MotorK Reports Q1 2026 Results with Strong Year-on-Year Profitability Improvement Amid Strategic Transition

LONDON – 24 April 2026 – MotorK PLC (AMS: MTRK) (“MotorK”, the “Group” or the “Company”), a leading SaaS provider to the automotive retail industry in the EMEA region,  today announced its financial results for the first quarter of 2026 (“Q1 26”), reporting improvement in profitability.

Q1 26 Financial Highlights:

• Committed Annual Recurring Revenue (CARR): €33.5M, a 9% decrease compared with €36.8M in Q1 25, reflecting a focus on higher-quality, longer-duration contracts with stronger unit economics.
• Annual Recurring Revenue (ARR):  €29.5M, a 12% decrease compared to €33.4M in the same period last year.
• Revenue: €9.2M, a 11% reduction from €10.8M in Q1 25, impacted by planned legacy churn and extended customer decision cycles.
• Cash EBITDA: negative €0.5M, improved by 55% year-on-year from negative €1.2M, and Adjusted EBITDA of €0.9M (+52% YoY vs €0.6M in Q1 25), reflecting strong cost discipline and improving revenue mix.
• Business quality improving: Continued focus on higher-value opportunities and disciplined commercial execution supporting margin expansion.
• Enterprise segment: The Group completed the strategic refocusing on its core product offering, resulting in the exit of €2.3M CARR of low margin and non-core contracts, favoring a more focused, higher-quality revenue base.

Amir Rosentuler, Executive Chairman and Interim CEO, commented: “Q1 reflects the deliberate execution of our strategy in a challenging market environment. While customer decision cycles remained extended, we made clear progress on the priorities that matter most: improving profitability, strengthening the quality of our revenue base, and advancing our AI-driven platform. During the quarter, we continued the migration of retail customers to our next-generation SparK platform and expanded the capabilities of our Customer Data Platform, positioning MotorK to address the growing demand for AI-enabled solutions across the automotive retail ecosystem. As a result, the business is more efficient, more focused, and structurally more profitable than a year ago. We remain on track to achieve Cash EBITDA positivity in FY 2026.”

Continued improvement in profitability

Where the top-line reflects the market conditions, profitability reflects MotorK’s discipline, controls and execution of its strategy. Adjusted EBITDA grew c.52% year-on-year to €0.9 million, and Cash EBITDA improved c.55%, driven by tighter cost discipline, a more focused commercial footprint, and a richer mix as SparK revenue scales. 

The January 2026 drawdown of €3 million in growth financing from Atempo, together with the €2.5 million Reserved Capital Increase in April, further reinforce the Group’s liquidity as it crosses into monthly Cash EBITDA positive territory in FY 2026.

First quarter performance

MotorK entered 2026 with a clear plan: protect margin in the near term, and invest in the AI-native capabilities where the market is heading. Commercial activity was concentrated on higher-quality engagements with stronger unit economics and longer contract duration. The Group also accelerated the migration of retail customers onto its unified SparK suite and launched its new Customer Data Platform – an AI-powered decision engine that unifies first-party data across advertising, lead generation, CRM, DMS and aftersales. 

Reported revenue was €9.2 million and recurring revenue €6.8 million, reflecting slower new-business decisions driven by extended OEM and dealer decision cycles, alongside the planned churn associated with the ongoing migration from legacy products to the SparK platform.

MotorK re-confirms its FY guidance of Cash EBITDA profitability and single digit CARR growth. 

* It represents Revenues broken down by the countries in which the legal entities are established, independently of the geographical location of the customers.

NEXT PUBLICATION: FY2025 ANNUAL REPORT, 30 APRIL 2026