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8common (ASX:8CO), a travel and expense management software provider, has turned profitable and won a significant government contract. In August 2026, DMX Asset Management reported 8common delivered EBITDA of $0.9 million and a small net profit for FY26, a year-on-year improvement of around $1 million, with annual recurring revenue reaching $5.4 million. DMX noted the shares rose 63% after a strong fourth quarter update, and Merewether Capital highlighted a three-year contract with the Australian Taxation Office for its Expense8 software worth around $650,000 a year. 8common operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 3 comments from 2 fund managers, DMX Asset Management and Merewether Capital. Founded in 2014 and headquartered in Sydney, 8common develops Expense8 and related travel, expense and card management software used by Australian government agencies and enterprises.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Mereweather Capital, DMX Asset Management and Merewether Capital have invested in 8Common Ltd (ASX:8CO).
DMX and Merewether highlight 8common's move to profitability, growing annual recurring revenue and a new Australian Taxation Office contract that adds meaningful recurring revenue to a small business.
The available commentary is positive and does not set out specific risks, though 8common is a very small software company reliant on winning and retaining government contracts.
8common Ltd. is a Sydney-based software developer founded in 2014 by Kah Wui Lim. The company operates through three segments: Performance and Productivity, Realtors8, and Head Office. The Performance and Productivity segment delivers the Expense8 and Perform8 software solutions. The Realtors8 segment provides specialized content management and customer relationship management (CRM) systems. The Head Office segment manages administrative and corporate functions. 8common focuses on the development and distribution of these enterprise software products from its Australian headquarters.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.