Exasol, a Germany-based database technology company, reported a decline in preliminary first-half revenue compared to the same period last year, driven primarily by reduced non-recurring sales. The company’s annual recurring revenue stood at EUR 37.9 million as of June 30, 2026, showing minimal change from the previous year. First-half revenue totaled EUR 19 million.
Exasol added eleven new customers during the period, though expansion with existing clients fell short of expectations. The company attributed weaker customer expansion to reduced willingness to invest in new on-premises infrastructure and delays in a sales rollout with a strategic cooperation partner.
The company’s rolling ARR churn rate improved to 10% from 24% at the end of 2025, reflecting fewer contract cancellations and adjustments. For the full year 2026, Exasol expects ARR to change by between -2% and +2%. The company projects revenue to decline in the upper-single-digit percentage range and forecasts EBITDA between EUR 3.0 million and EUR 3.5 million.
New customer additions were driven by focus on data sovereignty and agentic AI workloads. The revenue decline was mainly attributed to a sharp drop in non-recurring hardware and service revenue.
