B 
314.00
+2.21%
Close of 9 Nov 2026, in SEK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in SEK, from our data supplier.
Net income
SEK 1.02bn
FY2016FY2025
Free cash flow
SEK 1.42bn
FY2016FY2025
Shareholders' equity
SEK 1.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | SEK 376.9m | SEK 311.1m | SEK 89.6m | SEK 74.3m | SEK 55.1m | SEK 50.2m | SEK 72.4m | SEK 145.4m | SEK 101.6m | SEK 53.7m |
| Operating income | SEK 1.37bn | −SEK 228.5m | SEK 252.6m | −SEK 10.2m | −SEK 139.5m | −SEK 85.6m | SEK 113.5m | SEK 485.8m | SEK 19.9m | SEK 74.6m |
| Net income | SEK 1.02bn | −SEK 177.1m | SEK 229.2m | −SEK 11.2m | −SEK 119.8m | −SEK 68.5m | SEK 88.5m | SEK 381.6m | SEK 15.2m | SEK 57.6m |
| Diluted earnings per share | 11.58 | -2.00 | 2.60 | -0.13 | -1.11 | -0.78 | 1.00 | 4.28 | 0.17 | 0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.58bn | SEK 1.11bn | SEK 1.19bn | SEK 858.3m | SEK 897.7m | SEK 1.05bn | SEK 1.18bn | SEK 1.39bn | SEK 1.14bn | SEK 708.0m |
| Cash and short-term investments | SEK 2.19bn | SEK 778.9m | SEK 1.11bn | SEK 805.4m | SEK 848.4m | SEK 999.9m | SEK 1.11bn | SEK 917.3m | SEK 1.11bn | SEK 692.5m |
| Total liabilities | SEK 608.1m | SEK 216.7m | SEK 139.5m | SEK 72.1m | SEK 109.1m | SEK 143.0m | SEK 208.8m | SEK 375.3m | SEK 504.3m | SEK 647.2m |
| Debt | SEK 44.1m | SEK 54.2m | SEK 5.0m | SEK 10.0m | SEK 15.9m | SEK 20.8m | SEK 27.4m | −SEK 209.1m | −SEK 473.3m | — |
| Shareholders' equity | SEK 1.97bn | SEK 894.9m | SEK 1.05bn | SEK 786.2m | SEK 788.7m | SEK 907.3m | SEK 974.5m | SEK 1.02bn | SEK 636.1m | SEK 60.8m |
| Shares outstanding | 88m | 88m | 88m | 88m | 108m | 88m | 88m | 89m | 88m | 88m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 1.43bn | −SEK 316.3m | SEK 309.7m | −SEK 31.6m | −SEK 140.5m | −SEK 92.3m | SEK 327.2m | −SEK 200.1m | −SEK 135.3m | SEK 675.1m |
| Capital spending | −SEK 10.2m | −SEK 26.6m | −SEK 7.4m | −SEK 12.7m | −SEK 4.4m | −SEK 12.5m | −SEK 3.3m | −SEK 4.3m | −SEK 3.4m | −SEK 3.0m |
| Free cash flow | SEK 1.42bn | −SEK 343.0m | SEK 302.3m | −SEK 44.4m | −SEK 144.8m | −SEK 104.8m | SEK 323.9m | −SEK 204.3m | −SEK 138.8m | SEK 672.2m |
| Dividends paid | — | — | — | — | — | — | −SEK 132.1m | −SEK 132.1m | −SEK 132.1m | −SEK 105.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 2.5m | SEK 210.8m | SEK 34.7m | −SEK 28.8m | SEK 179.1m | SEK 1.08bn | −SEK 53.5m | −SEK 26.1m |
| Net income | −SEK 11.2m | SEK 212.4m | −SEK 8.8m | −SEK 86.9m | SEK 96.6m | SEK 1.02bn | −SEK 31.5m | −SEK 19.6m |
| Diluted earnings per share | -0.13 | 2.39 | -0.10 | -0.98 | 1.09 | 11.57 | -0.36 | -0.22 |
| Cash from operations | SEK 137.0m | −SEK 166.0m | SEK 313.0m | −SEK 41.0m | SEK 1.15bn | SEK 11.0m | −SEK 27.0m | −SEK 80.0m |
| Capital spending | −SEK 137.0m | — | −SEK 313.0m | — | −SEK 1.15bn | — | — | — |
| Free cash flow | SEK 0 | — | SEK 0 | — | SEK 0 | — | — | — |
| Total assets | SEK 2.82bn | SEK 2.68bn | SEK 2.58bn | SEK 2.60bn | SEK 2.33bn | SEK 2.12bn | SEK 1.11bn | SEK 1.09bn |
| Cash and short-term investments | SEK 1.99bn | SEK 2.03bn | SEK 2.19bn | SEK 1.88bn | SEK 1.92bn | SEK 788.6m | SEK 512.9m | SEK 604.5m |
| Debt | SEK 17.5m | SEK 15.7m | SEK 44.1m | SEK 46.6m | SEK 49.0m | SEK 51.0m | SEK 54.2m | SEK 56.4m |
| Shareholders' equity | SEK 2.02bn | SEK 2.20bn | SEK 1.97bn | SEK 1.97bn | SEK 2.04bn | SEK 1.93bn | SEK 894.9m | SEK 918.6m |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 68.4% | -88.8% | 41.0% | -4.5% | -602.8% | -137.3% |
| Net margin | 51.1% | -68.8% | 37.2% | -4.9% | -517.5% | -109.9% |
| Return on equity | 52.0% | -19.8% | 21.9% | -1.4% | -15.2% | -7.6% |
| Return on assets | 39.7% | -15.9% | 19.3% | -1.3% | -13.3% | -6.5% |
| Free cash flow yield | 5.0% | -1.0% | 1.1% | -0.1% | -0.4% | -0.3% |
| Revenue growth | 676.8% | -58.2% | 169.8% | 886.3% | -62.9% | -77.9% |
| Earnings growth | -677.3% | -177.2% | -2150.9% | -90.7% | 74.8% | -177.4% |
| Current ratio | 4.78x | 5.75x | 9.22x | 11.58x | 8.51x | 9.27x |
| Debt to equity | 0.01x | 0.01x | 0.00x | 0.01x | 0.01x | -0.07x |
| Equity ratio | 76.4% | 80.5% | 88.2% | 91.6% | 87.9% | 86.4% |
| Interest coverage | 36.10x | -123.59x | 666.60x | -13.53x | -166.50x | -77.95x |
| R&D as a share of sales | 18.9% | 120.9% | 14.5% | 32.6% | 237.9% | 80.6% |
| Buybacks as a share of market value | 0.1% | -0.1% | -0.2% | 18.1% | -22.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 106.1% | 100.1% | 47.3% |
| Operating income | — | — | 75.8% |
| Net income | — | — | 75.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 50.5% | 44.6% | 36.3% | 41.5% |
| Net margin | 37.5% | 34.3% | 27.5% | 31.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.8 | -99.6 | 103.2 | -2143.7 | -107.1 | -122.6 | 94.5 | 19.2 | 151.1 |
| Price to sales | 13.7 | 68.5 | 38.4 | 105.0 | — | 134.7 | 29.7 | 10.2 | 16.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2019 | |
|---|---|---|
| Paid in the year | 2.00 | 1.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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