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

Gapwaves AB Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	47.01	87.15	40.75	89.33	185.43	211.16
Cash & Short-Term Investments	47.01	87.15	40.75	89.33	185.43	211.16
Cash Growth	68.12%	113.85%	-54.38%	-51.82%	-12.18%	171.19%
Accounts Receivable	8.74	26.79	18.85	5.08	9.16	8.3
Other Receivables	2.08	5.33	8.8	13.28	18.61	1.81
Receivables	10.82	32.12	27.64	18.36	27.77	10.1
Inventory	6.98	3.68	2.09	1.81	1.61	0.67
Prepaid Expenses	2.6	3.01	3.61	3.35	2.76	10.3
Other Current Assets	0	-0	0	-0	-	-
Total Current Assets	67.41	125.95	74.1	112.85	217.57	232.22
Property, Plant & Equipment	16.74	6.55	6.82	7.08	7.84	9.16
Long-Term Investments	-	9.99	17.46	32.48	-	2.63
Other Intangible Assets	2.81	5.61	9.35	13.09	16.75	0.12
Long-Term Deferred Tax Assets	0.57	1.15	1.91	2.68	3.45	-
Long-Term Deferred Charges	0.12	0.47	1.23	2.73	5.26	9.47
Other Long-Term Assets	0.66	16.07	20.12	0.68	0.64	-
Total Assets	88.31	165.79	130.99	171.58	251.51	253.59

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	7.36	14.59	6.02	4.45	5.79	11.68
Accrued Expenses	11.07	13.38	12.6	7.85	9.28	5.09
Short-Term Debt	-	13.52	-	-	-	-
Current Portion of Long-Term Debt	1.76	-	-	-	-	0.65
Current Income Taxes Payable	0.21	0.67	0.78	0.37	0.07	-
Current Unearned Revenue	9.43	5.2	7.1	2.93	11.05	7.28
Other Current Liabilities	4.02	-	-	-	-	-
Total Current Liabilities	33.85	47.37	26.51	15.59	26.19	24.7
Long-Term Debt	4.43	-	-	-	-	0.81
Long-Term Deferred Tax Liabilities	0.57	1.15	1.91	2.68	3.45	-
Other Long-Term Liabilities	1.63	-0	0	-	-0	-0
Total Liabilities	40.47	48.52	28.42	18.27	29.63	25.51

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	2.18	2.18	1.87	1.87	1.87	1.84
Additional Paid-In Capital	497.37	497.45	426.15	426.15	426.15	416.72
Retained Earnings	-	-	-	-	-	-190.48
Comprehensive Income & Other	-451.71	-382.35	-325.45	-274.71	-206.14	-
Shareholders' Equity	47.84	117.27	102.57	153.31	221.88	228.08
Total Liabilities & Equity	88.31	165.79	130.99	171.58	251.51	253.59

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	6.18	13.52	-	-	-	1.46
Net Cash (Debt)	40.83	73.63	40.75	89.33	185.43	209.69
Net Cash Growth	46.02%	80.67%	-54.38%	-51.82%	-11.57%	169.31%
Net Cash Per Share	1.01	2.03	1.31	2.87	5.95	6.81
Filing Date Shares Outstanding	36.34	36.34	31.15	31.15	31.15	30.71
Total Common Shares Outstanding	36.34	36.34	31.15	31.15	31.15	30.71
Working Capital	33.57	78.59	47.6	97.26	191.39	207.52
Book Value Per Share	1.32	3.23	3.29	4.92	7.12	7.43
Tangible Book Value	45.03	111.66	93.22	140.22	205.13	227.96
Tangible Book Value Per Share	1.24	3.07	2.99	4.50	6.59	7.42
Machinery	-	18.58	14.38	14.34	12.7	12.85
Construction In Progress	-	-	2.22	0.43	0.6	-

Data Source: S&P Global Market Intelligence Last updated: Oct 22, 2026

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

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error