Growens (GROW) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenues reached €20.9M, up 16.1% year-over-year, driven by strong growth in both SaaS and CPaaS segments.

• EBITDA surged 341% to €1.1M, reflecting improved margins and operational efficiency.

• Gross profit increased 13% to €5.4M, with a 26% margin on sales.

• Foreign revenues accounted for 77% of total sales, growing over 21% year-over-year.

Financial highlights

• SaaS revenues were €3.7M (18% of total), up 2.4% year-over-year; CPaaS revenues were €17.0M (82% of total), up 20.3%.

• EBT was at break-even (€11K), compared to a loss in Q1 2025.

• Net financial position as of March 31, 2026, was €10.2M cash, down from €11.2M at year-end 2025 due to seasonal factors.

Outlook and guidance

• Strategic focus for Beefree in 2026 includes AI-driven product development and enterprise expansion.

• Ongoing cost optimization and margin improvement initiatives are expected to continue.