Getbusy

GETB · AIM · Technology · mcap £40m · 79.0p

GetBusy sells subscription software for accountants and professional firms: SmartVault (US document management and client portal) and Workiro (UK workflow and document tools). Most revenue is recurring.

Target	Promise	Said	Status
2024
31 Dec 2024	FY24 revenue of £22.9m and Adjusted EBITDA of £1.2m	21 May 2024	◐ Partly kept
	“The Board is pleased to reconfirm expectations for the year and remains very encouraged about the long-term value creation and realisation prospects for the Group.” How it developed 21 May 2024 Said “The Board is pleased to reconfirm expectations for the year and remains very much encouraged about the long-term value creation and realisation prospects...” 25 Mar 2025 ◐ Partly “Total revenue was up 3% for the Year, at constant currency, to £21.4m” Result 2024 revenue was £21.4m, below £22.9m; adjusted EBITDA was £1.5m, above £1.2m. “Total revenue was up 3% for the Year, at constant currency, to £21.4m”25 Mar 2025 · 2024 Audited Results “43% increase in Adjusted EBITDA* to £1.5m (2023 £1.0m)”25 Mar 2025 · 2024 Audited Results
2025
early H2-2025	Launch SmartVault integration with Intuit ProConnect Tax	9 Jan 2025	✓ Kept
	“This integration, and the previously announced strengthening of the strategic partnership with Intuit, opens a materially larger market for SmartVault and we expect strong demand from launch, which is scheduled in early H2-2025” Also stated 20 May 2025 How it developed 9 Jan 2025 Said “SmartVault will launch a co-branded integrated document management and workflow package exclusively for customers of ProConnect Tax” 20 May 2025 Said “This integration, and the previously announced strengthening of the strategic partnership with Intuit, opens a materially larger market for SmartVault and...” 15 Oct 2025 ✓ Kept “SmartVault's integration with Intuit ProConnect Tax, Intuit's flagship cloud-based tax preparation and advisory platform, is now live and available to the market.” Result October 2025 announcement said the integration was live, reaching up to 100,000 users; slightly later than early H2 (early Q4). “SmartVault's integration with Intuit ProConnect Tax, Intuit's flagship cloud-based tax preparation and advisory platform, is now live and available to the market.”15 Oct 2025 · Integration with Intuit ProConnect Tax
Q4-2025	Launch new AI-driven workflow features for SmartVault	20 May 2025	✓ Kept
	“Together with the Q4-2025 launch of new AI-driven workflow features, we expect an acceleration of ARR growth in SmartVault in the latter part of 2025 and into 2026” How it developed 20 May 2025 Said “Together with the Q4-2025 launch of new AI-driven workflow features, we expect an acceleration of ARR growth in SmartVault in the latter part of 2025 and into 2026” 24 Mar 2026 ✓ Kept “Launch of SmartRequestAITM, extending SmartVault earlier into the tax workflow, materially increasing monetisation potential across a base of more than 31,000 users” Result March 2026 results cite an AI product launch alongside SmartVault ARR up 16%. “Launch of SmartRequestAITM, extending SmartVault earlier into the tax workflow, materially increasing monetisation potential across a base of more than 31,000 users”24 Mar 2026 · 2025 Audited Results “SmartVault delivered accelerating ARR growth in 2025, driven by strong execution in the core US tax preparation market, expanding integrations across the leading tax platforms, and the initial rollout of SmartRequestAITM.”24 Mar 2026 · 2025 Audited Results
H2-2025	Migration tooling ready to move Virtual Cabinet customers to Workiro	20 May 2025	✓ Kept
	“we expect a significant proportion of existing customers to be migration-ready during H2-2025, which we anticipate will lead to an improvement in churn rates in Virtual Cabinet” How it developed 20 May 2025 Said “we expect a significant proportion of existing customers to be migration-ready during H2-2025, which we anticipate will lead to an improvement in churn...” 24 Mar 2026 ✓ Kept “First successful migrations of Virtual Cabinet customers to Workiro using new automated tooling” Result First successful migrations of Virtual Cabinet customers to Workiro using new automated tooling completed in 2025, with migrations building momentum through H1 2026. “First successful migrations of Virtual Cabinet customers to Workiro using new automated tooling”24 Mar 2026 · 2025 Audited Results
H2 2025	SmartVault ARR growth of 14-18% in H2 2025	9 Sep 2025	✓ Kept
	“expected to drive marked acceleration of SmartVault ARR in H2, to between 14% and 18% annual growth” How it developed 9 Sep 2025 Said “expected to drive marked acceleration of SmartVault ARR in H2, to between 14% and 18% annual growth” 21 Jan 2026 ✓ Kept “SmartVault performed especially strongly, delivering ARR growth of 16%, with new business in the second-half up 65% on the same period in 2024” Result January 2026 update: SmartVault ARR growth of 16%, within the range. “SmartVault performed especially strongly, delivering ARR growth of 16%, with new business in the second-half up 65% on the same period in 2024”21 Jan 2026 · Trading Update
31 Dec 2025	Group constant currency ARR growth of 7-10% in 2025	9 Sep 2025	✓ Kept
	“Group constant currency ARR growth expected to increase to between 7% and 10% in 2025” How it developed 9 Sep 2025 Said “Group constant currency ARR growth expected to increase to between 7% and 10% in 2025” 21 Jan 2026 ✓ Kept “Group ARR at 31 December 2025 grew by 8% at constant currency to £22.6m.” Result Group ARR grew 8% at constant currency to £22.6m in 2025. “Group ARR at 31 December 2025 grew by 8% at constant currency to £22.6m.”21 Jan 2026 · Trading Update
Today · 20 Oct 2026
2026
end of 2026	At least double Annual Recurring Revenue within five years of 2021	26 Mar 2024	✗ Missed
	“In 2021 we announced our ambition to at least double Annual Recurring Revenue within five years. I am pleased to report that ambition remains very much on track.” Result ARR was £24.0m at H1 2026, versus a 2021 base roughly half that implied target; growth of 5-12% a year makes doubling by end 2026 unlikely. 7 Sep 2026 · 2026 Half-year Results
Q4 2026	Launch SmartProposals in SmartVault	13 May 2026	… In progress
	“SmartProposal on track to launch in Q4, extending SmartVault upstream into client engagement, pricing and payment workflows” Also stated 7 Sep 2026 How it developed 13 May 2026 Said “With the launch of SmartProposals in Q4, SmartVault will extend further upstream into new client engagement and pricing workflows.” 7 Sep 2026 Said “SmartProposal on track to launch in Q4, extending SmartVault upstream into client engagement, pricing and payment workflows” Status so far Not yet due.
31 Dec 2026	Workiro offsets Virtual Cabinet churn by end 2025 and returns to growth in 2026	9 Sep 2025	… In progress
	“Workiro new business and migrations expected to offset Virtual Cabinet churn by end of 2025 with return to growth in 2026” Also stated 24 Mar 2026 · 13 May 2026 How it developed 9 Sep 2025 Said “Workiro new business and migrations expected to offset Virtual Cabinet churn by end of 2025 with return to growth in 2026” 24 Mar 2026 Said “Workiro targeting a return to modest growth in 2026, supported by renewed focus on professional services customers” 13 May 2026 Said “Workiro will continue its return to growth during the rest 2026.” Status so far Not yet due.
31 Dec 2026	SmartVault ARR growth to strengthen in 2026, around 20% for the full year	21 Jan 2026	… In progress
	“We expect ARR growth for the full year to remain in the 20% range” Also stated 24 Mar 2026 · 7 Sep 2026 How it developed 21 Jan 2026 Said “the board confidence that SmartVault can sustain or further accelerate this enhanced level of ARR growth into 2026” 24 Mar 2026 Said “SmartVault ARR growth expected to strengthen in 2026, driven by ProConnect and UltraTax customer acquisition” 7 Sep 2026 Said “We expect ARR growth for the full year to remain in the 20% range” Status so far Not yet due.
2027
FY27	SmartVault EBITDA margin rising towards 20% in FY26, with significant enhancement in FY27	21 Jan 2026	… In progress
	“the board expects SmartVault to generate rapidly increasing EBITDA margins in 2026” Also stated 7 Sep 2026 How it developed 21 Jan 2026 Said “the board expects SmartVault to generate rapidly increasing EBITDA margins in 2026” 7 Sep 2026 Said “EBITDA margin is expected to continue increasing as the inherent operating leverage of the SaaS business model efficiently converts incremental revenue into cash” Status so far Not yet due.