MotorK (MTRK) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 saw improved profitability amid a strategic transition, with a focus on higher-quality, longer-duration contracts and disciplined cost management.

• Migration to the Spark platform and expansion of the Customer Data Platform advanced, positioning for AI-driven growth.

Financial highlights

• Revenue was €9.2M, down 11% year-over-year from €10.8M, impacted by planned legacy churn and extended customer decision cycles.

• Committed Annual Recurring Revenue (CARR) was €33.5M, a 9% decrease year-over-year; ARR was €29.5M, down 12%.

• Cash EBITDA improved 55% year-over-year to negative €0.5M; Adjusted EBITDA rose 52% to €0.9M.

• Recurring revenues declined 17% to €6.8M, representing 73% of total revenue.

Outlook and guidance

• FY 2026 guidance for Cash EBITDA profitability and single-digit CARR growth reaffirmed.

• Management remains focused on margin protection and investment in AI-native capabilities.