Q4 2025 net sales grew 12.6% to EUR 77.1 million, with IAR acquisition contributing EUR 8.1 million; full-year net sales reached EUR 216.3 million, up 6.6% at comparable currencies and 3.5% year-over-year, with organic growth at 2.6%.
Distribution license revenue surged 26.4%, driven by automotive, medical, and industrial manufacturing sectors.
Profitability declined due to one-off IAR acquisition costs and higher personnel expenses, with Q4 EBITDA/EBITA margin at 35.6% (EUR 27.5 million) and full-year margin at 24.0%.
Headcount increased to 1,136 at year-end, including 215 IAR employees.
Challenging global economic conditions led to cautious customer purchasing behavior.
Q4 EBITA/EBITDA was EUR 27.5 million (35.6% margin); full-year EBITA was EUR 51.8 million (24.0% margin), down 27.2% year-over-year.
Q4 EPS was EUR 0.73; full-year EPS was EUR 1.25, both down significantly year-over-year.
ARR (excluding IAR and distribution licenses) grew 8.3% year-over-year to EUR 127.1 million.
Personnel expenses rose 13.3% year-over-year, mainly due to IAR acquisition.
Ending cash balance was EUR 40.1 million; interest-bearing debt increased to EUR 143.2 million, mainly from IAR financing.
2026 guidance: net sales to increase at least 10% year-over-year at comparable exchange rates, with operating profit margin (EBITA %) at least 15%.
IAR revenue expected to decline by low double digits in 2026 due to SaaS transition, with rebound expected in 2027.
No decline expected in legacy Qt business for 2026.
Distribution license revenue expected to be flat or slightly down in 2026 due to market volatility.
Continued investment in R&D and AI-related product development, with efficiency improvements targeted post-acquisition.
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Explore our global coverage