Tracxn losses rise 19% in Q2 FY26; revenue remains flat

Data and research platform Tracxn announced its financial results for the second quarter of FY26 on Wednesday. The firm’s revenue remained flat during Q2 FY26, while it slipped into losses on a quarter-on-quarter basis.

Tracxn's revenue from operations decreased 1% to Rs 21.24 crore in Q2 FY26, compared to Rs 21.39 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show.

On a half yearly basis, Tracxn’s operating revenue increased by 1.2% to Rs 42.44 crore in H1 FY26 from Rs 41.93 crore in H1 FY25.

Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter.

The company also made Rs 1.24 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.48 crore in the second quarter.

Employee benefits remained the largest cost center for Tracxn, accounting for 87% of its total expenditure. This expense increased by 4.6% year-on-year, rising to Rs 19 crore in Q2 FY26 from Rs 18.2 crore in Q2 FY25. Overall, Tracxn's total costs grew by approximately 6.7%, reaching Rs 21.86 crore in Q2 FY26.

The company’s loss for the period decreased to Rs 5.56 crore in Q2 FY26 from Rs 4.65 crore in Q2 FY25. It's worth noting that the company had posted a profit of Rs 1.11 crore in the previous quarter (Q1 FY26).

At the end of last trading day, Tracxn’s share price was trading at Rs 52.61, giving the company a market capitalization of Rs 559 crore ($63 million).