Checkin.com Group (STO:CHECK) reports that cost focus continues to strengthen EBITDA while growth has yet to return.
The report in brief:
Q3 2025 (vs Q3 2024):
Net revenue decreased to KSEK 17,436 (18,646) which corresponds to a growth of -6 (-38)% compared to the same period 2024. At constant currencies the growth was -3 (-36)%. Compared to the second quarter of 2025 Net revenue growth amounted to -4 (-9)%.
Gross profit for the period amounted to KSEK 12,691 (13,646) with a margin of 73 (73)%.
EBITDA for the period amounted to KSEK 6,044 (4,259) with a margin of 35 (23)%.
Cash flow from operating activities amounted to KSEK 286 (2,023).
Net Revenue Retention LTM amounted to 90 (58)%.
Cash and cash equivalents amounted to KSEK 14,261 (30,232).
CEO letter from the quarterly report:
The third quarter of 2025 was characterized by continued strong cost focus and improved EBITDA. Revenue continued to decline slightly to MSEK 17.4, while the EBITDA margin went up to 35 percent - a significant increase compared to previous quarters. The improvement in the EBITDA margin is a result of the efficiency measures initiated during the year on the cost side. We have optimized personnel, IT and marketing costs in our effort to achieve positive cash flow again.
After the end of the quarter, we have signed several important customer agreements. Most significant is the collaboration with the Visma Group, where our solutions will be integrated within several of their business areas. This partnership marks an important step in our plan to grow the Fintech vertical and confirms the strength of our offering towards larger, regulated players.
While we see weaker development in the travel vertical, we continue to have strong momentum in the iGaming vertical, where both regulated markets and our omnichannel offering are developing positively. Following the launch of Solaire Resort in Q2, we have, since the end of the third quarter, also signed an agreement with SkyCity, based in New Zealand. The partnership marks our first establishment in Oceania and represents further geographical diversification. In addition, the launch of the French Casino Barrière is planned for the end of the year, which will further strengthen our position in the segment. Going forward, we see great opportunities among companies that move from a physical environment to increased digitalization - a development in which our technology has a clear role.
Cost discipline has resulted in a more focused organization with improved productivity per employee during the year. We continue to operate the business with a strong cash flow focus and a balanced cost structure, while investing selectively in areas with high growth potential.
The global biometrics and facial recognition market is expected to grow by at least 15 percent annually over the coming years. Although we have not met our targets over the past two years, we remain confident that we can become a major player in the industry going forward - not least through the strategic partnerships now in place that enable broader distribution of our software.
We are aware that while maintaining a strong cost focus, we need to increase our revenues on a monthly basis - both from a cash flow perspective and to once again become a growth company to be reckoned with.
We leave the third quarter with a more controlled financial position, improved profitability and exciting future prospects.
With several planned launches in the fourth quarter, we see opportunities to end the year with strengthened profitability and an expanded market position in our core areas.
Christian Karlsson
Acting CEO, Checkin.com Group
The full quarterly report is now published and available on:
https://group.checkin.com/investors/reports/
Webcast (Swedish)
Investors, analysts and journalists are invited to a webcast 2025-11-06 11:00 CET where the company's CEO and CFO will present the report, followed by a Q&A session. The presentation is available through this link: https://www.finwire.tv/webcast/checkin-com/q3-2025/
An English version of the webcast will be published on the company's website later today.
For further information, please contact:
Martin Bäuml, CFO and head of investor relations, ir@checkin.com
Certified Adviser
Checkin.com Group's Certified Adviser is DNB Carnegie Investment Bank (publ).
Phone: +46 (0)8 588 68 570
E-mail: certifiedadviser@carnegie.se
About Checkin.com Group
Checkin.com Group, founded in 2017, specializes in creating secure digital environments by helping businesses establish who is on the other side of the screen. The company's advanced KYC solutions streamline user registration, identification and login processes while also ensuring that the Enterprise and SME customers meet strict regulatory standards. This is achieved through a variety of advanced technologies that in real time verify user identities, assess ages, and scan official documents with high accuracy. The software also features biometric technologies to provide an extra layer of fraud prevention while enabling seamless experiences for end-users.
By offering a smooth and secure experience for users and flexibility and customer-focus for partners, the software drives both user trust and business growth. The Group is headquartered in Stockholm, Sweden, but operates and recruits globally to attract world-leading talent.
Checkin.com Group's share is since 2021 listed on Nasdaq First North Growth Market under the trading symbol "CHECK". The company creates shareholder value and growth through organic growth and strategic acquisitions.
For more information about the company visit: https://group.checkin.com/investors/
This information is information that Checkin.com Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-11-06 07:30 CET.