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Nuix Ltd. (AU:NXL)
ASX:NXL
Australian Market
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Nuix Ltd. (NXL) AI Stock Analysis

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AU:NXL

Nuix Ltd.

(Sydney:NXL)

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Neutral 44 (OpenAI - 4o)
Rating:44Neutral
Price Target:
AU$2.00
▼(-4.76% Downside)
Nuix Ltd.'s overall stock score is primarily impacted by its financial performance and technical analysis. The company's profitability and cash flow challenges, combined with bearish technical indicators, weigh heavily on the score. Valuation concerns further contribute to the low score, as the negative P/E ratio and lack of dividend yield make the stock less appealing to investors.

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

Nuix Ltd. Business Overview & Revenue Model

Company DescriptionNuix Ltd. (NXL) is a technology company specializing in software solutions for data discovery, investigation, and analysis. The company operates primarily in sectors such as legal, government, and corporate environments, providing tools that help organizations manage large volumes of unstructured data. Nuix’s core products include its eDiscovery software, which assists in legal investigations and compliance, as well as its data analytics tools that help clients gain insights from complex datasets.
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 Debt5.02M5.02M9.77M11.12M13.65M11.36M
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 Price2.10
Price Trends
50DMA
2.69
Negative
100DMA
2.50
Negative
200DMA
2.81
Negative
Market Momentum
MACD
-0.17
Positive
RSI
28.73
Positive
STOCH
4.04
Positive
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 2.1 is below the 20-day moving average (MA) of 2.64, below the 50-day MA of 2.69, and below the 200-day MA of 2.81, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 28.73 is Positive, neither overbought nor oversold. The STOCH value of 4.04 is Positive, 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$637.64M37.8712.02%2.49%4.03%31.66%
66
Neutral
AU$1.30B17.5165.33%9.53%25.67%744.90%
63
Neutral
€598.63M101.0610.18%0.42%17.12%311.38%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
53
Neutral
AU$1.08B380.47<0.01%-29.99%-66.84%
44
Neutral
AU$773.06M-82.50-3.19%0.40%-280.65%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NXL
Nuix Ltd.
2.10
-5.58
-72.66%
AU:IFM
Infomedia Ltd
1.68
0.42
33.33%
AU:EOL
Energy One Limited
18.07
12.34
215.58%
AU:BVS
Bravura Solutions Limited
2.75
1.43
108.33%
AU:RUL
RPMGlobal Holdings Ltd
4.87
1.89
63.42%
AU:FCL
FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
2.70
1.30
92.86%

Nuix Ltd. Corporate Events

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Buy with a A$3.10 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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.

The most recent analyst rating on (AU:NXL) stock is a Buy with a A$3.10 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Nuix Limited Reports Strong ACV Growth Amidst Strategic Shifts
Aug 24, 2025

Nuix Limited announced its financial results for the fiscal year ending June 30, 2025, reporting an 8% increase in Annualised Contract Value (ACV) and a significant 132% growth in Nuix Neo ACV. Despite a flat revenue growth of 0.4%, the company achieved a 24.5% increase in Cash EBITDA, indicating strong operational performance. However, the company faced challenges with a decrease in Net Dollar Retention and an increase in customer churn. The results reflect a strategic shift towards higher-value contracts and a focus on product development, although profitability was impacted by increased R&D expenses and legal costs.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Nuix Ltd. Reports Financial Loss Amid Rising Costs and Restructuring
Aug 24, 2025

Nuix Ltd. reported a significant downturn in its financial performance for the year ending June 2025, with a loss of $9.2 million compared to a profit of $5 million the previous year. This decline is attributed to increased legal fees, restructuring costs, and a decrease in the capitalization rate of research and development expenses. Despite these challenges, the company’s Cash EBITDA improved by 24.5%, indicating operational resilience. The company has not proposed any dividends for the year, and its net tangible assets per share increased from 14.0 cents to 22.4 cents, reflecting a stronger asset base.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Nuix Ltd. Announces Quotation of New Securities on ASX
Aug 21, 2025

Nuix Ltd. announced the quotation of 3,300,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code NXL. This move is part of an employee incentive scheme, indicating the company’s strategy to motivate and retain talent while potentially enhancing its market position and operational capabilities.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

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 07, 2025