Huddlestock’s first-half 2026 results, presented ahead of its annual presentation on August 28, highlighted a 30% sequential reduction in operating expenses to NOK 15.2 million and a narrowing net loss, even as total operating income declined 13% quarter-on-quarter to NOK 9.0 million.
The company reiterated plans to launch its GIGA Broker platform to the public in October 2026, following user testing completed in June and July. GIGA Broker, led by Co-CEO of AVL and CEO Simon Lange, aims to rank among Germany’s top three neobrokers within three years. Huddlestock’s shares traded 1.74% higher at NOK 0.58 on the Oslo Stock Exchange on August 27, reflecting a modest rebound from the prior session’s close of NOK 0.57.
Visigon, Huddlestock’s embedded-finance unit, reported Q2 2026 revenue of NOK 2.3 million, up 30% year-over-year, while its EBITDA margin stood at 9%. Visigon targets an EBITDA margin above 20% by 2028 and last-twelve-months revenue of NOK 36 million, with a goal to exceed NOK 100 million in total revenue by 2028. The unit acquired the assets of DoLand ApS on August 26 and secured a five-year sustainability reporting agreement with Merkur Andelskasse, whose CEO Charlotte Skovgaard noted the continued delivery of client-focused reporting services.
Huddlestock’s Q2 2026 net result improved to a loss of NOK 11.9 million from NOK 12.1 million in Q1 2026 and NOK 35.6 million in Q2 2025. Operating cash flow used NOK 8.1 million during the quarter, though cash at quarter-end rose to NOK 4.6 million from NOK 3.8 million. The company secured additional loan facilities totaling NOK 15 million in Q2 and July, bringing total liquidity reserves to NOK 9.6 million. A guarantee consortium backed NOK 23.5 million in facilities.
Compliance costs rose 60% compared with pre-crisis levels, with Germany alone accounting for $32.5 billion in 2023 compliance spending, according to Fourthline. The company’s Investment-as-a-Service business is targeted to achieve cash-flow positivity in early 2027, while Visigon’s Polish entity plans to hire its first employee in October under an employer-of-record model.
