XMReality
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XMReality (XMR) investor relations material

XMReality 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 record-high EBITDA for both the quarter and full year, with the highest service usage since inception.

  • Positive cash flow generated in each of the last seven months, confirming sustainable profitability.

  • Service usage increased 42% year-over-year, with a 26% rise compared to the same quarter last year and 16% sequentially.

  • Focus for 2026 is on acquiring new customers and increasing usage among existing ones.

Financial highlights

  • Q4 net sales: 3,792 TSEK; full year: 15,392 TSEK (down from 17,025 TSEK year-over-year).

  • Q4 EBITDA: 1,256 TSEK (vs. -2,674 TSEK prior year); full year EBITDA: 2,690 TSEK (vs. -13,881 TSEK prior year).

  • Q4 cash flow: 22 TSEK; full year cash flow: -253 TSEK (improved from -1,343 TSEK prior year).

  • Q4 gross margin: 99% (up from 94% prior year).

  • Annual Recurring Revenue (ARR) at year-end: 13,413 TSEK, down from 14,624 TSEK previous quarter, mainly due to a terminated large license agreement.

  • Q4 net result: -388 TSEK; full year net result: -3,826 TSEK (vs. -23,282 TSEK prior year).

Outlook and guidance

  • Entering 2026 with a stable financial base and focus on reversing the downward ARR trend.

  • Short-term priority is closing ongoing deals and acquiring new customers in current segments.

  • Strategic initiatives planned to address churn and contract reductions for long-term ARR growth.

Strategy to reverse ARR decline
Expected impact of usage-based pricing
Initiatives to reduce churn and contraction
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Q1 202614 May, 2026
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Frequently asked questions

XMReality develops and sells solutions for knowledge sharing through augmented reality (AR). XMReality’s products provide companies with new opportunities to train, sell, and visualize their information and data. We provide companies with a completely new way of working by leveraging the existing skills of their own employees. Four differentiating factors have paved the way for XMReality to quickly gain market recognition: the company’s focus on knowledge sharing which breaks the boundaries between schools, trade shows and corporate training sessions; its focus on the target group, representing a key group within any business organization; the intuitive use and focus on usability; and collaboration with an established global partner during development.

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