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Voi Technology
Voi Technology (VOI) investor relations material
Voi Technology has been private
Voi Technology Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
Achieved record user growth and revenue, with over 100 million rides in 2025 and strong expansion in key European cities, notably Paris and London.
Investments in fleet expansion, especially e-bikes, and infrastructure such as a new warehouse in Poland supported growth and operational efficiency.
Financial highlights
Q4 net revenue rose 45% year-over-year to EUR 47.5 million; full-year net revenue up 34% to EUR 178.2 million.
Q4 vehicle profit increased 37% to EUR 25.2 million, but margin declined to 53.0%; full-year vehicle profit up 35% to EUR 102.4 million, margin stable at 57.5%.
Adjusted EBITDA for Q4 up 26% to EUR 5.2 million; full-year Adjusted EBITDA up 70% to EUR 29.3 million, margin improved to 16.4%.
Adjusted EBIT for the year increased to EUR 3.2 million; EBIT decreased to EUR -7.6 million due to higher adjustments, mainly employee incentive costs.
Cash flow from operating activities nearly doubled to EUR 24.2 million for the year.
Outlook and guidance
Continued investment in multi-modal fleet and selective expansion planned for H1 2026.
Focus remains on operational efficiency and increasing cash flow generation.
Future margin impact from current investment strategy?
What are the implications of increased NIBD?
Assess the long-term impact of e-bike fleet scaling
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Next Voi Technology earnings date
Q1 202627 Apr, 2026
Voi Technology
Next Voi Technology earnings date
Q1 202627 Apr, 2026
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Frequently asked questions
Voi Technology is a Sweden-based micromobility company that provides electric scooter and e-bike sharing services. The company operates a platform that allows users to rent e-scooters and e-bikes for short trips via a mobile app, aiming to offer sustainable urban transportation alternatives. Voi partners with city authorities to integrate its services into public transit systems and promotes safety and environmental responsibility. The company operates in multiple European cities. Voi Technology is headquartered in Stockholm, Sweden.
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