Divio Technologies AB Class B (DIVIO.B) AI Stock Analysis

Divio Technologies AB Class B

(Nasdaq OMX AB:DIVIO.B)

Select Model

Rating:38Underperform

Price Target:SEK 0.05▼(-4.08% Downside)

Action:reiterated

Date:10/17/26

The overall score is severely depressed by the company's lack of profitability and negative cash flows, which are the most significant risks. The debt-free balance sheet offers some mitigation but cannot offset the fundamental losses. Technical trends reinforce the weakness, with the stock in a downtrend and no positive momentum. The negative P/E ratio confirms the absence of earnings-based value. The company is in a high-risk, cash-burning phase with no immediate catalysts for a turnaround.

Positive Factors

Revenue reboundThe sharp TTM revenue rebound indicates meaningful expansion in the company’s commercial activity and customer demand. If the growth is sustained, it can improve operating leverage, support broader platform adoption, and create a stronger base for future profitability as scale develops.

Negative Factors

Persistent lossesPersistent operating losses show that the recent revenue rebound has not yet translated into viable earnings economics. Until the company improves pricing, mix, or cost efficiency, continued losses can constrain reinvestment, weaken capital efficiency, and make sustainable self-funded growth difficult.

Divio Technologies AB Class B (DIVIO.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 28.84M
Dividend Yield: ―
Average Volume (3M): 579.88K
Price to Earnings (P/E): -1.7
Beta (1Y): 0.71
Revenue Growth: 6.03%
EPS Growth: -6.48%
Country: Sweden
Employees: 13
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Divio Technologies AB Class B Business Overview & Revenue Model

Company Description

Divio Technologies AB (publ) develops and markets software platforms that enable companies to construct, operate, and maintain sophisticated websites within a cloud-based environment. This platform empowers enterprise IT departments to create diverse...

How the Company Makes Money

Divio Technologies AB primarily makes money by charging customers for access to its software platform and for ongoing services that support operating applications in cloud environments. Key revenue streams typically include: (1) recurring fees for so...

Divio Technologies AB Class B Financial Statement Overview

Summary

Revenue is growing but profitability is deeply negative with TTM gross margin at -1.6% and net margin at -27.7%. Cash flow is consistently negative (TTM FCF -8.0M), indicating a high cash burn rate. The debt-free balance sheet and recent equity raise provide a buffer, but the core financials are weak, justifying the lowest possible score.

Income Statement

28Negative

Balance Sheet

52Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	34.95M	34.08M	25.20M	27.07M	18.84M	15.70M
Gross Profit	-561.00K	18.86M	-15.18M	5.67M	23.40M	20.13M
EBITDA	-714.00K	339.00K	-8.81M	-7.04M	-3.22M	-10.64M
Net Income	-9.69M	-7.76M	-15.89M	-13.20M	-9.07M	-10.88M
Balance Sheet
Total Assets	26.86M	32.41M	33.00M	30.18M	26.46M	27.53M
Cash, Cash Equivalents and Short-Term Investments	7.77M	7.85M	9.27M	12.64M	2.06M	9.29M
Total Debt	0	0	0	0	0	0
Total Liabilities	16.25M	29.57M	29.62M	22.47M	8.38M	8.77M
Stockholders Equity	10.61M	2.84M	3.38M	7.71M	18.07M	18.76M
Cash Flow
Free Cash Flow	-7.96M	-10.97M	-17.85M	5.08M	-9.47M	-11.68M
Operating Cash Flow	-5.33M	-7.49M	-11.28M	12.75M	-4.80M	-7.23M
Investing Cash Flow	-3.92M	-3.50M	-6.57M	-7.64M	-4.62M	-4.47M
Financing Cash Flow	15.10M	9.72M	14.40M	10.42M	2.00M	19.80M

Divio Technologies AB Class B Technical Analysis

Technical Analysis SentimentNegative

Last Price0.05

Price Trends

50DMA0.05Negative

100DMA0.05Negative

200DMA0.07Negative

Market Momentum

MACD-0.00Negative

RSI48.56Neutral

STOCH54.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DIVIO.B, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 48.56 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:DIVIO.B.

Divio Technologies AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:DIVIO.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:LIME	79Outperform	SEK 3.62B	29.42	32.20%	1.66%	8.57%	17.98%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SE:LITI	60Neutral	SEK 185.37M	-103.68	-1.46%	―	26.50%	-137.53%
SE:ONEF	55Neutral	SEK 487.40M	-24.57	―	―	21.86%	74.32%
SE:DIVIO.B	38Underperform	SEK 28.84M	-1.67	-200.02%	―	6.03%	-6.48%

* Technology Sector Average

Performance Comparison

SE:DIVIO.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:DIVIO.B	Divio Technologies AB Class B	0.05	-0.08	-63.36%
SE:DONE	24Sevenoffice Scandinavia Ab	5.85	-0.81	-12.16%
SE:LITI	Litium AB	9.58	-2.42	-20.17%
SE:LIME	Lime Technologies AB	271.00	-81.94	-23.22%
SE:ONEF	Oneflow AB	17.20	-8.90	-34.10%

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: Oct 17, 2026

Divio Technologies AB Class B AI Stock Analysis