Amido (AMIDO) Q1 2026 earnings summary

Executive summary

• Recurring revenue grew 13% year-over-year in Q1, now representing 80% of net sales.

• Total revenue increased 9% year-over-year to 9.5 MSEK.

• New product brands Amido Access and Amido External launched, replacing previous brands.

• Stefan Berg joined the board, bringing expertise in data, AI, and scalable tech.

• Customer churn was 0% in the quarter, indicating strong customer retention.

Financial highlights

• Net sales: 9.5 MSEK (up from 8.8 MSEK year-over-year).

• EBITDA: -0.3 MSEK (down from 0.4 MSEK year-over-year); adjusted EBITDA improved to -0.3 MSEK from -1.7 MSEK.

• Result before tax: -2.5 MSEK (down from -1.6 MSEK year-over-year); adjusted result before tax improved to -2.5 MSEK from -3.7 MSEK.

• Earnings per share: -0.09 SEK (vs. -0.05 SEK year-over-year).

• ARR at period end: 30.6 MSEK (up from 27.1 MSEK year-over-year).

Outlook and guidance

• Focus remains on profitable growth, innovation, and scalability.

• Despite macroeconomic uncertainty in the real estate market, demand for digital and secure access solutions is strong.

• Regulatory drivers like NIS2 expected to support continued growth.