Ionik (INIK) Q1 2026 earnings summary

Executive summary

• Revenue grew 11% year-over-year to $44.3 million in Q1 2026, with both Media Activation and Marketing Optimization divisions contributing to growth.

• Net loss after tax from continuing operations narrowed to $1.1 million, compared to $3.5 million in Q1 2025.

• Continued progress on platform integration and debt reduction initiatives.

Financial highlights

• Gross profit was $15.6 million (35% margin), down from $16.8 million (42% margin) in Q1 2025, mainly due to higher media acquisition costs.

• Adjusted EBITDA was $5.8 million, down from $6.3 million in Q1 2025.

• Adjusted Free Cash Flow was $5.7 million, with a 99% conversion rate.

• Cash at March 31, 2026 was $5.8 million, down from $11.3 million at December 31, 2025.

Outlook and guidance

• Management remains focused on profitable growth, cash flow generation, platform integration, and further debt reduction.

• Active negotiations underway for a new syndicated debt facility and comprehensive debt reorganization.