Freja eID Group
Logotype for Freja eID Group

Freja eID Group (FREJA) investor relations material

Freja eID Group Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Freja eID Group
Q4 2025 earnings summary5 Feb, 2026

Executive summary

  • Annual recurring revenue (ARR) for Freja eID grew 52% year-over-year to 41.3 MSEK, with user numbers up 25% to 1,577,000 by year-end 2025.

  • Net revenue retention (NRR) reached 134% and gross revenue retention (GRR) 96% for Freja eID, indicating strong customer engagement and low churn.

  • Group net sales increased 16% year-over-year to 51.1 MSEK, driven by 49% growth in the Freja eID segment, while Fulfilment segment sales declined 28%.

  • Adjusted EBITDA for the year rose to 9.5 MSEK (from 4.6 MSEK), and adjusted EBIT improved to -5.9 MSEK (from -10.6 MSEK).

  • Net result for the year was -15.3 MSEK, an improvement from -23.4 MSEK in 2024.

Financial highlights

  • Q4 net sales were 13.5 MSEK, up 9% year-over-year; adjusted EBITDA was 2.0 MSEK (up 13%).

  • Adjusted EBIT for Q4 was -1.9 MSEK, a slight improvement from -2.0 MSEK in Q4 2024.

  • Cash flow from operations for the year was 7.1 MSEK, up from 2.0 MSEK.

  • Group gross margin remained high at 97.7% for the year.

  • Result per share improved to -0.59 SEK (from -1.03 SEK) for the year.

Outlook and guidance

  • The company expects continued strong growth in Freja eID, with the new authorization system adding 4.5 MSEK to ARR from January 2026.

  • Demand from public sector and international users is expected to drive further expansion.

  • Fulfilment segment is expected to continue declining as the market shifts from physical to digital solutions.

State e-ID law: customer growth expectations?
Freja eID's 100% gross margin: profit impact?
Teracom White Label: production timeline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Freja eID Group earnings date

Logotype for Freja eID Group
Q1 20267 May, 2026
Freja eID Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Freja eID Group earnings date

Logotype for Freja eID Group
Q1 20267 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Freja eID Group operates through two segments, Identity and Access Management and Authentication. It offers identity solutions, such as digital identities, offline authentication, authentication gateways, and identity management services; and access management solutions, including single sign-on, cross-channel authentication, mobile entitlements management, and data leakage prevention solutions. It also provides verification solutions to identify individuals; and authorization solutions that allow access rights to systems worked on by multiple users. The company was founded in 2002 and is based in Stockholm, Sweden.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage