P 
Paradox Interactive AB (publ) PDX.ST · SEK
Communication Services · Nasdaq Stockholm · 🇸🇪 Sweden
145.50
+1.89%
Close of 9 Nov 2026, in SEK
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At a glance
Figures in SEK, from our data supplier.
Revenue
SEK 2.19bn
FY2016FY2025
Net income
SEK 125.5m
FY2016FY2025
Free cash flow
SEK 1.23bn
FY2016FY2025
Shareholders' equity
SEK 2.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.19bn | SEK 2.20bn | SEK 2.64bn | SEK 1.97bn | SEK 1.45bn | SEK 1.79bn | SEK 1.29bn | SEK 1.13bn | SEK 813.8m | SEK 653.7m |
| Gross profit | SEK 524.0m | SEK 997.3m | SEK 1.25bn | SEK 1.11bn | SEK 566.5m | SEK 988.1m | SEK 789.0m | SEK 719.4m | SEK 532.9m | SEK 429.0m |
| Research and development | — | — | SEK 863.3m | SEK 343.2m | SEK 230.1m | SEK 221.6m | SEK 126.1m | SEK 75.8m | SEK 72.2m | SEK 39.4m |
| Operating income | SEK 188.3m | SEK 721.4m | SEK 657.9m | SEK 887.1m | SEK 307.5m | SEK 632.1m | SEK 473.5m | SEK 455.1m | SEK 339.8m | SEK 308.0m |
| Net income | SEK 125.5m | SEK 584.6m | SEK 530.6m | SEK 708.7m | SEK 247.8m | SEK 490.6m | SEK 374.1m | SEK 353.9m | SEK 264.9m | SEK 240.4m |
| Diluted earnings per share | 1.19 | 5.53 | 5.02 | 6.71 | 2.34 | 4.65 | 3.54 | 3.35 | 2.51 | 2.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 3.17bn | SEK 3.53bn | SEK 3.58bn | SEK 3.14bn | SEK 2.52bn | SEK 2.52bn | SEK 1.94bn | SEK 1.20bn | SEK 782.3m | SEK 582.6m |
| Cash and short-term investments | SEK 1.38bn | SEK 1.47bn | SEK 1.30bn | SEK 747.5m | SEK 599.7m | SEK 767.6m | SEK 554.2m | SEK 327.0m | SEK 320.1m | SEK 246.9m |
| Total liabilities | SEK 671.3m | SEK 622.7m | SEK 959.7m | SEK 849.0m | SEK 861.1m | SEK 1.01bn | SEK 817.1m | SEK 343.2m | SEK 182.4m | SEK 142.7m |
| Debt | SEK 165.2m | SEK 64.8m | SEK 108.6m | SEK 140.5m | SEK 169.0m | SEK 201.9m | SEK 236.3m | — | — | — |
| Shareholders' equity | SEK 2.50bn | SEK 2.91bn | SEK 2.62bn | SEK 2.29bn | SEK 1.66bn | SEK 1.51bn | SEK 1.13bn | SEK 853.8m | SEK 599.9m | SEK 439.9m |
| Shares outstanding | 106m | 106m | 106m | 106m | 106m | 106m | 106m | 106m | 106m | 106m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 1.24bn | SEK 1.12bn | SEK 1.45bn | SEK 1.08bn | SEK 736.6m | SEK 1.13bn | SEK 727.8m | SEK 575.1m | SEK 435.4m | SEK 287.7m |
| Capital spending | −SEK 3.2m | −SEK 603.7m | −SEK 706.2m | −SEK 795.9m | −SEK 749.2m | −SEK 641.6m | −SEK 454.8m | −SEK 384.1m | −SEK 221.1m | −SEK 129.9m |
| Free cash flow | SEK 1.23bn | SEK 519.9m | SEK 745.6m | SEK 288.9m | −SEK 12.7m | SEK 484.7m | SEK 273.0m | SEK 191.1m | SEK 214.3m | SEK 157.8m |
| Dividends paid | −SEK 528.1m | −SEK 316.9m | −SEK 211.2m | −SEK 105.6m | −SEK 105.6m | −SEK 105.6m | −SEK 105.6m | −SEK 105.6m | −SEK 105.6m | −SEK 70.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 524.0m | SEK 431.1m | SEK 874.8m | SEK 395.0m | SEK 458.6m | SEK 463.6m | SEK 709.1m | SEK 434.0m |
| Gross profit | SEK 262.0m | SEK 166.7m | −SEK 128.6m | SEK 188.9m | SEK 226.4m | SEK 239.9m | SEK 446.4m | SEK 216.9m |
| Operating income | SEK 179.0m | SEK 100.8m | −SEK 239.3m | SEK 112.6m | SEK 133.0m | SEK 169.4m | SEK 395.3m | SEK 142.8m |
| Net income | SEK 149.0m | SEK 86.2m | −SEK 201.4m | SEK 92.9m | SEK 110.3m | SEK 123.7m | SEK 310.8m | SEK 119.7m |
| Diluted earnings per share | 1.41 | 0.81 | -1.91 | 0.88 | 1.04 | 1.17 | 2.94 | 1.13 |
| Cash from operations | SEK 105.0m | SEK 308.0m | SEK 513.0m | SEK 195.0m | SEK 261.0m | SEK 266.0m | SEK 441.0m | SEK 153.0m |
| Capital spending | −SEK 1.0m | −SEK 122.0m | −SEK 1.0m | — | −SEK 207.0m | — | −SEK 158.0m | — |
| Free cash flow | SEK 104.0m | SEK 186.0m | SEK 512.0m | — | SEK 54.0m | — | SEK 283.0m | — |
| Total assets | SEK 2.90bn | SEK 3.25bn | SEK 3.17bn | SEK 3.47bn | SEK 3.24bn | SEK 3.62bn | SEK 3.53bn | SEK 3.24bn |
| Cash and short-term investments | SEK 956.0m | SEK 1.55bn | SEK 1.38bn | SEK 1.02bn | SEK 1.02bn | SEK 1.50bn | SEK 1.47bn | SEK 1.19bn |
| Debt | SEK 26.0m | SEK 25.0m | SEK 193.1m | SEK 175.2m | SEK 45.1m | SEK 85.4m | SEK 95.7m | SEK 104.9m |
| Shareholders' equity | SEK 2.22bn | SEK 2.59bn | SEK 2.50bn | SEK 2.70bn | SEK 2.61bn | SEK 3.02bn | SEK 2.91bn | SEK 2.59bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 23.9% | 45.3% | 47.3% | 56.3% | 39.1% | 55.1% | — | — |
| Operating margin | 8.6% | 32.8% | 24.9% | 45.0% | 21.2% | 35.2% | — | — |
| Net margin | 5.7% | 26.6% | 20.1% | 35.9% | 17.1% | 27.3% | — | — |
| Return on equity | 5.0% | 20.1% | 20.2% | 30.9% | 14.9% | 32.5% | — | — |
| Return on assets | 4.0% | 16.6% | 14.8% | 22.6% | 9.8% | 19.5% | — | — |
| Free cash flow yield | 7.7% | 10.7% | 13.4% | 11.7% | 9.2% | 11.0% | — | — |
| Revenue growth | -0.4% | -16.7% | 33.9% | 36.3% | -19.3% | 39.1% | — | — |
| Earnings growth | -78.5% | 10.2% | -25.1% | 186.0% | -49.5% | 31.1% | — | — |
| Current ratio | 4.81x | 4.48x | 2.49x | 1.82x | 1.48x | 1.57x | — | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.02x | -0.15x | -0.13x | — | — |
| Equity ratio | 78.8% | 82.4% | 73.2% | 73.0% | 65.9% | 59.9% | — | — |
| Interest coverage | 90.88x | 117.01x | 61.86x | 133.25x | 75.50x | 132.38x | — | — |
| R&D as a share of sales | — | — | 32.7% | 17.4% | 15.9% | 12.4% | 9.8% | 6.7% |
| Buybacks as a share of market value | 0.1% | 0.1% | -0.2% | 0.2% | -0.2% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 4.1% | 13.8% |
| Operating income | -40.3% | -21.5% | -2.5% |
| Net income | -43.9% | -23.9% | -4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.6% | 43.1% | 44.4% | 49.3% |
| Operating margin | 20.7% | 27.3% | 27.7% | 31.1% |
| Net margin | 16.2% | 21.6% | 21.9% | 24.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 136.9 | 37.1 | 44.9 | 31.6 | 76.3 | 55.1 | 42.3 | 40.0 | 37.2 | 22.3 |
| Price to sales | 7.8 | 9.9 | 9.0 | 11.4 | 13.1 | 15.1 | 12.3 | 12.6 | 12.1 | 8.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 13 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 2.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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