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CodeMill (CDMIL) investor relations material

CodeMill Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary13 Feb, 2026

Executive summary

  • Focused on accelerating product growth, especially in the US, with digital services supporting product sales.

  • Recurring revenue continued to grow, but total revenue declined due to a shift from consulting to product-centric business and currency headwinds.

  • Market uncertainty from a failed takeover bid and industry turbulence impacted sales and results.

Financial highlights

  • Q4 net sales: 15,683 KSEK, down 32% year-over-year; full year: 67,185 KSEK, down 27%.

  • Recurring revenue run-rate: 46,123 KSEK, up 4% year-over-year.

  • Q4 EBIT: -248 KSEK (2,364 KSEK prior year); full year EBIT: 37 KSEK (10,892 KSEK prior year).

  • Q4 EBITDA: 3,824 KSEK (6,440 KSEK prior year); full year EBITDA: 15,639 KSEK (26,530 KSEK prior year).

  • Q4 net result: -325 KSEK (2,482 KSEK prior year); full year net result: -42 KSEK (10,937 KSEK prior year).

  • Cash flow from operations: 14,550 KSEK for the year (28,257 KSEK prior year).

  • Cash and cash equivalents: 28,744 KSEK at year-end (32,824 KSEK prior year).

Outlook and guidance

  • 2026 focus is to accelerate product growth after two years of transformation.

  • Increased development and commercialization pace expected.

Ateliere bid's sales impact quantification
Drivers for ARR growth slowdown
Product-near shift: future margin impact
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Frequently asked questions

CodeMill develops custom software solutions with a focus on media workflows, video editing interfaces, and content management systems. The company serves global media enterprises by offering tools that optimize content production, distribution, and compliance processes. CodeMill's services extend across sectors such as broadcasting, streaming, and content licensing. The company is headquartered in Umeå, Sweden, and its shares are listed on the Spotlight Stock Market.

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