Skolon (SKOLON) Q3 2026 earnings summary

Executive summary

• Q3 revenue grew 5.7% YoY to SEK 66.6m, entirely organically; EBITDA rose to SEK 5.3m from SEK 2.6m, the strongest quarterly result to date.

• Paying users reached 1,115,238, up 12.1% YoY; platform use hit an all-time high, with user growth continuing into early Q4.

Financial highlights

• Q3 operating income was SEK 3.3m vs SEK 1.2m; EPS was SEK 0.14 vs SEK 0.04, and net income was SEK 3.8m vs SEK 1.0m.

• 9M revenue rose 15.9% to SEK 174.0m; growth was 14.5% at comparable exchange rates. EBITDA was SEK 4.5m vs SEK 1.5m, while operating loss narrowed to SEK 1.0m from SEK 2.6m.

• 9M net loss was SEK 0.3m vs SEK 3.3m; EPS was SEK -0.01 vs SEK -0.12.

• Q3 operating cash flow was SEK 17.4m vs SEK 44.4m; 9M operating cash flow was SEK 16.3m vs SEK 51.0m, reflecting working-capital movements.

Outlook and guidance

• Management expects to close the year strongly, citing profitable growth, international progress and financial strength.

• Several platform features are planned for Q4, including continued development of Skolup and Learnalytics.

• Long-term target: 5m paying users by 2030, alongside continued European expansion and profitable growth.