Cloud Technologies (CLD) Q2 2026 earnings summary

Executive summary

• Achieved record revenue and EBITDA in both Q2 and H1 2026, driven by strong data monetization growth and operational leverage.

• Net profit turned positive, with significant YoY improvement supported by favorable FX differences.

• Launched a new strategy and Data Curation product, contributing to dynamic growth.

• Best-ever Q2 and H1 results in data sales, with Q2 data sales revenue up 60.1% YoY.

Financial highlights

• Q2 2026 total revenue reached 18.2 PLN M (+53.8% YoY); H1 2026 revenue was 30.8 PLN M (+36.4% YoY).

• Data monetization revenue in Q2 2026 was 18.1 PLN M (+60.1% YoY, +64.2% in USD); H1 2026 was 30.5 PLN M (+43% YoY, +52% in USD).

• Adjusted EBITDA in Q2 2026 was 10.4 PLN M (+99.4% YoY, margin 57.3%); H1 2026 EBITDA was 16.0 PLN M (+68.1% YoY, margin 51.8%).

• Net profit in Q2 2026 was 6.5 PLN M (vs. -0.4 PLN M in Q2 2025); H1 2026 net profit was 8.2 PLN M (vs. -0.5 PLN M in H1 2025).

• Cash and equivalents at Q2 2026 end were 9.6 PLN M, up 0.3 PLN M from Q1 2026, despite a 4.8 PLN M dividend payout.

Outlook and guidance

• Dynamic growth in data monetization expected to continue, supported by the new strategy and product launches.

• The 2026+ strategy targets organic and acquisition-driven data sales growth, R&D investment, regular dividends (~20% of adjusted EBITDA), and a shift from white-label to own-brand sales.

• Management expects data sales to reach $16–18 mln in 2026 and $18–24 mln in 2027.

• Data Curation contributed 13% of Q2 2026 data sales and is expected to be a key growth driver.