BIMobject (BIM) Q2 2026 earnings summary

Executive summary

• Achieved 11% year-over-year ARR growth and 10% revenue growth, or 14% adjusted for currency, with recurring revenue representing 87% of total sales.

• Underwent a major restructuring into two business areas: Design Enablement and Data Solutions, reducing workforce by 16% and aiming for increased efficiency and profitability.

• Continued investment in new products, especially AI-powered solutions, to drive future growth.

• The reorganization is expected to lower annual operating costs by MSEK 25 from Q3 2026.

Financial highlights

• Net sales reached SEK 42.6 million, up from SEK 41.0 million year-over-year; recurring revenue grew 10% year-over-year, or 14% adjusted for currency.

• EBITDA was SEK -21.7 million, including SEK 11.7 million in restructuring costs; adjusted EBITDA was SEK -10.0 million, improved from SEK -17.8 million last year.

• EBIT was SEK -25.7 million, compared to SEK -23.1 million last year.

• Ended the quarter with SEK 147 million in cash, bolstered by SEK 8.6 million from employee stock conversions and subscription warrants.

• Earnings per share: SEK -0.16 (-0.16); cash flow from operating activities: SEK -12.1 million.

Outlook and guidance

• Focus remains on product development, especially the AI-powered Prodikt, with live customer testing imminent.

• Full impact of cost reductions from reorganization expected from Q3 2026.

• Strategic focus on profitable growth in Design Enablement and milestone-driven investment in Data Solutions.

• Further cost base reductions expected as restructuring effects are fully realized.

• Plans to introduce more operational KPIs and clearer business area reporting for improved transparency.