MotorK Goes From Zero to More Than 25% of Its Customer Base Using Spark AI Agents in One Quarter
Business Wire•26/10/2026•14:00 ET
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Key Highlights
- ➤700+ customers now use MotorK’s AI agents, exceeding 25% of its customer base
- ➤Adjusted EBITDA €3.6M, up 28.6%, with margin improving to 13.5%
- ➤Cash EBITDA negative €0.5M, improving approximately 77% year over year
- ➤EIB financing discussions target up to €40M, conditional on €3M capital increase
- ➤FY26 CARR guidance withdrawn; Cash EBITDA break-even target reaffirmed
Expert Statements
Zoltán Gelencsér, Interim Group Chief Executive Officer of MotorK
“In the third quarter we started rolling out our AI agents, which have now become part of daily work for dealers, with more than 700 customers now using them. The same approach runs inside the Group, where the Software Factory and more than 200 internal agents help us build and ship faster with a leaner organisation. The top line reflects the Underdogs transfer and the exit of non core activities, but the cost discipline behind our EBITDA gains is structural. We offer free trials on our AI agents, so usage is running ahead of contracted revenue and CARR will be less predictable from quarter to quarter. For that reason we will no longer provide CARR guidance for FY 26. We remain focused on closing the year with break-even Cash EBITDA.”
MotorK Goes From Zero to More Than 25% of Its Customer Base Using Spark AI Agents in One Quarter
Adjusted EBITDA Up 29%, Cash EBITDA Increased by c.77% as Cost Base Improved by 17%
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