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Remedy
Remedy (REMEDY) investor relations material
Remedy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary10 Feb, 2026
Executive summary
Q4 2025 revenue reached €17.0 million, up 46.3% year-over-year, with EBITDA at €3.9 million and EBIT at €0.7 million, marking a return to profitability for the quarter.
Full year 2025 revenue was €59.5 million, a 17.5% increase from 2024, with EBITDA at €11.3 million but EBIT at -€14.9 million due to a €14.9 million non-cash impairment for FBC: Firebreak.
Transitioned to a self-publishing model, securing full rights to the CONTROL franchise and announcing CONTROL Resonant for 2026.
CEO and chairman transitions occurred in Q4 2025, with Markus Mäki as interim CEO, Henri Österlund as chairman, and Jean-Charles Gaudechon appointed CEO from March 2026.
45% of annual revenue came from game sales and royalties, reflecting a strategic shift toward self-publishing.
Financial highlights
Q4 2025 EBITDA improved by €4.4 million year-over-year, and EBIT improved by €2.1 million.
Full year operating profit was -€14.9 million, impacted by a non-cash impairment for FBC: Firebreak.
EBITDA margin for 2025 improved to 19.1%; Q4 EBITDA margin was 22.7%.
Cash flow for the year was €4.5 million positive, but cash position declined to €29.4 million due to investments in IP and share buybacks.
Cash and cash equivalents at year-end were €18.8 million.
Outlook and guidance
2026 revenue and EBITDA are expected to increase from 2025, with CONTROL Resonant's launch being a key driver.
Major marketing investments planned for CONTROL Resonant ahead of its 2026 launch, expected to impact near-term profitability.
Strategic targets for 2027 include doubling 2024 revenue and achieving a 30% EBITDA margin.
How will self-publishing impact 2027 targets?
How does Remedy maintain one game per year cadence?
What influenced Control Resonant's genre changes?
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Q1 20265 May, 2026
Remedy
Next Remedy earnings date
Q1 20265 May, 2026
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Frequently asked questions
Remedy Entertainment Oyj, a game development company, develops and sells computer and console games. The company offers Control, a third-person action-adventure video game; Quantum Break, which is an entertainment experience that combines intense action with a suspenseful storyline; Alan Wake, a psychological thriller; and Alan Wake’s American Nightmare. It has a license agreement with Remedy for the use of the name HMD for mobile gaming helmets. The company serves customers in Finland, North America, Europe, China, Japan and other Asian countries.
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