Railway Metrics and Dynamics (RMDX) Q2 2026 earnings summary

Executive summary

• Demand for solutions increased, with more customer dialogues, product demos, and quote requests, indicating strong market interest.

• Key milestones included a significant order for 25 PMU units and 2 PMU:C, and the first pre-series delivery of PMU:C to Trafikverket.

• The company transitioned from start-up to scale-up, expanding its engineering team and deepening customer relationships.

Financial highlights

• Net sales for Q2 2026 were 812 TSEK, up from 740 TSEK in Q2 2025, all from recurring rental income.

• EBIT for Q2 2026 was -1,734 TSEK (Q2 2025: -1,012 TSEK); EBITDA was -1,520 TSEK (Q2 2025: -990 TSEK).

• Cash flow from operations was -2,791 TSEK (Q2 2025: 7,331 TSEK); period cash flow was -5,631 TSEK (Q2 2025: 3,177 TSEK).

• Cash and cash equivalents at period end were 1,636 TSEK (Q2 2025: 3,838 TSEK).

• Result per share was -0.03 SEK, unchanged from Q2 2025.

Outlook and guidance

• Multiple business opportunities identified, with several pilot projects expected to start in Q1 2027 and full-scale deliveries targeted for Q4 2027.

• Continued focus on serial deliveries and expanding commercial offerings in coming quarters.

• Ongoing evaluation of financing options for working capital, production, and expansion.