The security solutions company Risk Intelligence reports lower revenue but improved cash flow in the first quarter of 2026. The total ARR value increased by 8 percent while the company delivered its fifth consecutive quarter with positive EBITDA.Revenue fell by 6 percent to 6.2 million Danish kroner (6.6). At the same time, invoiced revenue increased by 1 percent to 5.8 million kroner.EBITDA amounted to 0.1 million kronor (0.3), corresponding to a decrease of 62 percent. Profit before tax was -1.8 million kroner (-1.5), while net profit amounted to -1.8 million kroner (-1.1). Earnings per share were -0.07 kronor (-0.04).Cash flow from operating activities improved to 2.7 million kroner (-1.7).The company says that revenue development continues to be affected by the loss of a U.S. government customer in the third quarter of 2025, which is expected to affect the comparison figures through the third quarter of 2026.The company reiterates its guidance for 2026 and expects ARR growth of 10-25 percent, system ARR of 30.3-34.4 million Danish kroner and positive EBITDA.Risk Intelligence, MdkkQ1 2026Q1 2025ChangeRevenue6.26.6-6%EBITDA0.10.3-62%Profit before tax-1.8-1.5-25%Net profit-1.8-1.1-64%Earnings per share-0.07-0.04-64%