PSI Software (PSAN) Q1 2026 earnings summary

Executive summary

• Revenues declined by 2.1% year-over-year to €66.5 million, but adjusted for the Mobility division divestiture, revenues increased by 1.7%.

• Net result fell to -€7.4 million from €0.3 million year-over-year, impacted by modernization and restructuring costs.

• Order intake dropped 31% to €109 million, with order backlog down 10.8% to €199 million.

Financial highlights

• Adjusted operating result was -€4.5 million, down from €2.1 million year-over-year.

• Operating result was -€5.9 million, compared to €2.1 million in the prior year.

• Cash and cash equivalents at quarter-end were €30.9 million, a 5% decrease year-over-year.

• Cash flow from operating activities was -€3.7 million, down from €10.6 million in Q1 2025.

• Earnings per share dropped to -€0.47 from €0.02 year-over-year.

Outlook and guidance

• Targeting approximately 10% growth in order intake and revenue for 2026.

• Aims for an adjusted EBIT margin of about 4% for 2026.

• Strategic partnership with Warburg Pincus to accelerate innovation and scalability.