Net revenue decreased to KSEK 12,563 (17,436) which corresponds to a growth of -28 (-6)%.
Gross profit for the period amounted to KSEK 8,896 (12,691) with a margin of 71 (73)%.
EBITDA for the period amounted to KSEK 3,169 (6,044) with a margin of 25 (35)%.
Cash flow from operating activities amounted to KSEK 658 (286).
Cash and cash equivalents amounted to KSEK 13 600 (14 261).

CEO letter from the report:

From Analysis to Execution 
Since joining as CEO in May, the focus has been on conducting a thorough analysis of the company's operations, historical bottlenecks, and future potential. This analysis resulted in a new overarching strategy and an updated Target Operating Model, which was approved by the Board at the end of August. The rollout and operational execution consequently began in September. 

Internal Structure and Order First 
To translate the strategy into practice, it has been structured into several concrete initiatives across the entire organization. Because the rollout has just begun, the first phase of execution focuses on establishing internal structure and order. We have realigned company governance around five core KPIs, with operational self-sufficiency as our primary guiding star, and introduced disciplined R&D governance to more strictly prioritize development resources toward strategic value and commercial customer needs. Cost discipline must be embedded in our DNA, and finding smarter ways to work through incremental adjustments should be second nature. As part of this, we are currently evaluating, through a dedicated initiative, how to incorporate AI into our day-to-day operations to accelerate production pace and everyday efficiency. 

"Back to the Roots" – The Full Onboarding Journey 
On the product side, the transformation is about reconnecting with Checkin's original DNA. The company was founded to optimize onboarding flows and maximize end-user conversion. Following the acquisition of our ID verification capabilities, however, the market increasingly came to associate us purely with standalone ID verification - a mere commodity. Through the "One Stack" initiative, we are now returning to our roots: uniting Signup and ID Verification on a single platform to once again deliver a complete, frictionless onboarding experience. At the same time, we intend to broaden our offering from one-off registration checks to Lifecycle Compliance & Ongoing KYC (continuous re-verification and risk monitoring), building long-term recurring license revenue. Checkin.com is far more than an IDV platform. What we provide is an orchestration engine that embeds frictionless trust at every stage - from onboarding to continuous compliance - driving next-generation conversion for digital companies operating in regulated industries. 

Horizontal Strategy Validated by the Market 
A key component of our new strategy is shifting focus from individual verticals to a broad, horizontal use-case model, which we touched upon in the previous quarterly report. The market reality quickly confirmed that this was the right choice. A recent example is the extensive licensing and regulatory changes in Brazil, where we historically conducted business. This type of industry and market volatility provides the clearest confirmation of why our horizontal strategy is imperative: our business cannot rise or fall on individual verticals or local regulatory shifts. 

The Commercial Engine in Operation 
In parallel with our product and structural initiatives, we have now pressed the start button on our commercial machinery. We are building our outbound organization from the ground up with new, dedicated sales talent recruited in early October. They are currently undergoing comprehensive onboarding, and with a natural ramp-up period, it will take some time before this investment bears full fruit. Simultaneously, we have introduced the "Business Rules" initiative to harmonize and streamline historically fragmented contracts through standardized price lists and packaging, as well as longer contract terms to increase predictability. New pipeline discipline is now established within the CRM, and the new pricing and contracting models are being applied in ongoing customer and renewal discussions. To ensure that closed deals translate into revenue more quickly, we have also established the Customer Enablement function, shortening the runway from signed contract to live volume.

Building Phase in 2026 with sights set on 2027
The quarterly net revenues of MSEK 12.6 reflect the challenges characterizing this turnaround. The ripple effects of the difficult period we have been navigating are still being felt and will likely persist for some time, until the impact of taking the right measures in the right order takes full effect. Encouragingly, the core business remains strong - we successfully defended a gross margin above 70% and an EBITDA margin exceeding 25%, despite declining revenues.

As previously communicated, the second half of 2026 represents our building phase. We are putting in the rigorous, methodical work required to build a sustainable commercial engine, with our sights firmly set on measurable improvements in revenue growth during 2027.

Arif Rehman
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 2026-11-05 15:00 CET where the company's CEO and CFO will present the report, followed by a Q&A session. The webcast is available through this link: https://www.finwire.tv/webcast/checkin-com/q3-2026/