Comintelli (COMINT) Q3 2025 earnings summary

Executive summary

• Achieved stable growth in Q3 2025, highlighted by key customer renewals and a rebranding focused on AI-driven solutions.

• ARR at quarter-end was 31.6 MSEK, up 5.4% year-over-year.

• EBITA positive at +0.3 MSEK for Q3, but negative -2.7 MSEK for the nine-month period due to prior year’s one-time contract effects.

• Company is now debt-free and received AAA credit rating.

Financial highlights

• Q3 2025 revenue: 8.8 MSEK (down from 13.6 MSEK in Q3 2024, which included a major contract renewal).

• Nine-month revenue: 23.6 MSEK (down from 30.2 MSEK year-over-year).

• Q3 EBITA: +0.3 MSEK (down from +6.1 MSEK in Q3 2024, which was boosted by a large multi-year contract).

• Net result for Q3: +0.2 MSEK; for nine months: -3.4 MSEK.

• Cash flow for Q3: -3.0 MSEK; cash and bank at period end: 3.3 MSEK.

• SaaS share of ARR reached 97% at period end.

Outlook and guidance

• Focus on increasing new sales and upsell, especially for AI-driven Telli™ AI.

• Continued development of AI-integrated workflows and strategic partnerships.

• Emphasis on balancing growth with profitability, with AI as a core competitive advantage.