BIMobject (BIM) Q1 2026 earnings summary

Executive summary

• Achieved 10% year-over-year ARR growth in Q1, with positive momentum despite currency headwinds.

• Loss reduced from -SEK 18.1 million to -SEK 8.6 million, reflecting better cost control and absence of prior restructuring costs.

• Reorganization implemented into two business areas: Design Enablement and Data Solutions, expected to drive growth and efficiency.

• Strategic acquisitions (CarbonZero, GreenMetrics) and AI integration are central to expanding data offerings.

• Emphasis on closing the two-sided marketplace loop and expanding partnerships, such as with Swedish building materials merchants.

Financial highlights

• ARR in constant currency grew 10% year-over-year; adjusted recognized revenue up 14%.

• Net sales for Q1 were MSEK 43.0, down 1% year-over-year, but up 7% currency adjusted.

• EBITDA at -SEK 8.6 million and EBIT at -SEK 12.4 million for the quarter.

• Operational costs decreased 16% year-over-year, driven by lower FTEs, reduced external consultants, and cost discipline.

• Cash position at quarter-end was SEK 152.6 million.

Outlook and guidance

• Full impact of reorganization, reducing annual operating costs by 25 MSEK, expected from Q3 2026.

• Restructuring costs of about 11 MSEK to be accounted for in Q2 2026.

• Focus on scaling Design Enablement in North America and EMEA, and Data Solutions in the Nordics.

• Profitability will require further ARR growth and realization of cost efficiencies.

• Strategic focus on recurring revenue and platform growth, leveraging new partnerships for long-term expansion.