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Pexip
Pexip (PEXIP) investor relations material
Pexip Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Annual recurring revenue (ARR) grew 16% year-over-year to USD 131 million, with Secure and Custom up 25% and Connected Spaces up 10%.
Q4 2025 EBITDA was NOK 94.2 million, with a full-year EBITDA of NOK 316 million, a 53% year-over-year increase.
Free cash flow for Q4 was NOK 71.9 million, and NOK 354 million for the year, up 80% year-over-year.
Major wins in government, defense, healthcare, and technology sectors, including a Spanish municipality, Central European state IT provider, and a Southeast Asian Ministry of Defense.
Launched Connect for Google Meet, enabling Google Meet hardware to join Teams meetings, resulting in nearly $1 million in new ARR and 7,000 rooms closed in Q4.
Financial highlights
Full-year 2025 revenue increased 10% to NOK 1,228 million, with a 26% EBITDA margin and gross margin at 92%.
EBIT margin crossed 20% for the first time, ending at 21%.
Costs were slightly down year-over-year, with non-share-based salary expenses down NOK 11 million.
Share-based compensation increased by NOK 9 million due to share price appreciation.
Profit after tax for Q4 was NOK 102.2 million; full-year profit after tax was NOK 248.3 million.
Outlook and guidance
Q1 2026 ARR expected in the range of USD 133–136 million, reflecting continued positive trends.
Ambition to consistently deliver above Rule of 40 performance (ARR growth + EBITDA margin) and double-digit ARR growth.
Dividend of NOK 4.0 per share recommended for FY 2025, up from NOK 2.5 last year, including an extraordinary dividend.
Financial reporting to be consolidated in US dollars from Q1 2026.
Market for enterprise-grade video communication expected to grow, with focus on security and hybrid work.
Explain NRR disparity by product segment
Reconcile dividend payout vs. 2025 FCF
Quantify Q4 revenue impact from FX, delivery
Detail Pexip's strategy for sovereign IT growth
Discuss the implications of USD reporting change
Describe Pexip's Private AI differentiation
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Next Pexip earnings date
Q1 20265 May, 2026
Pexip
Next Pexip earnings date
Q1 20265 May, 2026
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Frequently asked questions
Pexip Holding ASA, a technology company that delivers a video-first meeting platform. Its platform simplifies video communication across borders, businesses, and platforms, enabling everyone to be seen, heard, and included. The company offers self-hosted and as-a-service deployment options for enterprise video conferencing built on the Pexip Infinity technology; and provides interoperability, including Microsoft Teams, Skype for Business, Google Hangouts Gateway interop, video system device registration in CxPIP.com; etc.
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