Quarterly summary
Fourth quarter
• Net sales decreased by -12.0 percent to SEK 548.3 (623.0) million, whereof -1.3 percent was underlying change, and -10.7 percent was negative currency impact
• Subscription sales increased by 26.6 percent to SEK 94.1 (74.3) million, corresponding to 17.2 (11.9) percent of net sales. ARR increased by 20.7 percent to SEK 391.0 (324.1) million.
• EBIT amounted to SEK 6.5 (110.9) million, corresponding to an EBIT margin of 1.2 (17.8) percent. Negative currency impact amounted to SEK 22.8 million, and non-recurring expenses were SEK 6.6 million.
• Earnings per share after dilution amounted to SEK 0.04 (1.27)
• Bookings decreased by -8.7 percent to SEK 704.5 (771.3) million, whereof 4.6 percent was underlying growth. In fixed currency, however, this is the largest bookings in a quarter in the history of Yubico
January - December
• Net sales decreased by -4.7 percent to SEK 2,218.0 (2,326.2) million, whereof 1.4 percent was underlying growth, and -6.1 percent was negative currency impact
• Subscription sales increased by 29.7 percent to SEK 339.6 (261.9) million, corresponding to 15.3 (11.3) percent of net sales
• EBIT amounted to SEK 199.9 (437.5) million, corresponding to an EBIT margin of 9.0 (18.8) percent. Negative currency impact amounted to SEK 22.1 million, and non-recurring expenses were SEK 6.6 million.
• Earnings per share after dilution amounted to SEK 1.46 (4.20)
• The Board of Directors proposes that no dividend shall be paid for the financial year 2025 and that retained earnings shall be carried forward
Significant events in the quarter
•The Board appointed Jerrod Chong as acting CEO on December 17th. For more information see press release from December 17th, 2025.
Webcast/teleconference
Yubico will hold a webcast/conference call today, February 12, 2026, at 09:00 CET. Jerrod Chong, Acting CEO of Yubico, Snejana Koleva, CFO and Alexandra Barganowski, IR of Yubico will present and answer questions.
To listen to the conference, click on the following link:
https://yubico.events.inderes.com/q4-report-2025
Via the webcast, you can ask written questions. If you wish to ask questions verbally, please register on the following link:
https://conference.inderes.com/teleconference/?id=5002371
Interim reports
The complete Year-end Report January - December 2025 will be available on https://investors.yubico.com/en/investors/reports-and-presentations/
For more information contact:
Alexandra Barganowski, Investor Relations
+46 (0) 72 083 27 50
alexandra.barganowski@yubico.com
About Yubico
Yubico (Nasdaq Stockholm: YUBICO), the inventor of the YubiKey, offers the gold standard for phishing-resistant multi-factor authentication (MFA), stopping account takeovers in their tracks and making secure login easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers, and internet accounts. Yubico is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering modern, hardware-based passkey authentication security at scale to customers in over 160 countries.
Yubico's solutions enable passwordless logins using the most secure form of passkey technology. YubiKeys work out-of-the-box across more than a thousand consumer and enterprise applications and services, delivering strong security with a fast and easy experience.
As part of its mission to make the internet more secure for everyone, Yubico donates YubiKeys to organizations helping at-risk individuals through the philanthropic initiative, Secure it Forward. The company is headquartered in Stockholm and Santa Clara, CA. For more information on Yubico, visit us at www.yubico.com.
