Checkin.com (CHECK) Q3 2025 earnings summary

Executive summary

• Net revenue for Q3 2025 declined 6% year-over-year to 17,436 KSEK, with a gross margin stable at 73% and EBITDA margin improving to 35% from 23% due to cost efficiencies.

• Nine-month net revenue fell 10% year-over-year to 54,365 KSEK, with gross margin at 71% and EBITDA margin at 21% versus 19% last year.

• Cost reductions in personnel, IT, and marketing drove improved profitability and cash flow focus.

• Strategic partnerships signed post-quarter, notably with Visma Group and SkyCity, expanding reach in Fintech and iGaming verticals.

Financial highlights

• Q3 2025 net revenue: 17,436 KSEK (-6% y/y); nine months: 54,365 KSEK (-10% y/y).

• Q3 gross profit: 12,691 KSEK (73% margin); nine months: 38,547 KSEK (71% margin).

• Q3 EBITDA: 6,044 KSEK (35% margin); nine months: 11,473 KSEK (21% margin).

• Q3 net result: -1,667 KSEK; nine months: -12,758 KSEK.

• Cash flow from operations Q3: 286 KSEK; nine months: 5,999 KSEK.

• Cash and equivalents at period end: 14,261 KSEK.

Outlook and guidance

• Management expects improved profitability and market position in Q4 2025, supported by new launches and partnerships.

• The previous financial target (revenue growth per share plus EBITDA margin >80%) was abandoned as of November 2025.

• The company remains focused on cost discipline and selective investment in high-growth areas.