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Nuix Ltd. (AU:NXL)
ASX:NXL
Australian Market

Nuix Ltd. (NXL) AI Stock Analysis

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AU:NXL

Nuix Ltd.

(Sydney:NXL)

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Neutral 43 (OpenAI - 4o)
Rating:43Neutral
Price Target:
AU$2.00
▲(8.70% Upside)
Nuix Ltd.'s overall stock score is primarily impacted by its financial performance challenges, including profitability and cash flow conversion issues. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and oversold conditions. The negative P/E ratio further highlights valuation concerns. The absence of earnings call data and corporate events means these factors did not influence the score.
Positive Factors
Strong Gross Margins
High gross margins suggest effective cost control and pricing power, providing a buffer against operational inefficiencies and supporting long-term profitability.
Stable Balance Sheet
A stable balance sheet with low leverage enhances financial flexibility and reduces risk, supporting sustainable growth and resilience against economic downturns.
Recurring Revenue Streams
Long-term contracts and partnerships provide predictable revenue streams, enhancing financial stability and allowing for strategic planning and investment in growth opportunities.
Negative Factors
Profitability Challenges
Persistent profitability issues can hinder reinvestment in the business and limit competitive positioning, affecting long-term growth and shareholder returns.
Decline in Free Cash Flow
Reduced free cash flow growth limits the company's ability to fund operations, invest in growth opportunities, and return capital to shareholders, impacting future financial health.
Inconsistent Revenue Growth
Inconsistent revenue growth can signal market challenges or competitive pressures, potentially undermining the company's ability to scale and maintain market share over time.

Nuix Ltd. (NXL) vs. iShares MSCI Australia ETF (EWA)

Nuix Ltd. Business Overview & Revenue Model

Company DescriptionNuix Limited provides investigative analytics and intelligence software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company offers Nuix Workstation, a solution for processing file formats and source types into meaningful information by capturing the content, metadata, and context; Nuix Discover that provides processing, analytics, and machine learning-powered review in a single platform; and Nuix Investigate, a solution which extracts, correlates, and contextualizes various types of data types, across people, objects, locations, and events. The company also provides Nuix Adaptive Security, monitors, detects, and responds to the threats of enterprises; Nuix Enterprise Collection Center, a solution to collect disk images or selected data from laptops, desktops, servers, enterprise file shares, and Microsoft sharepoint sites to legal, investigation, security, and compliance teams for investigation; Nuix Automation, a web-based multi-user graphical tool that allows to map out complex data processes across various activities and machines; and Nuix NLP, a solution which combines machine learning technologies with a proprietary language model to discover, understand, classify, and quantify text content. It serves corporations, governments, law enforcement industries, law firms, advisories, and service partners. The company was formerly known as Nuix Pty Ltd and changed its name to Nuix Limited in September 2020. Nuix Limited was founded in 2000 and is headquartered in Sydney, Australia.
How the Company Makes MoneyNuix generates revenue through a combination of software licensing and subscription models, professional services, and training offerings. The primary revenue stream comes from the sale of its software licenses, which can be either perpetual or subscription-based, allowing clients to use their products for data processing and analytics. Additionally, Nuix offers consulting and support services to assist clients in implementing and optimizing their software solutions. Significant partnerships with legal firms, government agencies, and corporations enhance its market reach and contribute to recurring revenue through long-term contracts and service agreements.

Nuix Ltd. Financial Statement Overview

Summary
Nuix Ltd. faces challenges in profitability and cash flow conversion despite maintaining strong gross margins and a stable balance sheet. The company needs to address operational inefficiencies and improve cash flow management to enhance financial health and shareholder value.
Income Statement
45
Neutral
Nuix Ltd. has shown inconsistent revenue growth, with a recent decline of 2.58%. The gross profit margin remains strong at approximately 90%, indicating efficient cost management. However, the company struggles with profitability, evidenced by negative net profit margins and EBIT margins in the latest year, reflecting operational challenges.
Balance Sheet
60
Neutral
The balance sheet is relatively stable with a low debt-to-equity ratio of 0.017, suggesting conservative leverage. However, the return on equity is negative, indicating inefficiencies in generating returns for shareholders. The equity ratio is healthy, showing a strong equity base relative to assets.
Cash Flow
50
Neutral
Cash flow performance is mixed, with a significant decline in free cash flow growth by 21.55%. The operating cash flow to net income ratio is positive, suggesting decent cash generation relative to net income. However, the free cash flow to net income ratio indicates challenges in converting profits into free cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue221.51M221.50M220.62M182.47M152.31M176.07M
Gross Profit199.66M199.23M198.97M119.13M98.29M126.14M
EBITDA53.91M56.02M61.46M35.56M11.95M27.42M
Net Income-9.21M-9.21M5.03M-5.59M-22.79M-1.41M
Balance Sheet
Total Assets393.43M393.43M397.08M428.19M421.66M405.45M
Cash, Cash Equivalents and Short-Term Investments39.97M39.97M38.03M29.59M46.85M70.86M
Total Debt5.02M5.02M11.16M11.12M13.65M11.36M
Total Liabilities102.63M102.63M110.85M157.34M152.59M124.38M
Stockholders Equity290.80M290.80M286.69M270.84M269.07M281.07M
Cash Flow
Free Cash Flow25.27M25.27M49.60M-5.97M-14.63M-24.51M
Operating Cash Flow26.85M26.85M50.34M32.56M30.12M10.80M
Investing Cash Flow-22.84M-22.84M-38.45M-45.42M-51.61M-35.31M
Financing Cash Flow-3.57M-3.57M-3.45M-4.29M-2.73M58.10M

Nuix Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.84
Price Trends
50DMA
2.18
Negative
100DMA
2.39
Negative
200DMA
2.44
Negative
Market Momentum
MACD
-0.08
Negative
RSI
41.76
Neutral
STOCH
37.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXL, the sentiment is Negative. The current price of 1.84 is below the 20-day moving average (MA) of 1.85, below the 50-day MA of 2.18, and below the 200-day MA of 2.44, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 37.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NXL.

Nuix Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
AU$641.42M38.0912.02%4.18%4.03%31.66%
71
Outperform
AU$1.21B16.3065.33%9.71%25.67%744.90%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
60
Neutral
AU$537.73M90.7510.18%0.44%17.12%311.38%
55
Neutral
AU$1.10B387.50<0.01%-29.99%-66.84%
43
Neutral
AU$615.77M-65.71-3.19%0.40%-280.65%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NXL
Nuix Ltd.
1.84
-4.25
-69.79%
AU:IFM
Infomedia Ltd
1.69
0.37
28.03%
AU:EOL
Energy One Limited
17.08
10.66
165.92%
AU:BVS
Bravura Solutions Limited
2.70
0.90
50.00%
AU:RUL
RPMGlobal Holdings Ltd
4.96
2.05
70.45%
AU:FCL
FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
2.69
0.75
38.66%

Nuix Ltd. Corporate Events

Nuix Ltd. to Acquire Graph Intelligence Firm Linkurious
Dec 3, 2025

Nuix Ltd. has announced its acquisition of Linkurious, a Paris-based company specializing in graph-powered AI decision platforms. This strategic move aims to enhance Nuix’s capabilities in data visualization and graph technology, offering immediate value to its customers. The acquisition, valued at up to €20 million, will be funded through a combination of debt and cash reserves, with completion expected in early 2026. This integration is anticipated to create growth opportunities through expanded sales and distribution, leveraging Linkurious’s expertise and customer base across North America, Europe, and Asia-Pacific.

Nuix Corrects Director Cessation Date in Recent Announcement
Nov 28, 2025

Nuix Limited announced a correction regarding the cessation date of Mr. Jeffrey Bleich as a director, which was inaccurately reported in a previous document. The corrected date of Mr. Bleich’s departure is 19 November 2025. This update ensures accurate corporate governance records and reflects the company’s commitment to transparency.

Nuix Ltd. Director Jeffrey Bleich Resigns
Nov 27, 2025

Nuix Ltd. announced the resignation of Jeffrey Laurence Bleich from his position as a director, effective October 20, 2025. Bleich held 135,000 ordinary shares directly and an additional 10,000 shares through the Jeffrey and Rebecca Bleich Living Trust. This change in the board may impact the company’s strategic direction and stakeholder confidence.

UBS Group AG Ceases to be Substantial Holder in Nuix Ltd.
Nov 19, 2025

UBS Group AG and its related bodies corporate have ceased to be substantial shareholders of Nuix Ltd. as of November 17, 2025. This change in shareholding could impact Nuix’s market perception and investor confidence, as UBS’s exit may signal shifts in strategic interests or assessments of Nuix’s market position.

Nuix Limited Announces Successful AGM Results
Nov 19, 2025

Nuix Limited, a global software company, announced the results of its Annual General Meeting where all resolutions were passed successfully. Key resolutions included the re-election of directors and the approval of the Nuix Global Employee Share Award Plan, indicating strong shareholder support and strategic alignment for future growth.

Nuix Limited Outlines Strategic Focus and Growth Projections at 2025 AGM
Nov 18, 2025

Nuix Limited held its 2025 Annual General Meeting, where the Chairman and Interim CEO addressed shareholders. The company provided a trading update, projecting a full-year Annual Contract Value (ACV) range of $240 million to $260 million, with a focus on business transformation and growth driven by Nuix Neo. The company aims for revenue growth to outpace operating cost growth and expects to maintain positive underlying cash flow for the year.

Nuix Ltd. Announces Director Departure
Nov 6, 2025

Nuix Ltd. announced the cessation of Jonathan Rubinsztein as a director, effective October 31, 2025. This change in leadership may impact the company’s strategic direction and stakeholder relations, given Rubinsztein’s significant holdings in the company, including over 2 million fully paid ordinary shares and performance rights.

Nuix Proposes Constitutional Amendment for Virtual Shareholder Meetings
Nov 5, 2025

Nuix Limited has announced a proposed amendment to its Constitution to allow for virtual-only shareholder meetings, aligning with recent legislative changes. This amendment is designed to provide flexibility in meeting formats, particularly in response to health and safety concerns or government restrictions, without affecting the validity of existing proxy votes for the upcoming Annual General Meeting.

Nuix Ltd. Issues Performance Rights Under Employee Incentive Scheme
Nov 4, 2025

Nuix Ltd. has announced the issuance of 3,779 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the end of the restriction period. This move is part of Nuix’s strategy to incentivize employees, potentially impacting its operational efficiency and market positioning by aligning employee interests with company performance.

Nuix Limited Addresses Late Lodgement of Director’s Interest Notice
Oct 30, 2025

Nuix Limited has announced a late lodgement of an Appendix 3Y, which details a change in the director’s interest notice for Mr. Jonathan Rubinsztein. The delay was due to an administrative oversight, and the company has assured that this was an isolated incident. The acquisition of shares was a result of the vesting of performance rights, previously disclosed in August 2025. Nuix emphasizes its commitment to compliance with ASX Listing Rules and believes its current practices are sufficient to prevent future occurrences.

Nuix Withdraws CEO Performance Rights Resolutions Amid Leadership Change
Oct 27, 2025

Nuix Limited has announced the withdrawal of two resolutions related to performance rights for the CEO, following the decision of CEO Jonathan Rubinsztein to step down at the end of October 2025. This decision will not impact the validity of proxy forms or other business items at the upcoming AGM, indicating a smooth transition in leadership without affecting shareholder proceedings.

Nuix Appoints John Ruthven as Interim CEO
Oct 26, 2025

Nuix Limited has announced the appointment of John Ruthven as Interim CEO, effective November 3, 2025, following the departure of Jonathan Rubinsztein. Ruthven, with extensive experience in the software and IT services industries, will lead the company for up to 12 months while a global search for a permanent CEO is conducted. This leadership change aims to maintain Nuix’s strong market position and support its strategic goals during the transition period.

Nuix CEO Jonathan Rubinsztein to Step Down
Oct 26, 2025

Nuix Limited announced that its CEO, Jonathan Rubinsztein, will step down at the end of October 2025. Under Rubinsztein’s leadership since December 2021, Nuix has stabilized and transformed its business, aligning with its strategic direction and focusing on growth. The Board appreciates his contributions and plans to appoint an interim CEO while conducting a global search for a new leader, indicating a smooth transition and continued focus on growth.

Nuix Ltd. Issues 50,000 Performance Rights in Employee Incentive Scheme
Oct 13, 2025

Nuix Ltd. announced the issuance of 50,000 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the restriction period ends, reflecting the company’s strategy to incentivize its workforce and align their interests with corporate goals.

Nuix Ltd. Announces Cessation of Securities
Oct 13, 2025

Nuix Ltd. announced the cessation of 69,730 securities, which expired without being exercised or converted as of September 30, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategy and market positioning.

UBS Group AG Ceases to be Substantial Shareholder in Nuix Ltd.
Oct 8, 2025

Nuix Ltd. has announced that UBS Group AG and its related bodies corporate have ceased to be substantial shareholders in the company as of October 6, 2025. This change could impact Nuix’s shareholder structure and influence its market dynamics, potentially affecting investor confidence and the company’s strategic decisions moving forward.

Nuix Unveils Strategic Vision and AI Advancements at XLR8/25 Conference
Sep 22, 2025

Nuix Limited has unveiled its strategic direction at the XLR8/25 conference, emphasizing its unique market positioning through advanced processing capabilities and the Nuix Neo Platform. The company is focusing on enhancing AI capabilities and developing new solutions for regulators and horizontal workflows, aiming to expand customer use cases and achieve stronger commercial outcomes. Nuix’s holistic approach to AI and data processing is seen as a cornerstone for future growth, with initiatives like the HB² project and contract analysis showcasing its innovative potential.

Nuix Limited Announces Change of Australian Registered Office Address
Sep 19, 2025

Nuix Limited, a prominent player in the investigative analytics software industry, announced a change in the address of its Australian registered office, effective from 30 September 2025. The new address will be Level 29, 1 Market Street, Sydney, NSW 2000. This move is part of the company’s operational updates and has been authorized by the Company Secretary, reflecting Nuix’s ongoing commitment to maintaining its corporate infrastructure.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 19, 2025