Greater Than (GREAT) Q2 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2026 earnings summary
20 Aug, 2026Executive summary
Net sales for Q2 2026 were SEK 1.2 million, down 26% year-over-year due to a non-recurring revenue item in Q2 2025; underlying recurring sales rose 15% on a like-for-like basis.
Operating result for Q2 2026 was -13.98 MSEK, compared to -10.06 MSEK in Q2 2025; net result for the period was -13.23 MSEK.
Legal costs and a Nasdaq disciplinary fine negatively impacted results by a combined SEK 2.8 million; currency fluctuations had a positive effect of SEK 0.8 million.
A final settlement with ABAX AS post-period resulted in a SEK 64 million payment, expected to improve Q3 2026 operating result by approximately SEK 40 million.
Leadership changes included Johanna Forseke becoming CEO and a new management team to focus on commercial execution.
Financial highlights
Q2 2026 net sales: SEK 1.24 million (Q2 2025: SEK 1.68 million); H1 2026 net sales: SEK 2.39 million (H1 2025: SEK 2.95 million).
Q2 2026 operating result: -13.98 MSEK (Q2 2025: -10.06 MSEK); H1 2026 operating result: -25.28 MSEK (H1 2025: -22.13 MSEK).
Q2 2026 net result: -13.23 MSEK (Q2 2025: -11.17 MSEK); H1 2026 net result: -22.47 MSEK (H1 2025: -27.31 MSEK).
Earnings per share for Q2 2026: -0.74 SEK (Q2 2025: -0.85 SEK); H1 2026: -1.28 SEK (H1 2025: -1.84 SEK).
Cash and bank balances at June 30, 2026: SEK 17.0 million.
Outlook and guidance
Focus shifting from product development to commercial execution, with new leadership structure to accelerate decision-making and revenue generation.
Resources to be directed toward Global Partnerships and core Direct Enterprise clients.
Settlement with ABAX AS expected to significantly improve Q3 2026 results.
Latest events from Greater Than
- Q4 sales more than doubled as losses narrowed and ESG-driven deployments expanded.GREAT
Q4 2023 - Revenue contracted, but operating losses narrowed as dynamic insurance demand and financing boosted growth prospects.GREAT
Q4 2020 - Revenue grew and cash strengthened as losses widened to fund global expansion.GREAT
Q4 2021 - User growth and partner launches accelerated as losses widened and cash declined.GREAT
Q4 2022 - ABAX settlement lifted Q3 profit; recurring sales grew as FIA DSI pilots converted.GREAT
Q3 2026 - Operating losses narrowed as partnerships advanced and leadership transitioned.GREAT
Q1 2026 - Significant revenue decline offset by new partnerships, product launches, and strengthened capital base.GREAT
Q4 2025 - Significant revenue drop offset by major global partnerships and new AI-driven product launches.GREAT
Q3 2025 - Revenue fell sharply amid legal disputes, but major new deals and AI launches signal future growth.GREAT
Q2 2025