Impero (IMPERO) Q1 2026 earnings summary

Executive summary

• Achieved 20% year-over-year ARR growth, reaching DKK 48.3M by end of Q1 2026, with net new ARR of DKK 2.1M and positive EBITDA for the quarter.

• Net Revenue Retention at 107% reflects strong upsell and low churn, with continued expansion in DACH and Northwestern Europe.

• Strong cash flow from operations at DKK 9.2M, cash position improved to DKK 26.5M, and cash burn to net new ARR ratio improved to 0.3.

• Continued investment in commercial organization, especially in the DACH region, which led growth with 27% ARR increase and accounted for 44% of total ARR.

• Major product advances included launch of Entity Management and enhancements to Control Testing modules, with first AI features introduced in May 2026.

Financial highlights

• Revenue rose 18% to DKK 11.8M in Q1 2026 compared to Q1 2025; gross profit margin remained stable at 97%.

• EBITDA improved to DKK 0.4M from DKK -2.8M in Q1 2025.

• Operating loss (EBIT) improved to negative DKK 0.4M from negative DKK 3.7M year-over-year.

• Other external expenses decreased by 14% and staff costs by 5% year-over-year.

• Cash at period end was DKK 26.5M, up DKK 7.7M from year-end 2025, with no interest-bearing debt.

Outlook and guidance

• 2026 ARR guidance set at DKK 53M–57M, representing 15–23% growth.

• EBITDA guidance upgraded to DKK 0–2M for 2026, reflecting efficiency gains and timing of commercial hires.

• Assumes effective go-to-market execution, high retention, timely hiring, and stable macroeconomic conditions.