MoveByBike (MBBAB) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 24% YoY to SEK 10.9m; operating result was a loss of SEK 4.3m, with expansion costs ahead of revenue and unusually high prior-year other operating income.

• September deliveries reached a record 103,071 in one month; the first time monthly deliveries exceeded 100,000.

Financial highlights

• Q3 net sales were SEK 10.924m vs SEK 8.835m YoY; other operating income was SEK 0.028m vs SEK 17.883m.

• Q3 operating result was -SEK 4.288m vs SEK 14.656m; net result was -SEK 4.412m vs SEK 14.402m. Prior-year operating income included significant one-off other operating income.

• 9M net sales increased 26% YoY to SEK 30.405m; operating result was -SEK 13.432m vs SEK 4.715m, and net result was -SEK 13.924m vs SEK 3.648m.

• Q3 EPS was -SEK 1.56 vs SEK 11.66; 9M EPS was -SEK 5.38 vs SEK 4.48.

Outlook and guidance

• Expanded capacity, a new Stockholm hub and a larger fleet are expected to support further volume and revenue growth in Q4; winter readiness was a focus.

• Delays to vehicle deliveries and operational start-ups were largely addressed; management expects the expanded capacity to contribute progressively.

• A dedicated sales function began generating business; nearly 30 new daytime-service customers joined in Stockholm and Copenhagen during October.