FINEOS (FCL) Q3 2026 TU earnings summary

Executive summary

• Closing cash was €51.7m at 30 September, up €19.0m YoY, supported by seasonal subscription receipts and collection timing.

• 3Q26 client receipts rose 47% YoY to €46.3m, including ~€8.0m of invoices initially expected in 2Q26.

• FY26 revenue guidance remains €147m–€152m; the pipeline is described as strong, though no new sales were finalized in 3Q26.

Financial highlights

• Operating cash flow was €18,946k in 3Q26 and €44,702k YTD; investing cash outflow was €6,536k and €22,354k, respectively.

• Product manufacturing and operating costs were €8.2m, up 6% YoY; cloud infrastructure costs rose to support increased client usage.

• Staff costs were €13.4m, up 5% YoY, reflecting lower capitalized salaries and lower cost-of-sales allocation.

• Administration and corporate costs fell 18% YoY to €5.4m, following 6-month software and insurance prepayments in 3Q26 versus 12-month renewals in 3Q25.

• Capitalized R&D investment was €6.5m in 3Q26; the annual R&D tax credit payment is due in 4Q26.

Outlook and guidance

• FY26 revenue guidance remains €147m–€152m, with guidance across key deliverables unchanged.

• Pipeline remains strong, supported by demand for AI-enabled platform capabilities and cross- and up-selling opportunities across the existing customer base.

• The annual R&D tax credit payment is expected in 4Q26.