CodeMill (CDMIL) Q1 2026 earnings summary

Executive summary

• ARR increased by 20% year-over-year to 52,148 KSEK, driven by new product sales and higher demand for session-based services.

• Net sales declined 17% year-over-year to 15,818 KSEK, mainly due to a strategic shift away from non-core volume assignments.

• EBIT for the quarter was 1,478 KSEK, up from 1,412 KSEK in the prior year.

• EBITDA margin remained stable at 27%.

• Cash flow from operating activities improved to 7,021 KSEK.

Financial highlights

• Net sales: 15,818 KSEK (down 17% year-over-year).

• ARR: 52,148 KSEK (up 20% year-over-year).

• EBIT: 1,478 KSEK (up from 1,412 KSEK year-over-year).

• EBITDA: 4,243 KSEK (margin 27%).

• Net income: 1,543 KSEK (up from 1,457 KSEK year-over-year).

• Cash and cash equivalents: 31,916 KSEK.

• Soliditet (equity ratio): 65%.

Outlook and guidance

• Positive customer validation for new AI initiatives and product launches at NAB show.

• Continued focus on scalable product business and recurring revenues.

• Customers express interest in integrating new AI solutions.