XMReality (XMR) Q2 2026 earnings summary

Executive summary

• Achieved positive EBITDA for the fourth consecutive quarter, reaching 888 TSEK, up over 1 MSEK year-over-year for Q2 2026.

• Continued focus on the cooling and heating technology sector resulted in several new customers, including IV Produkt.

• Launched major product integration with Microsoft Dynamics 365, expanding market reach and sales channels.

Financial highlights

• Q2 2026 ARR was 12,641 TSEK, down from 13,044 TSEK in Q1 2026, mainly due to contract changes and cancellations.

• Q2 2026 EBITDA was 888 TSEK (vs. -154 TSEK Q2 2025); gross margin remained high at 99%.

• Net sales for H1 2026 were 6,405 TSEK, down from 7,882 TSEK in H1 2025.

• Cash flow for Q2 2026 was 1,121 TSEK (1,838 TSEK Q2 2025); equity ratio at period end was 45.6% (39.9%).

• Net result for Q2 2026 was -752 TSEK, improved from -1,778 TSEK in Q2 2025.

Outlook and guidance

• Management expects continued positive effects from strategic focus on the cooling and heating sector and the Microsoft Dynamics integration.

• AI agent for sales support is expected to further improve lead generation and sales efficiency in coming quarters.