Hilbert Group AB Class B

Hilbert Group AB Class B

SSTO:HILB_B
2.53
SEK
-0.28
(-10.12%)
-2.49EPS
488.63MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
0.51
0.55
0.46
1.86
2.59
36.31
Basic EPS, GAAP
- -
-0.02
-0.26
-0.7
-0.83
-0.6
-2.65
-2.4
Free Cash Flow per Basic Share
- -
0.03
-1.35
-0.49
-0.56
-0.62
-1.46
-1.11
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.21
0.01
1.73
1.06
0.39
0.26
-0.14
0.32
Tangible Book Value per Share
0.21
0.01
0.37
0.1
-0.25
-0.3
-0.48
-1.48
Basic Weighted Avg Shares
49
40
17
49
52
61
79
103
Sales/Revenue/Turnover
- -
- -
9
27
24
113
204
3,723
Operating Margin (%)
- -
-500.61
-63.66
-185.4
-155.22
-39.84
-73.77
-5.7
Depreciation Expense
- -
- -
2
15
14
12
26
39
Net Income, GAAP
- -
-1
-4
-34
-43
-37
-208
-246
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-530.77
-49.84
-126.47
-179.74
-32.49
-102.08
-6.6
Working Capital
10
- -
29
5
-9
-16
-26
-6
LT Debt
- -
- -
- -
6
5
5
64
66
Total Equity
10
- -
104
69
33
23
-19
34
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-14.8
-10.5
-50.12
-118.27
-189.45
- -
-1,151.22

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
61
66
63
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
104
114
124
Market Capitalization
903
672
489

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
20
40
54
Cash, Cash Equivalents & STI
4
5
17
Accounts Receivable, Net
- -
- -
- -
Inventories
1
12
10
Total Current Liabilities
46
52
60
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6,514.78%
-183.07%
Free Cash Flow
- -
-327.92%
203.26%
Net Income, GAAP
- -
321.99%
467.62%
Sales/Revenue/Turnover
- -
1,310.73%
80.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12
27
32
42
113
2025
45
46
52
61
204
2026
3,606
4
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.23
-0.29
-0.03
-0.6
2025
-0.37
-0.36
-0.66
-1.06
-2.65
2026
-0.38
-0.37
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

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

Company Description

CEO
Barnali Biswal
Full Time Employees
2
Sector
Technology services
Industry
Packaged software
Address
Birger Jarlsgatan 2 Stockholm AB Sweden 114 11
IPO Date
Oct 27, 2021
Business
Hilbert Group AB (publ) (Nasdaq First North Growth Market: HILB B) operates as a tech-enabled investment holding company specializing in quantitative, algorithmic trading strategies within digital asset markets, including cryptocurrencies and blockchain technologies. The company conducts activities across four core verticals: asset management through Hilbert Capital, which offers hedge funds such as the Hilbert Liberty Fund, Hilbert Multi-Strat Fund, Hilbert V1 Fund, BTC Basis+, USD Basis+, and V30 Fund, alongside managed accounts and white-labelled funds for institutional investors and high-net-worth individuals; proprietary trading for strategy incubation; equity investments in blockchain firms like Coin360 (60% stake, providing cryptocurrency market data visualization and analytics) and CapChap (5.7% stake, a blockchain-secured SaaS platform for corporate actions); and data & analytics services delivering market data, on-chain analytics, and tools like heatmaps via its COIN360 subsidiary. Hilbert Group serves wealthy individuals and institutions globally, with primary operations in Europe and exposure to international markets through partnerships. Founded in 2018 by Dr. Magnus Holm and Dr. Niclas Sandström and headquartered at Birger Jarlsgatan 2 in Stockholm, Sweden, the company listed on Nasdaq First North in 2021. Recent developments include the acquisition of Liberty Road Capital in March 2025, adding AI-driven strategies and approximately USD 110 million in assets under management; the full acquisition of Nordark (Nordfinex Holding AB), a crypto banking platform, in September 2025; a strategic financing agreement with Helena Partners in 2025 providing up to USD 10 million in convertible bond financing with shareholder protections; a USD 105 million liquidity commitment to subsidiary Syntetika from Caddy Finance (scalable to USD 205 million); launch of the Syntetika tokenization platform and SyntX decentralized exchange for real-world assets and tokenized funds in partnership with PPN Labs and Galactica; appointment of Barnali Biswal as CEO in January 2025 and Russell Thompson as Group Chief Investment Officer; strategic investments such as in Concordium's CCD token and a Bitcoin treasury accumulation strategy; and board enhancements with Jonathan Morris as Chairman and Steen Jakobsen, former Saxo Bank CIO, as a member in 2025.