Qbrick (QBRICK) Q3 2025 earnings summary

Executive summary

• Achieved 13% year-over-year revenue growth in Q3 2025, reaching 6.1 MSEK, driven by increased production assignments.

• Strategic investments in new business areas and product development temporarily impacted profitability.

• Launched Qbrick Education and signed key agreements with Apoteket AB and initiated strategic partnership talks with Bonnier News AB.

• Maintained a strong financial position with 58.3% equity ratio, supporting future expansion.

Financial highlights

• Q3 2025 revenue: 6.1 MSEK (up 13% YoY); nine-month revenue: 21.1 MSEK (up 10% YoY).

• Q3 EBITDA: -0.7 MSEK (Q3 2024: 0.1 MSEK); EBIT: -3.1 MSEK (Q3 2024: -2.4 MSEK).

• Gross margin for Q3: 72.7% (Q3 2024: 80.2%); nine-month gross margin: 76.8% (2024: 81.4%).

• Cash at period end: 0.7 MSEK (Q3 2024: 2.1 MSEK); equity at period end: 17.0 MSEK (Q3 2024: 22.8 MSEK).

• Result per share Q3: -0.04 kr (Q3 2024: -0.03 kr); nine months: -0.10 kr (2024: -0.12 kr).

Outlook and guidance

• Cost-saving program initiated, expected to improve profitability and cash flow from Q1 2026.

• Lower cost base and higher operational leverage anticipated in Q4 2025.

• Qbrick Education and Investor Relations business areas expected to drive growth from 2026.