Claranova reports recurring revenue reaches 81% for the first nine months

French software publisher and former PlanetArt owner Claranova reported €71 million in revenue for the first nine months of its 2025-2026 fiscal year, highlighting continued progress in its strategic shift toward recurring SaaS revenue, business-to-business growth, and artificial intelligence integration. Revenue for the nine months ended March 2026 declined 12% at constant scope and exchange rates, and 22% on a reported basis, reflecting unfavorable currency movements and the impact of divesting non-core U.S. operations in October 2025. Third-quarter revenue totaled €23 million, down 17% year-over-year.

Despite the top-line decline, Claranova emphasized improving business quality and growing recurring revenue streams. Subscription and recurring revenue represented 81% of total revenue during the first nine months of the fiscal year, up from 75% at the end of fiscal 2024-2025. In the third quarter alone, recurring revenue reached 84% of sales, underscoring the company’s transition away from transactional revenue sources toward a more predictable SaaS-based business model.

A key driver remains Claranova’s Document (PDF) business, which increased 6% over the nine-month period. The segment now accounts for 37% of company revenue, up significantly from 29% a year earlier. Management attributed the growth to increased marketing investment, which rose 44% during the third quarter as the company concentrated resources on its fastest-growing software offerings.

The company also reported continued momentum in its B2B channel, where sales grew 18.5% during the first nine months of the fiscal year. B2B revenue represented 6% of total company sales, compared with 4.1% during the same period last year. Claranova said the growth reflects investments in a dedicated sales organization, increased commercialization of its technology assets, and new strategic partnerships.

One notable initiative is a recently announced partnership with Reverso to develop an AI-powered multilingual document intelligence platform for enterprise customers. The offering is expected to target more than 1.5 million existing B2B users of the Reverso platform.

“In a rapidly changing sector, the Group is demonstrating its agility and ability to seize the most relevant growth opportunities,” said Eric Gareau, CEO, Claranova. “In the third quarter, we confirmed the acceleration of our shift towards a SaaS model, offering greater visibility thanks to the growth in recurring revenue and a greater focus on high-value-added B2B activities. While the Document (PDF) business continues to support the Group’s momentum, the increase in customer lifetime value and the growth of the Utilities business, sold by subscription, confirm the effectiveness of our marketing investment management. Today, the accelerated integration of artificial intelligence into our processes and products, combined with promising strategic partnerships, will usher in a new phase of active development for Claranova.”