QBNK (QBNK) Q2 2026 earnings summary

Executive summary

• Achieved a positive EBIT of 0.1 MSEK for H1 2026, improving by 0.6 MSEK year-over-year from -0.5 MSEK.

• Revenues for H1 2026 were 20.2 MSEK, down 5% compared to the same period last year, mainly due to a customer loss in 2025.

• Professional Services revenues recovered and exceeded last year's quarterly level.

• New CEO Jörgen Karlsson appointed in January 2026.

• Several new customers acquired in Q2, offsetting previous customer churn.

Financial highlights

• H1 2026 revenues: 20.2 MSEK (21.2 MSEK in H1 2025).

• H1 2026 EBITDA: 0.2 MSEK (-0.3 MSEK in H1 2025).

• H1 2026 EBIT: 0.1 MSEK (-0.5 MSEK in H1 2025), margin 0.3% (-2.4%).

• H1 2026 net income: 0.1 MSEK (-0.3 MSEK in H1 2025).

• H1 2026 operating cash flow: -3.2 MSEK (-3.7 MSEK in H1 2025).

Outlook and guidance

• ARR stable at 37.0 MSEK, unchanged from previous quarter.

• AI developments and EU AI Act expected to increase demand for DAM solutions.

• Product development capacity being strengthened to meet market needs.