Briox (BRIX) Q1 2026 earnings summary

Executive summary

• Achieved record customer growth, ending Q1 2026 with 27,357 customers, up 146% year-over-year.

• Annual Recurring Revenue (ARR) reached 45.8 MSEK, a 91% increase compared to Q1 2025.

• Revenue for the quarter was 5,382 TKR, up 46% year-over-year.

• Strategic acquisition of Selma.ai expands offerings beyond financial management into AI-driven sales.

• Expansion into Malaysia and key product launches reinforce position as a leading AI company in finance.

Financial highlights

• Net revenue for Q1 2026 was 5,382 TKR, compared to 3,676 TKR in Q1 2025.

• EBITDA was -3,646 TKR, down from -2,586 TKR year-over-year.

• Operating income (EBIT) was -9,521 TKR, compared to -5,574 TKR in Q1 2025.

• Net loss before tax was -9,562 TKR, versus -5,538 TKR in Q1 2025.

• Earnings per share were -0.12 SEK, compared to -0.08 SEK in Q1 2025.

• Cash flow from operations was -5,385 TKR, including a 2.5 MSEK tax repayment; excluding this, -2,885 TKR.

• Equity at period end was 94,807 TKR, up from 43,229 TKR a year earlier.

Outlook and guidance

• Continued high growth expected across all offerings, with further product launches and international expansion planned.

• Focus on strengthening the team and accelerating organizational growth to meet ambitious targets.