Tempest Security (TSEC) Q1 2026 earnings summary

Executive summary

• Revenue increased by 11% year-over-year to SEK 145.9 million in Q1 2026, with adjusted EBITDA rising to SEK 4.8 million (3.3% margin).

• Profitability trend remains positive, with net income at SEK 1.4 million compared to a loss of SEK -2.8 million in Q1 2025.

• Operational improvements, cost reductions, and focus on core business have driven efficiency and margin gains.

Financial highlights

• EBITDA was SEK 4.6 million (3.2% margin), up from SEK 1.6 million (1.2%) year-over-year.

• Adjusted EBITDA (excluding SEK -0.1 million in non-recurring items) was SEK 4.8 million.

• Operating income reached SEK 1.9 million, up from SEK -1.4 million.

• Cash flow from operations before working capital changes was SEK 4.6 million, up from SEK 1.5 million.

• Total cash flow for the period was SEK -7.9 million.

Outlook and guidance

• Continued focus on margin improvement, cash flow, and sustainable value creation for 2026.

• Strategy emphasizes growth in stable, profitable segments and ongoing operational efficiency.

• Market demand for integrated security solutions remains strong amid global uncertainty.