Qbrick (QBRICK) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were 6.4 MSEK, down 19% year-over-year, but up 19% sequentially from Q1 2026, indicating early effects of strategic transformation efforts.

• EBITDA for Q2 2026 was -1.5 MSEK, a decline from 0.1 MSEK in Q2 2025, reflecting lower production assignments and increased personnel costs.

• Two new AI-driven products, Qbrick Pulse and Dirion, were launched, marking a shift toward scalable, recurring SaaS revenues.

• A cost-saving program, including staff reductions, was implemented to align costs with current revenue levels, with full effects expected in 2027.

Financial highlights

• Net sales for H1 2026 were 11.7 MSEK, 22% lower year-over-year.

• Gross margin improved to 79% in Q2 2026 from 77% in Q2 2025, driven by a higher share of scalable SaaS revenues.

• EBITDA for H1 2026 was -2.2 MSEK, compared to -1.0 MSEK in H1 2025.

• Cash position at quarter-end was 1.1 MSEK, up from 0.6 MSEK in Q1 2026, supported by a directed share issue and bridge loan.

• Equity at period-end was 7.5 MSEK, down from 20.5 MSEK a year earlier.

Outlook and guidance

• Management expects continued positive impact from the transformation toward scalable SaaS revenues and cost discipline.

• The partnership with Bonnier News is anticipated to contribute increasingly to revenues in H2 2026.

• Full cost-saving effects from the restructuring program are expected from Q1 2027.