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QBNK (QBNK) investor relations material

QBNK Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary23 Feb, 2026

Executive summary

  • Achieved full-year revenue of 41.4 MSEK, up 3% year-over-year, with EBIT of 0.2 MSEK, marking a return to profitability after prior losses.

  • Adjusted EBIT for the year was 1.3 MSEK, excluding 1.1 MSEK in one-time strategic review and restructuring costs.

  • Annual Recurring Revenue (ARR) ended at 36.6 MSEK, showing underlying growth despite a dip from a major customer change.

  • Strategic focus shifted to enterprise (A) customers, now representing 75% of ARR, improving long-term stability.

  • New CEO Jörgen Karlsson appointed, succeeding interim CEO Jacob Philipson.

Financial highlights

  • Full-year EBITDA was 0.6 MSEK, up from -1.3 MSEK year-over-year.

  • Q4 revenue was flat at 10.0 MSEK; Q4 EBIT was -1.1 MSEK, impacted by 0.5 MSEK in restructuring costs.

  • Cash flow from operations for the year was -4.8 MSEK, down from 13.1 MSEK the previous year.

  • Cash and cash equivalents at year-end were 16.8 MSEK, down from 21.5 MSEK.

  • Equity ratio remained stable at 14% year-over-year.

Outlook and guidance

  • Entering 2026 with a solid core business and focus on enterprise customers.

  • Launch of new QPortal product expected to drive future growth.

  • Anticipates continued stability and growth in ARR from prioritized customer segments.

Reconcile strong cash position vs negative FCF
How will A-customer focus drive future ARR growth?
Outline QPortal and AI's role in future growth
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Frequently asked questions

QBNK Holding AB is a Swedish technology company specializing in digital asset management (DAM) solutions. The company offers software platforms that enable businesses to efficiently organize, store, and manage digital content, such as images, videos, documents, and other media assets. QBNK's solutions are designed to improve collaboration and streamline workflows by providing a centralized, accessible repository for digital assets. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq First North Growth Market.

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