Digital Workforce Services (DWF) Q1 2026 earnings summary

Executive summary

• Achieved 45% year-over-year revenue growth in Q1 2026, driven by strong performance in healthcare and enterprise sectors.

• Professional services revenue grew 55% and continuous services revenue increased 38% compared to Q1 2025.

• Profitability improved with adjusted EBITDA at 7% of revenue, and operating loss narrowed significantly.

• Strategic partnership formed with Davies to expand agentic AI solutions in regulated industries.

• New operating model introduced with two global business areas: Healthcare and Enterprise & Public.

Financial highlights

• Q1 2026 revenue was EUR 7.6 million, up from EUR 5.3 million in Q1 2025.

• Adjusted EBITDA reached EUR 0.5 million (7% of revenue), compared to EUR -0.3 million in Q1 2025.

• Operating profit (EBIT) improved to EUR -0.1 million from EUR -1.3 million year-over-year.

• Earnings per share (EPS) was EUR -0.02, up from EUR -0.12 in Q1 2025.

• Cash and liquid assets at period end were EUR 7.6 million.

Outlook and guidance

• Full-year 2026 revenue expected to grow by 15% or more from 2025.

• Adjusted EBITDA margin forecasted at 7-13% of revenue for 2026.

• Strategic target to reach EUR 40 million annualized revenue and over 15% adjusted EBITDA by end of 2026.