Income Statement Huddlestock Fintech

Stocks

HUDL ME

NO0010859648

Investment Management & Fund Operators

Market Closed - Oslo Bors 10:45:00 2026-09-11 EDT			5-day change	1st Jan Change
0.5620 ^NOK	-0.35%		-1.40%	-23.01%

08-27	Huddlestock Fintech AS, Q2 2026 Earnings Call, Aug 27, 2026
08-27	Huddlestock Fintech AS Reports Earnings Results for the Second Quarter Ended June 30, 2026	CI

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Published financial data: HUDDLESTOCK FINTECH

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Revenues	-	-	85.15M	73.13M	52.37M
Other Revenues, Total	23.36M	46.71M	-	-	-
Total Revenues	23.36M	46.71M	85.15M	73.13M	52.37M
Cost of Goods Sold, Total	17.88M	50.23M	66.89M	61.51M	43.09M
Gross Profit	5.48M	-3.52M	18.26M	11.62M	9.28M
Depreciation & Amortization - (IS)	10.59M	18.41M	63.97M	71.84M	33.21M
Other Operating Expenses	13.08M	11.17M	34.67M	36.37M	37.15M
Other Operating Expenses, Total	23.67M	29.58M	98.65M	108M	70.36M
Operating Income	-18.19M	-33.11M	-80.39M	-96.58M	-61.09M
Interest Expense, Total	-2.02M	-847K	-2.7M	-3.54M	-4.21M
Interest And Investment Income	-	429K	790K	586K	64K
Net Interest Expenses	-2.02M	-418K	-1.91M	-2.95M	-4.15M
Other Non Operating Income (Expenses)	19.99K	-30.38K	-4.84M	-151K	-49.4M
EBT, Excl. Unusual Items	-20.2M	-33.55M	-87.13M	-99.69M	-115M
EBT, Incl. Unusual Items	-20.2M	-33.55M	-87.13M	-99.69M	-115M
Income Tax Expense	-657K	-1.82M	-806K	-1.97M	-1.27M
Earnings From Continuing Operations	-19.54M	-31.74M	-86.32M	-97.72M	-113M
Earnings Of Discontinued Operations	-84.78K	-	-	-	-
Net Income to Company	-19.63M	-31.74M	-86.32M	-97.72M	-113M
Net Income - (IS)	-19.63M	-31.74M	-86.32M	-97.72M	-113M
Net Income to Common Incl Extra Items	-19.63M	-31.74M	-86.32M	-97.72M	-113M
Net Income to Common Excl. Extra Items	-19.54M	-31.74M	-86.32M	-97.72M	-113M
Per Share Items
Net EPS - Basic	-0.16	-	-0.48	-0.42	-0.4
Basic EPS - Continuing Operations	-0.16	-	-0.48	-0.42	-0.4
Basic Weighted Average Shares Outstanding	119M	-	180M	233M	284M
Net EPS - Diluted	-0.16	-	-0.48	-0.42	-0.4
Diluted EPS - Continuing Operations	-0.16	-	-0.48	-0.42	-0.4
Diluted Weighted Average Shares Outstanding	119M	-	180M	233M	284M
Normalized Basic EPS	-0.11	-	-0.3	-0.27	-0.25
Normalized Diluted EPS	-0.11	-	-0.3	-0.27	-0.25
Supplemental Items
EBITDA	-7.95M	-17.85M	-35.95M	-52.67M	-40.88M
EBITA	-7.95M	-20.81M	-55.3M	-67.5M	-40.88M
EBIT	-18.19M	-33.11M	-80.39M	-96.58M	-61.09M
Total Revenues (As Reported)	23.36M	46.71M	85.15M	73.13M	52.37M
Effective Tax Rate - (Ratio)	3.25	5.41	0.92	1.98	1.11
Total Current Taxes	1.1M	-416K	1.92M	674K	1.06M
Total Deferred Taxes	-1.75M	-1.4M	-2.72M	-2.64M	-2.33M
Normalized Net Income	-12.62M	-20.97M	-54.46M	-62.3M	-71.64M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	350K	1.27M	34.15M	27.93M	13M

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Assets
Short Term Investments	16.08M	2.24M	9.55M	10.29M	3.2M
Total Cash And Short Term Investments	16.08M	2.24M	9.55M	10.29M	3.2M
Accounts Receivable, Total	8.85M	10.82M	11.35M	10.06M	6.5M
Other Receivables	9.43M	11.08M	5.95M	4.17M	1.96M
Total Receivables	18.29M	21.9M	17.3M	14.23M	8.46M
Other Current Assets, Total	143K	659K	633K	648K	1.35M
Total Current Assets	34.51M	24.8M	27.48M	25.17M	13.02M
Net Property Plant And Equipment	-	286K	199K	201K	12K
Long-term Investments	-	200K	323K	355K	2.24M
Goodwill	42.47M	52.96M	116M	89.72M	26.49M
Other Intangibles, Total	80.48M	89.94M	119M	88.33M	32.17M
Other Long-Term Assets, Total	-	1	-1K	-	-11K
Total Assets	157M	168M	264M	204M	73.92M
Liabilities
Accounts Payable, Total	2.83M	9.53M	6.66M	4.39M	5.09M
Accrued Expenses, Total	4.58M	4.28M	11.05M	11.58M	11.25M
Short-term Borrowings	-	6.35M	9.2M	9.86M	1.21M
Current Portion of Long-Term Debt	217K	-	-	5.16M	5.25M
Other Current Liabilities	23.75M	20.2M	62.15M	31.47M	4.82M
Total Current Liabilities	31.38M	40.35M	89.05M	62.45M	27.62M
Long-Term Debt	6.28M	6.41M	10.14M	12.16M	9.05M
Deferred Tax Liability Non Current	5.49M	5.19M	8.14M	5.58M	159K
Other Non Current Liabilities	2.52K	836K	675K	-1K	-1.18M
Total Liabilities	43.15M	52.79M	108M	80.2M	35.64M
Common Stock, Total	245K	257K	351K	442K	540K
Additional Paid In Capital	114M	115M	180M	138M	75.84M
Treasury Stock	-20.46K	-9.81K	-5K	-	-14K
Comprehensive Income and Other	-	1	-24.99M	-14.97M	-38.09M
Total Common Equity	114M	115M	156M	124M	38.28M
Total Equity	114M	115M	156M	124M	38.28M
Total Liabilities And Equity	157M	168M	264M	204M	73.92M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	119M	-	180M	233M	284M
ECS Total Common Shares Outstanding	119M	-	180M	233M	284M
Book Value / Share	0.96	-	0.86	0.53	0.13
Tangible Book Value	-8.64M	-27.5M	-80.01M	-54.47M	-20.37M
Tangible Book Value Per Share	-0.07	-	-0.44	-0.23	-0.07
Total Debt	6.5M	12.76M	19.34M	27.18M	15.51M
Net Debt	-9.58M	10.51M	9.79M	16.88M	12.3M
Account Code - Inventory Valuation	-	3	3	3	3
Full Time Employees	30	55	60	54.3	25

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Net Income	-19.63M	-31.74M	-86.32M	-97.72M	-113M
Depreciation & Amortization - CF	597	2.97M	19.35M	14.82M	-2K
Amortization of Goodwill and Intangible Assets - (CF)	10.24M	12.29M	25.08M	29.09M	20.21M
Depreciation & Amortization, Total	10.24M	15.26M	44.44M	43.91M	20.21M
Amortization of Deferred Charges, Total - (CF)	350K	3.15M	19.54M	27.93M	13M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	48.96M
Net Cash From Discontinued Operations	84.78K	-	-	-	-
Other Operating Activities, Total	-657K	-1.82M	-806K	-1.97M	-1.27M
Change In Accounts Receivable	-2.49M	-1.97M	-527K	1.29M	3.55M
Change In Accounts Payable	-1.6M	6.7M	-2.87M	-2.28M	702K
Change in Other Net Operating Assets	6.85M	-7.96M	2.72M	6.76M	301K
Cash from Operations	-6.84M	-18.36M	-23.83M	-22.07M	-27.9M
Cash Acquisitions	-30.93M	478K	41.61M	-	-
Sale (Purchase) of Intangible assets	-5.01M	-14.32M	-51.05M	-12.41M	-4.85M
Investment in Marketable and Equity Securities, Total	-	-	-	-	12.51M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-2.62M	-865K	-	-	1.96M
Cash from Investing	-38.57M	-14.71M	-9.44M	-12.41M	9.62M
Long-Term Debt Issued, Total	6.5M	7.09M	12.53M	21.97M	1.54M
Total Debt Issued	6.5M	7.09M	12.53M	21.97M	1.54M
Long-Term Debt Repaid, Total	-	-	-792K	-2.54M	-3.24M
Total Debt Repaid	-	-	-792K	-2.54M	-3.24M
Issuance of Common Stock	54.17M	12.66M	28.81M	15.82M	13.6M
Other Financing Activities, Total	-2M	-	-	-	-
Cash from Financing	58.67M	19.75M	40.55M	35.24M	11.9M
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Change in Cash	13.26M	-13.32M	7.28M	757K	-6.38M
Supplemental Items
Levered Free Cash Flow	4.7M	-18.41M	11.48M	-32.52M	-33.67M
Unlevered Free Cash Flow	5.96M	-17.88M	13.16M	-30.3M	-31.03M
Change In Net Working Capital	-11.75M	1.28M	-50.48M	29.36M	21.22M
Net Debt Issued / Repaid	6.5M	7.09M	11.74M	19.42M	-1.7M

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Profitability
Return on Assets	-9.95	-12.71	-23.26	-25.82	-27.5
Return on Total Capital	-12.1	-16.62	-33.85	-37.05	-37.33
Return On Equity %	-21.53	-27.63	-63.68	-69.97	-140.08
Return on Common Equity	-21.53	-27.63	-63.68	-69.97	-140.08
Margin Analysis
Gross Profit Margin %	23.45	-7.54	21.44	15.89	17.72
EBITDA Margin %	-34.03	-38.21	-42.22	-72.02	-78.06
EBITA Margin %	-34.03	-44.56	-64.95	-92.29	-78.06
EBIT Margin %	-77.88	-70.88	-94.41	-132.07	-116.65
Income From Continuing Operations Margin %	-83.64	-67.95	-101.38	-133.62	-216.48
Net Income Margin %	-84	-67.95	-101.38	-133.62	-216.48
Net Avail. For Common Margin %	-83.64	-67.95	-101.38	-133.62	-216.48
Normalized Net Income Margin	-54.03	-44.9	-63.95	-85.19	-136.81
Levered Free Cash Flow Margin	20.1	-39.42	13.48	-44.46	-64.29
Unlevered Free Cash Flow Margin	25.51	-38.29	15.46	-41.44	-59.26
Asset Turnover
Asset Turnover	0.2	0.29	0.39	0.31	0.38
Fixed Assets Turnover	-	-	351.13	365.66	491.72
Receivables Turnover (Average Receivables)	-	-	7.68	6.83	6.32
Short Term Liquidity
Current Ratio	1.1	0.61	0.31	0.4	0.47
Quick Ratio	1.1	0.6	0.3	0.39	0.42
Operating Cash Flow to Current Liabilities	-0.22	-0.46	-0.27	-0.35	-1.01
Days Sales Outstanding (Average Receivables)	-	-	47.51	53.56	57.72
Average Days Payable Outstanding	41.18	44.91	44.18	32.87	40.13
Long Term Solvency
Total Debt/Equity	5.69	11.05	12.42	21.99	40.51
Total Debt / Total Capital	5.38	9.95	11.05	18.03	28.83
LT Debt/Equity	5.5	5.55	6.51	9.84	23.64
Long-Term Debt / Total Capital	5.2	5	5.79	8.07	16.82
Total Liabilities / Total Assets	27.41	31.39	40.95	39.35	48.21
EBIT / Interest Expense	-9	-39.08	-29.81	-27.3	-14.51
EBITDA / Interest Expense	-3.93	-21.07	-13.33	-14.89	-9.71
(EBITDA - Capex) / Interest Expense	-3.93	-21.07	-13.33	-14.89	-9.71
Total Debt / EBITDA	-0.82	-0.71	-0.54	-0.52	-0.38
Net Debt / EBITDA	1.2	-0.59	-0.27	-0.32	-0.3
Total Debt / (EBITDA - Capex)	-0.82	-0.71	-0.54	-0.52	-0.38
Net Debt / (EBITDA - Capex)	1.2	-0.59	-0.27	-0.32	-0.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.28K	99.92	82.3	-14.11	-28.39
Gross Profit, 1 Yr. Growth %	-3.09K	-164.29	-618.31	-36.35	-20.18
EBITDA, 1 Yr. Growth %	79.02	134.82	144.61	220.9	65.19
EBITA, 1 Yr. Growth %	-6.17	14.4	67.06	-16.04	-57.68
EBIT, 1 Yr. Growth %	114.71	81.95	142.83	20.15	-36.75
Earnings From Cont. Operations, 1 Yr. Growth %	132.77	62.42	172	13.2	16.01
Net Income, 1 Yr. Growth %	57.91	61.71	172	13.2	16.01
Normalized Net Income, 1 Yr. Growth %	140.59	66.13	159.67	14.41	14.99
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-12.18	-5.14
Accounts Receivable, 1 Yr. Growth %	-	22.2	4.87	-11.37	-35.32
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-30.42	1	-94.03
Total Assets, 1 Yr. Growth %	121.11	6.81	56.82	-22.74	-63.73
Tangible Book Value, 1 Yr. Growth %	-551.93	218.14	190.93	-31.92	-62.6
Common Equity, 1 Yr. Growth %	70.17	0.95	34.96	-20.65	-69.02
Cash From Operations, 1 Yr. Growth %	0.32	168.62	29.75	-7.38	26.44
Levered Free Cash Flow, 1 Yr. Growth %	-	-492.1	-162.34	-383.3	3.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-400.05	-173.61	-330.22	2.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	1.34K	90.91	25.13	-21.58
Gross Profit, 2 Yr. CAGR %	-	338.77	82.54	81.64	-28.72
EBITDA, 2 Yr. CAGR %	-	100.47	117.49	89.31	57.81
EBITA, 2 Yr. CAGR %	-	56.72	74.34	42.79	-28.69
EBIT, 2 Yr. CAGR %	-	97.65	110.19	70.81	-12.83
Earnings From Cont. Operations, 2 Yr. CAGR %	-	94.44	110.18	75.47	14.6
Net Income, 2 Yr. CAGR %	-	59.8	109.73	75.47	14.6
Normalized Net Income, 2 Yr. CAGR %	-	99.92	107.7	72.36	14.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	70.91	-	-8.73
Accounts Receivable, 2 Yr. CAGR %	-	-	13.21	-3.59	-24.28
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	-16.17	-75.44
Total Assets, 2 Yr. CAGR %	-	53.68	29.42	10.07	-47.06
Tangible Book Value, 2 Yr. CAGR %	-	279.18	204.23	40.74	-49.54
Common Equity, 2 Yr. CAGR %	-	31.07	16.72	3.48	-50.42
Cash From Operations, 2 Yr. CAGR %	-	64.16	86.7	9.62	8.22
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	56.34	32.89	71.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	48.61	30.18	53.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	623.33	46.28	3.89
Gross Profit, 3 Yr. CAGR %	-	-	363.82	28.48	38.1
EBITDA, 3 Yr. CAGR %	-	-	100.79	90.66	40.63
EBITA, 3 Yr. CAGR %	-	-	86.88	54.8	7.28
EBIT, 3 Yr. CAGR %	-	-	111.69	74.44	22.65
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	117.46	71.01	52.86
Net Income, 3 Yr. CAGR %	-	-	90.8	70.76	52.86
Normalized Net Income, 3 Yr. CAGR %	-	-	118.13	70.26	50.61
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	36.89	-
Accounts Receivable, 3 Yr. CAGR %	-	-	-	4.34	-15.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	-65.25
Total Assets, 3 Yr. CAGR %	-	-	54.72	8.97	-23.97
Tangible Book Value, 3 Yr. CAGR %	-	-	247.13	84.71	-9.52
Common Equity, 3 Yr. CAGR %	-	-	32.35	2.63	-30.78
Cash From Operations, 3 Yr. CAGR %	-	-	51.78	47.79	14.96
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	90.6	22.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	71.96	20.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	197.42
Gross Profit, 5 Yr. CAGR %	-	-	-	-	119.28
EBITDA, 5 Yr. CAGR %	-	-	-	-	55.88
EBITA, 5 Yr. CAGR %	-	-	-	-	36.99
EBIT, 5 Yr. CAGR %	-	-	-	-	48.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	68.3
Net Income, 5 Yr. CAGR %	-	-	-	-	55.6
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	68.68
Total Assets, 5 Yr. CAGR %	-	-	-	-	0.75
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	60.5
Common Equity, 5 Yr. CAGR %	-	-	-	-	-10.64
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	32.57