Checkin.com Group AB (CHECK) AI Stock Analysis

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Checkin.com Group AB

(Nasdaq OMX AB:CHECK)

Select Model

Rating:43Neutral

Price Target:SEK 2.00▲(0.25% Upside)

Action:reiterated

Date:11/13/26

Checkin.com Group scores below average, driven primarily by weak financial performance: three straight periods of revenue decline, enormous reported losses from write-downs, and a two-thirds reduction in shareholders' equity in a single year. These risks are partially offset by a genuinely improved financial structure — no debt, equity funding ~89% of assets, ~25% EBITDA margin, and free cash flow turning positive for the first time — which suggests the underlying business is self-funding despite the alarming headline results. Technicals reinforce caution, with the price trading below all key moving averages and negative MACD momentum. Valuation offers little support given a negative P/E and no dividend. A sustained return to revenue growth and continued positive free cash flow would be the key catalysts for an improved score.

Positive Factors

Low leverageA debt-free TTM balance sheet reduces refinancing exposure, interest burden, and financial distress risk. This gives Checkin.com greater flexibility to fund product development or absorb operating volatility while it works to restore sustainable profitability.

Negative Factors

Revenue contractionDeclining revenue signals weaker commercial momentum and makes it harder to spread fixed platform and development costs across a growing customer base. Continued contraction could limit investment capacity, weaken market position, and delay a return to durable profitability.

Checkin.com Group AB (CHECK) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 66.17M
Dividend Yield: ―
Average Volume (3M): 8,577
Price to Earnings (P/E): -0.5
Beta (1Y): -0.02
Revenue Growth: -22.18%
EPS Growth: -525.80%
Country: Sweden
Employees: 34
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Checkin.com Group AB Business Overview & Revenue Model

Company Description

Checkin.Com Group AB (publ) delivers cloud-based software solutions (SaaS) that consolidate multiple technologies, enabling consumers to engage seamlessly with online brands and services. Founded in 2017, the company is headquartered in Stockholm, Sw...

How the Company Makes Money

Checkin.com Group AB primarily generates revenue by selling access to its software platform for digital onboarding and identity-related workflows. This is typically monetized through software licensing and/or subscription arrangements where customers...

Checkin.com Group AB Financial Statement Overview

Summary

A mixed but largely challenged profile. Revenue has contracted for three consecutive periods (-20%, -10%, and -8.1% TTM to ~55.7M) after a rapid growth phase, and reported results swung to massive losses (~126M TTM) driven by large non-cash write-downs, producing deeply negative margins and return on equity (~-194%). Offsetting this, the balance sheet is now debt-free with equity funding ~89% of assets, though shareholders' equity collapsed from ~201M to ~65M. Cash flow is the brightest spot: operating cash flow improved to ~16.1M TTM, EBITDA margin expanded to ~25%, and free cash flow turned positive (~6.1M) for the first time in years, confirming the losses are largely non-cash. Weak top line and severe equity erosion outweigh the improving, self-funding cash profile.

Income Statement

26Negative

Balance Sheet

62Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	55.66M	69.87M	77.48M	96.99M	70.19M	38.86M
Gross Profit	-127.14M	-130.83M	79.99M	22.86M	59.95M	32.48M
EBITDA	13.86M	15.65M	13.68M	27.23M	5.51M	-2.66M
Net Income	-126.04M	-129.69M	-18.82M	3.46M	-7.52M	-6.80M
Balance Sheet
Total Assets	73.66M	78.50M	228.95M	241.94M	245.69M	228.48M
Cash, Cash Equivalents and Short-Term Investments	13.60M	13.68M	28.97M	37.66M	47.42M	91.59M
Total Debt	0	3.91M	9.66M	16.99M	24.38M	31.91M
Total Liabilities	8.20M	13.54M	28.05M	34.17M	41.40M	46.76M
Stockholders Equity	65.47M	64.96M	200.90M	207.78M	204.29M	181.72M
Cash Flow
Free Cash Flow	6.14M	-8.24M	-9.27M	-1.24M	-23.51M	-18.56M
Operating Cash Flow	16.09M	11.76M	13.75M	24.63M	2.90M	810.00K
Investing Cash Flow	-19.11M	-19.94M	-23.02M	-25.87M	-46.17M	-43.82M
Financing Cash Flow	2.60M	-5.22M	-1.38M	-7.41M	-3.63M	129.44M

Checkin.com Group AB Technical Analysis

Technical Analysis SentimentNegative

Last Price2.00

Price Trends

50DMA2.13Negative

100DMA2.34Negative

200DMA2.60Negative

Market Momentum

MACD-0.04Positive

RSI42.21Neutral

STOCH21.32Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CHECK, the sentiment is Negative. The current price of 2.00 is below the 20-day moving average (MA) of 2.25, below the 50-day MA of 2.13, and below the 200-day MA of 2.60, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 42.21 is Neutral, neither overbought nor oversold. The STOCH value of 21.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CHECK.

Checkin.com Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:CHECK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:UPSALE	82Outperform	SEK 466.42M	16.67	―	8.05%	11.34%	40.60%
SE:LIME	79Outperform	SEK 3.62B	29.53	32.20%	1.65%	8.57%	17.98%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SE:FLOWS	61Neutral	SEK 61.91M	17.87	―	―	2.23%	306.25%
SE:LOYAL	55Neutral	SEK 85.69M	34.68	―	―	41.33%	―
SE:ZAPLOX	47Neutral	SEK 34.58M	14.02	332.52%	―	-10.35%	―
SE:CHECK	43Neutral	SEK 66.17M	-0.47	-193.78%	―	-22.18%	-525.80%

* Technology Sector Average

Performance Comparison

SE:CHECK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:CHECK	Checkin.com Group AB	2.00	-3.00	-60.10%
SE:ZAPLOX	Zaplox AB	1.02	0.11	11.60%
SE:LIME	Lime Technologies AB	272.00	-43.15	-13.69%
SE:LOYAL	Loyal Solutions A/S	9.68	6.64	218.42%
SE:FLOWS	Flowscape Technology AB	3.16	0.21	7.12%
SE:UPSALE	Upsales Technology AB	27.00	-3.06	-10.17%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 13, 2026

Checkin.com Group AB AI Stock Analysis