XMReality (XMR) Q1 2026 earnings summary

Executive summary

• Achieved strong EBITDA of 1,149 TSEK, up from 465 TSEK year-over-year for Q1 2026, with a significant increase in new customer contracts and usage levels reaching all-time highs.

• Signed nearly twice as many new contracts as the same quarter last year, with notable agreements in both the US and Europe.

• Product enhancements, including Managed Cloud Storage and Microsoft Dynamics 365 integration, expanded the addressable market and improved customer value.

Financial highlights

• Net sales for Q1 2026 were 3,288 TSEK, down from 3,976 TSEK year-over-year.

• EBITDA improved to 1,149 TSEK from 465 TSEK year-over-year; gross margin remained high at 99%.

• Annual Recurring Revenue (ARR) at quarter-end was 13,044 TSEK, a decrease from 13,413 TSEK in the previous quarter, mainly due to currency effects and changes in a few large contracts.

• Cash flow for the period was 186 TSEK, compared to 714 TSEK in Q1 2025.

• Equity ratio at period-end was 42.5%, up from 35.1% year-over-year.

Outlook and guidance

• The company continues to meet its goal of generating positive cash flow, with management optimistic about future growth due to increased customer acquisition and product innovation.