Done.ai (DONE) Q1 2026 earnings summary

Executive summary

• Pro forma net revenue grew 21% year-over-year to SEK 141 million in Q1 2026, with reported revenue at SEK 139 million and positive EBITDA of SEK 4 million, reflecting strong organic growth and successful integration of acquisitions.

• The group is investing in product development and organizational expansion while maintaining financial discipline, with major product launches and cross-sell potential yet to be realized.

• Q1 2026 marks the first full quarter as an integrated group, following the completion of several acquisitions and the launch of the Done OS platform.

Financial highlights

• Reported net revenue for Q1 2026 was SEK 139.3 million, with reported EBITDA of SEK 4.0 million and an EBITDA margin of 2.9%.

• Operating profit was SEK -34.9 million, including SEK -38.9 million in depreciation and amortization, of which SEK -27.6 million was acquisition-related.

• Profit after tax was SEK -40.0 million, with earnings per share before dilution at SEK -0.46.

• Cash and cash equivalents at quarter-end were SEK 55.5 million; total cash flow for the period was SEK -69.2 million.

• Equity/assets ratio stood at 53.3%.

Outlook and guidance

• Financial targets for 2028 include SEK 1 billion in revenue and a 20% underlying EBITDA margin, implying a ~30% CAGR from the 2025 pro forma base.

• The group aims for at least 20% organic growth, with selective, disciplined add-on acquisitions.

• Major product launches (CRM, BNPL, Card, Spend Management) are expected to drive future growth.