Smart Eye
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Smart Eye (SEYE) investor relations material

Smart Eye 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 summary17 Feb, 2026

Executive summary

  • Net sales for Q4 2025 reached SEK 122.3 million, up 22% year-over-year, with organic growth at 26%.

  • Full-year net sales were SEK 403.7 million, a 14% increase, with organic growth of 21%.

  • Automotive segment drove growth, with license revenues and AIS hardware sales rising sharply.

  • EBITDA turned positive for both Q4 (SEK 10.2 million) and full year (SEK 4.9 million), reflecting improved cost control and sales mix.

  • Two new design wins in Q4 and two more with alcohol impairment detection after year-end, plus acquisition agreement for Sightic Analytics.

Financial highlights

  • Q4 gross profit was SEK 101.5 million (83% margin), down from 90% margin last year due to product mix.

  • Full-year gross profit reached SEK 350.6 million (87% margin).

  • Q4 operating loss improved to SEK -31.6 million from SEK -63.1 million; full-year operating loss improved to SEK -163.5 million from SEK -250.3 million.

  • Result after tax for Q4 was SEK -49.5 million; full year SEK -172.8 million.

  • Cash and cash equivalents at year-end were SEK 134.8 million; total available cash including credit facilities was SEK 166.4 million.

Outlook and guidance

  • Strong sales momentum expected in 2026, driven by EU DMS regulation and robust design win pipeline.

  • EBITDA and free cash flow expected to improve further, with positive free cash flow targeted.

  • Market volatility and geopolitical risks anticipated to persist in 2026.

Sustain positive FCF beyond 2026
Intoxication feature's market impact
EU regulation's impact on 2026 Automotive growth
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Frequently asked questions

Smart Eye AB develops eye-tracking artificial intelligence technology solutions that understands, supports, and predicts human intentions and actions in Sweden and internationally. The company offers Smart Eye Guard, an eye tracking software solution based on Artificial Intelligence technology that predicts the driver's attention state or gaze direction to detect distraction, gaze direction, and sleepy drivers; Smart Eye Drive Pro, a product provides eye tracking technology to the automotive industry. Smart Eye AB was incorporated in 1999 and is headquartered in Gothenburg, Sweden.

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