)

Teneo AI (TENEO) investor relations material
Teneo AI Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved strong year-over-year growth in SaaS API call revenues (+81%) and volumes (+69%) for Q2 2025, with net sales up 15% and record gross margin of 88% compared to the same quarter last year.
SaaS ARR in constant currency rose 60% year-over-year, and total ARR in constant currency increased 21% year-over-year.
Net Revenue Retention (NRR) was 129% in Q2 2025, indicating strong expansion within existing accounts.
Record gross margin of 88%, up from 79% YoY, reflecting enhanced profitability.
Renewed agreements with major clients, including CGI, MedHelp, AT&T, Swisscom, and BPM, with BPM migrating to SaaS.
Financial highlights
SaaS API call revenues reached 12.7 MSEK (+81% YoY); SaaS API call volumes rose to 53.2 million (+69% YoY).
SaaS ARR at constant currency was 70.1 MSEK (+60% YoY); total ARR at constant currency was 89.7 MSEK (+21% YoY).
Net sales totaled 22.1 MSEK (+15% YoY); recurring revenues made up nearly 100% of net sales.
Adjusted EBITDA improved to -3.9 MSEK from -6.3 MSEK YoY.
Cash and bank position at June 30, 2025, was 41.1 MSEK; adjusted to 49.4 MSEK after Q3 collections.
Outlook and guidance
Pipeline nearly doubled quarter-over-quarter to 2 MEUR, with several large opportunities in late-stage negotiations.
Targeting ARR of $20,000,000 (200 MSEK) by Q1 2026, requiring three large or five midsize new customers.
Q3 and Q4 expected to be strong, with higher volumes already seen in July.
U.S. market push is fully resourced, with first deals expected in Q4.
Long-term EBITA margin target exceeding 30% in a mature state.
Next Teneo AI earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
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.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage