GiG Software (GIG) Q4 2025 earnings summary

Executive summary

• FY 2025 revenue grew 18% year-over-year to €37.6 million, with Q4 revenue up 8% to €9.5 million.

• Adjusted EBITDA improved by €7.3 million year-over-year to €4.3 million, with Q4 adjusted EBITDA at €1.5 million.

• Sixteen brand launches in 2025, with 5–6 in Q4 and several new commercial agreements signed, including a major UK partnership.

• Ended 2025 with €9.9 million in cash, supporting ongoing investment and growth, and on track for €4.5 million annualized cost savings by Q2 2026.

• Cost optimisation and operational discipline drove margin expansion and improved profitability.

Financial highlights

• Q4 2025 revenue: €9.5 million (up 8% YoY); FY 2025 revenue: €37.6 million (up 18% YoY).

• Q4 2025 adjusted EBITDA: €1.5 million (margin 15%); FY 2025 adjusted EBITDA: €4.3 million (margin 11%).

• Cost base reduced by €1.5 million year-over-year to €31.5 million.

• Gross profit margin stable at 95% for both Q4 and FY 2025.

• ARR increased 10% year-over-year to €36.7 million at the start of 2026.

Outlook and guidance

• FY 2026 revenue guidance set at €44–48 million and adjusted EBITDA at €10–13 million, with EBITDA margin at least 20%.

• Targeting cash flow generation by end of H1 2026, supported by €4.5 million annualized cost savings.

• 12–14 brand launches planned for 2026, with over 60% already commercially agreed and €7 million revenue expected from 2025 launches.

• 90% of 2026 revenue underpinned by commercial agreements.

• Mid-term outlook unchanged; expects further growth accelerating from H2 2026.