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    HomeToGo (XTRA:HTG) Stock Price Falls As Revenue Jumps But Losses Deepen

    Simply Wall St·08/20/2026 21:25:33
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    HomeToGo came into this earnings print as a deeply out of favour travel stock, with the share price down roughly 25% over the past three months and trading at about €0.91. The market has been treating it like a low growth, subscale platform. The headline from Q2 tells a different story. Revenue reached €101.04 million and the company reported a loss of €8.764 million, while adjusted EBITDA for the first half improved to a loss of €15.1 million, alongside positive unlevered free cash flow of €48.2 million.

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    Q2 2026 Earnings Summary

    • Revenue, Q2 2026 vs Q2 2025: €101.04 million vs €58.735 million (up 71.9%)
    • Net Loss, Q2 2026 vs Q2 2025: €8.764 million loss vs €4.079 million loss (loss widened 115%)
    • Basic EPS, Q2 2026 vs Q2 2025: Not disclosed for Q2 2026 vs €0.035288 loss per share in Q2 2025 (comparison not available)
    • Adjusted EBITDA, H1 2026 vs H1 2025: €15.1 million loss vs €20.6 million loss (improved by about 26.6%)

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    XTRA:HTG Trailing 12-Month Earnings & Revenue History as at Aug 2026
    XTRA:HTG Trailing 12-Month Earnings & Revenue History as at Aug 2026

    HomeToGo results give bulls real traction

    For investors leaning positive on HomeToGo, the latest results give the platform plus B2B story more substance. Group IFRS revenue moved sharply higher with Interhome and B2B now the main growth and profit engine. HomeToGo_PRO reached roughly €105.2 million of IFRS revenue and turned segment adjusted EBITDA positive at €1.7 million. Marketplace adjusted EBITDA loss narrowed while advertising spend fell 16%, which suggests improving unit economics. The swing to €48.2 million of unlevered free cash flow and leverage at 1.3x adds balance sheet support to a thesis built on operating scale and network effects.

    Losses, dilution risk and execution still worry bears

    Bears focused on profitability and competitive pressure still find support in these numbers. HomeToGo is growing fast but remains loss making, with a Q2 loss of €8.764 million and group adjusted EBITDA still negative €15.1 million in H1 despite the improvement. IFRS revenue in the Marketplace segment declined while Interhome and B2B acquisitions carry integration and execution risk. Net debt of €64.5 million is manageable today, but sits against a business that depends heavily on continued operational progress. The share price declined by roughly 25% over 90 days, which suggests those concerns remain front of mind.

    After a 25% share price decline and ongoing losses, it is fair to ask whether execution or profitability risks at HomeToGo are fully understood. Review our independent risk analysis for HomeToGo which shows 1 important warning sign

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.