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Dott's Q2 2026 Financial Report: A Comprehensive Overview

Dott, the European leader in shared micromobility, has released its financial results for the second quarter of 2026, showcasing significant growth and profitability. The company reported a net revenue of €47.5 million, reflecting a 3% year-on-year increase when excluding exited markets. Key performance indicators illustrate a continued upward trajectory in financial health, enabling Dott to reaffirm its commitment to sustainable urban transportation.

Key Highlights from Q2 2026

The report highlighted several critical metrics:

• - Direct Market Contribution (DMC) margin reached 42%, rising by 12 percentage points year-on-year. This marks the highest margin ever reported by Dott in a single quarter, indicating effective cost management and operational efficiency.
• - Adjusted EBITDA showed impressive growth, amounting to €10.5 million, which is an increase of €6.4 million from the previous year, affirming the company’s pathway towards financial improvement.
• - The standard EBITDA was reported at €8.1 million, suggesting a margin of 17%, a stark contrast to the previous year’s negative figures, highlighting the success of Dott’s strategic initiatives.
• - Furthermore, by the close of the second quarter, last twelve months (LTM) Adjusted EBITDA had ascended to €20 million as of June.

Performance Insights: Preliminary July Results

Dott's preliminary results for July present an optimistic outlook. The net revenue reached €19.7 million, reflecting a 3% year-on-year growth, and a notable 8% year-on-year growth when adjusted for excluded markets. The adjusted EBITDA for July stood at €6.4 million, highlighting an increase of €2.3 million, which points towards continued operational efficiency as the LTM adjusted EBITDA rose to €22 million.

Analyzing the Key Metrics

The report further discloses that:

• - An average fleet of 150,000 vehicles was available during Q2, down from 171,000 in the same quarter of 2025.
• - The total number of rides decreased slightly to 21,240 thousand in Q2 2026 from 22,312 thousand in 2025. However, it is noteworthy that rides per vehicle per day (RpAV) improved, reaching 1.56, up from 1.44.
• - Moreover, Dott generated €3.49 in net revenue per vehicle per day, up from €3.17, substantiating the company's shift towards a more focused market approach and improving unit economics.

Narrowing Earnings Expectations for FY 2026

As a testament to its ongoing profitability improvement and focus on key markets, Dott announced a narrowing of its FY 2026 Adjusted EBITDA guidance to €30-35 million. This adjustment stems from the smaller than initially intended fleet size to maintain operational sustainability and profitability.

Leadership Changes: A Shift in Financial Leadership

The company also addressed the departure of Raoul Gatzen, who played a pivotal role in steering Dott to Adjusted EBITDA profitability in the full year of 2025 and securing financing for the new fleet. Chris Hadfield, previously the VP of Corporate Strategy, has stepped in as interim CFO, reinforcing a leadership continuity amid these transitions.

CEO Maxim Romain's Perspective

In a statement from CEO Maxim Romain, he emphasized the substantial impacts of their strategic operational changes, noting: “In Q2 we began to see the hard work of the past 18 months pay off, with the impact of our new vehicles and our lower headquarters cost base reflected in our EBITDA improvement.” He expressed pride in the enhanced user experience provided by Dott’s new vehicles, which have become more reliable and increasingly utilized.

Conclusion

Dott's impressive Q2 results exemplify the firm’s commitment to improving urban mobility while maintaining strong financial performance. With evolving strategies aimed at efficient fleet management and enhanced user satisfaction, Dott is better positioned to meet the growing demands of micromobility in an urban context. Looking ahead, the company is poised to foster sustainable urban transport solutions while responding dynamically to market challenges and opportunities.