YOC (YOC) Q4 2025 earnings summary

Executive summary

• Revenue grew 6% year-over-year to €37.1m, driven by strong international growth (+16%), while domestic revenue declined 1% amid a challenging German market.

• Gross profit margin fell by 4.9 percentage points to 42.4%, the first decline in over a decade, due to higher rebates, increased external service costs, and one-off platform investments.

• EBITDA dropped 54% to €2.4m, impacted by margin pressures, negative FX effects, and increased operating costs.

• Net income turned negative at -€0.4m (prior year: €3.7m), with diluted EPS at -€0.12.

• Despite earnings shortfall, operating cash flow remained strong at €3.8m, and cash reserves increased to €4.1m.

Financial highlights

• Revenue: €37.1m (+6% YoY); international revenue €17.7m (+16%), domestic €19.5m (-1%).

• Gross profit margin: 42.4% (down from 47.3%).

• EBITDA: €2.4m (down from €5.2m); EBITDA margin: 6.4% (down from 14.8%).

• Net income: -€0.4m (prior year: €3.7m); diluted EPS: -€0.12.

• Operating cash flow: €3.8m (prior year: €4.1m); cash and equivalents: €4.1m.

• Equity ratio: 33.1% (down from 35.2%).

Outlook and guidance

• 2026 revenue expected at €39–41m, EBITDA €3.0–4.5m, net income €0.0–1.5m.

• Gross profit margin forecast to improve to 43–46% on efficiency and pricing initiatives.

• Continued investment in technology, AI, and international expansion planned.