After a transformative 2025 defined by the CR2 integration and a rapid shift to SaaS, HPS reports record backlog and growing recurring revenues, positioning 2026 for momentum while setting the stage for an operating leverage inflection beyond 2027. Management targets 25–30% EBITDA margin by 2027 as scalable cloud economics and a unified “Glass to Ledger” roadmap unlock incremental cash flow through 2032.
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