Qbrick (QBRICK) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was 5.4 MSEK, down 25.6% year-over-year due to fewer production assignments, aligning with a strategic shift toward scalable SaaS revenue streams.

• EBITDA improved to -0.7 MSEK from -1.0 MSEK year-over-year, reflecting cost reductions and improved gross margin despite lower sales.

• Gross margin increased to 80.8% from 79.8% year-over-year, driven by a higher share of SaaS and lower direct production costs.

• Strategic partnerships and product launches, including with Bonnier News, GE HealthCare, and Align, support the transformation toward SaaS and AI-driven video solutions.

• The company continues to invest in its technical platform, focusing on AI-driven video and communication solutions.

Financial highlights

• Net sales for Q1 2026 were 5.4 MSEK, compared to 7.2 MSEK in Q1 2025.

• EBITDA for Q1 2026 was -0.7 MSEK, an improvement from -1.0 MSEK in Q1 2025.

• Gross margin rose to 80.8% from 79.8% year-over-year.

• Operating expenses decreased to 10.0 MSEK from 11.9 MSEK year-over-year.

• Cash position at quarter-end was 0.6 MSEK, down from 2.4 MSEK a year earlier.

Outlook and guidance

• The company expects the SaaS business and strategic partnerships to contribute more significantly to revenue from Q2 2026 onward.

• Focus remains on long-term scalability, technological development, and a stronger recurring revenue model.

• Anticipates continued cost discipline and execution of the transformation strategy to drive profitability in 2026.