GomSpace Group AB, a leading nanosatellite manufacturer, reported a strong first quarter for 2026, with revenue increasing by 43% compared to the same period last year. The company also achieved positive EBITDA for the first time, marking a significant milestone in its financial performance.
According to the company's interim report released on May 7, 2026, net sales for Q1 2026 reached SEK 72.3 million, up from SEK 50.6 million in Q1 2025. The gross margin improved to 38%, driven by higher revenue and operational efficiencies.
CEO Carsten Drachmann commented, 'We are very pleased with the strong start to 2026. The positive EBITDA demonstrates that our strategy to focus on profitable growth is delivering results.' The company's order backlog stood at SEK 1.2 billion as of March 31, 2026.
GomSpace's cash flow from operations also turned positive during the quarter, reaching SEK 8.5 million. The company reiterated its full-year guidance for 2026, expecting revenue growth of at least 30% and continued improvement in profitability.
