BrightBid Group (BRIGHT) Q1 2026 earnings summary

Executive summary

• Strategic focus on organizational strengthening and product innovation to support the next growth phase.

• Launch of a redesigned user interface aimed at improving usability and scalability for customers.

• Increased customer inflow and improved operational structure, though financial results remain below targets.

Financial highlights

• Net revenue for Q1 2026 was 8,926 tkr, down 19.9% year-over-year due to lower recurring revenues.

• Annual Recurring Revenue (ARR) decreased by 34% to 26,368 tkr compared to Q1 2025.

• EBITDA improved to -2,507 tkr from -5,398 tkr in Q1 2025, reflecting cost synergies and savings.

• Earnings per share were -0.06 kr, up from -0.29 kr in Q1 2025.

• Cash flow from operating activities improved to -3,458 tkr from -5,576 tkr year-over-year.

• Cash and cash equivalents at period end were 6,468 tkr.

Outlook and guidance

• Positive pipeline development and increased activity from larger international brands.

• Continued focus on disciplined execution, operational optimization, and converting pipeline to sustainable growth.