Milestone grows net revenue to USD 340 million in 2025

COPENHAGEN, Denmark — Milestone Systems continued to grow in 2025, increasing net revenue by 10% to USD 340 million (DKK 2.2 billion), with nearly a third being reinvested in innovation and fueling new advances in video analytics, responsible AI and cloud technology.

2025 was a year with major milestones and innovations: Collaboration with tech giant NVIDIA on artificial intelligence and video, launch of Project Hafnia and the world’s first compliant data library for AI-training, and not least, the integration of AI-driven analytics and cloud solutions in Milestone Systems product portfolio.

Milestone said its financial performance in 2025 reflects steady growth and the impact of the recent strategic acquisitions. Over the past five years, Milestone has more than doubled net revenue to now USD 340 million in 2025.

Overall operating income reached USD 16 million (DKK 104 million), compared with USD 16.5 million in 2024, and Research and Development investments grew to USD 102 million (DKK 633 million) reflecting the company’s acquisitions and continued focus on building future-ready technology. R&D expenses corresponded to 28.8% of net revenue, compared with 24.8% in 2024.

“2025 was a strong year for Milestone,” said Lars Larsen, Chief Financial Officer. “We saw continued revenue growth and formally integrated BriefCam video analytics and Arcules Cloud video surveillance as a service into Milestone. We also acquired anonymization technology provider brighter AI and launched Project Hafnia for developing future AI solutions. These achievements allow us to continuously innovate and invest in next‑generation software.”

CEO Jeppe Frandsen highlighted that Milestone’s 27th year in business marked a significant transformation for the company.

“For nearly three decades, our open platform has been the heart of Milestone and remains so. In addition to XProtect video management software, we now have an expanded portfolio to offer to our partners and the world,” said Frandsen.

In 2025, Milestone introduced Project Hafnia – a collaboration with NVIDIA – which aims to address a significant challenge for AI developers across the globe: the ability to find sufficient high-quality, accurate and reliable video data to train visual AI models. Milestone launched pilot programs with Genoa, Italy, and Dubuque, Iowa. As part of the NVIDIA collaboration, Milestone launched a vision‑language model (VLM) and a Video Summarization tool for XProtect. Powered by NVIDIA Cosmos Reason, the tool uses AI to rapidly review and summarize video into text.

“Looking ahead, we will continue to innovate in 2026 – both in terms of our products and in the ways in which we create value for our customers and partners,” Frandsen concluded.