Pointerra’s Q2 FY26: Cash-Flow Positive and Digital Twin-ning All the Way

Perth-based Pointerra (ASX:3DP) has delivered a December quarterly that's as cloud-based and analytics-driven as its 3D digital twin platform suggests - but also pleasantly grounded in that rarest of tech startup beasts: positive cashflow.

In its Q2 FY26 Appendix 4C and accompanying investor presentation released on 21 January, Pointerra posted customer receipts of A$2.61 million, a tidy 30% bump on Q1’s $2 million, and nearly double the $2.4 million generated across the entire second half of FY25. Net operating cashflow came in at a positive $472,000, reversing a $336,000 outflow in the prior quarter, and leaving the company with $2 million in the bank at year-end.

This upswing wasn’t merely a product of one-off wins - though some chunky milestones certainly helped. Pointerra has started booking revenue under a US$2 million contract with Georgia Power as part of the U.S. Department of Energy’s GRACI program. The project, focused on grid resilience, marks a new partnership with global energy consultants Baringa, and will contribute material revenue through calendar 2026.

Cloud Clout: Sector Traction Grows

Pointerra's digital twin platform, now sold under a tiered model of Core, Analytics, and Answers, continues to embed itself deeper into industries where physical asset management is no longer just about clipboards and CAD files. The company reported commercial wins and deeper integrations across its five key sectors - energy, mining, AECO (architecture, engineering, construction and operations), transport, and government.

The standout growth continues to come from the US energy utility market, where Pointerra nabbed a multi-year platform commitment from a major West Coast utility. This customer, notably, has implemented the Teledyne Optech Galaxy onboard bundle - the first such real-world deployment since the companies announced their partnership in early 2025.

Meanwhile, in the mining and oil & gas sector, a major hazard management pilot with a Tier 1 miner has gained momentum and now includes closure management tools - hinting at eventual enterprise rollout. Similarly, a proof-of-concept with a Tier 1 oil and gas operator concluded successfully, and contract discussions are underway to integrate Pointerra3D into the operator’s day-to-day inspection workflows.

Survey Says: Digital Twin Tech Hits the Masses

Not content with merely hunting Tier 1 whales, Pointerra is also cultivating a long-tail customer base through its Digital Surveyor package, targeting small UAV operators and surveyors. The model, coupled with its photogrammetry engine and new consumption-based pricing - where users buy Processing Units à la AWS - is finding traction. The company rightly sees this as a scalable annuity-style revenue stream as the sector continues to digitise.

In the AECO space, the recently completed pilot with Amazon - covering multiple sites across the US and UK - validated Pointerra’s ability to scale across a global logistics footprint. Amazon has now approved the Perth outfit as a direct supplier, smoothing the way for broader rollout in 2026 and beyond.

Back on home soil, Transport for NSW and Sydney Metro are exploring expanded use of Pointerra3D to manage tunnel inspections, station construction and broader digital asset management. Across the pond, various US State Departments of Transportation are trialling the platform too, highlighting growing appeal in the transport infrastructure sector.

R&D: New Data Models for a Multi-Modal World

Behind the scenes, the platform is evolving. A foundational overhaul of Pointerra3D’s data architecture is underway to better support complex, multi-modal datasets beyond point clouds - including time-based projects and more scalable automation. Additions like 360-degree video support and AI-assisted in-app help also hint at a UX glow-up that’s more Apple than Autodesk.

More functionally, the team is sharpening its edge in lidar-based vegetation analytics for utilities, streamlining orthoimagery workflows for drone and satellite data, and beefing up support for large unstructured 3D meshes - the sort often found in mining and terrain models.

Profitability on the Horizon?

While the path to sustainable profitability has previously felt more aspirational than assured, this quarter marks a concrete step forward. Management notes that positive cashflows are expected to continue in Q3, underpinned by over $2.5 million in receivables and contracted work at the end of December.

Pointerra’s software-as-a-service model, heavy on recurring revenue and low on physical infrastructure, is starting to show the leverage one expects from scale. Whether this momentum carries through into meaningful EBIT margin territory remains to be seen, but for now, the company has made its case: it’s not just building digital twins - it’s building a viable, cloud-based business to go with them.