Sweden's Upsales Q4 net sales rise 10.8%, EBITDA margin up

Upsales Technology AB

18/02/2026 07:41

Overview

Sweden software firm's Q4 net sales grew 10.8% yr/yr

Q4 EBITDA margin rose to 25.7%, driven by efficiency gains

Company expects continued revenue growth acceleration in 2026

Outlook

Upsales expects revenue growth rates to increase throughout 2026

Company sees declining churn rates and strong commercial activity supporting growth

AI is seen as a major opportunity for Upsales, enhancing competitiveness

Result Drivers

REVENUE GROWTH - Upsales' Q4 revenue growth was driven by ARR increase and efficiency gains, with ARR reaching MSEK 153.0, up 7.8% yr/yr

AI OPPORTUNITY - AI is seen as the biggest opportunity in Upsales' history, enhancing product development and competitiveness

EUROPEAN ADVANTAGE - Upsales benefits from European shift away from US software providers due to data sovereignty concerns

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 40.40 mln
Q4 Net Income
SEK 5.80 mln
Q4 Cash Flow From Operating Activities
SEK 21.90 mln
Q4 EBIT
SEK 7.40 mln
Q4 EBITDA
SEK 10.40 mln
Q4 EBITDA Margin
25.70%


Analyst Coverage

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nMFN5NthKV

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)