Done.ai (DONE) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked the first quarter under the Done.ai name and new CEO, focusing on building an integrated AI-powered business platform.

• Pro forma Q1 2025 revenue, including acquisitions, reached MSEK 75.3 with adjusted EBITDA of MSEK 4.1, showing positive margin post-restructuring.

• Organic net sales grew 23% year-over-year, reflecting strong customer relationships and product relevance.

• Strategic acquisitions expanded capabilities across fintech, CRM, marketing, HRM, and professional services.

• SEK 23.50 per share dividend was distributed, funded by the ERP division sale.

Financial highlights

• Q1 2025 net sales: MSEK 9.7 (up 23% YoY, like-for-like).

• EBITDA: MSEK -15.0; operating profit (EBIT): MSEK -17.1; profit after tax: MSEK -17.9.

• Non-recurring expenses: MSEK 13.4; adjusted EBITDA: MSEK -1.6.

• Pro forma Q1 2025 (including acquisitions): net sales MSEK 75.3, adjusted EBITDA MSEK 4.1, margin 5.4%.

• Cash and cash equivalents at period end: MSEK 1,317.3; equity/assets ratio: 92.9%.

Outlook and guidance

• Three-phase strategy: build foundation via acquisitions, integrate and optimize with AI, then scale internationally.

• Embedded financial services to launch in H2 2025, leveraging partnerships and regulatory frameworks.

• Ongoing focus on margin expansion and breakeven for acquired businesses before full synergy realization.

• Directed share issue of at least SEK 70 million planned, underwritten by largest shareholder.