BuildData's Q2 numbers came in above expectations on strong growth in TCV (+32% organically y/y) and ARR, where it so far sees no direct impact from a tougher macro outlook. In terms of profitability, the company says that it will increase its efforts to reach break-even on EBITDA, where it has been just below over the last few quarters. Our preliminary take is estimates coming up low- to mid-single-digits.

SEB Research

This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.