ChargePanel (CHARGE) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 reached 4,688 KSEK, up 109% year-over-year, driven by new customers and price increases in the existing portfolio.

• Recurring revenues increased by 72% compared to Q1 2025.

• Net result improved to -1,480 KSEK from -2,997 KSEK, a 51% year-over-year improvement.

• Operational cost reductions and automation initiatives were implemented during the quarter.

• The platform surpassed 100,000 registered EV drivers in April 2026, doubling since March 2025.

Financial highlights

• EBIT for Q1 2026 was -1,274 KSEK, a 54% improvement from -2,791 KSEK in Q1 2025.

• Gross margin increased by 82% to 2,323 KSEK year-over-year.

• Cash and cash equivalents at period end were 3,384 KSEK, down from 7,630 KSEK a year earlier.

• Cash flow from operating activities was -2,890 KSEK, improved from -3,972 KSEK in Q1 2025.

• Equity at period end was 5,612 KSEK, with a solidity of 35%.

Outlook and guidance

• Strong growth in EV adoption and supportive government incentives are expected to drive future revenue.

• The company anticipates continued positive development in both operational performance and macroeconomic factors.