Kinda Brave (BRAVE) Q3 2026 earnings summary

Executive summary

• HELA remained in development ahead of its December 1, 2026 launch; Q3 revenue was SEK 44k, with EBITDA of -SEK 3.7m and net loss of SEK 4.1m.

• Player interest indicators reached 1.27m wishlists and 201.4m organic views; the PC demo ranked 24th among more than 8,000 Steam Next Fest demos.

Financial highlights

• Q3 2026 revenue was SEK 44k vs SEK 106k YoY; 9M revenue was SEK 115k vs SEK 375k.

• Q3 EBITDA was -SEK 3.7m vs -SEK 6.9m; 9M EBITDA was -SEK 11.2m vs -SEK 14.6m.

• Q3 operating loss was SEK 3.8m vs SEK 13.5m; 9M operating loss was SEK 11.5m vs SEK 22.2m, including SEK 6.1m of prior-year Q3 impairments.

• Q3 net loss was SEK 4.1m vs SEK 13.9m; 9M net loss was SEK 12.7m vs SEK 24.2m. Q3 EPS was -SEK 0.07 vs -SEK 0.39.

Outlook and guidance

• HELA is scheduled to launch December 1, 2026 on Nintendo Switch 2, Xbox Series X|S, PlayStation 5 and PC; release-day availability includes Xbox Game Pass.

• Pre-launch priorities include quality assurance, technical stability, certification and coordinated partner activity; paid marketing is planned to intensify near launch.

• Commercial results depend on player reception and demand over time; planned accounting at final game approval is explicitly not a forecast.