LightOn (ALTAI) Q4 2025 TU earnings summary

Executive summary

• FY 2025 revenue increased by 54% year-over-year, reaching €1.7 million, driven by strong demand for secure generative AI solutions in business and public sectors.

• Paradigm license sales nearly tripled, offsetting a planned decline in Forge-type services as part of a SaaS transition.

• Strategic partnerships and expanded offerings, including a hybrid cloud solution and new features like LightOnOCR-210, supported growth despite hardware supply constraints.

Financial highlights

• Revenue for 2025 was €1.7 million, up 54% from 2024, with most sales in France.

• Annual recurring revenue (ARR) reached €1.9 million at year-end, growing more moderately due to contract delays.

• Paradigm license revenue rose from €538k in 2024 to €1.495 million in 2025.

• Forge services revenue declined from €455k in 2024 to €127k in 2025.

Outlook and guidance

• Anticipates improved hardware access and accelerated AI adoption in Europe in 2026.

• Expects continued business growth, new geographic expansion (notably the Middle East), and a transition to profitability by end of 2026.