Zaplox (ZAPLOX) Q1 2026 earnings summary

Executive summary

• Cost structure and organization streamlined, leading to a more focused business and strengthened business model.

• First quarter 2026 marked by stabilization after major restructuring in 2025, with improved profitability and efficiency.

• Transitioned to reporting only the parent company after winding down the US subsidiary.

Financial highlights

• Net revenue for Q1 2026 was 4,531 TSEK, down from 5,304 TSEK year-over-year.

• Gross margin improved to 92% from 91% in Q1 2025.

• Annual Recurring Revenue (ARR) at period end was 17,652 TSEK, nearly flat year-over-year.

• Result after financial items was 857 TSEK, a significant improvement from -4,121 TSEK in Q1 2025.

• Earnings per share reached 0.02 SEK, up from -0.11 SEK year-over-year.

• Cash flow from operating activities improved to -1,011 TSEK from -4,917 TSEK in Q1 2025.

• Cash and cash equivalents at period end were 486 TSEK, down from 5,438 TSEK a year earlier.

• Equity ratio dropped to 7% from 31% year-over-year.

Outlook and guidance

• Focus remains on building commercial development and gradually increasing profitable growth.

• Continued emphasis on partner strategy to scale business efficiently in Europe and North America.

• Stable subscription base and adjusted cost structure expected to support liquidity through 2026, assuming business develops as planned.