INQ Group (ANOT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 increased 64% year-over-year to 7 MSEK, with gross margin rising to 54% from 53%.

• Operating loss widened to -27 MSEK from -21 MSEK, and net loss was -31 MSEK versus -19 MSEK in Q2 2025.

• Major commercial milestones included the launch of the inq exam platform, a new legal tech partnership with Filevine, and a co-branded retail collaboration with Lamy.

• The company completed a convertible loan extension and announced a name change to INQ Group AB.

Financial highlights

• Q2 2026 net sales: 7 MSEK (4 MSEK in Q2 2025), gross profit: 3.6 MSEK (2.1 MSEK), gross margin: 54% (53%).

• Operating loss: -27 MSEK (-21 MSEK), EBITDA: -25 MSEK (-20 MSEK), net loss: -31 MSEK (-19 MSEK), EPS: -0.03 SEK (-0.02 SEK).

• H1 2026 net sales: 13 MSEK (10 MSEK), gross margin: 65% (63%), operating loss: -36 MSEK (-34 MSEK), net loss: -50 MSEK (-56 MSEK).

• Cash flow from operations in Q2: -10.3 MSEK (-11.2 MSEK), cash at period end: 1.2 MSEK.

Outlook and guidance

• Focus for H2 2026 is to convert commercial pipeline into signed agreements and installations, especially in Enterprise Solutions.

• Retail to leverage Lamy partnership for international expansion; education tech to advance inq exam platform toward pilot deployment.

• Strict cost and liquidity discipline remains a priority due to ongoing liquidity constraints.