Done.ai (DONE) Q3 2025 earnings summary

Executive summary

• Completed major transformation, divesting ERP division and executing 12 acquisitions, scaling from SEK 30M to over SEK 350M pro forma annual revenues and expanding to 275 employees and 15,000+ customers.

• Exclusive fintech distribution agreement with Finago and strong liquidity position support ongoing integration and product development.

• Q3 2025 net sales reached SEK 83.1M, EBITDA SEK 5.0M, and profit after tax SEK -22.8M, reflecting significant acquisition-related amortisation.

Financial highlights

• Q3 2025 reported net sales SEK 83.1M, up over tenfold year-over-year (excluding divested ERP division and acquisitions).

• EBITDA for Q3 2025 was SEK 5.0M, with an EBITDA margin of 6%.

• Operating profit (EBIT) for Q3 2025 was SEK -23.0M, including SEK -25.6M in acquisition-related amortisation.

• Profit after tax for Q3 2025 was SEK -22.8M; EPS SEK -0.17.

• Cash and cash equivalents at quarter-end were SEK 105.8M; equity/assets ratio 70.7%.

Outlook and guidance

• Integration of acquisitions is progressing, with efficiency gains and margin improvements expected in 2026 as synergies are realised.

• Platform is positioned for scalable growth, with a focus on cross-sell, upsell, and expanding embedded fintech offerings.

• Continued operational discipline and product roadmap prioritisation are key to long-term value creation.