Done.ai (DONE) Q2 2026 earnings summary

Executive summary

• Achieved reported revenue of MSEK 139 in Q2 2026, up from MSEK 61 in Q2 2025, with pro forma revenue growth of 14% year-over-year.

• Reported EBITDA reached MSEK 6, a turnaround from a loss of MSEK 30 last year, reflecting improved profitability while investing in platform development.

• Launched Done OS, the unified operating system for Nordic SMEs, with the first native products (CRM, Buy Now Pay Later) now live and cross-selling initiated.

• Strategic review process initiated to evaluate alternatives, including continued independent growth or potential structural transactions.

Financial highlights

• Q2 2026 revenue: MSEK 138.8; EBITDA: MSEK 6.3; operating profit: MSEK -31.0 (includes MSEK -37.2 in depreciation/amortisation, of which MSEK -27.2 is acquisition-related).

• Profit after tax for Q2: MSEK -6.8; EPS: SEK -0.11.

• YTD (Jan-Jun 2026): revenue MSEK 278.1, EBITDA MSEK 10.2, operating profit MSEK -65.9, profit after tax MSEK -46.8, EPS SEK -0.57.

• Cash and cash equivalents at quarter-end: MSEK 79.8; equity/assets ratio: 53.2%.

• Pro forma EBITDA margin improved to 4.5% in Q2 2026 from -17.8% in Q2 2025.

Outlook and guidance

• Targets BSEK 1 in revenue and 20% underlying EBITDA margin by 2028, implying ~30% CAGR from 2025 pro forma base.

• Expects revenue contribution from new products to scale through Q4 2026, mature in 2027, and underpin 2028 targets.

• Strategic review ongoing, with options including continued independent execution or potential sale/co-investment.