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AutoStore (AUTO) investor relations material
AutoStore Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $139.0 million, up 3.7% sequentially but down 3.6% year-over-year, with stable order intake and strong gross margin recovery after a prior inventory write-down.
Over half of revenues came from existing customers, with about 50 new customers added, supporting a land and expand strategy.
Seven new products and features were launched, including AutoCase and FlexBins, and a strategic partnership with Veloq was established to enhance grocery automation offerings.
The business serves 1,850 unique customers across 63 countries, focusing on innovation and operational efficiency.
Europe remained the largest region, accounting for over 70% of revenues, while North America showed positive momentum and contributed about 25% of 2024 revenue.
Financial highlights
Q3 2025 revenue was $139.0 million, up 3.7% sequentially, with gross margin at 73.1% and adjusted EBITDA margin at 47.1%.
Order intake reached $152.4 million, stable sequentially and up 5.9% year-over-year; backlog increased to $543 million, up 3% sequentially and 13% year-over-year.
Operating cash flow was $73.4 million, significantly higher than the prior year, supporting robust liquidity of $498 million.
Adjusted EBIT was $53.8 million, and profit after tax was $32.2 million, up from $31.1 million last year.
Inventory reduced from $94 million to $90 million sequentially, reflecting strong inventory control.
Outlook and guidance
No formal forward guidance provided due to ongoing market uncertainty, but leading indicators and pipeline activity show positive trends, especially in Europe and the U.S.
Market conditions show gradual recovery, especially in apparel and sport, with resilient demand in industrial, healthcare, and 3PL segments.
Backlog conversion has improved, driven by customers advancing their plans, but normalization depends on further market stabilization.
The company is positioned for long-term value creation, focusing on innovation and commercial execution.
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