Hypoport (HYQ) Q1 2026 earnings summary

Executive summary

• Achieved profitable growth across all segments in Q1 2026, with group EBIT up 40% year-over-year and gross profit up 8%.

• Revenue grew 6% year-over-year to €169 million in Q1 2026, with all segments contributing to growth.

• Net profit attributable to shareholders rose 42% to €7.8 million, with EPS up 44% to €1.18.

• The group remains on track to achieve record gross profit and EBIT for the full year, confirming guidance.

• Mortgage finance transaction volumes remained stable compared to Q1 2025, despite a volatile geopolitical environment.

Financial highlights

• Group revenue rose 6% to €169 million, gross profit increased 8% to €71 million, and EBIT surged 40% to €12.1 million year-over-year.

• EBITDA grew 16% to €20.3 million compared to Q1 2025.

• Net profit: €8.0 million (+34% YoY); EPS: €1.18 (+44% YoY).

• Equity ratio improved to 55.2% from 54.9% at year-end 2025.

• Cash and cash equivalents increased to €104 million from €92 million at year-end 2025.

Outlook and guidance

• Forecasts for 2026: gross profit to reach at least €280 million and EBIT between €40–55 million.

• Guidance for 2026–2029 includes doubling the EBIT gross profit margin versus 2025 and continued gross profit growth.

• Management expects strong Q4 EBIT contribution due to seasonality; Q2 and Q3 likely to be softer.

• Key drivers for 2026 EBIT target: loss reduction in specific platforms, market share gains, and market growth, especially in mortgage finance.

• Geopolitical volatility could impact results positively or negatively.