Greater Than (GREAT) Q3 2025 earnings summary

Executive summary

• Achieved a major milestone with the FIA launching the global Driver Safety Index powered by proprietary AI, validating years of development and providing a commercial pathway for recurring revenue.

• Launched the Crash Probability Hub, integrating multiple risk management tools and AI-driven insights for customers in mobility and transportation.

• Faced significant revenue decline due to the loss of a major customer (ABAX) and ongoing litigation, but strategic partnerships and new product launches position the company for future growth.

Financial highlights

• Q3 2025 net sales: SEK 1.5M (down 89% year-over-year); 9M 2025 net sales: SEK 4.5M (down 87% year-over-year).

• Q3 2025 operating result: SEK -8.5M (vs. SEK 5.8M in Q3 2024); 9M 2025 operating result: SEK -30.6M (vs. SEK 3.8M in 2024).

• Q3 2025 net result: SEK -10.8M (vs. SEK 6.4M in Q3 2024); 9M 2025 net result: SEK -38.2M (vs. SEK 5.1M in 2024).

• Earnings per share for 9M 2025: SEK -2.58 (vs. SEK 0.33 in 2024).

• Cash and bank balances at period end: SEK 10.6M (down from SEK 46.4M a year earlier).

Outlook and guidance

• Transitioning Honda R&D project to a commercial relationship in 2026, with positive customer feedback.

• Strong pipeline of new opportunities and partnerships, including the FIA DSI, expected to drive growth in 2026.