Tracxn Technologies Limited , a leading data and software platform for global private markets, has reported its financial results for the second quarter of fiscal year 2026, showcasing modest revenue growth and significant customer account expansion.

Financial Performance

The company reported revenue from operations of Rs 21.20 crores for Q2 FY26, contributing to a total of Rs 42.40 crores for H1 FY26. This represents a year-on-year growth of 1%, indicating a steady performance in challenging market conditions.

Tracxn maintained profitability with a Profit After Tax (PAT) of Rs 1.60 crores for the quarter, translating to a PAT margin of 4%. The company's financial stability is further evidenced by its free cash flow of Rs 1.60 crores for H1 FY26, with cash equivalents standing at over Rs 90.00 crores.

Customer Growth and Market Expansion

A standout achievement for Tracxn this quarter was its remarkable customer account growth. The company saw a 41% year-on-year increase in customer accounts, reaching 2,143 by the end of Q2. This substantial expansion in its client base underscores the growing demand for Tracxn's services in the private market data sector.

International markets continued to play a significant role in Tracxn's business, with 56% of total revenue in H1 FY26 coming from international sources, spanning over 50 countries. The company's global reach highlights its strong position in the international private market data industry.

Strategic Initiatives

Tracxn has implemented several strategic initiatives to drive growth and enhance its market position:

1. Vertical Teams: The company launched multiple vertical teams for different customer segments, allowing for more focused and specialized service delivery.

2. India Business Unit Growth: The India business unit showed promising results with a 16% revenue growth, indicating strong performance in the domestic market.

3. North American Expansion: Tracxn entered into a partnership with TMX Datalinx, aimed at expanding its presence in the North American market. This collaboration is expected to accelerate customer acquisition and increase market share in the region.

4. AI-Driven Data Production: The company continues to invest in AI-driven data production, enhancing efficiency and expanding its regulatory datasets.

Outlook

While the overall revenue growth remains modest, Tracxn's significant increase in customer accounts and strategic initiatives position it well for future growth. The company's focus on international expansion, particularly in North America through the TMX Datalinx partnership, along with its continued investment in AI and data production, suggest a strong foundation for potential acceleration in revenue growth in the coming quarters.

Neha Singh, Chairperson and Managing Director of Tracxn Technologies, commented during the earnings call, "We are excited about our customer growth and the strategic initiatives we've undertaken. Our partnership with TMX Datalinx and the expansion of our vertical teams are expected to drive growth, particularly in key international markets."

As Tracxn Technologies continues to navigate the evolving landscape of private market data, investors and industry observers will be watching closely to see how these strategic moves translate into financial performance in the coming quarters.

Tracxn Technologies , a provider of private market intelligence, has released its financial results for the first half of fiscal year 2026 and the second quarter, revealing a mixed performance as the company continues to implement strategic growth initiatives.

Revenue Growth and Profitability

For the six months ended September 30, 2025, Tracxn Technologies reported:

The company's revenue from operations saw a modest increase of 1.2% year-over-year. However, EBITDA turned negative at ₹(0.78) crore compared to a positive ₹1.20 crore in the same period last year. Profit After Tax (PAT), excluding deferred tax adjustments, decreased by 46.8% to ₹1.58 crore.

In the second quarter, Tracxn Technologies reported:

• Net loss of ₹55.6 million, compared to a loss of ₹46.5 million in the same period last year
• Revenue declined slightly to ₹212.4 million from ₹214 million year-over-year
• EBITDA dropped to ₹6.6 million from ₹23 million
• EBITDA margin compressed to 3.10% from 10.71% in the previous year

Customer Growth and Market Expansion

Tracxn Technologies reported significant growth in its customer base:

• Customer accounts increased by 41% year-over-year to 2,143
• User base expanded by 44% compared to the previous year

The company has been particularly successful in the Indian market, with the number of Indian accounts growing by 50% year-over-year in Q2 FY26, accompanied by a 16% increase in revenue from India.

Strategic Initiatives

Tracxn Technologies highlighted several strategic initiatives aimed at driving growth:

1. Expansion of datasets, particularly in revenue and financial data of private companies
2. Partnership with TMX Datalinx to increase distribution in North America
3. Enhancement of the Tracxn Lite platform, resulting in a 1.5x increase in organic sign-ups
4. Specialization of sales teams for various customer segments
5. Increased coverage of regulatory data across multiple countries
6. Implementation of AI in data production, leading to expanded coverage and improved efficiency

Balance Sheet and Cash Position

As of September 30, 2025, Tracxn Technologies reported:

• Cash and cash equivalents of ₹90.8 crore, an increase of 7% year-over-year
• Completion of a share buyback program, with 1,066,666 equity shares repurchased at ₹75 per share

Outlook

While facing short-term profitability challenges, as evidenced by the wider net loss and lower EBITDA margin in Q2, Tracxn Technologies remains focused on expanding its market presence and enhancing its product offerings. The company's investments in data expansion, international partnerships, and AI-driven efficiencies are expected to drive future growth and improve its competitive position in the global private market intelligence sector.