GomSpace Group (GOMX) Q1 2026 TU earnings summary

Executive summary

• Revenue increased 43% year-over-year in Q1 2026, reaching SEK 125–126.7 million, with EBITDA margin at 9%.

• Net profit was SEK 20–20.2 million, including SEK 13 million from shares received as collateral for a receivable.

• Strong cash position at SEK 226–226.9 million, supported by a EUR 7 million loan facility drawdown.

• Negative free cash flow due to increased investments in scaling, R&D, and production capacity.

• Strategic focus on end-to-end solutions, multi-year constellation contracts, expansion into deep space and lunar missions, and a Ukraine joint venture.

Financial highlights

• Q1 2026 revenue rose 43% to SEK 125–126.7 million from SEK 88.8 million in Q1 2025.

• EBITDA was SEK 11–11.2 million, representing a 9% margin.

• Net profit reached SEK 20–20.2 million, with SEK 13 million attributed to shares received as collateral.

• Cash balance stood at SEK 226–226.9 million after drawing SEK 70 million from a loan facility.

• Order intake more than doubled to SEK 116.99 million, a 104% increase year-over-year.

Outlook and guidance

• 2026 revenue guidance: SEK 540–650 million, targeting ~30% growth, double the market rate.

• Profitability expected to remain in the 5%–12% EBITDA margin range.

• Continued negative free cash flow anticipated due to investments in R&D, production, and testing facilities.

• Growth and profitability expected to improve, supported by a strong order backlog and sustained demand.

• No change in strategic direction; focus remains on scaling and capturing market opportunities.