Hypoport (HYQ) Q1 2026 earnings summary

Executive summary

• Revenue grew 6% year-over-year to €169 million in Q1 2026, with all segments contributing to growth.

• Gross profit increased 8% to €71 million, and EBIT surged 40% to €12.1 million, reflecting improved operational efficiency.

• Net profit attributable to shareholders rose 42% to €7.8 million, with EPS up 44% to €1.18.

• Mortgage finance transaction volumes remained stable compared to Q1 2025, despite a volatile geopolitical environment.

• Housing sector and corporate finance business models started 2026 strongly, with significant gains in market share and digital platform adoption.

Financial highlights

• Revenue: €169.3 million (+6% YoY); Gross profit: €71.0 million (+8% YoY).

• EBIT: €12.1 million (+40% YoY); EBITDA: €20.3 million (+16% YoY).

• Net profit: €8.0 million (+34% YoY); EPS: €1.18 (+44% YoY).

• Equity ratio improved to 55.2% from 54.9% at year-end 2025.

• Cash and cash equivalents increased to €104 million from €92 million at year-end 2025.

Outlook and guidance

• Full-year 2026 guidance reaffirmed: at least €280 million gross profit and €40–55 million EBIT.

• Management expects strong Q4 EBIT contribution due to seasonality; Q2 and Q3 likely to be softer.

• Forecasts for 2026: gross profit to reach at least €280 million and EBIT between €40–55 million.

• Guidance for 2026–2029 includes doubling the EBIT gross profit margin versus 2025 and continued gross profit growth.

• Geopolitical volatility could impact results positively or negatively.