FINEOS (FCL) Q1 2026 TU earnings summary

Executive summary

• Achieved record quarterly customer cash receipts of €56.5m in 1Q26, up 9.3% year-over-year and 133% sequentially from the previous quarter.

• Closing cash balance at 31 March 2026 was €47.1m, €11.7m higher than the same quarter last year and €19.3m above the prior quarter.

• Secured new contracts in Australia and North America, reinforcing momentum in core systems for the insurance sector.

• Continued investment in AI capabilities and hosted successful customer and investor events.

Financial highlights

• Cash receipts from customers reached €56.5m, the highest on record for a quarter.

• Product manufacturing and operating costs were €8.2m, up 1% year-over-year.

• Staff costs rose to €14.8m, a 12% increase versus the same quarter last year.

• Administration and corporate costs were €7.9m, up 16% year-over-year and 90% sequentially due to annual pre-payments.

• Net cash from operating activities was €25.5m for the quarter.

Outlook and guidance

• FY26 revenue guidance maintained at €147m to €152m.

• Management expects continued growth in the sales pipeline and ongoing investment in AI.