eQ EQV1V.HE

Public, HEL, reports in EUR. Founded 1994.
Theme: Internet. Mutual fund fees.

own customer

2025-08-01 — Hold long-term, mature

Financials millions, EUR

Period	Revenue	Growth %	Gross margin %	R&D %	Operating income	Operating margin %	Net income	EPS (diluted)	Rule of 40
2025	61m EUR	-9.0 %	67.5 %	–	27m EUR	45.2 %	22m EUR	0.52	36.2
2024	66m EUR	-7.1 %	99.1 %	–	35m EUR	52.3 %	27m EUR	0.65	45.2
2023	72m EUR	-8.7 %	70.4 %	–	40m EUR	55.4 %	32m EUR	0.75	46.8
2022	78m EUR	–	71.4 %	–	46m EUR	58.4 %	36m EUR	0.87	–
2026-Q2	16m EUR	3.3 %	55.9 %	–	6.1m EUR	38.4 %	4.8m EUR	0.11	41.7
2026-Q1	14m EUR	-6.2 %	53.5 %	–	5.6m EUR	39.3 %	4.4m EUR	0.11	33.2
2025-Q4	15m EUR	–	62.9 %	–	8.0m EUR	52.2 %	6.3m EUR	0.15	–
2025-Q2	15m EUR	–	58.1 %	–	6.0m EUR	39.3 %	4.7m EUR	0.11	–
2025-Q1	15m EUR	–	56.7 %	–	5.9m EUR	38.7 %	4.6m EUR	0.11	–

Sources

Period	Cash from operations	Capex	Free cash flow	FCF margin %	CFO / net income %	NOPAT	Unlevered FCF	Levered FCF	Net change in cash
2025	27m EUR	0.2m EUR	27m EUR	44.2 %	124.7 %	22m EUR	24m EUR	–	3.0m EUR
2024	15m EUR	0.1m EUR	15m EUR	22.1 %	54.0 %	28m EUR	15m EUR	–	-15m EUR
2023	29m EUR	0.1m EUR	29m EUR	40.8 %	92.7 %	31m EUR	28m EUR	–	-0.8m EUR
2022	25m EUR	0.4m EUR	24m EUR	30.9 %	67.6 %	36m EUR	21m EUR	–	-11m EUR

NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.