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Running on Clouds: The Story of On
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q beyond (QBY) investor relations material
q beyond Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Returned to profitability in Q3 2025, with EBITDA up 36% year-over-year to €3.0 million and net income improving by €1.4 million to €0.5 million, driven by the 2025plus Strategy and a tax windfall from the Plusnet transaction.
Free cash flow rose to €1.7 million from €1.0 million in Q3 2024, and net liquidity reached €41.3 million (€0.33 per share).
Focused on profitability over growth, leveraging sector expertise and high-margin business in a stagnant economic environment.
69% of revenues are recurring, with focus sectors accounting for 70% of Q3 revenues.
Financial highlights
Q3 2025 revenues were €43.6 million, down from €47.0 million year-over-year; nine-month revenues totaled €134.4 million.
EBITDA for the nine-month period was €8.1 million, up from €6.4 million year-over-year.
Gross profit for Q3 was €7.3 million (vs. €7.6 million in Q3 2024), with a gross margin increase to 17%.
Consolidated net income for Q3 was €0.5 million, reversing a €0.9 million loss in Q3 2024.
Net liquidity as of 30 September 2025 was €41.3 million, with no bank liabilities.
Outlook and guidance
Full-year 2025 guidance confirmed, with revenues expected at the lower end of €184–190 million and EBITDA at €12–15 million.
Positive consolidated net income and free cash flow anticipated for the full year 2025.
Strong Q4 anticipated, driven by seasonality, project completions, and license deals, especially in SAP.
Medium-term target remains a double-digit EBITDA margin, aiming for at least 10% by 2028.
Managed Services revenue decline: strategic impact
Impact of tax audit income on Q3 profitability?
How do AI and nearshoring support 2025plus strategy?
Quantify AI investment's expected revenue contribution
Capital allocation strategy for EUR 41.3M liquidity
Strategy to achieve 3-5% growth amid weak economy
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Frequently asked questions
q.beyond AG is a Germany-based IT service provider specializing in cloud computing, SAP services, and IoT solutions for small and medium-sized enterprises (SMEs). The company offers tailored IT outsourcing, software development, and digital transformation services, focusing on enabling businesses to enhance operational efficiency and agility. Its portfolio includes managed cloud solutions, SAP consulting and operations, and secure IT infrastructures. The company is headquartered in Cologne, Germany, and its shares are listed on the XETRA.
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