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Results · Enterprise Software & IT

Tracxn posts Q3 loss on higher expenses

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Tracxn logo
Date
Company
Tracxn
What it does
Startup data and research platform
Kind
Results
Sector
Enterprise Software & IT

What they do

Tracxn is a data platform that tracks startups and private companies globally

What happened

It reported Q3 FY26 operating revenue of Rs 21 crore, down 2% YoY, and a net loss of Rs 81 lakh

Why it matters

Employee costs ate up 88% of expenses, and a one-time charge of Rs 94 lakh for new labour codes hit profit

The details

  • Tracxn reported its financial results for the third quarter of fiscal year 2026.
  • Operating revenue for Q3 FY26 was Rs 21 crore, down 2% from Rs 21.4 crore a year ago.
  • The company posted a net loss of Rs 81 lakh, compared to a profit of Rs 1.42 crore in Q3 FY25.
  • Total income for the quarter stood at Rs 22.6 crore, including Rs 1.57 crore from non-operating sources.
  • Total expenses rose 8.6% year-on-year to Rs 22.8 crore.
  • Employee benefit expenses accounted for about Rs 20 crore, or 88% of total expenditure.
  • An exceptional item of Rs 94 lakh was recorded due to statutory implementation of new labour codes.
  • For the first nine months of FY26, operating revenue was Rs 63.3 crore and net loss was Rs 5.25 crore, more than 2.6 times the loss in the same period last year.

The bigger picture

  • The loss in Q3 was driven by higher employee costs and a one-time charge for new labour codes.
  • The company's revenue growth has slowed, with a 2% decline in quarterly operating revenue.
  • The nine-month loss widened due to a deferred tax expense of Rs 5.6 crore.

About the business

  • Tracxn is a data and research platform that tracks startups and private companies across multiple sectors.
  • It generates revenue through subscription sales, giving customers access to its data and software products.
  • The platform covers over 7.7 million companies, from unfunded startups to unicorns, across 2,000+ sectors.
  • It has 1,000+ customers in 30+ countries, including venture capital firms, private equity firms, investment banks, incubators, angels, family offices, corporates, government agencies, and universities.

Founders

  • Abhishek Goyal, Co-founder
  • Neha Singh, Co-founder

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