SSH Communications Security Oyj (HEL:SSH1V)
Finland flag Finland · Delayed Price · Currency is EUR
1.780
+0.040 (2.30%)
Aug 7, 2026, 6:29 PM EET

HEL:SSH1V Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
21.9121.6122.1520.3219.2815.93
Revenue Growth
-4.11%-2.44%9.00%5.38%21.06%41.58%
Gross Profit
21.8321.5322.0720.2319.1715.96
Operating Income
-2.48-2.18-0.26-1.65-1.14-1.53
Net Income
-3.73-3.63-2.58-3.89-1.91-3.44
Earnings Per Share
-0.07-0.08-0.06-0.10-0.05-0.09
EPS Growth
------

Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rest of Europe
4.484.093.823.625.9
Other Countries
2.942.112.562.152.1
Finland
7.438.046.857.181.78
US
6.757.917.096.346.15
Total
21.6122.1520.3219.2815.93

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
9.521.123.043.815.878.36
Total Debt
11.32.122.432.623.42
Net Cash (Debt)
8.519.820.921.383.254.94
Net Cash Growth
4150.00%2055.31%-33.17%-57.61%-34.25%-33.09%
Net Cash Per Share
0.170.450.020.030.080.13

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2.721.122.733.253.012.79
Capital Expenditures
-0.63-0.43-1.52-2.67-2.54-1.98
Free Cash Flow
2.090.691.210.580.480.81
Free Cash Flow Growth
885.26%-42.95%108.11%21.80%-41.01%-

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
99.61%99.61%99.66%99.54%99.40%100.20%
Operating Margin
-11.31%-10.08%-1.18%-8.10%-5.93%-9.61%
Pretax Margin
-11.57%-11.73%-2.68%-10.36%-3.53%-11.26%
Profit Margin
-17.02%-16.79%-11.66%-19.12%-9.92%-21.58%
FCF Margin
9.55%3.20%5.47%2.87%2.48%5.09%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
-73.33147.00143.0047.20110.00
P/FCF Ratio
46.47248.4335.1592.50190.75145.82
PS Ratio
4.447.951.922.654.737.42