)
Visual
test
F-Secure
F-Secure (FSC1V) investor relations material
F-Secure Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Feb, 2026
Executive summary
Strategic partnerships, AI innovations, and leadership changes accelerated growth prospects, with major milestones and new product launches such as Horizon and Halo platforms.
Recognized with the AI Growth Initiative of the Year award and multiple cybersecurity accolades.
Reported revenue for 2025 was EUR 145.7 million, a decrease of 0.4% year-over-year; currency neutral growth was 0.6%.
Adjusted EBITA for 2025 was EUR 50.3 million (34.5% margin), down from EUR 52.2 million (35.7%) in 2024.
Earnings per share increased to EUR 0.13, with a proposed dividend of EUR 0.04 per share.
Financial highlights
Q4 2025 reported revenue was EUR 35.7 million, down 3.6% year-over-year; currency neutral revenue decreased by 1.3%.
Adjusted EBITA for Q4 2025 was EUR 12.0 million (33.6% margin), up from EUR 11.8 million (31.8%).
Gross margin for 2025 was 84.7%, slightly lower due to higher share of Embedded Security.
Operating cash flow for 2025 was EUR 43.6 million, up from EUR 38.8 million in 2024.
Deferred revenue at year-end was EUR 27.0 million, down 5.2% year-over-year.
Outlook and guidance
2026 guidance: mid- to high single-digit currency neutral revenue growth, with adjusted EBITA expected between EUR 44–50 million.
Growth and profitability expected to improve through the year as new Tier 1 deals ramp up, especially in H2.
CapEx to remain at or slightly above 2025 levels, but lower as a percentage of revenue.
Dividend policy targets payout around or above 50% of net profit, adjusted for leverage.
Medium-term targets: high single-digit CAGR, adjusted EBITA margin approaching 40% at EUR 200 million revenue, leverage below 2.5x.
Path to 40% EBITA margin despite lower GM
Leverage ratio reduction strategy
Mitigate Tier 1 partner deal delays
Tier 1 deal ramp-up confidence for 2026?
Halo and Horizon's market impact and strategy?
Operating leverage improvement timeline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebSCW
73% revenue growth and record backlog driven by new space contracts and strategic investments. - 6 FebCDP
2025 FFO/share rose 5.8% with strong leasing and retention; 2026 guidance signals further growth. - 6 FebSCWRevenue at 15.86 mln PLN, backlog 17.14 mln PLN, and major space contracts drive 2025 outlook.
- 6 FebPENG
All proposals passed, with no questions raised during the Q&A session. - 6 FebSCWQ2 2024 revenue up 115% y/y, backlog nearly doubled, Space segment leads growth.
- 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and strong acquisitions. - 6 FebISCTR
Net profit up 90% in 2025, with strong NIM, fee growth, and positive 2026 outlook. - 6 FebSCWQ2 2025 revenue surged 120% y/y, driven by a record Asian contract and a tripled backlog.
- 6 FebSCWQ1 2025 revenue jumped 97% year-over-year, with strong backlog and major new contracts secured.
- 6 FebSCWQ3 revenue up 39% y/y, backlog at 58.3 mln PLN, Space leads growth with global contracts.
Next F-Secure earnings date
Q1 202629 Apr, 2026
F-Secure
Next F-Secure earnings date
Q1 202629 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
F-Secure Corporation is a global cyber security and privacy company. The Company operates through two segments: Home Solutions and Enterprise Solutions. The Home Solutions segment offers home security solutions to consumers over the Internet, via retailers and broadband service providers. The Enterprise Solutions segment includes enterprise cyber security solutions and related services for organizations and telecommunications operator networks.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage