QBNK (QBNK) Q3 2026 earnings summary

Executive summary

• Q3 revenue was SEK 10.0M and EBIT SEK 0.7M; nine-month revenue was SEK 30.2M and EBIT SEK 0.8M. ARR reached SEK 37.1M at October entry, up from SEK 36.4M a year earlier.

• Recurring subscription revenue remained the core of sales, representing 93% of Q3 net revenue; Q3 recurring subscriptions grew 1% YoY.

Financial highlights

• Q3 revenue was SEK 10.0M (10.2M), EBITDA SEK 0.7M (1.8M), EBIT SEK 0.7M (1.8M), and net income SEK 0.5M (1.4M).

• Nine-month revenue was SEK 30.2M (31.4M), EBITDA SEK 0.9M (1.6M), EBIT SEK 0.8M (1.3M), and net income SEK 0.6M (1.1M).

• Nine-month subscription revenue was SEK 27.6M (27.7M), project revenue SEK 2.4M (3.5M), and other revenue SEK 0.2M (0.2M).

• Operating cash flow was negative SEK 1.9M in Q3 (negative SEK 4.2M) and negative SEK 5.1M for 9M (negative SEK 7.9M).

Outlook and guidance

• Professional Services revenue is expected to recover somewhat through new-customer implementations and enterprise workflow projects; the Q4 backlog is higher.

• Product-development capacity increased 50% after Q2–Q3 restructuring; costs are expected to normalize from October, following higher external and restructuring costs.