)
Edge14 Nov 2025
Ball: The King of Cans
From a 19th-century glass-jar legacy to a global plant network, Ball is now a pure-play aluminum can partner to the world's biggest beverage brands.
F-Secure (FSC1V) investor relations material
F-Secure Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Q3 2025 achieved 1.3% currency-neutral revenue growth, but reported revenue was flat or slightly down due to FX headwinds and weak direct channel performance.
Significant progress in AI-powered transformation, with launches of Horizon and Halo platforms and continued investment in AI tools.
Strong Tier 1 partner activity, with new and expanded agreements in Asia, the U.S., and the Nordics, especially in scam protection.
Scam protection technology won industry awards and expanded to cover instant messaging and deepfake scams.
Strategic focus on innovation, operational excellence, and commercial performance, with transformation toward AI-native solutions.
Financial highlights
Q3 2025 revenue: EUR 36.1 million (-0.8% YoY); 9M 2025 revenue: EUR 110.0 million (+0.8% YoY, currency-neutral +1.2%).
Embedded Services revenue grew 10.3% to EUR 6.0 million, mainly driven by Japan and the U.S.
Security Suite revenue declined 1.9% to EUR 23.5 million; direct channel revenue fell 5.9% to EUR 6.6 million.
Gross margin at 83.9%, down from previous periods due to higher embedded mix and lower vendor volumes.
Adjusted EBITDA/EBITA margin at 37% in Q3, 34.8% YTD; operating cash flow Q3: EUR 11.6 million; cash conversion 78%.
Outlook and guidance
Maintains guidance for low single-digit currency-neutral growth and adjusted EBITA/EBITDA margin of 32%-35% for 2025.
Growth to be driven by partner and embedded services, with direct business expected to decline.
Medium-term targets: high single-digit CAGR, EBITA margin near 40% at EUR 200 million revenue, leverage below 2.5x.
Direct channel strategy: revenue vs. users?
Tier 1 deals: gross margin impact?
AI products: growth acceleration driver?
What new AI-powered products are being launched?
Why is overall growth slower despite embedded success?
F-Secure's competitive edge in scam protection
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next F-Secure earnings date
Q4 20255 Feb, 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
F-Secure Corporation is a global cyber security and privacy company. The Company operates through two segments: Home Solutions and Enterprise Solutions. The Home Solutions segment offers home security solutions to consumers over the Internet, via retailers and broadband service providers. The Enterprise Solutions segment includes enterprise cyber security solutions and related services for organizations and telecommunications operator networks.
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