SmartCraft (SMCRT) Q1 2026 earnings summary

Executive summary

• Achieved strong Q1 2026 performance with ARR of SEK 504.1 million, up 7.3% organically year-over-year, improved churn at 8.3%, and operational cash flow growth of 35.2% YoY.

• Adjusted EBITDA margin improved to 36.6%, with continued investments in AI integration and product development.

• Successfully relisted on Nasdaq Stockholm in March 2026, increasing share liquidity and shareholder base.

• New CFO and EVP for HVAC & Plumbing appointed to strengthen leadership.

Financial highlights

• Q1 2026 revenue reached SEK 136.2 million, a 3.1% increase year-over-year, with recurring revenue share at 96.3%.

• Adjusted EBITDA margin improved to 36.6%, and adjusted EBITDA minus CapEx margin reached 29.6%.

• Operational cash flow rose to SEK 72.7 million, up 35.2% year-over-year.

• Equity ratio at 73%; group remains net cash positive with cash and cash equivalents at SEK 117.4 million.

• Net profit for the quarter was SEK 24.2 million, with EPS of SEK 0.15.

Outlook and guidance

• Medium-term target of 15–20% organic growth with margin expansion, focusing on operational discipline, product maturity, and AI investment.

• Expect recurring revenue share to remain in the mid-high nineties.

• Well positioned to accelerate growth as market conditions improve.