ATOSS Software (AOF) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 12% to €155.8m; EBIT margin increased to 37% from 35%, supporting higher FY26 margin guidance of ~37%.

• Cloud and subscriptions led growth, with 9M revenue up 26% and ARR up 25% to €119.4m.

Financial highlights

• 9M revenue was €155.8m (+12%); EBITDA was €60.9m (+18%), EBIT €57.3m (+19%), and net profit €39.0m (+14%).

• Q3 revenue was €52.6m versus €47.2m in Q3 2025; EBIT was €21.1m versus €17.2m, and net profit was €14.4m versus €12.3m.

• 9M EPS increased 14% to €2.45; Q3 EPS was €0.91 versus €0.77 in Q3 2025.

• 9M operating cash flow rose 53% to €75.7m; liquidity increased 26% YoY to €158.9m.

Outlook and guidance

• FY26 revenue guidance remains €210m–€215m, with revenue expected toward the lower end of the range.

• FY26 EBIT margin guidance was raised to ~37% from at least 34%; recurring revenue is tracking toward the upper end of expectations.

• 2026–27 targets include 12%–14% total revenue CAGR, 14%–16% software revenue CAGR, and a recurring revenue share of ~75% by year-end 2027.

• 2027 EBIT margin is targeted at ≥35%; 2030 revenue ambition is ~€400m with EBIT margin >35%.

• 2027 revenue is expected toward the lower end of the previously communicated range, with lower perpetual-license and consulting revenue; EBIT margin is expected near 36%–37%.