Cherry SE Reports Lower 9M Revenue, Narrows EBITDA Loss, and Secures Funding Commitment
Cherry SE expects revenue for the first nine months of 2026 to reach EUR 58.9 million, down from EUR 70.7 million in the same period last year. The decline was driven by deliberate inventory clearing in its Peripherals segment. Despite lower sales, adjusted EBITDA improved to EUR -6.9 million from EUR -11.9 million a year earlier, helped by a 7.4 percentage point expansion in gross margin following cost reductions under project Blossom.
To bolster its balance sheet, Cherry SE secured a liquidity commitment of up to EUR 5 million from Cherry TopCo S.à r.l., an indirect subsidiary of majority shareholder Argand Partners, LP. The financial backing remains in effect through December 31, 2026. This follows the fulfillment of a prior financing commitment through a recent capital increase.
Investors will need to wait for full third-quarter figures. Cherry SE announced that it cannot publish its planned quarterly statement on November 18, 2026, because the audit for its 2025 financial statements remains incomplete. A revised release date will be provided once determined. Additionally, the company continues its divestment process for the Digital Health business.
Key points
- Nine-month revenue for 2026 is expected to fall to EUR 58.9 million from EUR 70.7 million in 9M 2025 due to channel inventory clearing in peripherals.
- Adjusted EBITDA loss narrowed to EUR -6.9 million from EUR -11.9 million in 9M 2025, supported by cost savings from project Blossom.
- Majority shareholder Argand Partners provided a liquidity commitment of up to EUR 5 million through December 31, 2026.
- Publication of the 9M 2026 statement is delayed past November 18, 2026, pending completion of the 2025 financial statement audit.
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How we writeDisclaimerQuestions and answers
Why did Cherry SE revenue decline in 2026?
Revenue fell to EUR 58.9 million in the first nine months of 2026 due to deliberate actions to clear distribution channel inventories in the Peripherals segment.
How much financial support did Cherry SE secure from its shareholder?
Cherry SE secured a liquidity commitment of up to EUR 5 million from Cherry TopCo S.à r.l., an indirect subsidiary of majority shareholder Argand Partners, LP, valid through December 31, 2026.
Why is Cherry SE delaying its 9M 2026 financial report?
The publication scheduled for November 18, 2026, is delayed because the audit for the company's 2025 annual financial statements has not yet been completed.