Financials in USD. Standardized financial statements.
A compact view of how Fortnox AB (publ) turns revenue into operating income and net income.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.04B | $1.64B | $1.28B | $931.98M | $693.72M | $532.08M | $374.38M | $268.25M | $189.30M | $129.68M |
| Revenue Growth? | +24.5% | +28.7% | +36.9% | +34.3% | +30.4% | +42.1% | +39.6% | +41.7% | +46.0% | 0.0% |
| Cost of Revenue? | $759.00M | $598.00M | $487.80M | $381.32M | $301.52M | $252.78M | $193.90M | $142.99M | $97.13M | $72.09M |
| Gross Profit? | $1.29B | $1.04B | $787.90M | $550.66M | $392.20M | $279.31M | $180.48M | $125.27M | $92.17M | $57.60M |
| Gross Margin? | +62.9% | +63.6% | +61.8% | +59.1% | +56.5% | +52.5% | +48.2% | +46.7% | +48.7% | +44.4% |
| Operating Expenses? | $410.00M | $371.00M | $323.70M | $236.00M | $126.78M | $107.11M | $78.38M | $66.57M | $50.30M | $33.07M |
| Operating Income? | $876.00M | $673.00M | $464.20M | $314.66M | $265.42M | $172.20M | $102.10M | $62.69M | $41.88M | $24.53M |
| EBITDA? | $1.10B | $834.00M | $524.10M | $399.39M | $291.97M | $185.68M | $124.43M | $76.86M | $52.13M | $29.54M |
| Income Before Tax | $889.00M | $677.00M | $452.70M | $308.76M | $262.15M | $172.09M | $101.98M | $62.69M | $41.84M | $24.46M |
| Income Tax Expense | $179.00M | $107.00M | $105.90M | $67.71M | $56.77M | $37.15M | $23.10M | $13.93M | $9.28M | $5.43M |
| Net Income? | $710.00M | $570.00M | $347.00M | $241.10M | $205.38M | $134.94M | $78.88M | $48.68M | $32.55M | $19.43M |
| EPS? | $1.16 | $0.93 | $0.57 | $0.40 | $0.34 | $0.23 | $0.13 | $0.08 | $0.06 | $0.03 |
| Diluted EPS? | $1.16 | $0.93 | $0.57 | $0.40 | $0.34 | $0.22 | $0.13 | $0.08 | $0.06 | $0.03 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality