Milestone Systems reported continued business growth in 2025, increasing net revenue by 10 percent to €298 million. During the year, nearly one-third of revenue was reinvested in innovation, with particular emphasis on video analytics, responsible use of artificial intelligence, and cloud technologies.
The financial results confirm the company’s steady development, having more than doubled its revenue over the past five years. Operating income reached €14 million, while investments in research and development rose to €85 million, accounting for 28.8 percent of total revenue. The year was also marked by key strategic activities, including collaboration with NVIDIA and the launch of Project Hafnia. Milestone further expanded its portfolio by integrating BriefCam and Arcules solutions, as well as acquiring brighter AI, a company specializing in anonymization technologies.
“2025 was a strong year for Milestone, with continued revenue growth and further strengthening of our technology portfolio,” said Lars Larsen, the company’s Chief Financial Officer.
CEO Jeppe Frandsen highlighted that the company is entering a new phase of development, emphasizing the importance of its open platform and expanded solution portfolio. “Our focus is on developing solutions that enable customers to get the most value out of their video systems through advanced analytics and cloud technologies,” Frandsen stated.
Project Hafnia, developed in collaboration with NVIDIA, aims to improve access to high-quality video data for training AI models, with pilot projects in Italy and the United States. For 2026, Milestone plans to continue investing in cloud solutions, analytics, and responsible AI, with the goal of further enhancing the value of video data and supporting customers in making faster and more informed decisions.

































