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S

Serstech SERT.ST · SEK

Information Technology · Nasdaq Stockholm · 🇸🇪 Sweden

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0.51

+0.39%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 38.6m

FY2016FY2025

Net income

−SEK 29.3m

FY2016FY2025

Free cash flow

−SEK 37.4m

FY2016FY2025

Shareholders' equity

SEK 47.8m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 38.6mSEK 52.3mSEK 62.8mSEK 25.9mSEK 18.7mSEK 20.5mSEK 18.7mSEK 10.6mSEK 16.8mSEK 17.5m
Research and development—SEK 7.7mSEK 11.8mSEK 7.8mSEK 6.5mSEK 8.4mSEK 9.6mSEK 4.1mSEK 4.1mSEK 4.0m
Operating income−SEK 28.9m−SEK 9.0mSEK 1.1m−SEK 29.3m−SEK 10.7m−SEK 6.5m−SEK 15.5m−SEK 12.0m−SEK 2.3m−SEK 5.9m
Net income−SEK 29.3m−SEK 9.1mSEK 715,000−SEK 29.6m−SEK 10.3m−SEK 6.7m−SEK 15.9m−SEK 12.3m−SEK 2.5m−SEK 6.4m
Diluted earnings per share-0.12-0.040.00-0.35-0.10-0.09-0.23-0.18-0.05-0.13

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 57.5mSEK 94.7mSEK 59.7mSEK 52.5mSEK 66.6mSEK 56.2mSEK 61.8mSEK 48.4mSEK 49.9mSEK 49.7m
Cash and short-term investmentsSEK 9.8mSEK 9.3mSEK 18.5mSEK 1.9mSEK 19.6mSEK 11.4mSEK 15.1mSEK 5.5mSEK 1.8mSEK 3.0m
Total liabilitiesSEK 9.7mSEK 18.2mSEK 11.7mSEK 25.9mSEK 10.4mSEK 12.4mSEK 11.5mSEK 6.1mSEK 15.5mSEK 12.7m
Debt——SEK 1.8mSEK 4.7mSEK 1.7mSEK 2.8mSEK 3.1mSEK 1.8mSEK 2.8mSEK 3.9m
Shareholders' equitySEK 47.8mSEK 76.6mSEK 48.0mSEK 26.6mSEK 56.1mSEK 43.9mSEK 50.4mSEK 42.3mSEK 34.4mSEK 37.0m
Shares outstanding254m208m207m84m100m74m69m69m51m51m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations−SEK 28.0mSEK 562,000SEK 7.6m−SEK 13.2m−SEK 628,000SEK 3.6m−SEK 10.6m−SEK 11.8mSEK 5.9m−SEK 11.8m
Capital spending−SEK 9.4m−SEK 9.1m−SEK 9.0m−SEK 7.6m−SEK 12.6m−SEK 14.3m−SEK 5.5m−SEK 3.7m−SEK 6.1m−SEK 1.2m
Free cash flow−SEK 37.4m−SEK 8.5m−SEK 1.4m−SEK 20.7m−SEK 13.2m−SEK 10.7m−SEK 16.1m−SEK 15.5m−SEK 170,000−SEK 13.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 9.7mSEK 6.4mSEK 20.5mSEK 7.8mSEK 2.4mSEK 19.9mSEK 13.3mSEK 12.7m
Operating income−SEK 4.8m−SEK 6.7m−SEK 10.2m−SEK 6.4m−SEK 11.1m−SEK 1.3m−SEK 4.0m−SEK 8.6m
Net income−SEK 5.5m−SEK 6.6m−SEK 10.5m−SEK 6.4m−SEK 11.1m−SEK 1.3m−SEK 3.7m−SEK 8.5m
Diluted earnings per share-0.02-0.03-0.04-0.03-0.04-0.01-0.02-0.04
Cash from operations−SEK 4.0m−SEK 7.0m−SEK 5.0m−SEK 7.0m−SEK 11.0m−SEK 3.0mSEK 3.0m−SEK 3.0m
Capital spending−SEK 2.0m−SEK 1.0m−SEK 3.0m−SEK 1.0m−SEK 2.0m—−SEK 1.0m−SEK 1.0m
Free cash flow−SEK 6.0m−SEK 8.0m−SEK 8.0m−SEK 8.0m−SEK 13.0m—SEK 2.0m−SEK 4.0m
Total assetsSEK 58.3mSEK 51.0mSEK 57.5mSEK 66.3mSEK 73.1mSEK 90.4mSEK 94.7mSEK 51.3m
Cash and short-term investmentsSEK 4.2mSEK 787,000SEK 9.8mSEK 18.4mSEK 28.0mSEK 42.1mSEK 9.3mSEK 6.9m
DebtSEK 10.0m———————
Shareholders' equitySEK 36.0mSEK 41.2mSEK 47.8mSEK 57.8mSEK 64.2mSEK 75.2mSEK 76.6mSEK 42.6m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue14.2%13.5%30.5%
Operating income-0.4%34.6%14.0%
Net income-0.3%34.2%13.7%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin-41.8%-36.8%-38.1%-44.5%
Net margin-42.3%-37.5%-38.5%-45.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-4.9-29.2163.6-0.8-11.4-20.2-12.9-7.2-17.8-32.8
Price to sales3.85.11.90.96.36.610.98.42.712.0

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.