Done.ai (DONE) Q2 2025 earnings summary

Executive summary

• Achieved pro forma Q2 2025 net sales of SEK 101.1 million, reflecting the scale post-acquisitions.

• Organic net sales increased 19% year-over-year, excluding divested ERP division and acquisitions.

• Reported Q2 2025 net sales were SEK 60.6 million, with adjusted EBITDA at SEK -2.6 million due to integration and platform investments.

• Strategic acquisitions and integration efforts are accelerating, forming a unified AI-driven business platform.

Financial highlights

• Pro forma Q2 2025 adjusted EBITDA was SEK 5.3 million (5% margin), excluding non-recurring items.

• Reported Q2 2025 EBITDA was SEK -30.0 million; operating profit (EBIT) was SEK -40.8 million.

• Non-recurring expenses of SEK 27.3 million related to the 2024 ERP division divestment.

• Profit after tax for Q2 2025 was SEK -44.4 million; earnings per share SEK -0.63.

• Cash and cash equivalents at Q2 end were SEK 156.7 million.

Outlook and guidance

• Fintech division expected to contribute meaningfully to revenue from 2026.

• Integration of acquisitions and platform investments to drive margin expansion and recurring cash flow over the next 12–18 months.

• Continued disciplined M&A and international expansion planned through 2025 and 2026.