Aira (AIRA) Q2 2026 earnings summary

Executive summary

• Completed carve-out/spin-off from Upsales, established as an independent company, and listed on Nasdaq First North on June 3, 2026.

• Launched Aira Platform (April 15) and Aira Connect (mid-June), marking the transition from development to commercial operations.

• First quarter of commercial activity, with initial revenues and customer contracts secured.

Financial highlights

• Net sales for the quarter were SEK 456,000 (0.5 MSEK), with ARR at SEK 1,767,000 (1.8 MSEK) by period end.

• Total operating income reached SEK 1.7 million, including SEK 1.2 million in capitalised development costs.

• EBITDA was SEK -4.6 million; operating profit (EBIT) SEK -4.9 million; net income SEK -3.9 million (including SEK 1.0 million deferred tax credit).

• Operating cash flow was SEK -4.1 million; cash position at period end was SEK 14.3 million; no interest-bearing debt.

• Total equity stood at SEK 22.6 million and total assets at SEK 24.1 million.

Outlook and guidance

• Sufficient cash position to reach profitability based on current cost base and emerging commercial traction.

• Targeting EUR 10 million in ARR within three years.

• Monthly cost base expected to be SEK 1.0 million going forward, significantly lower due to one-off costs in Q2.

• Focus on converting early Aira Connect interest into paying customers and building partner channels, especially via HubSpot.

• Plans to scale into a high-growth AI company, leveraging customer outcomes and potential consolidation in the European AI sales-tooling market.