IN BRIEF
Bike24 posted €107.7 million in revenue in the third quarter of 2026, up 30.0% year on year: it is the first time the online cycling retailer has exceeded €100 million in a single quarter. Its adjusted EBITDA rose 13.9% to €6.1 million. Bike24 notes, however, that its adjusted EBITDA margin for the quarter fell to 5.7%, from 6.4% a year earlier, and its gross margin to 25.8%, from 27.0%. Over nine months, sales reached €274.5 million, up 24.3%. The company confirms it is targeting revenue of between €345 million and €360 million in 2026.
| Q3 2026 revenue | €107.7m (+30.0%, vs €82.8m) |
| Q3 adjusted EBITDA | 6,1 M€ (+13,9 %) |
| Q3 free cash flow | 12,0 M€ |
| 9-month revenue | 274,5 M€ (+24,3 %) |
| 9-month adjusted EBITDA | €13.7m (5.0% margin) |
| 2026 guidance | €345m to €360m in sales, €16m to €18m adjusted EBITDA |
The July to September 2025 quarter had closed with €82.8 million in sales at Bike24. A year later, free cash flow for the quarter reached €12.0 million.
Bike24 driven by its localised shops
Bike24 puts sales from its localised shops at €30.7 million for the quarter, up 53.2%. Bike24 added sites for Denmark and Slovenia at the end of June, then for Ireland in July.
The DACH region (Germany, Austria, Switzerland) also grew: €69.6 million, up 21.5%. The bikes category accounted for €23.8 million in sales, up 33.7%.
2026 guidance confirmed
Over the first nine months of the year, Bike24 has accumulated €274.5 million in revenue, up 24.3%, and adjusted EBITDA of €13.7 million, a margin of 5.0%. The company, led by its founder Andrés Martin-Birner, confirms its targets for 2026, revised on 16 September, assuming stable consumer demand, supply chain and shipping conditions: between €345 million and €360 million in sales and adjusted EBITDA of between €16 million and €18 million.
