Elliptic Labs reports strong Q3 revenue and EBITDA growth

Elliptic Labs reported preliminary Q3 2025 revenues of NOK 42.3m and an EBITDA of NOK 12.7m. This marks an approximate 50% revenue increase from Q3 last year, significantly up from the NOK 0.5m EBITDA reported in the prior year's third quarter. The company attributes this growth primarily to milestone payments from its contract with Lenovo, expecting the majority of a NOK 55m minimum commitment to be recognized in Q3, with the remainder in Q4.

The company will hold a presentation for its Q3 2025 results on Thursday, November 20th at 08:00 CET, hosted by interim chief executive Ola Sandstad and interim chief financial officer Mathias Norderud. The early release of these figures and the expedited presentation date are intended to address potential speculation following a recent leadership transition.