Agillic (AGILC) Q1 2026 earnings summary

Executive summary

• Q1 2026 saw ARR subscriptions rise 6% year-over-year to DKK 57.5m, while total revenue declined 3% to DKK 14.1m, driven by new client inflow and reduced churn.

• EBITDA surged 213% year-over-year to DKK 2.5m, reflecting improved operational efficiency and cost reductions.

• Cash flow from operations increased to DKK 4.5m, up DKK 2.6m year-over-year, reflecting improved results and optimized working capital.

• Strategic focus remains on profitable growth, client retention, and AI-driven innovation.

Financial highlights

• ARR subscriptions reached DKK 57.5m in Q1 2026, up from DKK 54.2m in Q1 2025.

• EBITDA improved to DKK 2.5m in Q1 2026 from DKK 0.8m in Q1 2025.

• Subscription revenue rose 4% YoY to DKK 13.1m, while total revenue declined 3% YoY due to a 51% drop in transaction revenue.

• Gross profit increased 2% YoY to DKK 12.2m, with gross margin improving to 86% from 82% YoY.

• Free cash flow was DKK -2.5m in Q1 2026, an improvement from DKK -3.0m in Q1 2025.

Outlook and guidance

• 2026 guidance targets 5-10% growth in ARR subscriptions, 12-18% EBITDA margin, and positive free cash flow.

• Guidance remains unchanged since February 2026.

• Full-year ARR growth expected to accelerate due to a strong pipeline and go-to-market initiatives.