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XMReality AB
(XMR)
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Rating:50Neutral
Price Target:
kr0.02
Action:Reiterated
Date:08/30/26
Overall score reflects improving fundamentals but elevated risk: financial performance is recovering (positive EBITDA and free cash flow, low leverage) yet the business still posts operating and net losses and is not growing revenue. Technical indicators are notably weak (price below key moving averages with negative MACD), which drags the score, and valuation metrics are constrained by a negative P/E and no dividend yield data.
Positive Factors
Conservative leverage
Very low leverage reduces interest and refinancing pressure, giving XMReality greater flexibility to fund product development and absorb operating volatility while it works toward sustainable profitability.
Negative Factors
Declining revenue
Top-line contraction signals pressure on customer acquisition, retention, or expansion. Without renewed recurring-revenue growth, XMReality may struggle to scale its platform and convert improved margins into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low leverage reduces interest and refinancing pressure, giving XMReality greater flexibility to fund product development and absorb operating volatility while it works toward sustainable profitability.
Read all positive factors
XMReality AB (XMR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr32.22M
Dividend YieldN/A
Average Volume (3M)5.24M
Price to Earnings (P/E)―
Beta (1Y)-1.41
Revenue Growth-13.56%
EPS Growth96.77%
CountrySE
Employees5
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,220,487,500
10 Day Avg. Volume4,208,869
30 Day Avg. Volume5,236,557
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.10
Price to Sales (P/S)0.65
P/FCF Ratio-1.83
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
XMReality AB Business Overview & Revenue Model
Company Description
XMReality AB (publ) innovates and markets augmented reality (AR) solutions globally, as well as domestically in Sweden, specifically designed for knowledge exchange. Central to their product portfolio is XMReality Remote Guidance, a sophisticated ...
How the Company Makes Money
XMReality makes money primarily by licensing its remote guidance software to business customers under subscription-based (SaaS) terms. Revenue is generally generated from recurring software subscription fees tied to the number of users/seats, devi...
XMReality AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
70
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.92M | 15.39M | 19.79M | 19.79M | 18.80M | 21.98M |
| Gross Profit | 6.03M | 9.51M | -8.24M | 1.53M | -3.96M | -912.90K |
| EBITDA | 5.06M | 2.84M | -25.07M | -30.78M | -36.67M | -33.58M |
| Net Income | -2.15M | -3.04M | -23.28M | -31.30M | -36.75M | -33.46M |
Balance Sheet | ||||||
| Total Assets | 18.68M | 20.89M | 29.08M | 27.50M | 53.07M | 64.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.73M | 279.00K | 499.00K | 1.98M | 7.80M | 45.10M |
| Total Debt | 800.00K | 139.00K | 1.81M | 3.33M | 0.00 | 50.00K |
| Total Liabilities | 10.17M | 11.84M | 23.02M | 20.75M | 21.90M | 18.89M |
| Stockholders Equity | 8.51M | 9.05M | 5.19M | 6.75M | 31.17M | 45.21M |
Cash Flow | ||||||
| Free Cash Flow | 1.54M | -5.45M | -14.76M | -14.36M | -59.95M | -27.32M |
| Operating Cash Flow | 1.52M | -4.00M | -14.76M | -4.74M | -48.18M | -25.05M |
| Investing Cash Flow | -3.31M | -3.76M | -6.82M | -9.62M | -11.77M | -2.27M |
| Financing Cash Flow | 243.00K | 7.50M | 20.24M | 8.53M | 22.45M | 53.81M |
XMReality AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
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.