EKINOPS (EKI) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue reached €27.6m, up 8% sequentially from Q4 2025, marking a second consecutive quarter of growth.

• Revenue declined 3% year-over-year compared to Q1 2025; at constant exchange rates, nearly stable at -0.5%.

• Olfeo, consolidated since June 2025, contributed €1.6m to Q1 2026 revenue.

Financial highlights

• Q1 2026 revenue: €27.6m; Q4 2025: €25.6m; Q1 2025: €28.5m.

• Software & Services sales up 6% year-over-year, now 20% of total revenue (vs. 18% a year earlier).

• ARR at March 31, 2026: €15.6m, up 5% from December 31, 2025 (restated €14.8m).

Outlook and guidance

• 2026 revenue growth target confirmed, aiming for single-digit growth for the full year.

• Growth to be supported by new DCI and SASE solutions deliveries expected by end of 2026.