Annual rank40
Italy · Technology
TXT
Provides software, consulting and digital solutions across aerospace, defence, industry, government and fintech markets.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
Software inside aircraft, simulators and financial workflows
TXT develops software for systems where mistakes are expensive: aircraft design, airborne code, pilot training, factory operations and regulated financial processes. Its aerospace portfolio is unusually visual, with tools for configuring cabins, comparing aircraft architectures, optimising flight profiles and powering pilot-training devices. Other teams apply the same combination of specialist engineering and reusable software to anti-money-laundering controls, payments and supply-chain finance across an international group headquartered in Italy.
Design before metal
DESMO, MyCabin and Halo turn design choices into visual models
DESMO supports early aircraft and onboard-system trade-offs. ACE MyCabin gives teams a collaborative cabin-layout environment, while Halo is a 3D configurator for aircraft-interior products, using predefined allowed equipment positions and options. The embedded official demonstrations show layouts and product configurations changing on screen.
- Explore DESMO Preliminary aircraft design and multidisciplinary trade studies
- Configure a cabin with ACE MyCabin Collaborative layouts, rules and customer configurations
- Configure cabin products with Halo 3D interior-product visualisation, allowed positions and configuration reports
- ▶ VideoWatch MyCabin change a layout Official language-neutral interface demonstration
- ▶ VideoWatch Halo configure an interior product Official language-neutral interface demonstration
Training and simulation
From authoring XR training to powering flight-deck devices
WEAVR supports drag-and-drop authoring of hands-on XR training, browser-based distribution and knowledge-retention tracking. ProSim software powers partner-supplied fixed-base devices for 737 NG, 737 MAX and A320 ceo/neo aircraft. VAPS XT creates interactive real-time graphical displays used in simulation and embedded-interface development.
- Create XR training with WEAVR Drag-and-drop authoring, browser distribution and knowledge tracking
- Explore ProSim training software Software for partner-supplied 737 and A320 fixed-base devices
- Design displays with VAPS XT Real-time graphics for simulation and embedded interfaces
- ▶ VideoWatch VAPS XT in motion Official language-neutral interface demonstration
From code to operation
Certified software, efficient flights and digital factories
TXT takes airborne software from architecture through verification and DO-178C support. Pacelab Flight Profile Optimizer recommends cost-efficient speeds and altitudes. On 2 March 2026, PACE America acquired SmartRoutes and integrated its real-time en-route optimisation into FPO. The integrated offering, together with two major US airline contracts, is expected to reach approximately USD 20 million of subscription recurring revenue by 2027; H1 gives no airline deployment, active-user or realised-revenue KPI and does not update the earlier Q4 2026 full-service target. The digital-manufacturing practice links planning with shop-floor work, while the planned ISM4Italy hub remains future research infrastructure.
- Open the H1 SmartRoutes update Acquisition completion, FPO integration, airline contracts and the KPI boundary
- Take software toward certification Onboard development, verification and DO-178C support
- Optimise a flight profile Speed and altitude recommendations across a route
- Digitise aircraft manufacturing Planning, shop-floor processes and industrial applications
- Explore ISM4Italy Simulation laboratories, AI and aerospace research infrastructure
Fintech products
Fintech platforms address distinct financial workflows
Faraday applies machine learning to risk and anti-money-laundering analysis. Polaris connects buyers, suppliers and financial partners in supply-chain-finance programmes. TXT's payments offering covers digital payments, meal vouchers, loyalty services and terminal management, while Cheleo software covers lending, leasing, factoring and non-performing-loan workflows.
- Analyse risk with Faraday AML, corruption and terrorism-financing risk workflows
- Connect a supply chain with Polaris Buyer, supplier and funder collaboration around receivables
- Explore TXT payment solutions Payments, meal vouchers, loyalty and terminal management
- Explore Cheleo lending software Leasing, loans, factoring and non-performing-loan processes
Official profile sources: TXT Group — Your global digital enabler · Aerospace & Defense — TXT Group · Fintech — TXT Group
Current 2026 update
What is changing at TXT in 2026?
TXT is scaling flight optimisation through airline subscriptions, integrating the completed GCI digital-infrastructure acquisition while pursuing a separately signed but unfinished FMA transaction, and building a specialist defence-engineering team.
The change in one sentence
Three specialised platforms are moving from acquisition or agreement toward execution.
SmartRoutes extends a proprietary aviation product, Digital Edge adds infrastructure capabilities and the TXT-MBDA partnership creates a phased engineering build-out, each with a different proof point still missing.
Four lenses on 2026
The same four-quadrant format used in the Company profile.
01 · Flight operations
SmartRoutes becomes a two-airline subscription plan
PACE America completed the SmartRoutes acquisition on 2 March and integrated its real-time en-route flight optimisation into Pacelab FPO. TXT says the acquired business generated about USD 2 million of recurring revenue in 2025. Together with two contracts signed with major US airlines, the combined FPO-SmartRoutes offering is expected to reach approximately USD 20 million of subscription recurring revenue by 2027. H1 gives no airline-by-airline deployment, active-user or realised-revenue KPI and does not update the earlier Q4 2026 full-service target.
- Current signalTwo US airline contracts · about USD 20m recurring revenue expected by 2027 · no rollout KPI
- Why it mattersTXT is turning flight optimisation into a larger recurring software product, but forecast scale still needs deployment and revenue evidence.
- H1 integration and execution update TXT · 2026-08-06
02 · Digital Edge
GCI is inside TXT; a second infrastructure deal remains conditional
TXT acquired 100% of GCI on 1 July and renamed it TXT Digital Edge, adding networking, data-centre, cybersecurity and data-platform capabilities. The group expected about EUR 30 million of GCI revenue and EUR 3 million of EBITDA to consolidate in H2 2026; those are forecasts, not realised results. On 16 September TXT signed a binding agreement to acquire FMA Investment Holding in stages. FMA owns PipeGrep, B2B and Flag, specialists in IT infrastructure and data-centre management. Closing of an initial 88% stake is expected by year-end, subject to an internal reorganisation; a call option for the remaining 12% is linked to approval of the 2028 accounts. FMA’s 2025 revenue was EUR 6.7 million, a separate historical perimeter. Signing must not be presented as completed integration or added 2026 group sales.
- Current signalGCI completed 1 July · FMA 88% initial closing pending; 12% later option
- Why it mattersThe infrastructure platform has one completed base and one proposed addition, so integration and operating contribution must be assessed on different timelines.
- TXT e-solutions 2026-07-01
- TXT e-solutions 2026-08-06
- TXT e-solutions 2026-09-16
03 · Defence engineering
The Turin partnership remains a three-year team build
TXT and MBDA agreed a phased Turin programme covering critical embedded software, systems engineering, advanced simulation and mission-critical algorithms. The plan combines experienced specialists with recruited and trained young engineers and calls for more than 100 new employees over three years. The release gives no hires completed, phase delivered, contract value, revenue or profit contribution by the cutoff.
- Current signalFour technical domains · more than 100 planned hires · three-year horizon · no execution KPI
- Why it mattersThe partnership can add scarce defence-software capacity, but the evidence is still a hiring and capability plan rather than delivered output.
- TXT-MBDA Turin build-out TXT · 2026-07-13
04 · What to watch
Three questions for the next disclosures
The next reports should distinguish deployed software, realised acquisition synergies and recruited engineering capacity from forecasts and plans.
- Airline rolloutDo both airlines enter service, and does TXT disclose active use or recurring revenue against the approximately USD 20 million 2027 expectation?
- Integration and closingDoes GCI deliver its H2 forecast, does the conditional FMA acquisition close on the stated terms, and are any cross-selling benefits reported separately from projections?
- Turin build-outHow many of the planned hires and technical phases are completed, and when does TXT disclose contract economics or delivered programmes?
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 40 | +162% | +94% | +144% |