Flowscape Technology (FLOWS) Q1 2026 earnings summary

Executive summary

• Achieved profitable growth with EBIT of 1.4 MSEK (0.2 MSEK) and net sales up 11% to 12.6 MSEK (11.4 MSEK) compared to the same quarter last year.

• Annual recurring revenue (ARR) increased by 11% to 38.6 MSEK (34.8 MSEK) year-over-year.

• Launched the largest product update to date, introducing AI-driven analytics, a new employee app, and an updated admin interface.

• Expanded Nordic presence, securing NRK as a new customer post-quarter.

Financial highlights

• Net sales for Q1 2026 were 12,608 TSEK, up from 11,431 TSEK in Q1 2025.

• EBITDA reached 3,411 TSEK (2,325 TSEK), and EBIT was 1,406 TSEK (160 TSEK) year-over-year.

• Net income after financial items was 1,392 TSEK (160 TSEK).

• Cash flow for the period was 3,281 TSEK (1,021 TSEK), with cash at period end at 9,527 TSEK (6,246 TSEK at start of year).

• Earnings per share after financial items were 0.071 SEK (0.008 SEK).

Outlook and guidance

• Focus remains on profitable growth, leveraging the updated platform to deepen and broaden offerings, strengthen customer relations, and win new clients in the Nordics.

• AI is central to product development and sales, enabling higher capacity per employee and scalable expansion.