First quarter
- Net sales decreased by -23.1 percent to SEK 479.3 (623.1) million, whereof -10.2 percent was organic change, and -12.8 percent was negative currency impact.
- Subscription sales increased by 13.8 percent to SEK 90.6 (79.6) million, corresponding to 18.9 (12.8) percent of net sales.
- ARR increased by 11.0 percent to SEK 383.5 (345.7) million.
- EBIT amounted to SEK 14.9 (92.6) million, corresponding to an EBIT margin of 3.1 (14.9) percent. Negative currency impact amounted to SEK -26.5 million.
- Expenses related to the reorganization amounted to SEK -21.0 million, fully recognized in Q1 and impacting ~45 employees, resulting in gross annualized cost savings of approximately SEK 95 million with effects starting in Q2.
- Earnings per share after dilution amounted to SEK 0.25 (0.58).
- Bookings decreased by -25.4 percent to SEK 390.6 (523.8) million, whereof -14.4 percent was organic change, and -11.0 percent was negative currency impact.
Significant events during the quarter
- On March 26th, Yubico announced preliminary numbers for order bookings and EBIT for Q1 2026 which are confirmed in this report.
Significant events after the end of the quarter
- On May 4th, the Board appointed Jerrod Chong as permanent President and CEO of Yubico.
- On April 30th, Yubico announced a partnership with OpenAI, where ChatGPT users can purchase YubiKeys through their Advanced Account Security program.
Webcast/teleconference
Yubico will hold a webcast/conference call today, May 5, 2026, at 09:00 CET. Jerrod Chong, CEO, 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/q1-report-2026
Via the webcast, you can ask written questions. If you wish to ask questions verbally, please register on the following link:
https://events.inderes.com/yubico/q1-report-2026/dial-in
Interim reports
The complete interim report for January to March 2026 will be available on https://investors.yubico.com/en/investors/reports-and-presentations/