Articore Group – the company behind Australian print-on-demand marketplace Redbubble and its US counterpart TeePublic – has reported a swing back in profit despite an overall revenue slip.
Redbubble’s main categories include clothing, lifestyle products and home, with print-on-demand based on user-submitted artwork, with TeePublic focused primarily on clothes.
For FY26, the group reported a total revenue of $408.5 million, which was down by around $30 million from FY25, with marketplace revenue dropping at a similar rate to $354.5 million.
Despite the revenue drop, Articore Group managed to turn its $11.3 million loss in FY25 into a profit in FY26, hitting $10.9 million.
This was driven by notable drops in depreciation and amortisation, operating expenses and other expenses, as well as $200,000 tax benefit and $400,000 in interest.
Articore ended the year with a cash balance of $40.5 million, up from $28.4 million at FY25 end.
“In FY26, Articore's turnaround delivered a structural change in its performance,” Articore CEO and managing director Vivek Kumar said. “EBIT improved by $20.1 million to $10.3 million, delivering the Group's first full-year profit since listing, outside of the pandemic-driven spike in FY21.
“This result reflects the discipline brought to the business by a strengthened executive team over the past year.”
Kumar added that he and his team are excited about the momentum being built into FY27. This includes investing more heavily in its two new subsidiaries, Dashery and Frankly Wearing. The group launched Dashery in 2025 as an internal storefront platform, while Frankly Wearing is another print-on-demand marketplace that Articore acquired earlier this year, which has been operating in India since 2019.
For FY27, the Group expects to hit a gross profit after paid acquisition (GPAPA) margin of between 27 per cent and 30 per cent.
Alongside this, the Group expects a further step down in operating expenses to between $79 million and $85 million.
It also expects its FY27 operating EBITDA to be between $17 million and $23 million.