Briox (BRIX) Q3 2025 earnings summary

Executive summary

• Customer base grew 79% year-over-year to 14,731, driven by new partner agreements in Finland and the launch in Sweden.

• Annual Recurring Revenue (ARR) increased 45% year-over-year to 30.3 MSEK.

• Net sales for Q3 2025 rose 25% year-over-year to 4,013 Tkr.

• Acquisition of AI company behind Lerry & Lennart, and a 30 MSEK directed share issue completed.

• Partnership with Accountec to launch Lerry.ai to 400 accounting firms.

Financial highlights

• Q3 2025 net sales: 4,013 Tkr (3,200 Tkr in Q3 2024), up 25% year-over-year.

• Q3 2025 EBITDA: -1,885 Tkr (-3,013 Tkr in Q3 2024), showing improved loss.

• Q3 2025 pre-tax result: -5,342 Tkr (-5,896 Tkr in Q3 2024).

• Cash flow from operations in Q3: -2,702 Tkr (-4,567 Tkr in Q3 2024).

• January–September 2025 net sales: 11,503 Tkr (9,458 Tkr in 2024), EBITDA: -7,621 Tkr (-10,494 Tkr in 2024).

Outlook and guidance

• Management expects continued strong growth, aiming for faster customer acquisition and improved conversion of partner agreements to revenue.

• Focus on leveraging AI solutions and new partnerships to accelerate market penetration.