Gapwaves AB (publ) (STO:GAPW.B)

Gapwaves AB Financials Overview

Financials in millions SEK. 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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	84.31	98.81	70.48	33.74	70.95	39.92
Revenue Growth	-5.50%	40.20%	108.86%	-52.44%	77.72%	81.75%
Gross Profit Gross Profit Growth	38.17	51.74	47.09	23.91	49.19	24.42
Operating Income Operating Income Growth	-73.45	-57.08	-54.4	-71.3	-19.27	-36.24
Net Income Net Income Growth	-72.47	-58.24	-52.07	-69.24	-18.01	-36.31
Earnings Per Share EPS Growth	-2.14	-1.87	-1.67	-2.19	-0.58	-1.18
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
Sweden Sweden Growth	1.14	4.83	3.51	0.32	37.33
EU EU Growth	40.7	33.02	22.5	36.2	-
The Rest of The World The Rest of The World Growth	48.71	28.23	1.5	27.51	-
Total Total Growth	90.55	66.08	27.51	64.02	37.33

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	101.76	174.3	81.5	89.33	185.43	211.16
Total Debt Total Debt Growth	12.03	13.52	0	0	0	0.65
Net Cash (Debt) Net Cash Growth	89.73	160.78	81.5	89.33	185.43	210.51
Net Cash Growth	162.38%	97.26%	-8.76%	-51.82%	-11.91%	170.36%
Net Cash Per Share Net Cash Per Share Growth	2.65	5.16	2.62	2.82	5.95	6.84

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-51.1	-30.56	-28.06	-47.52	-24.62	-41.61
Capital Expenditures CapEx Growth	-12.18	-1.98	-1.82	-1.52	-0.5	-6.79
Free Cash Flow Free Cash Flow Growth	-63.28	-32.53	-29.89	-49.04	-25.13	-48.4
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	45.28%	52.36%	66.82%	70.86%	69.34%	61.17%
Operating Margin	-87.12%	-57.77%	-77.19%	-211.31%	-27.15%	-90.78%
Pretax Margin	-85.96%	-58.94%	-73.88%	-205.19%	-25.40%	-90.96%
Profit Margin	-85.96%	-58.94%	-73.88%	-205.18%	-25.39%	-90.96%
FCF Margin	-75.06%	-32.93%	-42.41%	-145.32%	-35.41%	-121.24%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PS Ratio	6.55	5.52	6.28	20.63	12.23	38.17

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 17, 2026

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

Update frequency:

Quarterly

Last checked:

Jul 23, 2026

Data Sources Report a data error