Briox (BRIX) Q4 2025 earnings summary

Executive summary

• Achieved significant growth in customer base, reaching 24,196 at year-end, a 130% increase year-over-year, and over 210% growth since the CEO's appointment 535 days ago.

• Annual Recurring Revenue (ARR) rose 69% to 40.4 MSEK, while net sales increased 21% to 15,706 Tkr for the full year.

• EBITDA improved to -11,576 Tkr from -16,548 Tkr year-over-year, and net loss before tax narrowed to -25,875 Tkr from -28,163 Tkr.

• Strategic acquisition of eDeklarera and launch of new AI offerings, including Lerry and Briox Solo, expected to drive future growth.

Financial highlights

• Q4 net sales: 4,203 Tkr (up from 3,479 Tkr in Q4 2024); full-year net sales: 15,706 Tkr (up from 12,936 Tkr in 2024).

• Q4 EBITDA: -3,954 Tkr (improved from -6,054 Tkr); full-year EBITDA: -11,576 Tkr (improved from -16,548 Tkr).

• Q4 net loss before tax: -8,788 Tkr (vs. -8,982 Tkr); full-year net loss before tax: -25,875 Tkr (vs. -28,163 Tkr).

• Cash flow from operations: -12,406 Tkr for the year (improved from -16,618 Tkr).

• Equity at year-end: 103,584 Tkr (up from 36,719 Tkr); cash and equivalents: 31,547 Tkr (up from 15,647 Tkr).

Outlook and guidance

• Focus for 2026 on accelerating self-service and scalable growth without proportional staff increases.

• New AI-driven products (Lerry, eDeklarera, Briox Solo) expected to contribute significantly to revenue and ARR in 2026.

• Continued emphasis on rapid product development and AI-first approach to maintain competitive edge.