Pivotree Announces First Quarter 2026 Results
Summary
Pivotree reported Q1 2026 results with net income of $0.6M and the sixth consecutive quarter of positive Adjusted EBITDA, while generating positive free cash flow. Total revenue declined 27.6% year-over-year to $13.9M, driven by a planned wind-down of Legacy Managed Services and timing delays in Professional Services, though Managed and IP Solutions (MIPS) grew 7.9%. Gross margin improved to 47.3% reflecting delivery discipline, automation, and early benefits from AI-enabled projects, and management noted a shift in client conversations toward deploying AI on top of data. The company signed a $2.5M contract after quarter-end and emphasized ongoing pipeline conversion and focus on AI-enabled services as part of its growth strategy.
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Commerce Software
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$10M to $25M