BIMobject (BIM) Q4 2025 earnings summary

Executive summary

• New CEO Niklas Agevik appointed, bringing experience in business transformation, with commencement in February 2026.

• Q4 2025 saw flat net sales at MSEK 43.5, but turnover and ARR growth improved, with ARR in constant currencies reaching MSEK 141.1, up 8% year-over-year.

• Strategic focus on expanding the Connect offering, developing a central data platform, and establishing key partnerships such as SEG and Carl Ras.

• Recurring revenue accounted for 82% of Q4 net sales, growing 3% year-over-year and 9% adjusted for currency.

• Achieved 1 million new registered users in under 11 months.

Financial highlights

• ARR growth improved to 8% in Q4, with annualized growth at 14%.

• EBITDA for Q4 was MSEK -9.9, down from MSEK -3.8 in Q4 2024, reflecting increased investment in product development.

• Net income for Q4 was SEK -12.6 million; earnings per share for Q4 were SEK -0.09.

• Cash position at quarter-end was MSEK 153.6.

• Full-year EBITDA was MSEK -55.5, compared to MSEK -15.6 in 2024.

Outlook and guidance

• Continued investment in new products, especially the Connect offering and data service platform, with initial market focus on the Nordics and US.

• Management aims to maintain positive growth momentum and accelerate customer acquisition.

• Ongoing platform development with no fixed completion date as enhancements are continuous.