Embedded finance solutions provider Stakk (ASX: SKK++)++ is targeting a $15 million annual recurring revenue (ARR) run-rate by mid-year following on from record growth in 2025. The company ended the year with a headline ARR run-rate of $8.53m, underpinned by $3.56m in booked revenue and a cash balance of $15.6m. The results represented Stakk’s first full year operating as a software-as-a-service (SaaS)-based provider following the acquisition of Radical DBX (now Stakk IQ) to boost its US embedded finance capabilities. Stakk considers ARR its primary operating and valuation metric, as it represents the annualised value of recurring revenue under contract at a specific point in time and provides a clear indicator of revenue expected to be recognised over the subsequent 12 months. Mobile IQ SDK is monetised as a recurring, enterprise-grade platform module and contributes directly to Stakk’s contracted ARR.