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Flat Capital AB Class B

Flat Capital AB Class B

SSTO:FLAT_B
7.63
SEK
-0.06
(-0.78%)
-9.54EPS
6.39BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.03
0.47
0.61
-0.15
0.02
- -
0.47
Basic EPS, GAAP
1.25
1.91
3.43
-1.64
-2.06
1.93
-12.72
-9.54
Free Cash Flow per Basic Share
- -
-0.01
-0.23
-0.12
-0.16
0.09
-0.12
-0.08
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.2
3.66
9.28
8.64
7.42
9.83
13.91
11.14
Tangible Book Value per Share
2.2
3.66
9.28
8.64
7.42
9.83
13.91
11.14
Basic Weighted Avg Shares
18
18
20
40
41
56
180
398
Sales/Revenue/Turnover
- -
1
9
24
-6
1
- -
187
Operating Margin (%)
- -
5,687.08
807.3
-296.46
1,358.11
7,862.74
-1,952,759.83
-2,000.09
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
22
34
68
-65
-83
108
-2,290
-3,797
Effective Tax Rate (%)
- -
- -
8.98
- -
- -
- -
- -
- -
Profit Margin (%)
- -
5,665.1
733.76
-267.58
1,339.51
8,209.13
-1,957,641.88
-2,027.17
Working Capital
1
2
47
75
163
154
142
327
LT Debt
7
8
- -
- -
- -
- -
- -
485
Total Equity
51
85
338
347
413
658
6,927
5,545
Return on Invested Capital (%)
- -
44.93
31.52
- -
- -
19.31
- -
- -
Return on Capital (%)
- -
44.93
31.52
- -
- -
20.16
- -
- -
Return on Common Equity (%)
- -
49.61
32.07
-18.89
-21.95
20.16
-60.4
-109.78

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
498
498
498
Market Capitalization
7,348
4,605
6,387

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
144
613
335
Cash, Cash Equivalents & STI
144
169
334
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
8
7
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
266.27%
952.81%
Free Cash Flow
- -
264.21%
-508.18%
Net Income, GAAP
- -
-503.42%
-2,221.76%
Sales/Revenue/Turnover
- -
254.54%
-91.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
2
1
2
1
2025
- -
-6
1
4
- -
2026
- -
183
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.19
-0.57
0.4
2.18
1.93
2025
-0.14
1.96
1.11
-5.06
-12.72
2026
-6.56
3.78
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rickard El Tarzi
Full Time Employees
2
Sector
Finance
Industry
Investment managers
Address
Norrlandsgatan 10 Stockholm AB Sweden 111 43
IPO Date
Oct 20, 2021
Website
flatcapital.com
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Business
Flat Capital AB (publ) (FLAT B:STO) is a Sweden-based investment company focused on long-term, passive minority investments in unlisted growth-stage companies led by dedicated entrepreneurs worldwide; its portfolio includes prominent holdings such as Klarna, OpenAI, Instabee, Figma, DeepL, Perplexity, Physical Intelligence, ElevenLabs and Magic. Founded in 2013 and headquartered in Stockholm, the company operates globally with a significant portion of its current investments in Nordic companies, leveraging a unique network of investors and entrepreneurs to access opportunities typically unavailable to public markets; it targets attractive markets driven by structural trends like AI and maintains low ongoing costs with a hands-off approach. Recent developments include the completion in October 2025 of the integration of Double Sunday AB, which holds over 24 million shares in Klarna, via in-kind issues approved at an extraordinary general meeting; investments of approximately 38.5 MSEK in a second AI portfolio of four leading U.S. AI companies through a Special Purpose Vehicle tied to its OpenAI relationship; additional funding in AI robotics firm Physical Intelligence bringing total exposure to about 18 MSEK; and a strategic expansion in early 2025 to include selected defense sector opportunities.