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In 2025, cBrain reported revenue of DKK 251m, a 6% decrease year-on-year, in line with expectations and reflecting delays in large government projects. However, the underlying subscription-based business grew approximately 18% and now represents 66% of total revenue, providing a solid financial foundation. Earnings before tax (EBT) reached DKK 56m, corresponding to a strong 22% margin, exceeding expectations. Supported by solid operating cash flow, the Board proposes a 56% increase in dividends to DKK 1.00 per share.

During 2025, cBrain focused on piloting and preparing for scalable growth, investing in a segment-driven go-to-market model and a partner-led delivery strategy. The F2 platform is now fully AI-enabled, positioning it as a standardized commercial off-the-shelf (COTS) enterprise platform purpose-built for government.

With its 2026–2028 strategy, cBrain aims to accelerate sustainable growth through scalable software sales, targeting selected segments such as paperless ministries and environmental permitting, while expanding its partner ecosystem. The global government software market is estimated to exceed USD 50 billion, and cBrain aims to take a leading position. For 2026, revenue is forecast at DKK 275–290m with an EBT margin of 20–25%.