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Vaxxa (VAXXA) investor relations material
Vaxxa Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved transition from strong growth to profitable growth, with positive operating results in Q2 2026.
Revenue increased by 57% year-over-year in Q2 2026, reaching 29.5 MSEK.
Operating cash flow was positive, and the balance sheet is nearly debt-free.
Continued investment in proprietary auction platform to strengthen offerings.
Financial highlights
Q2 2026 net revenue: 29.5 MSEK (18.8 MSEK Q2 2025); H1 2026: 47.4 MSEK (31.2 MSEK H1 2025).
Q2 2026 EBITDA: 641 KSEK (–951 KSEK Q2 2025); H1 2026 EBITDA: –463 KSEK (–989 KSEK H1 2025).
Q2 2026 operating income: 2 KSEK (–1,660 KSEK Q2 2025); H1 2026: –1,700 KSEK (–2,372 KSEK H1 2025).
Net income for Q2 2026: 2 KSEK (–1,600 KSEK Q2 2025); H1 2026: –1,694 KSEK (–2,282 KSEK H1 2025).
Cash and cash equivalents at June 30, 2026: 12.4 MSEK (8.1 MSEK June 30, 2025).
Outlook and guidance
On track for annualized revenue approaching 100 MSEK if current growth continues.
Focus remains on building a sustainably profitable business with continued high growth.
- Q1 2026 revenue surged 50% year-over-year, but losses widened amid higher personnel costs.VAXXA
Q1 202622 Apr 2026 - Strategic investments and one-off costs in 2025 set the stage for scalable growth in 2026.VAXXA
Q4 202524 Feb 2026 - Revenue up 14% YoY; platform complete; positive cash flow expected from Q4.VAXXA
Q3 202523 Oct 2025 - Insolvency segment up 30% over Q1, with short-term losses from expansion investments.VAXXA
Q2 202517 Jul 2025 - Q3 2024 net sales more than doubled year-over-year, with EBITDA turning positive.VAXXA
Q3 202413 Jun 2025 - Q2 2024 saw doubled revenue, positive earnings, and strong cash flow, with expansion ahead.VAXXA
Q2 202413 Jun 2025 - Handled bankruptcies surged eightfold and 4.6 MSEK was raised for growth initiatives.VAXXA
Q1 20256 Jun 2025 - Record revenue growth and first positive net result set stage for global expansion.VAXXA
Q4 20246 Jun 2025
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