Black Pearl Group (ASX:BPG, NZE:BPG) reported fiscal fourth quarter annual recurring revenue (ARR) of NZ$26.8 million, up 114% year on year, according to a Tuesday New Zealand bourse filing.

The company reported ARR of AU$12.5 million for the March 2025 quarter, an earlier filing showed.

The company's data-as-a-service recorded a 0% revenue churn in the period. Software-as-a-Service revenue churn improved by 0.4 percentage points to 4.9% from 5.3% the previous year.

The customer acquisition cost payback period improved to 3.5 months in the fiscal fourth quarter, down from 3.9 months in the previous quarter.

Annual recurring revenue per employee increased to NZ$346,000, a 41% rise from NZ$245,000 in the previous year.

Looking ahead, the company said it is nearing its NZ$30 million ARR milestone.