)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Brockhaus Technologies (BKHT) investor relations material
Brockhaus Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Revenue for the first nine months of 2025 reached €181.6 million, up 3.6% year-over-year, mainly driven by increased bike resales at BikeLeasing and platform expansion, despite a challenging economic environment.
Adjusted EBITDA declined by 28.4% to €48.7 million, and adjusted EBIT fell by 33%, mainly due to increased investments in BikeLeasing's transformation and higher personnel and operating expenses.
BikeLeasing is transforming into a multi-benefit platform and expanded internationally with a minority stake in US-based Ridepanda.
Security Technologies (IHSE) revenue declined 12% to €21.3 million, but gross profit margin rose due to a stronger defense business, which now accounts for 45% of IHSE revenue.
Profit for the period dropped sharply to €0.7 million from €13.1 million in 9M 2024.
Financial highlights
Group gross profit margin was 64.1%, down from 68.2% in 9M 2024.
Adjusted EBITDA margin dropped to 26.8% from 38.8% in the prior year; adjusted EBIT margin fell to 23.9% from 36.6%.
Free cash flow before taxes was €17.5 million, below the prior year due to lower operating income and increased refinancing backlog.
Net debt stood at €45.0 million, with a leverage ratio of 0.99x adjusted EBITDA, well below the 2.5x internal limit.
Cash and cash equivalents at period end: €37.8 million, down from €48.4 million at year-end 2024.
Outlook and guidance
Full-year 2025 revenue expected between €225 million and €235 million, representing 10%-15% organic growth.
Adjusted EBITDA guidance for 2025 is €50–55 million, reflecting higher personnel and operating expenses for strategic growth initiatives.
Management expects to reach cash compounding mode in 2026, supported by regular distributions and loan repayments.
Impact of rising personnel & operating costs
HR segment revenue growth drivers
Bikeleasing refinancing backlog impact
What drives Bikeleasing's core OpEx increase?
IHSE non-defense revenue decline drivers?
Plans to unlock subsidiary value for shareholders?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Brockhaus Technologies earnings date
Q4 202526 Mar, 2026
Next Brockhaus Technologies earnings date
Q4 202526 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Brockhaus Technologies AG is a technology-focused investment company that acquires and develops high-growth businesses in the fields of security, software, and industrial technology. The company focuses on scalable, innovative solutions that serve industries such as cybersecurity, digital infrastructure, automation, and engineering. The company is headquartered in Frankfurt, Germany, and its shares are listed on the XETRA.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage