S 
36.20
+2.70%
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.
Revenue
SEK 1.01bn
FY2019FY2025
Net income
SEK 726.0m
FY2019FY2025
Free cash flow
SEK 543.0m
FY2019FY2025
Shareholders' equity
SEK 8.45bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.01bn | SEK 710.0m | SEK 585.0m | SEK 411.0m | SEK 268.0m | SEK 95.8m | SEK 19.1m |
| Research and development | — | — | SEK 1 | SEK 1 | SEK 4 | SEK 5 | SEK 14 |
| Operating income | SEK 1.14bn | SEK 583.0m | SEK 561.0m | SEK 121.0m | SEK 497,000 | −SEK 35.5m | SEK 8.2m |
| Net income | SEK 726.0m | SEK 587.0m | SEK 308.0m | SEK 419.0m | SEK 752.0m | SEK 416.0m | SEK 208.0m |
| Diluted earnings per share | 2.73 | 2.26 | 1.48 | 2.29 | 4.16 | 1.48 | 0.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 19.32bn | SEK 13.86bn | SEK 10.96bn | SEK 777.0m | SEK 183.0m | SEK 9.1m | SEK 4.6m |
| Cash and short-term investments | SEK 569.0m | SEK 153.0m | SEK 677.0m | SEK 70.0m | SEK 41.0m | SEK 72.2m | SEK 60.2m |
| Total liabilities | SEK 10.87bn | SEK 6.97bn | SEK 5.79bn | SEK 1.0m | SEK 1.0m | SEK 900,000 | SEK 636,000 |
| Debt | SEK 9.56bn | SEK 5.98bn | SEK 3.86bn | SEK 4.0m | SEK 3.72bn | SEK 1.96bn | SEK 275.0m |
| Shareholders' equity | SEK 8.45bn | SEK 6.88bn | SEK 5.17bn | SEK 8.47bn | SEK 6.69bn | SEK 3.69bn | SEK 914.4m |
| Shares outstanding | 266m | 259m | 209m | 183m | 181m | 281m | 281m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 545.0m | SEK 386.0m | SEK 383.0m | SEK 147.0m | SEK 156.0m | SEK 32.4m | SEK 15.9m |
| Capital spending | −SEK 2.0m | — | −SEK 2.0m | −SEK 4.0m | — | — | −SEK 354,000 |
| Free cash flow | SEK 543.0m | SEK 386.0m | SEK 381.0m | SEK 143.0m | SEK 156.0m | SEK 32.4m | SEK 15.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 311.0m | SEK 296.0m | SEK 271.0m | SEK 255.0m | SEK 253.0m | SEK 236.0m | SEK 194.0m | SEK 181.0m |
| Operating income | SEK 270.0m | SEK 329.0m | SEK 303.0m | SEK 221.0m | SEK 216.0m | SEK 258.0m | SEK 158.0m | SEK 152.0m |
| Net income | SEK 146.0m | SEK 231.0m | SEK 220.0m | SEK 151.0m | SEK 135.0m | SEK 219.0m | SEK 189.0m | SEK 70.0m |
| Diluted earnings per share | 0.52 | 0.82 | 0.83 | 0.57 | 0.51 | 0.82 | 0.73 | 0.27 |
| Cash from operations | SEK 146.0m | SEK 112.0m | SEK 170.0m | SEK 174.0m | SEK 141.0m | SEK 60.0m | SEK 120.0m | SEK 55.0m |
| Capital spending | −SEK 145.0m | — | −SEK 170.0m | −SEK 174.0m | — | — | — | −SEK 1.0m |
| Free cash flow | SEK 1.0m | — | SEK 0 | SEK 0 | — | — | — | SEK 54.0m |
| Total assets | SEK 20.08bn | SEK 19.90bn | SEK 19.32bn | SEK 16.85bn | SEK 16.70bn | SEK 15.89bn | SEK 13.86bn | SEK 13.62bn |
| Cash and short-term investments | SEK 109.0m | SEK 63.0m | SEK 569.0m | SEK 191.0m | SEK 159.0m | SEK 104.0m | SEK 153.0m | SEK 1.02bn |
| Debt | SEK 9.70bn | SEK 9.76bn | SEK 9.42bn | SEK 1.32bn | SEK 8.19bn | SEK 7.60bn | SEK 5.87bn | SEK 5.88bn |
| Shareholders' equity | SEK 8.89bn | SEK 8.68bn | SEK 8.45bn | SEK 7.44bn | SEK 7.29bn | SEK 7.15bn | SEK 6.88bn | SEK 6.70bn |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 123.5% | 82.1% | 78.6% | 45.7% | 33.8% | -37.0% | — |
| Net margin | 71.5% | 82.7% | 52.6% | 101.9% | 280.6% | 434.3% | — |
| Return on equity | 8.6% | 8.5% | 6.0% | 4.9% | 11.2% | 11.3% | — |
| Return on assets | 3.8% | 4.2% | 2.8% | 53.9% | 410.9% | 4553.4% | — |
| Free cash flow yield | 6.4% | — | 5.7% | 2.6% | — | — | — |
| Revenue growth | 43.0% | 21.4% | 42.3% | 53.4% | 179.8% | 401.1% | — |
| Earnings growth | 23.7% | 90.6% | -26.5% | -44.3% | 80.8% | 100.0% | — |
| Current ratio | 0.41x | 0.15x | 0.53x | 0.27x | 0.23x | 0.30x | — |
| Debt to equity | 1.12x | 0.85x | 0.95x | 0.48x | 0.54x | 0.51x | — |
| Equity ratio | 43.7% | 49.7% | 47.2% | 1090.6% | 3657.9% | 40371.5% | — |
| Interest coverage | 4.48x | 2.93x | 2.75x | 2.44x | 1.93x | -2.96x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -2.8% | -24.3% | -13.9% | -1.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 30.3% | 54.4% | — |
| Operating income | 111.0% | — | — |
| Net income | 20.1% | 11.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 99.7% | 88.3% | 76.7% | — |
| Net margin | 76.1% | 75.0% | 104.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 15.1 | 17.2 | 22.0 | 10.7 |
| Price to sales | 14.9 | 19.8 | 15.5 | 13.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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