Huddlestock reported a 30% sequential decline in operating expenses in the second quarter of 2026 as the company prepares for the public launch of its GIGA Broker platform in Germany, now rescheduled to October 2026.
The Oslo-based fintech, which operates an Investment-as-a-Service platform and a consulting business (Visigon), maintained stable EBITDA despite seasonal headwinds. Revenue across the last twelve months totaled NOK 4.77 million, while EBITDA remained negative at NOK 4.21 million. Gross profit margins stood at 15.88%.
Cash outflows in Q2 2026 reached NOK 4.6 million, reducing quarter-start liquidity of NOK 3.8 million to NOK 9.6 million. The company secured new loan facilities totaling NOK 15 million in the quarter, bringing total secured debt to NOK 23.5 million.
Huddlestock’s consulting unit, Visigon, reported a 30% year-over-year revenue increase in Q2 2026, with group-level consulting revenue 20% above the prior year. Visigon aims to surpass NOK 100 million in annual revenue by 2028, targeting profitability above 20%.
The GIGA Broker platform, Huddlestock’s first white-label customer application in Germany, has been delayed from its original June 2026 launch date. Simon Lange, CEO of GIGA Broker GmbH, stated the postponement reflects a commitment to a sustainable rollout, with the public launch now planned for October 2026. The platform is undergoing final user testing and readiness assessments.
Huddlestock also finalized a five-year service agreement with Danish bank Merkur Andelskasse following its acquisition of Danish software firm DoLand. The deal includes sustainability reporting services.
The company’s stock, listed as HUDL, traded at $0.58 on August 26, 2026, up 1.74% for the session. Year-to-date, shares have declined 21.37%, with a 52-week range between $0.57 and $0.90.
Management expects the Investment-as-a-Service business to achieve EBITDA and cash flow positivity by early 2027, citing operational efficiencies and a lean team structure as key drivers of profitability.
