Nowonomics (NOWO) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue rose 19.7% YoY to SEK 8.5M; EBITDA was SEK 0.7M versus SEK 0.8M, and net loss was SEK 1.5M versus SEK 1.0M.

• 9M revenue rose 80% YoY to SEK 26.8M; EBITDA improved by SEK 10.7M to SEK 4.2M, while net loss narrowed to SEK 2.1M from SEK 11.7M.

• AUM reached SEK 1,476.4M at September 30, up 108.6% YoY; EBITDA was positive for a second consecutive quarter.

Financial highlights

• Q3 net sales were SEK 7.6M versus SEK 6.3M; total operating revenue was SEK 8.5M versus SEK 7.1M.

• 9M net sales were SEK 24.5M versus SEK 12.4M; operating income was -SEK 1.8M versus -SEK 11.4M, and EPS was -SEK 0.1 versus -SEK 0.5.

• Q3 operating income was -SEK 1.4M versus -SEK 0.9M; EPS was -SEK 0.1 versus approximately SEK 0.0.

• 9M operating cash flow was SEK 4.8M versus -SEK 2.0M; investing cash flow was -SEK 2.4M and financing cash flow was -SEK 4.6M.

Outlook and guidance

• The updated Nowo app was scheduled to launch in Q4 2026, aiming to simplify and improve the savings experience and support member growth and engagement.

• A feasibility study is assessing possible international expansion, with Poland as the first market; no launch decision has been made.

• Priorities include continued growth and development in Sweden, alongside stronger scalability and recurring revenue.