FlexQube (FLEXQ) Q1 2026 earnings summary

Executive summary

• Achieved record order intake of 158.8 MSEK, up 640% year-over-year, driven by major U.S. e-commerce and logistics customer orders.

• Net sales rose 90% to 55.9 MSEK, with strong growth in robot and modular logistics solutions.

• EBITDA turned positive at 2.8 MSEK (from -4.1 MSEK), and EBIT improved to 1.0 MSEK (from -6.2 MSEK).

• Cash flow from operating activities was 10.2 MSEK, supporting a cash position of 44.9 MSEK at quarter-end.

• Order book exceeded 210 MSEK by end of April, providing strong visibility for coming quarters.

Financial highlights

• Order intake: 158.8 MSEK (21.5 MSEK), +640% year-over-year.

• Net sales: 55.9 MSEK (29.4 MSEK), +90% year-over-year.

• EBITDA: 2.8 MSEK (-4.1 MSEK); EBIT: 1.0 MSEK (-6.2 MSEK).

• Net income: -0.1 MSEK (-6.7 MSEK); EPS: 0.0 SEK (-0.5 SEK).

• Cash flow for the period: 9.4 MSEK (-13.9 MSEK); cash and equivalents: 44.9 MSEK (19.4 MSEK).

Outlook and guidance

• Strong momentum expected to continue through 2026, with a robust project pipeline and focus on U.S. market expansion.

• Anticipates further volume from framework agreements and ongoing large-scale U.S. projects.

• Confident in leveraging AI and automation trends for future growth.