Gapwaves AB Income Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	90.55	66.08	27.51	64.94	37.33
Other Revenue	0.15	2.56	2.22	0.01	-
Revenue	90.71	68.64	29.73	64.95	37.33
Revenue Growth (YoY)	32.16%	130.89%	-54.23%	73.96%	95.24%
Cost of Revenue	98.34	73.78	49.92	55.47	37.99
Gross Profit	-7.63	-5.15	-20.19	9.48	-0.66
Selling, General & Admin	32.45	28.14	31.06	29.25	31.7
Other Operating Expenses	-5.41	-0.76	-2.24	-1.84	-1.82
Operating Expenses	33.78	34.72	37.32	35.39	35.86
Operating Income	-41.41	-39.86	-57.51	-25.91	-36.51
Interest Expense	-1.2	-0.16	-	-0.06	-
Interest & Investment Income	1.3	1.72	2.08	0.07	-
Earnings From Equity Investments	-16.47	-15.02	-14.47	3.5	-
Currency Exchange Gain (Loss)	-0.5	0.48	0.67	3.08	0.2
Other Non Operating Income (Expenses)	0.04	-0	-0.01	0.06	-0
EBT Excluding Unusual Items	-58.24	-52.83	-69.24	-19.26	-36.31
Gain (Loss) on Sale of Investments	-	0.76	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	1.23	-
Pretax Income	-58.24	-52.07	-69.24	-18.02	-36.31
Income Tax Expense	-	-	-0	-0.01	-
Net Income	-58.24	-52.07	-69.24	-18.01	-36.31
Net Income to Common	-58.24	-52.07	-69.24	-18.01	-36.31
Shares Outstanding (Basic)	31	31	31	31	31
Shares Outstanding (Diluted)	31	31	31	31	31
Shares Change (YoY)	-	-	-	1.21%	12.47%
EPS (Basic)	-1.87	-1.67	-2.22	-0.58	-1.18
EPS (Diluted)	-1.87	-1.67	-2.22	-0.58	-1.18
Free Cash Flow	-32.53	-29.89	-49.04	-25.13	-48.4
Free Cash Flow Per Share	-1.04	-0.96	-1.57	-0.81	-1.57
Gross Margin	-8.41%	-7.50%	-67.91%	14.59%	-1.75%
Operating Margin	-45.65%	-58.08%	-193.45%	-39.89%	-97.80%
Profit Margin	-64.21%	-75.86%	-232.90%	-27.73%	-97.26%
Free Cash Flow Margin	-35.87%	-43.54%	-164.95%	-38.69%	-129.65%
EBITDA	-34.67	-34.02	-51.54	-22.13	-35.07
EBITDA Margin	-38.22%	-49.57%	-173.38%	-34.08%	-93.94%
D&A For EBITDA	6.74	5.84	5.97	3.77	1.44
EBIT	-41.41	-39.86	-57.51	-25.91	-36.51
EBIT Margin	-45.65%	-58.08%	-193.45%	-39.89%	-97.80%
Revenue as Reported	98.81	70.48	33.74	70.95	39.92

Source: S&P Global Market Intelligence. Standard template. Financial Sources.