GetBusy reiterates expectations as recurring revenue rises

(Sharecast News) - GetBusy said on Wednesday that annual recurring revenue rose strongly in the first four months of 2026, driven by growth at SmartVault and early signs of recovery at Workiro.

The AIM-traded SaaS provider, which delivers artificial intelligence tools to regulated professionals, said group ARR was up 11% year-on-year to £23.4m in the four months ended 30 April.

GetBusy said the performance validated its strategy and reflected strong adoption of AI technologies within its applications.

SmartVault, its document workflow platform for US tax professionals, delivered ARR growth of 19% year-on-year to $18.5m, while new business in the period rose 36%.

The company said SmartVault was now the only document workflow platform integrated across all major US tax preparation software providers, including Intuit ProConnect, Lacerte, ProSeries, Thomson Reuters UltraTax, CCH and Drake.

It said performance was led by "exceptional contributions" from Thomson Reuters and Intuit ProConnect, following the launch of integrations in the fourth quarter of 2025.

GetBusy said SmartVault's position was supported by deep integrations, its role as custodian for more than 650 million sensitive client documents, and its use by 31,000 professionals across 7,000 firms.

The group said SmartVault would extend further into client engagement and pricing workflows with the launch of SmartProposals in the fourth quarter, building on its SmartRequestAI product, automated retention policies and the next generation of its ProConnect integration.

Workiro also started the year well, with new business in the UK and Australia and New Zealand benefiting from a renewed focus on professional services.

GetBusy said its enhanced strategic collaboration with TaxCalc, one of the UK's leading tax compliance software providers, would make embedded tax and document workflows available to TaxCalc's 11,000 accountancy firms.

The company said migrations from Virtual Cabinet to Workiro were building momentum, leading to higher average revenue per user and improving churn, giving it confidence that Workiro would continue its return to growth during the rest of 2026.

GetBusy said AI was increasingly acting as a "value multiplier" for its trusted vertical platforms, with SmartRequestAI demonstrating the commercial potential of AI-led capabilities.

"With Workiro positioned to return to growth and SmartVault's strategic position strengthening, the board reconfirms its expectations for 2026 with a high degree of confidence," the company said.

At 1417 BST, shares in GetBusy were up 4.33% at 73.55p.

Reporting by Josh White for Sharecast.com.

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