Modelon AB (publ) (STO:MODEL)

Modelon 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	21.8	42.06	62.63	38.99	111.86	169.4
Short-Term Investments	-	-	-	20	-	-
Cash & Short-Term Investments	21.8	42.06	62.63	58.99	111.86	169.4
Cash Growth	-57.92%	-32.84%	6.16%	-47.26%	-33.97%	237.01%
Accounts Receivable	8.1	15.64	34.85	21.16	22.74	18.93
Other Receivables	4.3	1.07	2.02	2.01	2.92	3.63
Receivables	12.4	16.71	36.87	23.17	25.65	22.56
Prepaid Expenses	-	1.23	1.59	1.82	1.8	1.51
Other Current Assets	0.1	1.32	1.25	1.81	1.72	1.71
Total Current Assets	34.3	61.33	102.34	85.8	141.03	195.18
Property, Plant & Equipment	1.1	1.29	2.08	2.55	3.28	1.23
Other Intangible Assets	-	-	0.01	0.04	0.2	0.43
Long-Term Deferred Tax Assets	16.9	16.52	16.52	15.85	15.74	15.81
Total Assets	52.3	79.14	120.96	104.23	160.26	212.65

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	1.5	1.6	2.46	5.38	5.13	4.31
Accrued Expenses	-	6.93	10.55	7.32	8.4	9.32
Current Income Taxes Payable	-	0.08	0.07	0.05	0.12	0.13
Current Unearned Revenue	-	32.48	50.62	34.98	33.13	23.2
Other Current Liabilities	-	4.76	10.74	2.6	3.65	2.59
Total Current Liabilities	1.5	45.85	74.44	50.33	50.42	39.55
Long-Term Deferred Tax Liabilities	-	-	0.01	0.01	0.01	-
Other Long-Term Liabilities	14	-	-	-	-	-
Total Liabilities	34.9	45.85	74.45	50.34	50.43	39.55

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	1.5	1.53	1.44	0.92	0.92	0.92
Additional Paid-In Capital	271.4	271.26	251.35	200.19	200.14	200.07
Comprehensive Income & Other	-255.5	-239.5	-206.28	-147.22	-91.24	-27.89
Shareholders' Equity	17.4	33.29	46.51	53.89	109.83	173.11
Total Liabilities & Equity	52.3	79.14	120.96	104.23	160.26	212.65

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
Net Cash (Debt)	21.8	42.06	62.63	58.99	111.86	169.4
Net Cash Growth	-57.92%	-32.84%	6.16%	-47.26%	-33.97%	237.01%
Net Cash Per Share	1.20	2.40	4.46	5.36	10.15	15.39
Filing Date Shares Outstanding	18.22	18.22	17.22	11.02	11.02	11.02
Total Common Shares Outstanding	18.22	18.22	17.22	11.02	11.02	11.02
Working Capital	32.8	15.48	27.89	35.46	90.61	155.63
Book Value Per Share	0.95	1.83	2.70	4.89	9.97	15.71
Tangible Book Value	17.4	33.29	46.5	53.86	109.63	172.68
Tangible Book Value Per Share	0.95	1.83	2.70	4.89	9.95	15.67
Machinery	-	6.04	7.37	7.34	8.34	5.49

Data Source: S&P Global Market Intelligence Last updated: Oct 23, 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:

Oct 29, 2026

Data Sources Report a data error