Beyond Frames Entertainment AB (publ)

The company maintains a strong liquidity position with a current ratio of 1.71, indicating that it can cover its short-term liabilities with its short-term assets. It has no long-term debt, and its total equity of 82,708,000 SEK supports a debt-to-equity ratio of 0.0, suggesting a conservative capital structure.

Profitability metrics show a return on equity of 0.94% and a return on assets of 0.71%, which are relatively low. The company reported a net income of 779,000 SEK despite an operating loss of 42,000 SEK, indicating that non-operating income or gains may have contributed to profitability.

Geographically and segment-wise, the company's exposure is not disclosed in the available data. There is no information on revenue concentration by region or business segment, making it difficult to assess potential risks from over-reliance on specific markets or products.

The company's growth trajectory appears mixed. While revenue for the latest period was 59,615,000 SEK, the mean analyst revenue estimate for the next period is 181,000,000 SEK, suggesting a significant growth expectation. However, the company reported a negative operating income and a free cash flow of -505,000 SEK, which may indicate operational inefficiencies or high capital expenditures.

Risk factors include a low liquidity score and the absence of immediate filing-based liquidity or dilution flags. The company has no long-term debt, and there is no indication of dilution pressure in the near term. However, the operating loss and negative free cash flow suggest potential operational risks.

Recent events include the latest financial filing, which shows a revenue of 59,615,000 SEK and a net income of 779,000 SEK. Analysts have set a mean price target of 20.50 SEK, with a mean EPS estimate of 0.60 SEK for the next period. The last actual EPS was -0.54 SEK, indicating a significant gap between current performance and analyst expectations.

Analyst consensus implies 563% upside potential, targeting SEK 20.50 versus the current market price of SEK 3.09.

The company maintains zero long-term debt for most periods, resulting in a debt-to-equity ratio of 0.0.

Cash conversion metrics rank best-in-class at 9.45, significantly exceeding the software cohort median of 0.92.

Gross profit expanded to SEK 66.2 million in FY2026, demonstrating improved top-line efficiency despite revenue fluctuations.

Net income improved by 11.7% year-over-year, indicating a trajectory toward reduced operational losses.

Free cash flow remains deeply negative at SEK -17.9 million, highlighting persistent cash burn and liquidity pressure.

Return on equity of 0.94% significantly underperforms the software cohort median of 2.8%, reflecting poor capital efficiency.

Revenue kr 28.7M, −33,7% YoY; Operating income +213,9% YoY.

• ▍Revenue kr 28.7M, −33,7% YoY
• ▍Operating income +213,9% YoY
• ▍Net income +163,9% YoY
• ▍Free cash flow +38,9% YoY
• ▍Net margin 9.7%

Revenue kr 28.0M, −12,0% YoY; Operating income +11,5% YoY.

• ▍Revenue kr 28.0M, −12,0% YoY
• ▍Operating income +11,5% YoY
• ▍Net income +9,0% YoY
• ▍Free cash flow +38,6% YoY
• ▍Net margin -22.2%

Revenue kr 34.2M, −16,9% YoY; Operating income +93,6% YoY.

• ▍Revenue kr 34.2M, −16,9% YoY
• ▍Operating income +93,6% YoY
• ▍Net income +67,4% YoY
• ▍Free cash flow +71,8% YoY
• ▍Net margin -8.5%

Revenue kr 39.1M, −34,4% YoY; Operating income −7 907,1% YoY.

• ▍Revenue kr 39.1M, −34,4% YoY
• ▍Operating income −7 907,1% YoY
• ▍Net income −579,0% YoY
• ▍Free cash flow −1 397,8% YoY
• ▍Net margin -9.5%

Revenue kr 43.3M; Operating income -kr 2.5M.

• ▍Revenue kr 43.3M
• ▍Operating income -kr 2.5M
• ▍Net margin -10.1%

Revenue kr 31.8M; Operating income -kr 6.4M.

• ▍Revenue kr 31.8M
• ▍Operating income -kr 6.4M
• ▍Net margin -21.4%

Revenue kr 41.2M; Operating income -kr 8.6M.

• ▍Revenue kr 41.2M
• ▍Operating income -kr 8.6M
• ▍Net margin -21.5%

Revenue kr 59.6M; Operating income -kr 42.0k.

• ▍Revenue kr 59.6M
• ▍Operating income -kr 42.0k
• ▍Net margin 1.3%

Revenue kr 130.0M, −26,1% YoY; Operating income +61,0% YoY.

• ▍Revenue kr 130.0M, −26,1% YoY
• ▍Operating income +61,0% YoY
• ▍Net income +47,9% YoY
• ▍Free cash flow +45,1% YoY
• ▍Net margin -7.7%

Revenue kr 175.8M, +28,4% YoY; Operating income −174,1% YoY.

• ▍Revenue kr 175.8M, +28,4% YoY
• ▍Operating income −174,1% YoY
• ▍Net income −152,3% YoY
• ▍Free cash flow −16,4% YoY
• ▍Net margin -11.0%

Revenue kr 136.9M, +451,8% YoY; Operating income +70,4% YoY.

• ▍Revenue kr 136.9M, +451,8% YoY
• ▍Operating income +70,4% YoY
• ▍Net income +66,0% YoY
• ▍Free cash flow +32,3% YoY
• ▍Net margin -5.6%

Revenue kr 24.8M, +4,5% YoY; Operating income −173,8% YoY.

• ▍Revenue kr 24.8M, +4,5% YoY
• ▍Operating income −173,8% YoY
• ▍Net income −153,6% YoY
• ▍Free cash flow −114,3% YoY
• ▍Net margin -90.6%