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Stakk (ASX:SKK) expects to report its first operating profit for FY26, driven by strong customer growth, increasing recurring revenue and higher cash receipts.

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The AI-native digital trust infrastructure provider expects FY26 operating revenue of about $13.55 million, while forecasting FY27 revenue of ~$21.8M based on customer contracts already signed and disclosed to the market.

The company said its annualised revenue run-rate has now reached $26M, well ahead of the $15M target announced this year. Gross margins remain ~85%.

Stakk also this morning confirmed that it recently received two customer milestone payments totalling US$3.69M, providing additional confidence in the execution of previously announced contracts.

Company management said the continued conversion of customers into recurring production revenue, together with growing cash receipts and contract wins, has materially strengthened Stakk’s financial position.

The company noted its FY27 forecast is based on existing customer agreements and does not include any contribution from future contracts, acquisitions, or expanded customer usage, leaving upside if more business is secured.

Stakk said its FY26 profit expectation remains subject to the completion of its year-end financial reporting process, audit procedures and final board approval.

SKK shares are up more than +12% today, last at 27c.

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