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
Fortnox AB (publ)
FNOXF
(Other OTC)

Recent

price

8.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.03
0.05
0.08
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
Revenue per Share
- -
0.01
0.01
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
Basic EPS, GAAP
- -
0.01
- -
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
Free Cash Flow per Basic 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
Dividend per Share
-0.04
-0.03
0.06
0.06
0.07
- -
- -
- -
0.02
0.13
0.32
0.61
0.92
1.41
2.21
3.16
3.5
Book Value per Share
0.03
0.04
0.05
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
Tangible Book Value per Share
547
543
541
584
558
595
589
581
594
597
598
600
608
610
610
610
610
Basic Weighted Avg Shares
19
29
43
58
77
95
130
188
268
374
532
694
932
1,276
1,642
2,045
2,141
Sales/Revenue/Turnover
-12.9
12.75
9.94
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
Operating Margin (%)
1
1
1
2
2
2
5
10
18
32
40
67
85
125
158
197
206
Depreciation Expense
-2
4
3
5
4
12
19
33
49
78
135
205
241
347
570
710
770
Net Income, GAAP
- -
17.72
26.92
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
Effective Tax Rate (%)
-9.72
15.14
7.56
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
Profit Margin (%)
6
11
16
25
3
-2
-11
-3
8
64
164
298
246
418
543
967
1,146
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
59
54
46
156
347
329
113
132
132
LT Debt
21
25
32
36
20
27
37
59
99
165
280
469
982
1,281
1,772
2,362
2,571
Total Equity
- -
12.91
10.9
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 Invested Capital (%)
- -
-22.06
49.34
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 Capital (%)
- -
- -
- -
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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