Pexip – Financial Results – FY2022-Q2

This From Wall Street note provides financial information and RR’s opinions and insight on Pexip.
[ More information on Pexip ]

Current Highlights

  • Quarterly revenue of 195 MNOK (~ US $19.8M), up 10% year over year and down 12% quarter over quarter
  • Annual recurring revenue (ARR) of US $106.1M, up 14% year over year and flat quarter over quarter
  • ARR breakdowns:
    • By Region: 53% EMEA, 37% Americas, 10% APAC
    • By Product: 56% Self-Hosted Software, 44% Pexip as a Service
  • EBITDA (excluding one-of restructuring costs) of -98.9 MNOK compared to -40.6 MNOK one year ago


  • Pexip made its debut on the Oslo Stock Exchange on May 14, 2020.
  • MNOK = millions of Norwegian Kroner
  • NOK to USD conversions are based on currency exchange rate on the last day of the quarter.
  • The calculations within this study are subject to rounding errors and dependent on the precision of the information provided by the vendor.
  • ARR = Annual Recurring Revenue