Cash flow Paradox Interactive AB

Equities

PDX

SE0008294953

Software

Delayed Nasdaq Stockholm Other stock markets 08:41:00 20/05/2026 BST			5-day change	1st Jan Change
130.70 ^SEK	+0.38%		-0.68%	-19.62%

05-12	Paradox Interactive AB Approves Dividend, Payable on May 20, 2026	CI
05-12	Paradox Interactive AB Announces Board Appointments	CI

747b3bd06d361fe9a.UHmTLomjmGojg6JRdGFHoOWQCT5QcL08rTO80yCvNNI.CD7leeTk-zBb7sEhHyJ02qH4P28RKO1o21XtmVScQJY5Sf9q3uX0PxHZ1Q

Published financial data: PARADOX INTERACTIVE AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.45B	1.97B	2.64B	2.2B	2.19B
Total Revenues	1.45B	1.97B	2.64B	2.2B	2.19B
Cost of Goods Sold, Total	645M	863M	1.38B	996M	1.3B
Gross Profit	803M	1.11B	1.26B	1.21B	890M
Selling General & Admin Expenses, Total	296M	262M	390M	324M	347M
Other Operating Expenses	-11.98M	-13.35M	-10.78M	-18.08M	-7.83M
Other Operating Expenses, Total	284M	249M	380M	305M	339M
Operating Income	519M	862M	881M	900M	551M
Interest Expense, Total	-4.07M	-6.66M	-10.64M	-6.16M	-2.07M
Interest And Investment Income	545K	3.95M	22.49M	37.79M	23.29M
Net Interest Expenses	-3.53M	-2.71M	11.86M	31.63M	21.22M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	20.49M	25.63M	-37.29M	29.53M	-50.13M
Other Non Operating Income (Expenses)	1K	-	-1K	4.31M	182K
EBT, Excl. Unusual Items	536M	884M	855M	965M	523M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	18.04M	-	-
Gain (Loss) On Sale Of Assets	4.27M	-	-	-	-
Asset Writedown	-236M	-	-185M	-208M	-355M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	304M	884M	688M	757M	167M
Income Tax Expense	56.16M	176M	157M	173M	41.94M
Earnings From Continuing Operations	248M	709M	531M	585M	125M
Net Income to Company	248M	709M	531M	585M	125M
Net Income - (IS)	248M	709M	531M	585M	125M
Net Income to Common Incl Extra Items	248M	709M	531M	585M	125M
Net Income to Common Excl. Extra Items	248M	709M	531M	585M	125M
Per Share Items
Net EPS - Basic	2.35	6.71	5.02	5.54	1.19
Basic EPS - Continuing Operations	2.35	6.71	5.02	5.54	1.19
Basic Weighted Average Shares Outstanding	106M	106M	106M	106M	106M
Net EPS - Diluted	2.34	6.7	4.99	5.53	1.18
Diluted EPS - Continuing Operations	2.34	6.7	4.99	5.53	1.18
Diluted Weighted Average Shares Outstanding	106M	106M	106M	106M	106M
Normalized Basic EPS	3.17	5.23	5.06	5.71	3.09
Normalized Diluted EPS	3.17	5.23	5.03	5.71	3.09
Dividend Per Share	1	2	3	3	5
Payout Ratio	42.62	14.9	39.81	54.2	420.96
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	607M	956M	970M	961M	606M
EBITA	601M	949M	963M	955M	602M
EBIT	519M	862M	881M	900M	551M
EBITDAR	616M	969M	986M	973M	619M
Effective Tax Rate - (Ratio)	18.48	19.87	22.85	22.8	25.05
Total Current Taxes	41.58M	191M	146M	154M	61.71M
Total Deferred Taxes	14.58M	-15.52M	10.72M	18.8M	-19.77M
Normalized Net Income	335M	553M	534M	603M	327M
Interest on Long-Term Debt	3.55M	3.16M	2.62M	1.88M	1.1M
Supplemental Operating Expense Items
Selling and Marketing Expenses	193M	170M	291M	224M	236M
General and Administrative Expenses	103M	91.62M	99.22M	99.65M	111M
Research And Development Expense From Footnotes	466M	343M	863M	612M	1.09B
Net Rental Expense, Total	8.96M	13.3M	16.13M	12.24M	13.04M
Imputed Operating Lease Interest Expense	1.57M	4.58M	11.02M	6.97M	1.88M
Imputed Operating Lease Depreciation	7.38M	8.72M	5.11M	5.28M	11.16M
Stock-Based Comp., Other (Total)	2.05M	2.73M	1.79M	11.92M	8.36M
Total Stock-Based Compensation	2.05M	2.73M	1.79M	11.92M	8.36M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	600M	748M	1.1B	1.47B	1.38B
Short Term Investments	-	-	197M	-	-
Total Cash And Short Term Investments	600M	748M	1.3B	1.47B	1.38B
Accounts Receivable, Total	165M	281M	373M	308M	303M
Other Receivables	44.36M	35.48M	134M	72.6M	119M
Total Receivables	210M	317M	506M	380M	422M
Prepaid Expenses	24.91M	40.02M	43.48M	55.95M	31.26M
Other Current Assets, Total	1K	-1K	-	-	-1K
Total Current Assets	834M	1.1B	1.84B	1.91B	1.83B
Gross Property Plant And Equipment	310M	322M	336M	310M	451M
Accumulated Depreciation	-123M	-168M	-211M	-232M	-271M
Net Property Plant And Equipment	187M	154M	126M	78M	180M
Long-term Investments	31.08M	32.56M	-	-	-
Goodwill	20.6M	22.42M	22.35M	23.14M	21.79M
Other Intangibles, Total	232M	160M	106M	52.66M	106M
Deferred Charges Long-Term	1.2B	1.65B	1.46B	1.45B	1.02B
Other Long-Term Assets, Total	18.59M	18.7M	18.69M	18.74M	18.66M
Total Assets	2.52B	3.14B	3.58B	3.53B	3.17B
Liabilities
Accounts Payable, Total	97.02M	52.49M	52.48M	45.84M	41.16M
Accrued Expenses, Total	105M	177M	296M	196M	153M
Current Portion of Leases	34.54M	35.62M	32.58M	30.88M	27.83M
Current Income Taxes Payable	6.28M	66.53M	95.43M	852K	782K
Unearned Revenue Current, Total	292M	262M	249M	145M	145M
Other Current Liabilities	28.28M	14.15M	13.96M	7.08M	12.77M
Total Current Liabilities	563M	607M	740M	425M	380M
Long-Term Leases	134M	105M	76M	33.91M	137M
Deferred Tax Liability Non Current	164M	137M	144M	163M	154M
Other Non Current Liabilities	423K	-	0	-	1K
Total Liabilities	861M	849M	960M	623M	671M
Common Stock, Total	528K	528K	528K	528K	528K
Additional Paid In Capital	27.99M	29.54M	29.75M	29.75M	29.75M
Retained Earnings	1.63B	2.24B	2.57B	2.85B	2.45B
Comprehensive Income and Other	4.4M	25.18M	22.68M	32.19M	15.18M
Total Common Equity	1.66B	2.29B	2.62B	2.91B	2.5B
Total Equity	1.66B	2.29B	2.62B	2.91B	2.5B
Total Liabilities And Equity	2.52B	3.14B	3.58B	3.53B	3.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	106M	106M	106M	106M	106M
ECS Total Common Shares Outstanding	106M	106M	106M	106M	106M
Book Value / Share	15.73	21.7	24.81	27.55	23.65
Tangible Book Value	1.41B	2.11B	2.49B	2.83B	2.37B
Tangible Book Value Per Share	13.34	19.98	23.6	26.83	22.45
Total Debt	169M	140M	109M	64.79M	165M
Net Debt	-431M	-607M	-1.19B	-1.4B	-1.21B
Debt Equivalent Oper. Leases	71.66M	106M	129M	97.94M	104M
Equity Method Investments, Total	31.08M	32.56M	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	721	656	625	587	638

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	248M	709M	531M	585M	125M
Depreciation & Amortization - CF	41.89M	43.25M	44.7M	43.65M	40.9M
Amortization of Goodwill and Intangible Assets - (CF)	81.61M	87.04M	82.34M	55.13M	50.76M
Depreciation & Amortization, Total	123M	130M	127M	98.78M	91.66M
Amortization of Deferred Charges, Total - (CF)	230M	343M	678M	404M	733M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	236M	-	185M	208M	355M
(Income) Loss On Equity Investments - (CF)	-6.29M	-	-	-	-
Other Operating Activities, Total	-91.99M	53.39M	-36.66M	-66.79M	-41.13M
Change In Accounts Receivable	42.44M	-141M	-139M	113M	14.61M
Change in Other Net Operating Assets	-45.2M	-9.8M	106M	-218M	-42.18M
Cash from Operations	737M	1.08B	1.45B	1.12B	1.24B
Capital Expenditure	-1.69M	-2.12M	-3.05M	-1.16M	-3.17M
Cash Acquisitions	-	-11.06M	-	-	-97.31M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-748M	-794M	-703M	-603M	-652M
Investment in Marketable and Equity Securities, Total	-17.33M	-25K	-142M	200M	-
Other Investing Activities, Total	1K	1K	1K	-	1K
Cash from Investing	-767M	-807M	-848M	-403M	-753M
Long-Term Debt Repaid, Total	-33.99M	-35.37M	-37.72M	-38.3M	-39M
Total Debt Repaid	-33.99M	-35.37M	-37.72M	-38.3M	-39M
Common Dividends Paid	-106M	-106M	-211M	-317M	-528M
Common & Preferred Stock Dividends Paid	-106M	-106M	-211M	-317M	-528M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-140M	-141M	-249M	-355M	-567M
Foreign Exchange Rate Adjustments	1.75M	10.98M	-4.08M	6.2M	-10.68M
Miscellaneous Cash Flow Adjustments	-	1K	-	-2K	-
Net Change in Cash	-168M	148M	351M	371M	-94.08M
Supplemental Items
Cash Interest Paid	4.07M	6.66M	10.64M	6.16M	2.07M
Cash Income Tax Paid (Refund)	150M	127M	184M	248M	91.43M
Levered Free Cash Flow	-139M	135M	587M	270M	462M
Unlevered Free Cash Flow	-136M	140M	594M	274M	463M
Change In Net Working Capital	67.12M	79.14M	57.25M	199M	58.83M
Net Debt Issued / Repaid	-33.99M	-35.37M	-37.72M	-38.3M	-39M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.87	19.01	16.38	15.82	10.29
Return on Total Capital	18.32	25.26	21.32	19.72	12.23
Return On Equity %	15.63	35.85	21.6	21.14	4.64
Return on Common Equity	15.63	35.85	21.6	21.14	4.64
Margin Analysis
Gross Profit Margin %	55.46	56.28	47.7	54.76	40.62
SG&A Margin	20.43	13.29	14.78	14.7	15.82
EBITDA Margin %	41.94	48.45	36.71	43.66	27.63
EBITA Margin %	41.49	48.08	36.45	43.39	27.48
EBIT Margin %	35.86	43.67	33.33	40.89	25.16
Income From Continuing Operations Margin %	17.12	35.92	20.08	26.56	5.72
Net Income Margin %	17.12	35.92	20.08	26.56	5.72
Net Avail. For Common Margin %	17.12	35.92	20.08	26.56	5.72
Normalized Net Income Margin	23.14	28.02	20.23	27.41	14.91
Levered Free Cash Flow Margin	-9.6	6.87	22.22	12.28	21.07
Unlevered Free Cash Flow Margin	-9.42	7.08	22.47	12.45	21.13
Asset Turnover
Asset Turnover	0.57	0.7	0.79	0.62	0.65
Fixed Assets Turnover	7.01	11.57	18.92	21.63	16.99
Receivables Turnover (Average Receivables)	7.81	8.84	8.08	6.47	7.18
Short Term Liquidity
Current Ratio	1.48	1.82	2.49	4.48	4.81
Quick Ratio	1.44	1.75	2.44	4.35	4.73
Operating Cash Flow to Current Liabilities	1.31	1.79	1.96	2.64	3.25
Days Sales Outstanding (Average Receivables)	46.75	41.3	45.17	56.55	50.86
Average Days Payable Outstanding	46.34	31.63	13.86	18.07	12.2
Long Term Solvency
Total Debt/Equity	10.17	6.13	4.14	2.23	6.61
Total Debt / Total Capital	9.23	5.77	3.98	2.18	6.2
LT Debt/Equity	8.09	4.57	2.9	1.17	5.5
Long-Term Debt / Total Capital	7.34	4.31	2.78	1.14	5.16
Total Liabilities / Total Assets	34.14	27.03	26.81	17.63	21.18
EBIT / Interest Expense	127.46	129.4	82.8	145.97	266.16
EBITDA / Interest Expense	157.78	148.96	94.75	161.99	310.4
(EBITDA - Capex) / Interest Expense	157.37	148.65	94.46	161.8	308.87
Total Debt / EBITDA	0.26	0.14	0.11	0.06	0.26
Net Debt / EBITDA	-0.67	-0.61	-1.18	-1.41	-1.88
Total Debt / (EBITDA - Capex)	0.26	0.14	0.11	0.06	0.26
Net Debt / (EBITDA - Capex)	-0.67	-0.61	-1.18	-1.41	-1.89
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-19.31	36.3	33.92	-16.7	-0.41
Gross Profit, 1 Yr. Growth %	-23.16	38.3	13.5	-4.35	-26.13
EBITDA, 1 Yr. Growth %	-23.67	57.46	1.47	-0.92	-36.99
EBITA, 1 Yr. Growth %	-23.16	57.93	1.52	-0.82	-36.94
EBIT, 1 Yr. Growth %	-27.48	66	2.21	2.19	-38.72
Earnings From Cont. Operations, 1 Yr. Growth %	-49.49	186.04	-25.13	10.18	-78.54
Net Income, 1 Yr. Growth %	-49.49	186.04	-25.13	10.18	-78.54
Normalized Net Income, 1 Yr. Growth %	-21.66	65.02	-3.31	10.55	-45.85
Diluted EPS Before Extra, 1 Yr. Growth %	-49.57	186.32	-25.52	10.82	-78.66
Accounts Receivable, 1 Yr. Growth %	-19.67	70.32	32.45	-17.44	-1.44
Net Property, Plant and Equip., 1 Yr. Growth %	-17.12	-17.95	-18.3	-37.88	130.78
Total Assets, 1 Yr. Growth %	0.18	24.53	13.96	-1.33	-10.27
Tangible Book Value, 1 Yr. Growth %	19.02	49.84	18.11	13.69	-16.34
Common Equity, 1 Yr. Growth %	10.17	37.96	14.31	11.04	-14.14
Cash From Operations, 1 Yr. Growth %	-34.6	47.27	33.84	-22.61	10.06
Capital Expenditures, 1 Yr. Growth %	-63.48	25.09	43.94	-61.93	172.87
Levered Free Cash Flow, 1 Yr. Growth %	-135	-197.52	333.21	-54.66	70.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-134.11	-202.39	325.06	-54.52	68.94
Dividend Per Share, 1 Yr. Growth %	0	100	50	0	66.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.95	4.87	35.11	5.62	-8.92
Gross Profit, 2 Yr. CAGR %	-1.09	3.09	25.29	4.19	-15.95
EBITDA, 2 Yr. CAGR %	8.68	9.63	26.41	0.27	-20.99
EBITA, 2 Yr. CAGR %	8.71	10.16	26.62	0.34	-20.92
EBIT, 2 Yr. CAGR %	6.25	9.72	30.26	2.2	-20.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-18.62	20.19	46.34	-9.17	-51.38
Net Income, 2 Yr. CAGR %	-18.62	20.19	46.34	-9.17	-51.38
Normalized Net Income, 2 Yr. CAGR %	8.52	13.7	26.32	4.47	-22.63
Diluted EPS Before Extra, 2 Yr. CAGR %	-18.7	20.17	46.03	-9.15	-51.37
Accounts Receivable, 2 Yr. CAGR %	-22.57	16.97	50.19	4.57	-9.79
Net Property, Plant and Equip., 2 Yr. CAGR %	-16.42	-17.53	-18.13	-28.76	19.74
Total Assets, 2 Yr. CAGR %	13.97	11.69	19.13	6.04	-5.91
Tangible Book Value, 2 Yr. CAGR %	23.42	33.55	33.03	15.88	-2.47
Common Equity, 2 Yr. CAGR %	21.52	23.29	25.58	12.66	-2.36
Cash From Operations, 2 Yr. CAGR %	0.6	-1.86	40.39	1.77	-7.71
Capital Expenditures, 2 Yr. CAGR %	-77.28	-32.41	34.18	-25.98	1.92
Levered Free Cash Flow, 2 Yr. CAGR %	-26.03	-41.57	105.54	41.24	-11.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.36	-40.91	108.62	40.11	-12.35
Dividend Per Share, 2 Yr. CAGR %	0	41.42	73.21	22.47	29.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.68	15.23	13.78	14.99	3.57
Gross Profit, 3 Yr. CAGR %	2.03	10.6	6.45	14.51	-7.09
EBITDA, 3 Yr. CAGR %	6.86	22.97	6.84	16.55	-14.11
EBITA, 3 Yr. CAGR %	6.75	23.12	7.2	16.72	-14.05
EBIT, 3 Yr. CAGR %	3.1	23.28	7.16	20.14	-13.82
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.21	23.74	2.65	33.13	-43.85
Net Income, 3 Yr. CAGR %	-11.21	23.74	2.65	33.13	-43.85
Normalized Net Income, 3 Yr. CAGR %	3.24	24.79	7.72	21.67	-16.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.27	23.7	2.45	33.2	-43.95
Accounts Receivable, 3 Yr. CAGR %	3.24	0.7	21.92	23.04	2.53
Net Property, Plant and Equip., 3 Yr. CAGR %	170.01	-16.93	-17.79	-25.32	5.41
Total Assets, 3 Yr. CAGR %	28.21	17.38	12.45	11.88	0.3
Tangible Book Value, 3 Yr. CAGR %	32.56	31.67	28.19	26.24	3.95
Common Equity, 3 Yr. CAGR %	24.85	26.77	20.22	20.53	2.91
Cash From Operations, 3 Yr. CAGR %	8.6	14.23	8.83	15.11	4.46
Capital Expenditures, 3 Yr. CAGR %	-15.27	-59.88	-13.05	-11.83	14.35
Levered Free Cash Flow, 3 Yr. CAGR %	18.22	-18.89	13.93	24.83	50.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	17.49	-18.56	14.07	26.2	49.13
Dividend Per Share, 3 Yr. CAGR %	0	25.99	44.22	44.22	35.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	17.23	19.38	18.56	11.29	4.09
Gross Profit, 5 Yr. CAGR %	12.13	15.04	10.77	7.99	-3.15
EBITDA, 5 Yr. CAGR %	12.51	19.56	14.28	13.33	-5.3
EBITA, 5 Yr. CAGR %	12.52	19.61	14.29	13.45	-5.08
EBIT, 5 Yr. CAGR %	9.72	17.83	13.21	14.37	-5.08
Earnings From Cont. Operations, 5 Yr. CAGR %	0.6	21.75	8.44	9.34	-23.87
Net Income, 5 Yr. CAGR %	0.6	21.75	8.44	9.34	-23.87
Normalized Net Income, 5 Yr. CAGR %	10.05	19.85	11.91	16.23	-5.24
Diluted EPS Before Extra, 5 Yr. CAGR %	0.55	21.71	8.3	9.33	-23.95
Accounts Receivable, 5 Yr. CAGR %	18.26	28.31	19.94	2.23	8.08
Net Property, Plant and Equip., 5 Yr. CAGR %	68.02	70.05	67.53	-21.88	-4.45
Total Assets, 5 Yr. CAGR %	34.06	32.05	24.5	12.71	4.71
Tangible Book Value, 5 Yr. CAGR %	29.59	32.25	32.75	25.11	14.91
Common Equity, 5 Yr. CAGR %	30.45	30.75	25.14	20.93	10.62
Cash From Operations, 5 Yr. CAGR %	20.68	20.03	20.35	9.07	1.88
Capital Expenditures, 5 Yr. CAGR %	26.84	45.5	1.83	-48.74	-7.34
Levered Free Cash Flow, 5 Yr. CAGR %	11.47	-2.17	47.49	1.26	3.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.05	-1.6	47.82	1.18	2.98
Dividend Per Share, 5 Yr. CAGR %	0	14.87	24.57	24.57	37.97