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    Technology services

  3. •

    Packaged software
11 Bit Studios SA

11 Bit Studios SA

27.54
EUR
0.00
(0.00%)
-0.24EPS
76.58MMarket Cap
Nov 25Next Earn
11 Bit Studios SA
GETTEX:11C
(Gettex)

Recent

price

27.54

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
0.25
1.63
2.16
2.57
7.13
10.45
12.18
8.5
35.9
31.14
37.61
29.75
31.31
21.81
58.14
58.35
53.32
Revenue per Share
-0.12
0.69
0.61
0.45
4.14
5.22
5.83
1.52
16.42
10.37
16.13
12.17
9.66
0.22
2.85
2.87
-1.05
Basic EPS, GAAP
-0.41
0.13
-0.38
-0.03
1.22
6.71
3.04
0.18
5.45
11.9
3.42
5.12
-5.38
-15.4
-19.86
10.81
18.95
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.68
1.37
3.12
3.57
7.68
12.93
19
20.21
39.31
52.35
69.75
83.37
94.34
93.94
95.12
97.81
97.53
Book Value per Share
0.68
1.34
3.1
3.36
4.84
10.05
15.43
14.5
31.82
41.48
52.02
56.58
50.56
27.94
40.14
47.45
46.85
Tangible Book Value per Share
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Basic Weighted Avg Shares
- -
3
5
6
16
23
27
19
82
71
87
70
74
52
141
141
129
Sales/Revenue/Turnover
-59.87
47.78
37.45
24.42
70.89
59.4
53.86
39.46
57.24
36.46
47.03
42.93
26.91
14.56
45.48
15.88
0.56
Operating Margin (%)
- -
- -
- -
- -
- -
2
5
2
4
6
10
9
6
4
20
50
59
Depreciation Expense
- -
1
1
1
9
12
13
3
38
24
37
29
23
1
7
7
-3
Net Income, GAAP
- -
18.44
20.19
21.48
19.32
21.22
17.81
22.16
21.94
12.27
8.09
9.89
15.93
- -
- -
39.63
- -
Effective Tax Rate (%)
-48.77
42.32
28.04
17.66
58.14
49.92
47.86
17.84
45.73
33.31
42.9
40.91
30.85
1.01
4.91
4.92
-1.97
Profit Margin (%)
1
2
7
7
12
22
33
30
61
81
105
116
91
42
65
64
50
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
11
11
9
8
7
6
5
3
3
LT Debt
1
3
7
8
17
29
42
46
90
120
165
197
225
227
230
236
236
Total Equity
- -
61.74
29.65
14.43
67.14
45.09
32.38
13.38
49
19.27
24.31
14.1
7.59
- -
- -
5.48
- -
Return on Invested Capital (%)
- -
67.54
28.39
13.59
73.65
50.64
36.52
7.74
50.43
20.24
24.42
15.08
10.59
- -
- -
2.99
- -
Return on Capital (%)
- -
67.52
28.38
13.59
73.64
50.62
36.52
7.74
55.17
22.63
26.28
15.85
10.85
0.23
3.02
2.98
-1.07
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
3
2
2
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
356
313
329

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
93
87
70
Cash, Cash Equivalents & STI
72
71
54
Accounts Receivable, Net
18
11
11
Inventories
- -
- -
- -
Total Current Liabilities
29
26
20
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.07%
7.77%
2.83%
Free Cash Flow
278.89%
-17.59%
-154.43%
Net Income, GAAP
202.98%
214.42%
0.63%
Sales/Revenue/Turnover
45.13%
25.2%
0.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
15
76
34
141
2025
18
40
44
40
141
2026
20
25
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.66
0.46
19.87
-16.82
2.85
2025
-2.64
6.15
5.58
-6.22
2.87
2026
-1.15
0.74
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
11 bit studios S.A. is a Polish video game developer and publisher headquartered in Warsaw, Poland, founded in 2010. The company specializes in developing and publishing strategy, survival, and role-playing video games across multiple platforms, including PC and consoles. Its core products include critically acclaimed proprietary game titles such as Frostpunk and its sequel Frostpunk 2, as well as third-party games like Moonlighter 2: The Endless Vault and Death Howl. Besides game development, 11 bit studios operates a publishing division managing third-party game releases. Its portfolio features a diverse range of strategy and survival games with strong narrative and atmospheric elements. In recent years, 11 bit studios has significantly expanded its business, achieving its highest revenue in 2024 with PLN 140.54 million, driven largely by the successful launch and sales of Frostpunk 2, which sold over 590,000 copies. The company reported a net profit amid increased operational investments and has focused on launching new proprietary titles including the development of Frostpunk 1886, a platform game expansion of the Frostpunk universe. Its publishing division has ramped up activities with planned releases of Moonlighter 2 and Death Howl, reflecting a strategic refinement towards a balanced portfolio of proprietary and third-party offerings. Furthermore, 11 bit studios signed a licensing agreement with Microsoft to include several titles, including Death Howl, on the Xbox Game Pass subscription service, marking a key strategic alliance to broaden market reach. Overall, 11 bit studios operates principally in the digital entertainment industry with a focus on game development and publishing. It targets global markets, primarily gamers interested in immersive and narrative-driven strategy and survival experiences. The company’s recent operational changes include increased investments in new game projects and strategic partnerships, along with a strengthened cash position to support continued growth and innovation within the gaming sector.