Impero (IMPERO) Q4 2025 earnings summary

Executive summary

• Achieved strong finish in 2025 with DKK 3.1M net new ARR in Q4 and exceptionally low churn rate of 1% (LTM).

• Significantly improved EBITDA for full-year 2025, reflecting balanced cost levels and improved operating efficiency.

• Continued growth in the DACH region with no customer churn and successful launch of Control Testing module in July 2025.

• Deepened AI integration across compliance lifecycle, enhancing feature delivery and platform stickiness.

• Private placement of DKK 15M in December 2025 from existing shareholders, board, and management.

Financial highlights

• Revenue increased 19% year-over-year to DKK 42.0M in 2025.

• Gross profit margin improved to 98% in 2025 from 97% in 2024.

• EBITDA improved to DKK -3.1M in 2025 from DKK -8.7M in 2024, driven by higher revenue growth and increased capitalization rate.

• Annual Recurring Revenue (ARR) grew to DKK 46.2M at year-end 2025, up from DKK 38.7M in 2024.

• Net revenue retention stood at 106% for 2025.

Outlook and guidance

• ARR guidance for end of 2026 is DKK 53M to 57M, representing 15-23% growth.

• EBITDA guidance for 2026 is DKK -2M to +1M, an improvement from 2025.

• Assumes effective execution of go-to-market initiatives, high customer retention, timely commercial hires, and stable macroeconomic conditions.