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TeamViewer
TeamViewer (TMV) investor relations material
TeamViewer 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
FY 2025 was a transitional year with the integration of 1E, strong enterprise momentum, and a focus on revitalizing SMB and global sales, while AI integration and the launch of TeamViewer One became key differentiators.
Achieved FY 2025 pro forma revenue of €767.5m, up 5% year-over-year in constant currency, meeting guidance with growth across all regions.
Adjusted EBITDA grew 8% to €340.3m, with a margin of 44.3%, reflecting strong profitability and a 2 percentage point improvement over 2024.
Enterprise ARR grew 19% year-over-year in constant currency, with new ARR doubling and strategic wins in DEX and Frontline, including the largest-ever deal.
1E business saw a turnaround in Q4 2025, with sequential ARR growth and key DEX contract wins.
Financial highlights
FY 2025 pro forma revenue: €767.5m (+5% cc yoy); ARR: €759.7m (+2% cc yoy).
Adjusted EBITDA: €340.3m (+8% yoy); margin: 44.3% (+2pp yoy).
Adjusted basic EPS increased 17% year-over-year to €1.23.
Q4 2025 revenue: €194.6m; Q4 Adjusted EBITDA margin: 45%.
Adjusted levered free cash flow for 2025 was €208.3m, with a cash conversion rate of 61%.
Outlook and guidance
FY 2026 revenue growth is guided at 0–3% in constant currency, with adjusted EBITDA margin expected around 43%.
Net leverage ratio targeted to improve to around 2.3x by year-end 2026.
Midterm outlook anticipates a re-acceleration to mid- to high-single-digit growth, with ARR uptick expected in 2027 and revenue growth following.
Bridge 2026 revenue guidance to mid-term growth
SMB revitalization plan: key actions and expected impact?
TeamViewer ONE/AI: commercial traction and revenue impact?
SMB ARR recovery drivers post H1 2026
DEX market competitive landscape evolution
Key milestones for midterm growth reacceleration
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Next TeamViewer earnings date
Q1 20266 May, 2026
TeamViewer
Next TeamViewer earnings date
Q1 20266 May, 2026
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Frequently asked questions
TeamViewer AG provides software solutions for remote connectivity, support, and collaboration. Its products include TeamViewer, which allows protec tion, monitor ing, control, and repair computers and other devices remotely; and QuickSupport that provides a method to provide on-demand remote assistance. TeamViewer AG was founded in 2005 and is headquartered in Göppingen, Germany.
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