Vertiseit (VERT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 rose 18.6% year-over-year to 199.3 MSEK, driven by organic growth and the Scala acquisition.

• Annual Recurring Revenue (ARR) reached 440.0 MSEK, up 52.3% year-over-year at constant exchange rates.

• Adjusted EBITDA improved to 36.7 MSEK (18.4% margin), reflecting higher profitability and operational leverage.

• Scala acquisition finalized June 1, 2026, expanding global reach, especially in North America, and adding significant SaaS conversion potential.

• Profit for the quarter was -18.3 MSEK, impacted by 28.7 MSEK in non-recurring acquisition and integration costs.

Financial highlights

• SaaS revenue for Q2 2026 increased by 24.7 MSEK to 97.8 MSEK, up 33.8% year-over-year.

• Gross margin improved to 64.8% from 62.7% in Q2 2025.

• Cash EBITDA for the quarter was 29.0 MSEK (14.6% margin), up from 13.5 MSEK (8.0%) a year earlier.

• Adjusted EBITDA margin improved to 18.4% (Q2 2025: 12.9%).

• Scala contributed 10.6 MSEK in net sales and 2.2 MSEK in profit for the period post-acquisition.

Outlook and guidance

• Management expects Scala integration costs are now largely addressed, supporting future margin expansion.

• The acquisition of Scala is anticipated to contribute profitability in line with the long-term target of a 35% Cash EBITDA margin, with synergies expected to be fully realized during 2026.

• Expansion in North America and planned entry into the Asia-Pacific region are expected to drive further growth.

• Long-term goal to reach SEK 1 billion in ARR by 2032, with 35% cash EBITDA margin.

• Annual ARR growth target above 20% and cash EBITDA per share growth of at least 25%.