Upsales Technology AB (publ) on Thursday issued preliminary financials for the second quarter of 2026, reporting revenue growth and stronger profit margins compared with the prior year.
Net sales for the quarter came in at approximately 41.4 million Swedish kronor, representing a year-on-year increase of about 10.7%.
On a pro forma basis - which removes costs associated with Aira and extraordinary expenses tied to the spin-off - the company said its EBITDA margin reached roughly 36-38%. That outcome surpasses Upsales Technology’s earlier guidance level of 35%.
The company noted that Aira remained a part of Upsales until the Lex ASEA dividend in mid-May 2026; the pro forma presentation excludes the related costs so as to provide a clearer view of underlying operating profitability.
Annual Recurring Revenue (ARR) increased by approximately 1.1 million Swedish kronor compared with the first quarter of 2026, reaching about 154.0 million Swedish kronor.
"I’m pleased to see a very strong margin this quarter and continued double-digit revenue growth. It’s also good to see ARR growing again after being flat quarter-on-quarter in Q1. Going into Q3, churn is lower and we have a good chance of accelerating growth." - Daniel Wikberg, CEO
The company emphasized that these figures are preliminary. Full and final financial information for the second quarter will be disclosed in Upsales’ interim report, scheduled for publication on July 22, 2026.
Context and implications
The preliminary results indicate continued top-line expansion and an improvement in pro forma profitability after adjusting for Aira-related and spin-off costs. The ARR increase suggests recurring revenue momentum resumed after a flat Q1, while management highlighted lower churn heading into Q3 as a potential driver for faster growth.
Investors and market participants should note the provisional nature of the numbers and await the interim report for full audited figures and any additional disclosures related to the spin-off and Aira separation.