1. Sweden Stocks

  2. •

    Technology

  3. •

    Software - Application
Fortnox AB (publ)

Fortnox AB (publ)

FNOXF
Fortnox AB (publ)US flagOther OTC
8.45
USD
- -
- -
5.67BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.1
0.14
0.16
0.22
0.32
0.45
0.63
0.89
1.16
1.53
2.09
2.69
3.35
3.51
Basic EPS, GAAP
0.01
0.01
0.02
0.03
0.06
0.08
0.13
0.23
0.34
0.4
0.57
0.93
1.16
1.26
Free Cash Flow per Basic Share
0.01
0.03
0.01
0.04
0.04
0.09
0.14
0.25
0.3
0.35
0.5
0.79
0.89
1.07
Dividend per Share
- -
0.01
0.01
0.01
0.02
0.02
0.02
0.03
0.05
0.08
0.08
0.12
0.2
0.2
Book Value per Share
0.06
0.07
- -
- -
- -
0.02
0.13
0.32
0.61
0.92
1.41
2.21
3.16
3.5
Tangible Book Value per Share
0.05
0.02
0.01
-0.01
- -
0.04
0.14
0.31
0.58
-0.01
0.28
1.01
2.17
2.5
Basic Weighted Avg Shares
584
558
595
589
581
594
597
598
600
608
610
610
610
610
Sales/Revenue/Turnover
58
77
95
130
188
268
374
532
694
932
1,276
1,642
2,045
2,141
Operating Margin (%)
13.14
7.17
16.47
18.92
21.71
21.88
27.43
32.48
38.26
33.77
36.76
41.23
43.23
43.86
Depreciation Expense
2
2
2
5
10
18
32
40
67
85
125
158
197
206
Net Income, GAAP
5
4
12
19
33
49
78
135
205
241
347
570
710
770
Effective Tax Rate (%)
40.79
22.75
22.48
22.21
22.19
22.23
22.66
21.59
21.66
21.92
23.4
15.81
20.13
19.85
Profit Margin (%)
8.07
5.84
13.15
14.98
17.29
18.15
20.96
25.31
29.61
25.87
27.19
34.71
34.72
35.96
Working Capital
25
3
-2
-11
-3
8
64
164
298
246
418
543
967
1,146
LT Debt
- -
- -
- -
- -
- -
59
54
46
156
347
329
113
132
132
Total Equity
36
20
27
37
59
99
165
280
469
982
1,281
1,772
2,362
2,571
Return on Invested Capital (%)
13.24
15.16
51.39
56.48
58.6
32.41
30.79
40.2
38.77
22.01
22.12
30.38
30.01
30.11
Return on Capital (%)
13.75
11.72
61.34
1,131.79
1,564.29
88.67
53.32
61.84
52.58
30.61
31.04
42.64
39.94
39.03
Return on Common Equity (%)
13.73
11.72
61.02
1,663.02
2,786.75
650
172.13
100.29
73.65
51.92
48.8
51.63
43.37
42.45

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
41
43
45
LT Borrowings
- -
- -
- -
LT Finance Leases
131
132
132
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
610
610
610
Market Capitalization
44,604
45,387
41,180

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
1,906
1,794
1,983
Cash, Cash Equivalents & STI
660
810
896
Accounts Receivable, Net
544
76
76
Inventories
- -
- -
- -
Total Current Liabilities
822
827
837
Payables & Accruals
- -
- -
- -
ST Debt
41
43
45
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
58.12%
55.81%
33.3%
Free Cash Flow
80.21%
30.43%
12.92%
Net Income, GAAP
50.81%
40.53%
24.56%
Sales/Revenue/Turnover
36.07%
30.97%
24.54%
Total Cash Common Dividend
34.33%
43.82%
67.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
370
404
416
451
1,642
2024
467
515
523
540
2,045
2025
563
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.17
0.21
0.24
0.31
0.93
2024
0.24
0.27
0.31
0.34
1.16
2025
0.34
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.12
- -
- -
0.12
2024
- -
0.2
- -
- -
0.2
2025
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Roger Hartelius
Full Time Employees
889
Sector
Technology
Industry
Software - Application
Address
Bollgatan 3B Växjö Sweden 352 46
IPO Date
Feb 15, 2022
Website
fortnox.se
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Business
Fortnox AB (publ) (FNOXF) develops and provides cloud-based software solutions for accounting, invoicing, payroll, time tracking, and integrated financial services targeted at small and medium-sized enterprises, accounting firms, and organizations primarily in Sweden. The company offers a comprehensive suite of products including bookkeeping, bookkeeping approval and review, supplier invoice approval, invoice data capture, fixed assets register, read-only and audit access; billing solutions such as invoicing, basic invoicing, inventory management, quotes, orders, autogiro/direct debit, and time reporting; as well as annual accounts and taxes, reconciliation and reporting, group consolidation, and company manager reporting tools. Founded in 2001 and headquartered in Växjö, Sweden, with additional offices in Malmö, Linköping, and Stockholm, Fortnox operates a modern, cloud-native platform that supports over 600,000 businesses through accountant-led distribution, in-app cross-selling, and an ecosystem of more than 500 marketplace apps and 8,500 custom integrations. In 2025, a consortium comprising funds managed by EQT X and First Kraft AB acquired Fortnox in a transaction valued at approximately SEK 44.5 billion, leading to its delisting from Nasdaq Stockholm on July 24, with Interogo Holding participating as a minority co-investor; the company also reported strong Q1 2025 results featuring 25% organic growth, net sales of SEK 563 million, and a 44% EBIT margin.

Company News

APIChatGPT

  • seekingalpha.com

    Fortnox AB (publ) (FNOXF) Q1 2025 Earnings Call Transcript

  • seekingalpha.com

    Fortnox AB (publ) (FNOXF) Q4 2024 Earnings Call Transcript

  • seekingalpha.com

    Fortnox: Sweden's Hidden Accounting SaaS Provider

  • seekingalpha.com

    Fortnox AB (FNOXF) Q3 2024 Earnings Call Transcript