Comintelli (COMINT) Q4 2025 earnings summary

Executive summary

• 2025 was a year of strategic transformation, focusing on AI integration and SaaS transition, but financial results were negatively impacted by non-recurring items and customer churn.

• Revenue and profitability declined year-over-year, with a significant drop in EBITA and net income due to fewer contract renewals and the absence of last year’s large multi-year deal.

• The company completed its SaaS migration, achieved ISO 27001 certification, and maintained a strong financial position with no interest-bearing debt and 60% equity ratio.

Financial highlights

• Full-year net revenue was 30.4 MSEK, down from 39.2 MSEK year-over-year; Q4 revenue was 7.1 MSEK, down from 10.1 MSEK.

• EBITA for 2025 was -4.3 MSEK, compared to +8.9 MSEK in 2024; Q4 EBITA was -1.6 MSEK versus +3.5 MSEK.

• Net income for the year was -5.2 MSEK, down from +6.7 MSEK in 2024.

• Cash and bank at year-end stood at 3.4 MSEK; cash flow for the year was -0.4 MSEK.

• Earnings per share after tax was -0.52 SEK (0.75 SEK in 2024).

• ARR at year-end was 30.7 MSEK, a decrease of 4.8% year-over-year.

Outlook and guidance

• Focus for 2026 is on new sales, customer retention, scaling AI solutions, and expanding partner-driven growth.

• Several major contracts are up for renewal in the coming quarters.