QBIMNasdaq StockholmSoftware - ApplicationIFRS · SEK

QBIM

Qbim Aktiebolag is a Swedish software company based in Karlstad that develops AI-driven, cloud-based subscription services for turning data from multiple sources into actionable insights. Its offerings include sales-assistance and self-service portal solutions designed to help organizations analyze customer and business information and support decision-making.

Revenue3.8m SEK
Operating profit (EBIT)-4.4m SEK
EBIT margin-115.6%
Net income-4.7m SEK

Fiscal year 2025 · change from previous year

Development 2025–2025

-7.5-5.0-2.50.02.55.07.5m SEK2025: 3.8 m SEK2025: EBIT -4.4 m SEK2025TTM 2026: 5.1 m SEKTTM 2026: EBIT -6.3 m SEKTTM5.1-6.3
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Q-Sales SaaS70 %

AI-driven sales assistant and coaching platform for analyzing customer interactions and sales activity.

Insight portals20 %

Self-service portals that transform raw data into usable business insights.

Data monitoring and signals10 %

Tools that flag deviations in customer behavior and business data.

Customers

Qbim sells primarily to organizations that want to improve sales effectiveness, operational insight, and decision support using AI software. Reported use cases point to B2B sales teams, companies needing call coaching and analytics, and customers that want early warning signals from business data.

B2B sales teams

Buy Q-Sales to coach sellers, analyze calls, and improve sales execution.

Operational and management teams

Use insight portals and analytics to convert data into actionable decisions.

Data-driven organizations

Adopt signal detection tools to spot deviations in customer or business data early.

Strategy

Qbim’s strategy is to build a focused product company around scalable SaaS offerings with recurring revenue. The company is expanding Q-Sales through user growth, broader use cases, more licenses per customer, and deeper integration into customer workflows.

Expand Q-Sales adoptionShort term

Higher usage and more licenses improve recurring SaaS revenue and customer stickiness.

Broaden product use casesMedium term

New applications such as anomaly detection widen the addressable market and reduce dependence on one workflow.

Deepen integrationsMedium term

Embedding the product into customer systems makes Q-Sales harder to replace and more useful in daily work.

Geography

Qbim is headquartered in Karlstad, Sweden, and its reported business activity is centered in the Nordic region. The company has also described early commercial activity in Norway, including an agreement with a major alpine tourism operator, indicating cross-border expansion within Scandinavia.

Risks

Qbim faces the typical risks of an early-stage SaaS company, including customer acquisition uncertainty, reliance on product adoption, and the need to convert pilots into durable subscriptions. The company also disclosed dependence on external financing and operates in a competitive AI software market where product relevance, data quality, and implementation speed matter.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer adoption risk2Competitive software market risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Going-concern and financing riskImpact: Critical

    The company has disclosed dependence on additional external financing to continue operations.

    Exposure: Corporate funding and liquidity

  2. Customer adoption riskImpact: HighLikelihood: Low

    SaaS growth depends on active usage, renewals, and broader rollout inside customer organizations.

    Exposure: Recurring revenue growth

  3. Pilot-to-contract conversion riskImpact: High

    Reported pilots may not become full deployments or expand to more licenses.

    Exposure: Q-Sales commercialization

  4. Competitive software market riskImpact: MediumLikelihood: Low

    AI sales tools and insight platforms face competition on features, pricing, and integration depth.

    Exposure: Product positioning

Accounting

Judgemental items
Subscription revenue recognition

Recurring SaaS contracts require careful matching of revenue to service delivery over time.

Impact: Affects quarterly revenue timing and comparability

Development cost capitalization

Software development spending may be expensed or capitalized depending on criteria.

Impact: Affects EBITDA, EBIT, and intangible assets

Going-concern assessment

The company disclosed dependence on external financing, making liquidity assumptions critical.

Impact: Affects disclosure and balance-sheet interpretation

Quarterly seasonality and contract timing

Small contract wins and pilots can cause large swings in reported revenue and results.

Impact: Affects period-to-period comparability

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

QBIM Revenue, Earnings & Financials 2025 – Clarifo