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Star Vault (STVA) investor relations material
Star Vault Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q1 2026 were SEK 1,758,818, down from SEK 2,532,559 year-over-year.
Result after financial items was SEK -1,052,041, compared to SEK -513,166 in Q1 2025.
Major technical upgrades and AI integration aimed at efficiency and scalability were implemented.
Preparations for a major expansion (Sarducaa) targeting the North American market are underway.
Commercialization of proprietary network technology (Raxor Mesh) for external studios initiated.
Financial highlights
Operating income for Q1 2026 was SEK -1,052,104, compared to SEK -513,178 in Q1 2025.
Cash flow for the period was SEK -436,834, versus SEK -148,579 in Q1 2025.
Cash and cash equivalents at March 31, 2026, were SEK 2,435,580, down from SEK 3,959,563 a year earlier.
Equity at period end was SEK 14,031,768, compared to SEK 15,381,222 at March 31, 2025.
Capitalized development costs for the quarter were SEK 1,138,000, up from SEK 1,007,000 in Q1 2025.
Outlook and guidance
The board expects existing cash and projected market development to cover liquidity needs for the next 12 months.
Sarducaa expansion is expected to drive growth by attracting new and returning players in North America.
Raxor Mesh commercialization is seen as a potential new revenue stream.
- Sales fell and losses deepened, but strategic AI and market expansion efforts advanced.STVA
Q4 202516 Feb 2026 - Profitability improved in Q3 despite lower sales, driven by AI investments and product expansion.STVA
Q3 202517 Nov 2025 - Improved results, strong equity, and major product updates set the stage for future growth.STVA
Q2 202518 Aug 2025 - Revenue doubled and losses narrowed, with strong cash flow and player growth momentum.STVA
Q3 202413 Jun 2025 - Sales and player growth accelerated, with losses reduced and cash flow turning positive.STVA
Q2 202413 Jun 2025 - Net loss halved and sales grew, with major expansion and tech launches set for summer.STVA
Q1 20256 Jun 2025 - Net sales up 60% and losses sharply reduced, with major Mortal Online 2 expansion ahead.STVA
Q4 20246 Jun 2025
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