Checkin.com (CHECK) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 declined 24% year-over-year to 14,374 KSEK, mainly due to weaker performance in Travel and iGaming verticals.

• Gross margin improved to 74% from 70% last year, despite lower revenues.

• EBITDA margin rose to 29% from 12% year-over-year, driven by cost reductions.

• Operating result (EBIT) was -2,649 KSEK, an improvement from -6,295 KSEK in Q1 2025.

• New CEO Arif Rehman started April 27, 2026, emphasizing commercial discipline and focus.

Financial highlights

• Net revenue: 14,374 KSEK (down from 18,826 KSEK in Q1 2025).

• Gross profit: 10,611 KSEK (margin 74%).

• EBITDA: 4,141 KSEK (margin 29%).

• Operating result (EBIT): -2,649 KSEK.

• Net result: -2,724 KSEK.

• Cash flow from operations: 7,475 KSEK.

• Cash and cash equivalents: 15,383 KSEK at period end.

Outlook and guidance

• CEO signals a shift to a more focused product portfolio and commercial discipline.

• Emphasis on sustainable growth and strengthening the commercial team.

• Market for regulatory identity verification in Europe continues to grow, providing structural tailwinds.