Flowscape Technology (FLOWS) Q3 2026 earnings summary

Executive summary

• Q3 revenue was SEK 11.1m and EBIT SEK 1.9m, with EBIT margin above 17%; ARR rose 9% YoY to SEK 40.2m.

• Transformation initiatives in development, automation and operating processes improved profitability; focus now shifts to accelerating new-customer sales and expanding the offering.

Financial highlights

• Q3 revenue was SEK 11.062m vs SEK 10.735m; EBITDA was SEK 3.925m vs SEK 2.595m; EBIT was SEK 1.918m vs SEK 0.535m.

• Q3 net income was SEK 1.919m vs SEK 0.535m; EPS after financial items was SEK 0.098 vs SEK 0.027.

• 9M revenue was SEK 35.638m vs SEK 33.153m; EBITDA was SEK 9.427m vs SEK 7.085m; EBIT was SEK 3.416m vs SEK 0.732m.

• 9M net income was SEK 3.400m vs SEK 0.732m; EPS after financial items was SEK 0.174 vs SEK 0.037.

• Q3 booked orders were SEK 1.983m vs SEK 3.948m, including recurring revenue of SEK 0.946m vs SEK 1.894m; 9M orders were SEK 9.987m vs SEK 11.367m.

Outlook and guidance

• A significantly broader offering on the new platform is planned for H1 2027, supported by increased product-development capacity and AI-enabled development efficiency.

• Plans include strengthening sales and marketing: a marketing lead starts in January 2027, a senior salesperson is being recruited, and further sales-team expansion is planned for H2 2027.

• Lower Q3 order intake YoY reinforces the priority on new-customer sales; broader solutions are intended to address more customer needs and markets.