BIMobject (BIM) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw flat turnover growth, with a -4% impact from currency fluctuations and ARR growth of 4% to MSEK 135.9.

• EBITDA declined to -SEK 20.6 million from -SEK 5.1 million year-over-year, mainly due to increased product development investments and reorganization costs.

• Recurring revenue remained flat at MSEK 33.7, representing 82% of total net sales.

• SEK 191 million in liquid assets supports ongoing strategic investments.

• Cash flow from operating activities was negative at MSEK -14.2, compared to MSEK 0.8 in the prior year.

Financial highlights

• ARR grew 4% year-over-year and 1% quarter-over-quarter, reaching MSEK 135.9.

• Net sales for Q2 2025 were MSEK 41.0, down 2% year-over-year, with a -4% currency effect.

• Services net sales decreased by 12% to MSEK 6.7.

• EBITDA for Q2 was -SEK 20.6 million; EBIT was -SEK 23.1 million.

• SEK 2.9 million in reorganization costs were recognized in Q2.

Outlook and guidance

• No specific revenue guidance for 2026 is provided; product adoption and market fit are being assessed.

• Pipeline for upcoming quarters remains strong, with continued investments in product development and AI.

• Growth expected from new solutions, though current ARR growth is moderate due to higher churn in core platform.

• H1 is seasonally weaker than H2 due to vacation effects.