Baidam lifts revenue 61% as CEO Hodge reshapes services

Baidam has reported a 61% rise in revenue and a 38% increase in gross profit for the 2026 financial year, Chief Executive Officer Beau Hodge's first year leading the cybersecurity company.

The Brisbane-based business attributed the growth to a broader strategic shift, placing greater emphasis on managed and professional services and positioning itself primarily through its cybersecurity work rather than its procurement status.

Hodge said that repositioning has been one of the company's main changes as it works to strengthen its standing with customers and reshape parts of the business.

"We've accelerated our growth, transformed the business, earned greater trust with our customers, and proved that purpose and performance go together," said Beau Hodge, Chief Executive Officer, Baidam.

"We've also laid the foundation for what comes next."

Services focus

A key part of the company's expansion has been growth in managed and professional services. Baidam said it invested in additional staff and worked with key vendors to support that effort, with particular focus on offensive security and identity services.

"Offensive security and identity have been a real focus," Hodge said.

"We've already expanded our team, and we're not done yet."

Its bi-coastal Security Operations Centre remains part of the managed services business. Baidam describes it as Australia's first Indigenous-operated Security Operations Centre.

Vendor reset

Alongside the services push, Baidam reduced the number of vendor relationships it maintains, shifting to a smaller group of core partners. The model is now built around seven or eight vendors.

"We applied the 80-20 rule," Hodge said.

"We now have around seven or eight core vendors where the tech is great, the relationships are strong, and they believe in what we do. We're choosing the best tech and aligning it to our values. We're not just collecting logos."

The company has also expanded its workforce, adding 17 employees across Australia in the past six months and recruiting for another six to seven roles. It also pointed to a growing presence in Western Australia, Victoria and the ACT.

At the executive level, Anita Sheridan-Roddick has been appointed Chief Revenue Officer. Baidam has also introduced a new sales leadership structure intended to create clearer career progression for staff.

Recognition and impact

The company has appeared on a series of Australian growth and industry rankings over the past two years, including the Deloitte Technology Fast 50 in 2024 and 2025, the AFR Fast 100 for a second straight year, and the TechPartnerNews Fast50 Top-Scale Performers category, where it placed second. It also won Cyber Daily's Indigenous Cyber Security Business of the Year in 2025.

Baidam said its social impact measures now include more than AUD $4.4 million returned in social and economic value to Indigenous peoples, six lifetime university scholarships, and more than 25 industry certifications earned by Indigenous cybersecurity professionals. It also cited partnerships with Deadly Coders, TriMob and AEMEE.

Hodge said the company's customer record has helped underpin its growth.

"The best unintended marketing is that we did what we said on the box," Hodge said.

"That's why our customers do business with us, because we actually did it."

He also pointed to growing interest in data control and infrastructure ownership as artificial intelligence becomes more prominent in cybersecurity discussions.

"The AI cyber sovereign piece is really compelling - especially for a First Nations company. National conversations are happening about who controls data and who controls infrastructure. For us, that intersects with something we've always cared deeply about. We want to be in that room - and to stay ahead of the curve," Hodge said.

"We've proved that purpose and performance go together. That's not going to change," he said.