Zaplox (ZAPLOX) Q3 2025 earnings summary

Executive summary

• Q3 2025 marked by continued transition to a more cost-efficient and focused organization, resulting in improved financials and operational performance.

• Steps taken toward profitability, with a clear goal to achieve positive cash flow in Q4 2025.

• Partner strategy sharpened and US office closure underway to streamline operations.

Financial highlights

• Net sales for Q3 2025 were 4,856 TSEK, nearly flat year-over-year; ARR grew 9% to 17,916 TSEK.

• Gross margin improved to 92% from 91% in Q3 2024.

• Result after financial items improved to -2,167 TSEK from -3,732 TSEK year-over-year.

• Cash flow from operations improved to -1,567 TSEK from -4,711 TSEK in Q3 2024.

• Liquidity at period end was 1,661 TSEK, down from 14,862 TSEK a year earlier.

Outlook and guidance

• Targeting positive cash flow in Q4 2025, supported by cost reductions and operational efficiency.

• Ongoing organizational changes and partner strategy expected to drive long-term profitable growth.