Fortnox AB Balance Sheet

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
Cash & Equivalents	896	810	514	435	373.3	412.61
Cash & Short-Term Investments	896	810	514	435	373.3	412.61
Cash Growth	137.67%	57.59%	18.16%	16.53%	-9.53%	54.50%
Accounts Receivable	725	97	160	153	129.4	64.04
Other Receivables	64	594	366	228	188.8	118.65
Receivables	1,050	949	719	516	371.8	182.68
Prepaid Expenses	38	34	33	26	16.6	8.86
Other Current Assets	-1	1	-	-1	0.1	-
Total Current Assets	1,983	1,794	1,266	976	761.8	604.16
Property, Plant & Equipment	221	216	167	192	205.4	205.11
Long-Term Investments	330	313	23	26	16.6	-
Goodwill	485	485	610	610	605.6	-
Other Intangible Assets	562	555	545	497	380.1	121.38
Long-Term Deferred Tax Assets	33	32	43	1	1.4	0.77
Other Long-Term Assets	1	1	-2	-	0.3	-
Total Assets	3,615	3,396	2,652	2,302	1,971	931.42
Accounts Payable	32	25	45	27	24	16.94
Accrued Expenses	121	102	92	79	63.4	47.63
Short-Term Debt	-	-	-	-	113.9	-
Current Portion of Leases	45	43	33	34	29.1	20.53
Current Income Taxes Payable	88	148	133	87	69.8	57.29
Current Unearned Revenue	480	430	350	272	173.3	142.33
Other Current Liabilities	71	79	70	59	41.8	21.31
Total Current Liabilities	837	827	723	558	515.3	306.04
Long-Term Debt	-	-	-	200	200	-
Long-Term Leases	132	132	113	129	147.1	156.13
Long-Term Deferred Tax Liabilities	24	25	33	37	36.4	-
Other Long-Term Liabilities	51	50	11	97	90.7	-
Total Liabilities	1,044	1,034	880	1,021	989.5	462.17
Common Stock	1	1	1	1	1.2	1.2
Additional Paid-In Capital	437	437	424	421	419.6	102.63
Retained Earnings	2,132	1,925	1,347	859	560.9	365.42
Comprehensive Income & Other	1	-1	-	-	-	-
Total Common Equity	2,571	2,362	1,772	1,281	981.7	469.26
Shareholders' Equity	2,571	2,362	1,772	1,281	981.7	469.26
Total Liabilities & Equity	3,615	3,396	2,652	2,302	1,971	931.42
Total Debt	177	175	146	363	490.1	176.66
Net Cash (Debt)	719	635	368	72	-116.8	235.95
Net Cash Growth	204.66%	72.55%	411.11%	-	-	12.06%
Net Cash Per Share	1.18	1.04	0.60	0.12	-0.19	0.39
Filing Date Shares Outstanding	609.98	609.98	609.74	609.74	609.74	601.35
Total Common Shares Outstanding	609.98	609.98	609.74	609.74	609.74	601.35
Working Capital	1,146	967	543	418	246.5	298.12
Book Value Per Share	4.21	3.87	2.91	2.10	1.61	0.78
Tangible Book Value	1,524	1,322	617	174	-4	347.87
Tangible Book Value Per Share	2.50	2.17	1.01	0.29	-0.01	0.58
Machinery	-	102	71	69	58.6	41.26
Leasehold Improvements	-	7	5	5	4.2	3.85

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