Acroud (ACROUD) Q1 2026 earnings summary

Executive summary

• Revenue grew 18% year-over-year to EUR 11,553 thousand in Q1 2026, with adjusted EBITDA up 178% to EUR 1,243 thousand, reflecting improved operational efficiency and strategic investments made in 2025.

• Loss after tax narrowed significantly to EUR -373 thousand from EUR -3,256 thousand year-over-year, with adjusted loss after tax at EUR -487 thousand.

• Cash flow from operating activities turned positive at EUR 1,655 thousand, compared to negative EUR -1,131 thousand in Q1 2025.

• Net debt to adjusted EBITDA improved to 2.1x, and the equity ratio stood at 46%.

Financial highlights

• Revenue: EUR 11,553 thousand, up 18% year-over-year.

• Adjusted EBITDA: EUR 1,243 thousand, up 178% year-over-year and 70% sequentially.

• EBITDA margin: 11% (up from 2% in Q1 2025).

• Loss after tax: EUR -373 thousand (improved from EUR -3,256 thousand).

• Adjusted earnings per share: EUR -0.0004 (improved from EUR -0.001).

• New Depositing Customers (NDCs): 50,303, down 31% year-over-year.

Outlook and guidance

• Focus remains on organic growth and capital structure optimization over the next three years, with no dividends planned.

• Management expresses confidence in the strategic direction, citing a healthier balance sheet and improved profitability.