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Qualisys
Qualisys (QSYS) investor relations material
Qualisys Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary15 May, 2026
Executive summary
Net sales for Q1 2026 were SEK 40.0 million, a 32.2% decrease year-over-year, reflecting a challenging macroeconomic environment and delayed projects, especially in EMEA.
Operating profit (EBIT) was SEK -3.6 million, down from SEK 5.6 million in Q1 2025, with adjusted EBIT also at SEK -3.6 million.
Gross margin remained stable at 68.3% despite lower volumes, and the cash position was strong at SEK 61.0 million at quarter-end.
Order intake was flat year-over-year, and the order backlog increased, supporting confidence for the remainder of 2026.
The launch of OnTraq, a markerless motion capture solution, marked a strategic entry into elite sports, with positive early adoption.
Financial highlights
Net sales: SEK 40.0 million (Q1 2025: SEK 59.0 million), down 32.2% year-over-year.
Operating profit (EBIT): SEK -3.6 million (Q1 2025: SEK 5.6 million).
Adjusted EBIT: SEK -3.6 million (Q1 2025: SEK 7.0 million).
Net profit: SEK -3.6 million (Q1 2025: SEK 1.2 million).
Earnings per share: SEK -0.36 (Q1 2025: SEK 0.12).
Gross margin: 68.3% (Q1 2025: 69.3%).
Cash flow from operating activities: SEK 2.2 million (Q1 2025: SEK -0.4 million).
Cash and cash equivalents: SEK 61.0 million as of March 31, 2026.
Outlook and guidance
Medium-term targets remain at 15% annual growth and 20% EBIT margin over a business cycle.
Achieving 2026 growth targets requires a strong second half, supported by a growing order backlog and improving regional momentum.
The second half of the year is typically the strongest period.
OnTraq pilot conversion to subscription revenue
Recovery timeline for delayed EMEA projects
Volume required to reach 20% EBIT margin
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Latest events from Qualisys
- Q4 delivered strong sales and profit growth, with OnTraq launched and a stable dividend proposed.QSYS
Q4 202525 Feb 2026 - Q3 sales and EBIT declined, but full-year targets remain within reach amid new product launches.QSYSQ3 202513 Nov 2025
- Q2 2025 delivered sales growth and strategic expansion, despite lower EBIT and net profit.QSYSQ2 202514 Aug 2025
- Q4 sales surged 38% and order intake hit record highs, supporting a robust 2025 outlook.QSYSQ4 20246 Jun 2025
- Q1 2025 sales up 19.8% and adjusted EBIT margin at 11.9% after successful IPO.QSYSQ1 20256 Jun 2025
Next Qualisys earnings date
Q2 202626 Aug, 2026
Qualisys
Next Qualisys earnings date
Q2 202626 Aug, 2026
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@theshortbearx.com
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