Modera (MODE) H1 2025 earnings summary

Executive summary

• SaaS revenue grew 19% year-over-year, marking the highest half-year revenue in company history; MRR increased 14% year-over-year.

• Operating profit reached €198,982, a significant turnaround from a €120,497 loss in the same period last year.

• 160,000 cars sold via the platform, with transaction value totaling €7 billion.

Financial highlights

• Revenue for H1 2025: €1,329,898, up 19% year-over-year; license and setup revenue up 24%.

• EBITDA increased 54% to €714,711 compared to H1 2024.

• Net profit for H1 2025: €121,604, compared to a €120,327 loss in H1 2024.

• Cash at period end: €1,033,033, down from €1,206,730 at year-end 2024.

• Operating cash flow positive at €713,360 for H1 2025.

Outlook and guidance

• Expansion in Norway and the Middle East is expected to drive further growth; ongoing negotiations with five dealerships in the Middle East.

• Strategic focus on direct contracts with OEMs and scaling in major European markets.

• Product development investments are validated by strong market interest in new BI and AI solutions.

• The company aims to increase recurring revenue and deepen client relationships through value-added solutions.