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K33 AB
(K33)
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Rating:46Neutral
Price Target:
kr0.02
▲(10.00% Upside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by weak financial performance—continued losses, contracting revenue, and persistent cash burn that implies ongoing funding needs—despite an improved balance-sheet leverage position (no reported debt). Technicals provide some support via positive momentum and price strength versus key moving averages, but overextended readings increase pullback risk. Valuation is not supportive because the negative P/E reflects ongoing unprofitability and no dividend yield is available.
Positive Factors
Debt-free balance sheet
Zero reported debt reduces interest and refinancing pressure, giving K33 greater flexibility to manage volatility in digital-asset markets. Positive equity provides a remaining capital base, although its decline means this advantage depends on improving operating performance.
Negative Factors
Contracting recent revenue
Recent revenue contraction signals weakening business activity after earlier scaling and makes future growth less dependable. Sustained declines could reduce operating leverage, limit investment capacity, and make it harder for K33 to absorb the fixed costs of its platform and services.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt reduces interest and refinancing pressure, giving K33 greater flexibility to manage volatility in digital-asset markets. Positive equity provides a remaining capital base, although its decline means this advantage depends on improving operating performance.
Read all positive factors
K33 AB (K33) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr322.85M
Dividend YieldN/A
Average Volume (3M)40.41M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth55.51%
EPS Growth-507.69%
CountrySE
Employees8
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding14,542,689,000
10 Day Avg. Volume44,242,232
30 Day Avg. Volume40,414,995
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.46
Price to Sales (P/S)0.16
P/FCF Ratio-2.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
K33 AB Business Overview & Revenue Model
Company Description
K33 AB (publ), through its various subsidiaries, is engaged in digital asset investments across Sweden and international markets. The company provides both individual and institutional partners with the necessary understanding and platforms to par...
How the Company Makes Money
K33 makes money primarily by monetizing crypto trading activity and related institutional services. Key revenue streams typically include: (1) Brokerage/trading execution revenues: fees, spreads, and/or commissions earned when clients buy or sell ...
K33 AB Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
57
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.29B | 2.21B | 958.46M | 154.09M | 287.22M | 332.24M |
| Gross Profit | -34.01M | 8.87M | 15.02M | -8.90M | -8.41M | 3.34M |
| EBITDA | -16.71M | -5.23M | 7.22M | -12.29M | -37.43M | -23.34M |
| Net Income | -100.08M | -52.15M | -4.18M | -90.00M | -94.20M | -163.44M |
Balance Sheet | ||||||
| Total Assets | 100.85M | 158.60M | 41.09M | 43.80M | 100.04M | 181.04M |
| Cash, Cash Equivalents and Short-Term Investments | 3.29M | 14.42M | 8.80M | 7.30M | 5.90M | 22.89M |
| Total Debt | 0.00 | 0.00 | 8.53M | 36.96M | 26.55M | 29.43M |
| Total Liabilities | 16.75M | 10.83M | 11.44M | 43.82M | 28.80M | 32.09M |
| Stockholders Equity | 84.10M | 147.77M | 29.65M | -17.00K | 71.24M | 148.95M |
Cash Flow | ||||||
| Free Cash Flow | -179.18M | -173.22M | -22.06M | -1.89M | -51.91M | -109.92M |
| Operating Cash Flow | -57.22M | -20.46M | -22.06M | -1.89M | -49.85M | -43.75M |
| Investing Cash Flow | -123.10M | -152.77M | 26.01M | 0.00 | 7.31M | -81.52M |
| Financing Cash Flow | 176.03M | 171.15M | -2.46M | 3.65M | 28.29M | 126.89M |
K33 AB Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
39.72
Neutral
-25.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:K33, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.72 is Neutral, neither overbought nor oversold. The STOCH value of -25.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:K33.
K33 AB Peers Comparison
UnderperformOutperform
Sector (55)
SE:K33
K33 AB
0.02
-0.02
-46.34%
SE:MANG
Mangold AB
1,500.00
-450.00
-23.08%
SE:BONAS
Bonasudden Holding AB
142.00
2.00
1.43%
SE:KAPIAB
Kallebaeck Property Invest AB
203.00
12.58
6.61%
SE:BMC
Brock Milton Capital AB
101.50
-1.72
-1.67%
SE:GULD
Guldbrev Holding AB
17.05
-1.90
-10.01%
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.