Flowscape Technology (FLOWS) Q2 2025 earnings summary

Executive summary

• Achieved fourth consecutive quarter of positive EBIT, with focus on growing recurring license revenues and operational efficiency.

• Strengthened sales organization, resulting in a 12% increase in annual recurring revenue (ARR) to 35.8 MSEK compared to 32.0 MSEK last year.

• New sales hires contributed to a quickly expanding pipeline and early customer wins.

Financial highlights

• Net revenue for H1 2025 was 22,418 TSEK, up from 20,811 TSEK year-over-year; Q2 revenue was 10,987 TSEK, up from 10,391 TSEK.

• EBITDA for H1 2025 reached 4,490 TSEK (375 TSEK last year); Q2 EBITDA was 2,165 TSEK (-212 TSEK last year).

• Net income after financial items for H1 2025 was 197 TSEK, compared to -3,764 TSEK last year; Q2 net income was 37 TSEK, up from -2,318 TSEK.

• Cash at period end was 8,400 TSEK, down from 10,720 TSEK at the start of the year.

• Cash flow for H1 2025 was -2,320 TSEK, an improvement from -3,194 TSEK last year.

Outlook and guidance

• Entering H2 with focus on increasing recurring revenues, enhanced sales capacity, and continued operational efficiency.

• Growth ambitions remain high despite a turbulent global market environment.