FlexQube (FLEXQ) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw a 40.5% year-over-year increase in order intake to 40.1 MSEK, with record-high intake in September and continued strength into October, mainly driven by the U.S. market and automation projects.

• Net sales declined 30.9% year-over-year to 17.4 MSEK, reflecting lower order intake in previous quarters.

• Several major pilot and volume orders were secured in the U.S., including a potential multi-year project with a leading e-commerce company and new orders from automotive and manufacturing customers.

• A directed share issue of approximately 40 MSEK was completed after the quarter to strengthen liquidity and support future growth.

Financial highlights

• Q3 2025 order intake: 40.1 MSEK (up 40.5% year-over-year); net sales: 17.4 MSEK (down 30.9%).

• EBITDA: -8.3 MSEK (Q3 2024: -4.5 MSEK); EBIT: -10.6 MSEK (Q3 2024: -6.9 MSEK).

• Net loss: -11.0 MSEK (Q3 2024: -7.4 MSEK); EPS: -0.8 SEK (Q3 2024: -0.6 SEK).

• Cash flow for the quarter: -7.8 MSEK; cash and cash equivalents at period end: 12.9 MSEK (Q3 2024: 33.1 MSEK).

• For the nine months: net sales 69.1 MSEK (down 20.5% year-over-year), EBITDA -20.8 MSEK, EBIT -27.4 MSEK, net loss -29.1 MSEK.

Outlook and guidance

• Strong pipeline of business opportunities and pilot projects, especially in the U.S., expected to scale quickly.

• One-third of Q2 2025 order intake will be delivered in Q1 2026, supporting future sales.

• The company is financially stronger after the share issue and is focused on executing its strategic plan with emphasis on the U.S. and robotics.