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Bambuser (BUSER) investor relations material
Bambuser H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
ARR declined 10% year-over-year to SEK 75.2 million, but grew 2% at constant exchange rates in Q2, marking the strongest ARR development in two years.
Net Sales SaaS fell 11% year-over-year to SEK 38.4 million, with 95% recurring revenue.
Adjusted EBITDA improved by 35% to SEK -32.3 million, driven by a 30% reduction in operating expenses.
Free cash flow improved 41% to SEK -24.5 million, with a margin of -64%.
Launched an AI intelligence offering, with early deployments by Audi Sweden and ASOS.
Financial highlights
Gross margin for SaaS remained stable at 86%.
Net revenue retention (LTM) recovered to 80%, up from 76% at year-end 2025.
Cash and cash equivalents at period end were SEK 94.7 million, following a SEK 16 million rights issue.
No interest-bearing debt; total equity at SEK 70.9 million.
Earnings per share improved to SEK -4.92 from SEK -8.96 year-over-year.
Outlook and guidance
Focus on increasing net revenue retention above 100%, ARR growth at CER, and free cash flow.
AI intelligence offering expected to drive contract expansion and customer value.
Management confident in continued innovation and growth as live commerce adoption increases.
- ARR stabilized, retention improved, and cost discipline drove a narrower EBITDA loss.BUSER
Q4 2025 - ARR and SaaS sales fell, but cost controls improved margins and cash flow.BUSER
Q3 2025 - Gross margin and cash flow improved despite ARR and SaaS sales declines, driven by cost savings.BUSER
Q2 2025 - ARR and SaaS sales fell, but EBITDA and cash flow improved on cost discipline and innovation.BUSER
Q3 2024 - ARR up 7% sequentially to SEK 105.2m as HERO boosts growth, with margin and cash burn improving.BUSER
Q2 2024 - ARR and SaaS sales fell, but gross margin and enterprise renewals signal strategic progress.BUSER
Q1 2025 - ARR and SaaS sales fell, but cash flow and margins improved amid strategic transformation.BUSER
Q4 2024
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