Briox (BRIX) Q3 2026 earnings summary

Executive summary

• Q3 ARR reached SEK 63.1m, up 116% YoY; contracted customers rose 125% to 33,074. Net sales increased 120% to SEK 8.824m.

• Growth spanned the offerings and recurring subscriptions; expansion continued into Norway through local partners.

Financial highlights

• Q3 net sales were SEK 8.824m (4.013m); EBITDA was -SEK 3.447m (-1.885m), operating result -SEK 11.466m (-5.332m), and net result -SEK 11.074m (-5.322m).

• Q3 pretax loss was SEK 11.498m (5.342m); EPS was -SEK 0.14 (-0.07).

• 9M net sales were SEK 21.197m (11.503m); EBITDA was -SEK 12.675m (-7.621m), operating result -SEK 34.289m (-17.087m), and net result -SEK 33.587m (-17.037m).

• 9M pretax loss was SEK 34.660m (17.058m); EPS was -SEK 0.43 (-0.25).

Outlook and guidance

• Broader commercial launch of Lennart is planned for Q4 2026; the service is currently offered selectively to a limited customer group.

• Q4 plans include Bobby orchestration within Briox Classic and further Lerry development, including payroll capabilities.

• Management expects monthly positive cash flow at some point in 2027; July’s positive operating cash flow reflected strong sales and timing of annual advance billings.

• Briox 100 targets 100,000 customers, 100% customer satisfaction and 100% employee engagement; the long-term target is 500,000 customers by 2030.