Planisware revenue rose 15.6% year on year to €57.4 million in the third quarter of 2026, supported by faster recurring revenue growth and new customer implementations. The business software provider announced the results on October 23, 2026, and maintained its full-year growth, profitability and cash-conversion targets.
Key Takeaways
- Recurring revenue grew 16.6% at constant currencies, accelerating from 12.6% in the first half.
- Planisware retained its 2026 target for at least 13% constant-currency revenue growth.
- Prisma entered beta testing, with commercial release planned by the end of Q1 2027.
Table of Contents
- Planisware revenue growth gains support from recurring sales
- Customer implementations offset declining perpetual licenses
- Full-year targets unchanged despite fourth-quarter timing risks
- Prisma commercialization remains planned for early 2027
- Conclusion
Planisware revenue growth gains support from recurring sales
Planisware’s Q3 2026 revenue announcement showed constant-currency growth of 14.9%, excluding exchange-rate movements. Revenue for the first nine months reached €163.5 million, up 12.4% as reported and 14.9% at constant currencies.
Recurring revenue reached €51.7 million, representing 90% of quarterly sales. Its growth accelerated as support activity recovered and customers signed in recent quarters began contributing. Approximately 70% of recurring revenue growth came from customers that had been generating revenue for less than 12 months; expansion among established customers supplied the remaining 30%.
The acceleration was particularly visible in support services. Evolutive support grew 19.6% at constant currencies, compared with 7.2% in the first half, while subscription support growth increased to 10.3% from 2.2%. Planisware attributed the improvement to recently implemented customers and the reassignment of support teams that had focused on new-customer implementations earlier in the year.
| Item | Details |
|---|---|
| SaaS and hosting | Q3 2026 revenue: €28.2 million; constant-currency growth: 19.1%. |
| Evolutive support | Q3 2026 revenue: €15.6 million. |
| Subscription support | Q3 2026 revenue: €3.1 million. |
| Maintenance | Q3 2026 revenue: €4.7 million; constant-currency decline: 0.2%. |
| Perpetual licenses | Q3 2026 revenue: €1.3 million; constant-currency decline: 50.3%. |
| Implementation and other non-recurring revenue | Q3 2026 revenue: €4.5 million; constant-currency growth: 45.1%. |
Customer implementations offset declining perpetual licenses
Non-recurring revenue increased 1.7% at constant currencies to €5.7 million. Implementation and other non-recurring revenue grew strongly as Planisware brought recently signed customers onto its platform, while perpetual-license revenue fell as the company continued shifting toward software subscriptions.
The contrasting trends matter because implementation work helps customers begin using the platform and progressively contribute recurring revenue. The quarterly revenue breakdown below shows the main components; all growth rates are at constant currencies.
New contracts and expansions spanned industrial, automotive, insurance, pharmaceutical and biotechnology customers. Planisware also secured an expansion with an existing US automotive customer that could extend deployment to approximately 3,500 users.
Full-year targets unchanged despite fourth-quarter timing risks
Planisware reaffirmed the objectives it raised on July 30, 2026: revenue growth of at least 13% at constant currencies, an adjusted EBITDA margin of at least 37.4%, and a cash conversion rate of approximately 80%. These remain management targets, rather than reported full-year results.
Chief Executive Loïc Sautour said the company remained cautious about the timing of certain non-recurring transactions expected in the fourth quarter, alongside macroeconomic and geopolitical uncertainty.
Management’s 2027 budgeting process was still underway. Sautour highlighted recently signed customers as a foundation for future growth but acknowledged that the strong 2026 performance would create a tougher comparison next year.
Adjusted EBITDA margin and cash conversion are non-IFRS measures. Planisware defines cash conversion as adjusted free cash flow divided by adjusted EBITDA.
Prisma commercialization remains planned for early 2027
Planisware launched the beta version of Prisma, its AI agent for project portfolio and resource management, at the end of the third quarter. The testing program includes Prisma and Prisma Pro; Prisma Expert, intended for configuration and customization tasks, is expected later.
The company plans a commercial release by the end of Q1 2027 and expects direct revenue contributions to begin progressively from that point. The beta launch should therefore be distinguished from broader commercial availability and future monetization.
Planisware also released version 26Q4 of its unified platform, adding portfolio and resource-management functions, enterprise application integrations and natural-language formula generation through its Oscar AI assistant.
Conclusion
Faster recurring sales supported Planisware’s unchanged 2026 outlook, while the timing of fourth-quarter non-recurring transactions remains a management caveat. The next scheduled financial release is the full-year 2026 results on February 24, 2027.
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