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Risk Intelligence (RISK) investor relations material

Risk Intelligence Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary20 Nov, 2025

Executive summary

  • Q3 2025 delivered positive EBITDA of DKK 758K, marking the third consecutive profitable quarter, with YTD EBITDA at DKK 1,042K, driven by 9% revenue growth and 3% cost reduction year-over-year.

  • Signed new clients in commercial maritime, energy, government defense, and land risk segments, with significant upsell to existing clients during renewals.

  • Terminated a major U.S. government client license agreement, impacting revenue, ARR, and churn.

  • Launched a partnership with NAVTOR, integrating Risk Intelligence into NavStation and launching a new product layer, expanding market reach.

  • Initiated development of a new commercial strategy to be launched in 2026.

Financial highlights

  • Recognized revenue in Q3 2025 increased by 9% to DKK 7,165K; YTD revenue up 12% to DKK 20,790K.

  • Gross profit (SaaS) rose 11% to DKK 6,682K in Q3 2025, with gross margin improving to 93.3%.

  • EBITDA for Q3 2025 was DKK 758K; YTD EBITDA reached DKK 1,042K, nearly DKK 3M higher than 2024.

  • Net loss for Q3 2025 was DKK -939K, an improvement from DKK -1,336K in Q3 2024.

  • Total costs decreased by 2% in Q3 and 3% YTD.

Outlook and guidance

  • 2025 guidance remains unchanged: System ARR expected at DKK 26.9M–30.4M (15–30% growth), positive EBITDA, and net result between DKK -3.2M and -4.2M.

  • ARR growth expected from new deals, upsell during Q4 renewals, partner sales, and known price increases in 2026.

  • Net cash flow is projected to be positive for the year.

  • No change in timing of profitability communicated; positive cash flow from operations before financial costs in Q3.

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Frequently asked questions

Risk Intelligence is a security risk intelligence provider delivering security threat and risk analysis to clients all over the world via the cloud-based platform, Risk Intelligence System, as well as consulting services. A large part of Risk Intelligence's clients is maritime, and these clients currently operate more than 15.7% of the global merchant fleet. With its headquarters in Hellerup (Copenhagen), Denmark, an office in Singapore, and locations in North America, the dedicated staff of Risk Intelligence works in all major time zones to support their clients' operations. Since 2018, the company has been listed on the Spotlight Stock Exchange in Stockholm. The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, energy, logistics and insurance. The digital solution is designed based on insights directly from clients and their needs as well as Risk Intelligence's experienced security risk analysts and developers' knowledge of intelligence and assessment needs.

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