every growth benchmark set at the start of the year, attracting globally-recognised brands and executing with precision,” he said. “We are delivering the critical infrastructure that underpins the modern financial economy and, in doing so, we are creating lasting value for our shareholders.” 2026 Looking Strong Stakk expects its strong performance to continue into the new year. “With our ARR on track to exceed $8m by year end, a scalable technology platform, and an expanding international pipeline, Stakk is positioned to enter 2026 as one of Australia’s most compelling high-growth SaaS stories,” Mr Ghanekar said. “We anticipate continued revenue acceleration next year through the expansion of existing client relationships and the deployment of new modules within the Stakk IQ suite.” The company successfully raised $15m earlier this month via a heavily oversubscribed equity placement to a number international and domestic institutional investors.