Vertiseit (VERT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 increased by 18.6% year-over-year to 199.3 MSEK, driven by both organic growth and the acquisition of Scala, which was consolidated from June 1, 2026.

• Annual Recurring Revenue (ARR) reached 440.0 MSEK at quarter-end, up 52.3% year-over-year in constant currency, with organic ARR growth of 2.9% sequentially.

• Adjusted EBITDA rose to 36.7 MSEK (18.4% margin), up from 21.6 MSEK (12.9%) last year, reflecting improved profitability.

• Period result was -18.3 MSEK, impacted by one-time acquisition and integration costs of 28.7 MSEK related to Scala.

• Free cash flow for the quarter was 18.9 MSEK, with available liquidity of 151.8 MSEK at period-end.

Financial highlights

• SaaS revenues for Q2 2026 increased by 24.7 MSEK to 97.8 MSEK, up 33.8% year-over-year.

• Gross margin improved to 64.8% (from 62.7% last year).

• Cash EBITDA for the quarter was 29.0 MSEK (14.6% margin), up from 13.5 MSEK (8.0%).

• Earnings per share (EPS) before and after dilution was -0.57 SEK (-0.56 SEK last year).

• Net debt (excluding leasing) increased to 261.1 MSEK (119.0 MSEK last year), and equity ratio was 56.8% (63.3%).

Outlook and guidance

• Management expects continued positive margin development as integration costs for Scala are now largely handled.

• The acquisition of Scala is expected to provide significant strategic value, especially in North America and APAC, and to contribute to scalable growth.

• Long-term financial targets include ARR exceeding 1,000 MSEK and Cash EBITDA margin above 35% by 2032.