Vertiseit
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Vertiseit (VERT) investor relations material

Vertiseit 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 summary12 Feb, 2026

Executive summary

  • Achieved 27% year-over-year ARR growth, reaching 332 MSEK by year-end 2025, with 16% organic growth, surpassing financial targets.

  • Profitability for H2 reached 20% EBITDA, with Q4 adjusted EBITDA margin at 17.8% and 33.1 MSEK, in line with guidance.

  • Completed strategic acquisitions of Muse, Stoked AI, and mdt Medientechnik GmbH, enhancing AI capabilities and expanding into in-store audio and the DACH region.

  • High inflow of international leads and ongoing evaluation to relist on Nasdaq Main Market.

  • Profit after tax for Q4 was 6.7 MSEK, and for the full year 6.0 MSEK, both down from the previous year.

Financial highlights

  • ARR at year-end: 332 MSEK, with net revenue retention above 108% and churn rate at 3%.

  • Q4 net revenue was 186.3 MSEK, down 8% year-over-year due to a strategic shift from system sales to partner hardware delivery.

  • SaaS gross margin reached 84.9%; Q4 gross margin was 65.9%.

  • One-off costs of 5 MSEK impacted reported profitability, but underlying EBITDA was stronger.

  • Personnel costs rose 10% year-over-year, mainly due to acquisitions and extraordinary costs.

Outlook and guidance

  • Focus remains on continued ARR and SaaS revenue growth, operational efficiency, and profitability improvement.

  • Expecting stronger growth in 2026, with Q1 and Q2 typically weaker and Q3 strongest for profitability.

  • Ongoing M&A activity and evaluation of a potential transfer to Nasdaq Main Market.

  • No dividend proposed for 2025, in line with financial targets.

  • No change in acquisition strategy: plan to continue 2–4 acquisitions per year alongside 15–20% organic growth.

Muse/Stoked AI impact on ARPA/ARPL trends
Revenue mix impact on 35% Cash EBITDA target
AI/In-store Audio contribution to 1B ARR target
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Frequently asked questions

Vertiseit AB operates as a digital signage provider in Sweden. It offers stand screens and panels with cameras, Android tablets, touch screens, interactive kiosks and totems, as well as sell-shelf solutions for retail markets under the Vertiseit name. The company also provides data integration services, media player applications, content management system software, interactive application development source codes, digital signage application source codes, mobile ad-hoc network solutions, wireless network monitoring systems, support and maintenance services.

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