Starbreeze Interim Report: Q1 2026

Key insights

7 takeaways

01
Starbreeze reported a significant decline in Q1 2026 net sales to SEK 26.6 million, down from SEK 67.7 million in the same period last year.See it on page 2
02
The company recorded an operating loss (EBIT) of SEK 55.9 million for the quarter, compared to a loss of SEK 28.8 million in Q1 2025.See it on page 9
03
PAYDAY 3 sales dropped sharply to SEK 9.9 million from SEK 33.0 million in the prior-year period, while PAYDAY 2 sales remained relatively stable at SEK 11.4 million.See it on page 2
04
Liquid funds decreased to SEK 74.5 million at the end of March 2026, down from SEK 130.1 million at the end of March 2025.See it on page 13
05
Direct costs rose to SEK 67.5 million from SEK 45.2 million, driven primarily by a significant increase in the amortization of intangible assets to SEK 48.7 million.See it on page 8
06
Starbreeze announced a new partnership with VICE Studios in March 2026 to develop film and television adaptations based on the PAYDAY franchise.See it on page 6
07
The company reduced its workforce during the quarter, ending March 2026 with 119 employees compared to 174 employees in March 2025.See it on page 21

Summary

CEO's message | Net sales and earnings | Other financial information | Financial reports | Other information CEO's message | Net sales and earnings | Other financial information | Financial reports | Other information First quarter 2026 Significant events during and after the quarter • Net sales amounted to SEK 26.6 million (67.7). • On January 13, "Shopping Spree Heist" was released for PAYDAY 3.