MoveByBike (MBBAB) Q1 2026 earnings summary

Executive summary

• Q1 2026 showed operational contrasts, with a weak start but a strong finish, especially in March, which was the best March in company history for volumes and operational stability, particularly in Stockholm.

• Organizational and process improvements were implemented, including leadership strengthening and a shift toward AI-driven operations, resulting in improved efficiency and scalability.

• The company secured significant new financing and strategic partnerships, including a major contract with Airmee and a full subscription of a warrant program.

Financial highlights

• Net revenue for Q1 2026 was 9,530 TSEK, up from 6,929 TSEK year-over-year.

• Net loss after tax was -5,770 TSEK, an improvement from -6,345 TSEK in Q1 2025.

• EBITDA for the quarter was -5,166 TSEK, compared to -5,038 TSEK in Q1 2025.

• Cash and bank balances at quarter-end were 6,177 TSEK, up from 1,101 TSEK a year earlier.

• Equity at quarter-end was -5,418 TSEK, improved from -21,144 TSEK at the same time last year.

Outlook and guidance

• Continued positive momentum is expected, with improved operational stability and a scalable structure supporting further growth.

• The expanded partnership with Airmee is anticipated to drive significant annual revenue (27–35 MSEK) and volume growth.