BIMobject (BIM) Q3 2025 earnings summary

Executive summary

• Q3 2025 net sales were MSEK 40.7, down 6% year-over-year, mainly due to currency effects and lower services revenue.

• ARR grew 7% year-over-year, driven by customer acquisition in BIM Connect, improved retention, and new product ranges.

• EBITDA was -SEK 6.9 million, down from SEK 1 million last year, mainly due to increased investments in product development and higher personnel costs.

• Acquisition of GreenMetrica AB and appointment of new CEO Niklas Agevik were key events during the quarter.

• The company is focused on building a scalable ecosystem for product information, leveraging AI and a centralized data model.

Financial highlights

• Q3 net sales: MSEK 40.7 (43.1), -6% year-over-year; recurring revenue: MSEK 34.3 (34.6), -1% year-over-year.

• ARR grew 7% year-over-year and 3% quarter-over-quarter, with growth driven by stronger retention and upgrades in Connect.

• EBITDA at -SEK 6.9 million versus SEK 1 million prior year; EBIT at -SEK 10.2 million versus -SEK 0.8 million prior year.

• Cash position at SEK 171 million in liquid assets at period end.

• Equity/assets ratio at 61% (67%) as of September 30, 2025.

Outlook and guidance

• The SEG agreement is expected to generate commercial revenue early next year.

• Next-generation database development is underway, with gradual releases through 2026.

• Newer solutions, such as Connect for distributors, are expected to contribute more significantly to growth over time.