Fortnox AB Income Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,141	2,045	1,642	1,276	932	693.72
Other Revenue	-1	-1	-	-	-0.1	-
Revenue	2,140	2,044	1,642	1,276	931.9	693.72
Revenue Growth (YoY)	23.06%	24.48%	28.68%	36.93%	34.33%	30.38%
Cost of Revenue	783	759	598	488	381.3	301.52
Gross Profit	1,357	1,285	1,044	788	550.6	392.2
Selling, General & Admin	279	267	238	217	167.6	74.77
Other Operating Expenses	-65	-55	-28	-23	-16.6	-14.61
Operating Expenses	420	409	368	318	235.6	123.19
Operating Income	937	876	676	470	315	269.01
Interest Expense	-10	-10	-11	-8	-4	-3.26
Interest & Investment Income	35	24	15	1	0.1	-
Earnings From Equity Investments	-2	-2	-	-5	-2	-
Other Non Operating Income (Expenses)	2	2	-1	-	-	-
EBT Excluding Unusual Items	962	890	679	458	309.1	265.75
Asset Writedown	-	-1	-2	-5	-0.3	-3.59
Pretax Income	962	889	677	453	308.8	262.15
Income Tax Expense	191	179	107	106	67.7	56.77
Earnings From Continuing Operations	771	710	570	347	241.1	205.38
Net Income	771	710	570	347	241.1	205.38
Net Income to Common	771	710	570	347	241.1	205.38
Net Income Growth	25.77%	24.56%	64.27%	43.92%	17.39%	52.53%
Shares Outstanding (Basic)	610	610	610	610	608	600
Shares Outstanding (Diluted)	610	610	610	610	608	603
Shares Change (YoY)	-0.00%	-0.01%	0.02%	0.21%	0.92%	0.04%
EPS (Basic)	1.26	1.16	0.93	0.57	0.40	0.34
EPS (Diluted)	1.26	1.16	0.93	0.57	0.40	0.34
EPS Growth	26.00%	24.73%	63.42%	43.50%	16.64%	52.47%
Free Cash Flow	819	710	642	431	304.1	242.64
Free Cash Flow Per Share	1.34	1.16	1.05	0.71	0.50	0.40
Dividend Per Share	0.250	0.250	0.200	0.120	0.080	0.075
Dividend Growth	25.00%	25.00%	66.67%	50.00%	6.67%	50.00%
Gross Margin	63.41%	62.87%	63.58%	61.76%	59.08%	56.54%
Operating Margin	43.79%	42.86%	41.17%	36.83%	33.80%	38.78%
Profit Margin	36.03%	34.74%	34.71%	27.19%	25.87%	29.61%
Free Cash Flow Margin	38.27%	34.74%	39.10%	33.78%	32.63%	34.98%
EBITDA	971	901	699	492	329	274.09
EBITDA Margin	45.37%	44.08%	42.57%	38.56%	35.30%	39.51%
D&A For EBITDA	34	25	23	22	14	5.08
EBIT	937	876	676	470	315	269.01
EBIT Margin	43.79%	42.86%	41.17%	36.83%	33.80%	38.78%
Effective Tax Rate	19.85%	20.14%	15.80%	23.40%	21.92%	21.65%
Revenue as Reported	2,205	2,099	1,670	1,298	948.5	708.33

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.