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XMReality (XMR) investor relations material
XMReality Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Achieved record-high EBITDA and positive cash flow on a rolling 12-month basis for all months in the quarter, establishing long-term operational stability and a platform for future growth.
Recurring revenues for the quarter significantly exceeded operating costs, supporting continued positive cash flow targets.
Strong increase in service usage: up 60% year-over-year and 25% sequentially from Q2 2025.
New customer acquisitions continued, including a notable agreement with KOR, an Australian industrial equipment distributor.
Financial highlights
Annual Recurring Revenue (ARR) at quarter-end: 14,624 TSEK, down 309 TSEK from previous quarter, mainly due to a lost US contract and currency effects.
Quarterly EBITDA: 1,121 TSEK (vs. -1,969 TSEK same quarter last year).
Net sales for Q3: 3,727 TSEK (vs. 4,153 TSEK Q3 2024); for Jan–Sep: 11,604 TSEK (vs. 12,949 TSEK Jan–Sep 2024).
Operating costs (excl. interest, depreciation): -3,306 TSEK (vs. -7,373 TSEK Q3 2024).
Cash flow for the quarter: -2,853 TSEK (vs. -1,111 TSEK Q3 2024); cash at period end: 269 TSEK.
Gross margin remained high at 98% (vs. 97% Q3 2024).
Outlook and guidance
Confident in maintaining positive cash flow despite a major contract loss post-quarter, due to strong margin between recurring revenue and costs.
Focus remains on increasing usage among new and existing customers and targeted marketing in specific verticals.
How does usage growth align with ARR decline?
Strategy to reverse ARR trend post-churn
New cost level impact on growth investments
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Frequently asked questions
XMReality develops and sells solutions for knowledge sharing through augmented reality (AR). XMReality’s products provide companies with new opportunities to train, sell, and visualize their information and data. We provide companies with a completely new way of working by leveraging the existing skills of their own employees. Four differentiating factors have paved the way for XMReality to quickly gain market recognition: the company’s focus on knowledge sharing which breaks the boundaries between schools, trade shows and corporate training sessions; its focus on the target group, representing a key group within any business organization; the intuitive use and focus on usability; and collaboration with an established global partner during development.
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