SSH Communications Security Oyj (HEL:SSH1V)

HEL:SSH1V Financials Overview

Financials in millions EUR. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	22.11	21.61	22.15	20.32	19.28	15.93
Revenue Growth	-4.08%	-2.44%	9.00%	5.38%	21.06%	41.58%
Gross Profit Gross Profit Growth	22.03	21.53	22.07	20.23	19.17	15.96
Operating Income Operating Income Growth	-1.28	-2.18	-0.26	-1.65	-1.14	-1.53
Net Income Net Income Growth	-4.13	-3.63	-2.58	-3.89	-1.91	-3.44
Earnings Per Share EPS Growth	-0.08	-0.08	-0.06	-0.10	-0.05	-0.09
EPS Growth	-	-	-	-	-	-

Revenue by Geography

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rest of Europe Rest of Europe Growth	4.48	4.09	3.82	3.62	5.9
Other Countries Other Countries Growth	2.94	2.11	2.56	2.15	2.1
Finland Finland Growth	7.43	8.04	6.85	7.18	1.78
US US Growth	6.75	7.91	7.09	6.34	6.15
Total Total Growth	21.61	22.15	20.32	19.28	15.93

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	9.5	21.12	3.04	3.81	5.87	8.36
Total Debt Total Debt Growth	1	1.3	2.12	2.43	2.62	3.42
Net Cash (Debt) Net Cash Growth	8.5	19.82	0.92	1.38	3.25	4.94
Net Cash Growth	4150.00%	2055.31%	-33.17%	-57.61%	-34.25%	-33.09%
Net Cash Per Share Net Cash Per Share Growth	0.16	0.45	0.02	0.03	0.08	0.13

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-	1.12	2.73	3.25	3.01	2.79
Capital Expenditures CapEx Growth	-	-0.43	-1.52	-2.67	-2.54	-1.98
Free Cash Flow Free Cash Flow Growth	-	0.69	1.21	0.58	0.48	0.81
Free Cash Flow Growth	-	-42.95%	108.11%	21.80%	-41.01%	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	99.62%	99.61%	99.66%	99.54%	99.40%	100.20%
Operating Margin	-5.78%	-10.08%	-1.18%	-8.10%	-5.93%	-9.61%
Pretax Margin	-14.63%	-11.73%	-2.68%	-10.36%	-3.53%	-11.26%
Profit Margin	-18.68%	-16.79%	-11.66%	-19.12%	-9.92%	-21.58%
FCF Margin	-	3.20%	5.47%	2.87%	2.48%	5.09%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Forward PE	-	73.33	147.00	143.00	47.20	110.00
P/FCF Ratio	46.53	248.43	35.15	92.50	190.75	145.82
PS Ratio	4.40	7.95	1.92	2.65	4.73	7.42

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 28, 2026

Data Sources Report a data error