StreamWide Reports 25% Revenue Growth in FY 2025, Reaching €26.3 Million on the Back of SaaS Expansion and AT&T-FirstNet® Win

StreamWide SA (Euronext Growth: ALSTW), a specialist in mission critical and business critical communications software, has reported consolidated revenues of €26.3 million for the full year 2025 — an increase of 25.2% year-on-year — driven by accelerating momentum in its platforms business and a landmark SaaS contract with AT&T-FirstNet® in North America.

Financial Highlights at a Glance

The company's total revenues climbed from €21.0 million in 2024 to €26.3 million in 2025, adding €5.3 million to the top line. The growth was broad-based across license, maintenance, services, and SaaS streams, though it was the SaaS category that delivered the most striking performance — expanding by 285% from €0.5 million to €1.9 million in a single year, as the AT&T-FirstNet® contract began generating recurring subscription income.

License revenues grew 25% to €11.1 million, while maintenance revenues increased 28% to €7.3 million. Professional services remained broadly stable at €6.0 million. The platforms segment — comprising the team on mission (mission critical) and team on the run (business critical) product lines — now represents 76% of total annual revenue, up six percentage points from 70% in 2024.

Landmark AT&T-FirstNet® Contract Establishes Recurring SaaS Model

The single most significant development of 2025 was the award and operational launch of a major SaaS contract with AT&T, a global telecoms leader and key player in U.S. public safety through its FirstNet® network. The contract, which generated €1.4 million in recurring revenue during 2025 alone — equivalent to minimum commitments for two quarters of operation before commercial launch — marks the beginning of a high-value, subscription-based revenue stream for StreamWide.

The commercial launch of AT&T-FirstNet®'s "Fusion" solution — powered by StreamWide technology — is expected to take place during Q1 2026. As of the date of this release, the solution is already in testing and validation with approximately thirty U.S. agencies. StreamWide does not distribute the solution directly to end users; rather, AT&T markets it as part of its FirstNet® portfolio.

International Revenue Share Rises to 39%

StreamWide continued to expand its geographic footprint in 2025. International revenues grew to represent 39% of total activity, up from 31% in 2024 — a clear indication of the group's progress in global diversification. New projects were initiated and deployed across Europe and Asia-Pacific, extending the reach of the team on mission platform beyond its traditional public safety customer base and into enterprise markets.

The company's ongoing partnership with Airbus Public Safety and Security (formerly SLC) and its multi-year STORM support contract continued to underpin the public safety segment, generating growing recurring maintenance revenues as the number of active users on deployed platforms increases.

Outlook: Profitable Growth, SaaS Scale-Up and Sector Diversification

Management indicated that FY 2025 operating results are expected to exceed those of 2024, supported by controlled cost growth and strong second-half contribution. Looking ahead to 2026, the company acknowledges a demanding comparative base but sees multiple growth catalysts, including the imminent commercial ramp-up of the AT&T-FirstNet® contract, expanding opportunities in Asia-Pacific, and growing indirect sales activity targeting defense, transport, and energy sectors.

Profitable growth remains the stated corporate objective for 2026. StreamWide also noted that its exposure to AI-driven disruption is expected to remain limited in the medium term, given the complex, low-layer telecommunication protocols underpinning its solutions and the highly secure, operationally critical environments in which they are deployed.

The full-year 2025 financial results are scheduled for release on 24 March 2026, after Euronext market closing.