Debt-free Balance SheetZero reported debt materially reduces refinancing and interest-rate risk and provides management with durable financial optionality. Over a multi-month horizon this buffer supports continued live-ops, user acquisition or restructuring without immediate debt servicing constraints.

Free-to-play + Live-ops ModelA free-to-play model with in-app purchases, ad monetization and live-ops is a structural advantage in mobile gaming. Durable recurring revenue and scalable digital distribution can support recovery if retention and UA economics normalize over several quarters.

Narrowing Operating Cash Outflow (2025)A reduced operating cash outflow in 2025 versus prior years indicates early progress on cost control or revenue stabilization. If sustained, lower burn improves runway, reduces reliance on external funding and enables reinvestment into live content for long-term recovery.

Bears Say

Multi-year Revenue DeclineA sustained drop from SEK 103.8m (2020) to SEK 15.3m (2025) erodes scale, reduces operating leverage and weakens platform and ad-partner negotiating power. Persistent top-line shrinkage impairs ability to fund live-ops and raises structural risk to business viability.

Negative Gross ProfitNegative gross profit means direct costs exceed game-level revenue, signalling broken unit economics. This is a structural issue that cannot be fixed by cutting overhead alone; sustainable recovery requires improving monetization, reducing direct costs, or launching high-margin titles.

Persistent Cash Burn And Equity ErosionConsistent negative operating cash flow and a decline in equity from ~71.6m to ~15.9m reflect cumulative losses and shrinking capital buffers. Over months, this elevates dilution, refinancing and solvency risk if the company cannot return to positive cash generation.

4UJ FAQ

What was Qiiwi Games AB’s price range in the past 12 months?

Qiiwi Games AB lowest stock price was €0.11 and its highest was €0.38 in the past 12 months.

What is Qiiwi Games AB’s market cap?

Qiiwi Games AB’s market cap is €1.29M.

When is Qiiwi Games AB’s upcoming earnings report date?

Qiiwi Games AB’s upcoming earnings report date is May 13, 2026 which is in 52 days.

How were Qiiwi Games AB’s earnings last quarter?

Qiiwi Games AB released its earnings results on Feb 19, 2026. The company reported -€0.009 earnings per share for the quarter, missing the consensus estimate of N/A by -€0.009.

Is Qiiwi Games AB overvalued?

According to Wall Street analysts Qiiwi Games AB’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Qiiwi Games AB pay dividends?

Qiiwi Games AB does not currently pay dividends.

What is Qiiwi Games AB’s EPS estimate?

Qiiwi Games AB’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Qiiwi Games AB have?

Qiiwi Games AB has 9,249,492 shares outstanding.

What happened to Qiiwi Games AB’s price movement after its last earnings report?

Qiiwi Games AB reported an EPS of -€0.009 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 1.22%.

Which hedge fund is a major shareholder of Qiiwi Games AB?

Currently, no hedge funds are holding shares in DE:4UJ

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Qiiwi Games AB

Qiiwi Games AB (publ) develops and publishes games for mobile platforms in Sweden. The company focuses on developing mobile games for casual gamers within the trivia, match-3, and word/puzzle genres. It has strategic cooperation agreements with All3Media International to develop and publish a word game for the detective drama Midsomer Murders and a match-3 game for the reality television series Kitchen Nightmares. The company was founded in 2012 and is based in Alingsås, Sweden.