Stockwik (STWK) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 8.0% YoY to SEK 210.4m, including 2.8% organic growth; EBITA increased 24.4% to SEK 10.1m, with 6.3% organic growth.

• 9M revenue grew 6.0% to SEK 669.5m and EBITA rose 18.6% to SEK 35.7m; pre-tax loss narrowed to SEK 9.2m from SEK 20.5m.

• Organic development and operating improvements remain priorities, alongside selective acquisitions within existing segments.

Financial highlights

• Q3 EBITDA was SEK 22.1m, up 11.7% YoY; EBIT was SEK 8.2m, up 27.6%, while net loss widened to SEK 8.9m from SEK 5.8m.

• 9M EBITDA was SEK 69.6m, up 10.0%; EBIT was SEK 30.3m, up 20.5%, and net loss narrowed to SEK 13.1m from SEK 19.3m.

• Q3 operating cash flow improved to -SEK 2.8m from -SEK 18.3m; 9M operating cash flow was -SEK 6.9m versus -SEK 22.7m.

• Q3 gross margin was 54.6% versus 55.8% YoY; 9M gross margin was 57.5% versus 58.0%.

Outlook and guidance

• Strategy prioritizes sustainable organic growth in existing subsidiaries while selectively pursuing acquisitions in current business segments.

• Q4 is normally the strongest cash-flow quarter; Q3 is typically the weakest and has the highest working-capital needs.