CodeMill (CDMIL) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 10% YoY and ARR increased 14%; EBITDA margin strengthened to 32%, with net income of 2,252 KSEK.

• For 9M, revenue declined 5% YoY while ARR rose 14%; EBIT, EBITDA and net income all improved from the prior-year period.

Financial highlights

• Q3 revenue was 16,657 KSEK vs 15,185 KSEK; growth was 9% at constant exchange rates.

• 9M revenue was 49,181 KSEK vs 51,501 KSEK, down 5%; growth was -4% at constant exchange rates.

• Q3 EBIT was 2,242 KSEK vs 513 KSEK; net income was 2,252 KSEK vs 508 KSEK.

• 9M EBIT was 4,696 KSEK vs 285 KSEK; net income was 4,775 KSEK vs 283 KSEK.

• 9M operating cash flow increased to 12,947 KSEK from 10,151 KSEK; period cash flow was 5,127 KSEK vs -5,424 KSEK.

Outlook and guidance

• Management described the strategic shift toward recurring product revenue as progressing; the modular offer supports customer-built solutions via APIs/SDKs or full-service deployments.

• AI and agentic solutions for Media Supply Chain workflows are a development focus, building on the QC Assistant launch and media-industry expertise.