Holdflight (HOLDFL) Q1 2026 earnings summary

Executive summary

• Revenue increased sequentially for three consecutive quarters, reaching 3.0 MSEK in Q1 2026, up from 1.4 MSEK in Q3 2025 and 2.0 MSEK in Q4 2025.

• Losses narrowed, with operating result improving from -1.8 MSEK in Q4 2025 to -1.3 MSEK in Q1 2026.

• Strategic focus on expanding commercial position, diversifying revenue streams, and building a scalable organization.

Financial highlights

• Net sales for Q1 2026 were 3.0 MSEK, up from 0.7 MSEK in Q1 2025.

• Operating result for Q1 2026 was -1.3 MSEK, compared to -0.5 MSEK in Q1 2025.

• Net result for Q1 2026 was -1.1 MSEK, versus -0.4 MSEK in Q1 2025.

• Earnings per share for Q1 2026 were -0.01 SEK, compared to -0.04 SEK in Q1 2025.

• Cash and cash equivalents at period end were 425 TSEK, down from 1,864 TSEK at Q1 2025.

Outlook and guidance

• Run rate at end of March 2026 indicates annualized revenue potential of approximately 12 MSEK.

• Continued focus on scaling up with strategic partners and expanding internationally, especially in France, Spain, and India.