EVS delivered a robust QQ2 2025 performance with strong margin retention and a substantial YoY revenue lift. Revenue reached EUR 45.89 million, up 83.73% year over year and 100.00% quarter over quarter, supported by continued demand for live replay, story-telling, and cloud-based services in broadcast workflows. Gross profit was EUR 33.30 million, yielding a gross margin of 72.56%, and EBITDA stood at EUR 10.60 million (EBITDA margin ~23.09%), contributing to net income of EUR 6.64 million and basic earnings per share (EPS) of EUR 0.49.
The quarter also highlighted a healthy balance sheet with a net cash position (net debt of -EUR 52.84 million) and strong liquidity metrics (current ratio 3.37, cash and cash equivalents + cash equivalents and short-term investments totaling EUR 65.58 million). However, cash from operations was negative at EUR -1.53 million driven by working capital movements, leading to negative free cash flow of EUR -2.07 million. Shareholder-focused capital allocation included a EUR 2.85 million share repurchase and EUR 4.01 million in dividends during the period, underscoring a constructive capital return philosophy despite near-term cash flow headwinds.
Looking ahead, EVS faces a favorable industry backdrop for live broadcasting, sports, entertainment, and news workflows, with potential upside from product mix evolution toward software-based solutions and cloud services. Management commentary regarding explicit forward guidance was not provided in the data; investors should monitor working capital normalization, potential cadence of product introductions, service revenue growth, and any updated guidance or capital allocation plans as market conditions evolve.