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Risk Intelligence (RISK) investor relations material
Risk Intelligence Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved positive EBITDA in all quarters and for the full year 2025, reflecting improved operational leverage and cost control.
Revenue growth of 5% in Q4 and 8% for the full year, with costs decreasing by 15% in Q4 and 6% for the year compared to 2024.
Churn increased to 8.6% in 2025 due to a terminated US government license, but is expected to normalize in 2026.
End-of-year revenue and ARR were below forecast due to client budget delays and postponed deals, prompting a more conservative 2026 outlook.
Restructured balance sheet with roll-over and extension of long-term loans into 2027-2028.
Financial highlights
Recognised net sales grew 5% in Q4 2025 to DKK 7,238k and 8% for the year to DKK 27,372k.
Gross profit (reporting) increased 32% in Q4 to DKK 4,675k and 27% for the year to DKK 18,564k.
EBITDA improved by 109% in Q4 to DKK 129k and by 116% for the year to DKK 517k.
Net loss for 2025 was DKK -5,872k, an improvement from DKK -8,553k in 2024.
Cash flow from operating activities was DKK -5,652k for 2025, down from DKK -3,832k in 2024.
Outlook and guidance
2026 System ARR expected between DKK 30.3M and 34.4M, representing 10-25% growth.
Positive EBITDA targeted for 2026, with a more conservative forecast due to 2025 year-end shortfalls.
- 36% revenue growth, 0% churn, and new partnerships drive improved results and outlook.RISK
Q2 20241 Feb 2026 - First positive EBITDA in five years, 32% revenue growth, and ARR up 28% with strong retention.RISK
Q3 202412 Jan 2026 - 30% revenue growth, improved EBITDA, and 2025 targets positive results with ARR growth.RISK
Q4 202423 Dec 2025 - Revenue up 18% and positive EBITDA, but 2025 guidance revised to a net loss.RISK
Q2 202523 Nov 2025 - Q3 2025 delivered 9% revenue growth and positive EBITDA, despite a major U.S. contract loss.RISK
Q3 202520 Nov 2025 - First positive EBITDA, double-digit ARR and revenue growth, and robust SaaS margins in Q1.RISK
Q1 202514 Nov 2025
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