Railway Metrics and Dynamics (RMDX) Q1 2026 earnings summary

Executive summary

• Achieved significant growth in recurring rental income, shifting revenue model to long-term TaaS contracts year-over-year.

• Secured multi-year contract with Green Cargo, ensuring minimum revenues of SEK 6,026,000.

• Strengthened financial position through new loans and expanded sales and engineering teams.

• Initiated collaborations to reduce insurance costs for rail operators and expanded product testing in the US.

Financial highlights

• Net sales for Q1 2026 reached SEK 731k, up 27% from SEK 576k in Q1 2025.

• Recurring rental income increased 81% to SEK 731k from SEK 405k year-over-year.

• EBIT improved to SEK -2,547k from SEK -5,491k year-over-year.

• EBITDA was SEK -2,333k, up from SEK -5,591k in Q1 2025.

• Cash and cash equivalents at quarter-end were SEK 7,267k, up from SEK 439k last year.

Outlook and guidance

• Focus remains on achieving positive cash flow and leveraging recurring TaaS revenues.

• Ongoing expansion of sales and engineering capacity to meet growing demand.

• Continued product development and market expansion, especially in the US and with major Swedish rail operators.