Information Technology
Sidetrade: New half-year breakeven threshold and record operating margin of 16% of revenue
Bookings resilience driven by installed base
New growth catalysts: launch of an AI Agent for Order-to-Cash and first global partnership signed
Strong revenue growth, up 18%, with SaaS subscriptions up 24%
Nearly two-thirds of revenue now international
EBITDA exceeds €5 million milestone for the first time, up 33%
Operating margin up a significant 29%, reaching 16% of H1 revenue
Strengthened financial position
2025 information is from consolidated, unaudited data.
* EBITDA corresponds to operating margin before depreciation and amortization of tangible and intangible fixed assets and impairment losses.
** Operating margin corresponds to operating profit based on 2024 accounting standards in France, including the French Research Tax Credit.
said .
, including €2.44 million in new SaaS subscriptions and €3.44 million in services.
remained high at , well above SaaS industry standards, ensuring visibility and resilience. In a depressed economic environment across Europe and the US, this performance was from the record but stable compared to in H1 .
Commercial momentum, propelled by the installed customer base, helped offset reduced enterprise investment in new projects. For the first time, and , compared to 30% for . This trend reflects customer satisfaction, with clients both deepening adoption of existing solutions and implementing new features regularly released by Sidetrade.
During the period, Sidetrade activated two new growth drivers expected to contribute from 2026: the (see press release), which is already igniting strong interest from large enterprises (see press release), and the through global alliances, paving the way for business with the Global 2000 Companies.
In H1 2025, Sidetrade reported consolidated revenue of , up
(+18% reported basis). SaaS subscriptions, the main growth driver, totaled
, up (+24% reported basis). On a like-for-like basis (excluding SHS Viveon), SaaS growth was
, confirming the strength of Sidetrade’s recurring revenue model.
Momentum with large key accounts continues. grew and now represent more than half of the portfolio, cementing Sidetrade’s positioning with multinationals.
. In H1, was generated outside France, confirming the Group’s global expansion and elevating its international status.
Gross margin stood at €22.6 million, up €2.7 million compared with the first half of 2024, against a continued challenging macroeconomic background. The came out to (vs. 80% a year earlier). On a like-for-like basis (excluding SHS Viveon), it reached 80% and remained stable at 92% for SaaS subscriptions, confirming the structural resilience of the model.
In addition to the financial indicators traditionally published, Sidetrade now includes EBITDA, a benchmark indicator for assessing operating performance before depreciation and amortization.
In the first half of 2025, , exceeding the symbolic €5 million milestone for the first time, with a surge of +33%, . On a like-for-like basis (excluding SHS Viveon), the margin reached 20% of H1 revenue, an improvement of 3 points versus the first half of 2024.
The in the first half of 2025 reached , compared to €3.6 million in H1 2024, representing (vs. 15% a year earlier). On a like-for-like basis (excluding SHS Viveon), the margin climbed , up 2 points compared to the first half of 2024.
This attests to the full impact of operational leverage. In a tense market environment, characterized by companies adopting a wait-and-see approach to investment, Sidetrade successfully capitalized on the momentum of its recurring revenue while strengthening its budgetary discipline. Cost control, particularly in the sales and marketing functions, was accompanied by an improvement in operational efficiency.
This remarkable improvement in profitability indicators in the first half of 2025 enabled Sidetrade to maintain an ambitious investment policy, with primarily devoted to the development of agentic AI.
The operating margin for the first half of 2025 also includes a (vs. €1.4 million in H1 2024) and a marginal activation of R&D expenses (€0.15 million, or 2% for the half-year).
Overall, the increase in the , reflects continued operational efficiency gains and the achievement of a new profitability milestone.
The financial result, which stood at €0.1 million for the first half of 2025 (vs. €0.3 million in H1 2024), mainly reflects interest income from short-term cash investments.
is estimated at , up slightly from €0.4 million in the same period last year.
All told, and confirms , despite a continued challenging economic environment.
As of June 30, 2025, Sidetrade reported , up €2.0 million compared to December 31, 2024, excluding the calendar effect related to the reimbursement of the Research Tax Credit. The Group also held for a value of
Meanwhile, net financial debt remains very low, with gross debt reduced to €6.8 million (-€1.1 million in six months).
With a
Revenue for the first nine months of 2025: October 14, 2025 (after the stock market closes)
Christelle Dhrif +33 6 10 46 72 00 cdhrif@sidetrade.com
Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform designed to revolutionize how cash flow is secured and accelerated. Leveraging its new-generation agentic AI, nicknamed Aimie, Sidetrade analyzes $7.2 trillion worth of B2B payment transactions daily in its Cloud, thereby anticipating customer payment behavior and the attrition risk of 40 million buyers worldwide. Sidetrade has a global reach, with 400+ talented employees based in Europe, the United States, and Canada, serving global businesses in more than 85 countries. Among them: AGFA, BMW Financial Services, Bunzl, DXC, Engie, Inmarsat, KPMG, Lafarge, Manpower, Morningstar, Page, Randstad, Safran, Saint-Gobain, Securitas, Siemens, UGI, Veolia.
For more information, visit us at www.sidetrade.com and follow us on LinkedIn at @Sidetrade.
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