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Dott's Q3 2026 Financial Report: A New Era of Growth

Dott, a leading player in shared micromobility in Europe, has announced its financial results for the third quarter of 2026, marking a significant turnaround fueled by the deployment of its new vehicle fleet. The new fleet, which began operations in the previous quarter, has led to impressive growth and increased margins.

Key Financial Highlights

• - Net Revenue: Dott reported a net revenue of €55.6 million, showcasing a remarkable recovery and a return to growth for the company. This resurgence is largely attributed to a 22% year-on-year increase in rides per vehicle, reflecting the growing acceptance and dependency on Dott’s services in urban areas.
• - Operational Efficiency: The company has reported a substantial increase in operational efficiency, as indicated by a 36% rise in daily usage metrics (DMC) per active vehicle, with an impressive DMC margin of 45%. This positive shift not only demonstrates better vehicle performance but also a heightened user engagement.
• - Adjusted EBITDA: The adjusted EBITDA for the quarter stood at €16.1 million, an increase of €4.7 million compared to the previous year, reinforcing Dott’s robust financial health. Over the last twelve months, this figure has reached €24.8 million, signaling consistent growth.
• - Positive EBIT for the First Time: Perhaps the most notable achievement is the positive EBIT of €3.4 million in this quarter, marking a significant milestone in the company’s financial journey.

Fleet Deployment Strategy Pays Off

During the second quarter, Dott launched 45,000 new vehicles in several key markets as part of a strategic fleet refresh. The initial success seen in the second quarter has continued into Q3, with increased user engagement leading to more frequent rides.

CEO Maxim Romain commented, “Q3 was our strongest quarter yet, and it shows what Dott can deliver when we put the user experience first. Our new vehicles are more reliable and enjoyable to ride, and riders are responding positively, using them more frequently.” This sentiment is mirrored in the financial results, with the increased usage directly translating into revenue growth.

Improved Unit Economics

The new fleet has not only enhanced customer satisfaction but has also positively impacted unit economics. Dott has reported lower breakage rates and improved battery efficiency, which together have resulted in a staggering 70% increase in daily usage metrics year-on-year in the new fleet markets.

Looking Ahead: FY 2026 Earnings Expectations

As Dott moves into the latter part of 2026, the company is optimistic about its financial outlook. With three quarters behind and the new fleet performing above expectations, Dott anticipates delivering €30-32 million in Adjusted EBITDA for the full year, aiming towards the lower end of their earlier guidance.

Leadership Changes

In a strategic move to further strengthen its finance team, Dott welcomes Carlos Sanchez Arruti as the new Chief Financial Officer. With a background in senior finance roles at notable companies such as Amazon and GE Capital, Carlos brings valuable experience and insight as Dott continues its trajectory of growth and market leadership. He expressed enthusiasm about joining Dott, emphasizing the company’s pivotal role in shared mobility and its commitment to sustainable urban transport solutions.

Q3 Results Presentation

Dott will share more details about their Q3 performance in a scheduled presentation on October 26, 2026, at 11:00 AM CET, enabling stakeholders to gain deeper insights into Dott’s strategy and future direction.

As Dott continues to innovate and expand its services, the company remains committed to making cities more accessible and reducing congestion through sustainable travel solutions. The strong Q3 results not only reflect the success of Dott’s new fleet but also set the stage for promising growth in the upcoming quarters.