eEducation Albert AB (ALBERT) AI Stock Analysis

• Market Cap: kr110.57M
• Dividend Yield: N/A
• Average Volume (3M): 58.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: -8.60%
• EPS Growth: 24.21%
• Country: SE
• Employees: 103
• Sector: Services
• Sector Strength: N/A
• Industry: Software - Application
• EPS (TTM): -0.40
• Shares Outstanding: 25,128,918
• 10 Day Avg. Volume: 47,185
• 30 Day Avg. Volume: 58,628
• PEG Ratio: 0.06
• Price to Book (P/B): 3.18
• Price to Sales (P/S): 0.90
• P/FCF Ratio: 16.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.41
• Revenue Forecast (FY): kr160.00M

• Rating: 46 Neutral
• Price Target: kr4.50 ▼(-30.56% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is primarily held back by weak financial performance—ongoing losses, recent revenue softness, and severe margin pressure (negative gross profit in 2025)—despite a low-debt balance sheet and a recent shift to positive cash flow. Technicals add downside pressure with a bearish trend, while valuation is only modestly offsetting due to a negative P/E tied to continued losses.

Positive Factors

Recurring subscription business model

The subscription-based model creates durable recurring revenue and predictable cash inflows if retention holds. For an edtech app, recurring revenue supports scalability, clearer revenue visibility, and potential upsells to households or institutional license buyers, aiding long-term planning.

Low leverage / balance sheet solvency

Modest debt relative to equity reduces financial risk and preserves flexibility to fund operations or restructure without heavy interest burdens. A lower leverage profile gives management runway to pursue recovery or growth initiatives before needing dilutive equity or expensive financing.

Shift to positive operating and free cash flow

Achieving positive operating and free cash flow in 2025 demonstrates the business can convert sales into cash, reducing external financing needs. If this cash-generation improvement persists, it materially strengthens liquidity, supports reinvestment, and lowers funding risk over the medium term.

Negative Factors

Persistent losses and negative gross profit

Ongoing net and operating losses, and a negative gross profit in 2025, indicate structural cost or pricing issues versus the core product. Persistent unprofitability undermines internal funding, risks further capital erosion, and requires durable margin recovery or product-cost restructuring to restore sustainable earnings.

Recent revenue stall and decline

Top-line stagnation and decline erode the scale economics central to subscription businesses. Stalled growth reduces the ability to spread fixed costs, compresses margins, and increases reliance on costly acquisition or price changes to regain momentum, posing a sustained headwind to durable profitability.

Erosion of equity base

A materially reduced equity base from prior years reflects cumulative losses and shrinks the balance-sheet buffer. This erosion limits capacity to absorb shocks, raises the likelihood of future dilution or constrained borrowing, and narrows strategic flexibility over the medium term.

eEducation Albert AB Business Overview & Revenue Model

Company Description

eEducation Albert AB (ALBERT) is a leading educational technology company based in Sweden, specializing in digital learning solutions for K-12 students. The company focuses on providing innovative educational tools and resources, including interactive learning platforms, digital textbooks, and supplementary educational materials. ALBERT’s mission is to enhance the learning experience through technology, making education more accessible and engaging for students and educators alike.

How the Company Makes Money

eEducation Albert AB generates revenue primarily through a subscription-based model for its digital learning platforms, where schools and educational institutions pay annual fees to access its resources and tools. Additional revenue streams include sales of digital textbooks, licensing agreements with educational content providers, and partnerships with schools to implement tailored educational solutions. The company may also earn income through grants and funding from educational initiatives, as well as collaborations with government agencies focused on improving digital education.

eEducation Albert AB Financial Statement Overview

Summary

Mixed fundamentals: low leverage supports solvency, and 2025 showed positive operating and free cash flow. However, the core weakness is persistent net and operating losses, stalled-to-declining revenue recently, and a sharp margin hit with gross profit turning negative in 2025, indicating significant cost pressure and limited earnings quality.

Income Statement

Revenue scaled materially from 2020 to 2024, but growth has stalled recently (flat in 2024 and down ~3% in 2025). Profitability remains weak: net losses persist every year and operating losses are large, with 2025 showing a sharp deterioration in gross profit (turning negative), pointing to significant cost pressure or non-recurring items impacting cost of revenue. Overall, the business is still far from consistent earnings power despite the earlier top-line expansion.

Balance Sheet

Leverage is low (debt remained modest relative to equity in recent years), which reduces financial risk. However, the equity base has declined meaningfully from 2021–2023 levels to 2025, consistent with ongoing losses and potential balance sheet erosion. Assets have also come down from prior peaks, suggesting reduced scale or write-downs; while solvency looks acceptable today, continued losses could weaken the capital position further.

Cash Flow

Cash generation has improved recently, with 2025 showing positive operating cash flow and positive free cash flow after multiple years of cash burn. That said, the trajectory is volatile: 2024–2022 had negative operating cash flow and negative free cash flow, and 2025 free cash flow growth is sharply negative versus the prior year, implying uneven underlying cash conversion. The key positive is the recent shift into positive free cash flow, but consistency is not yet proven.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	161.08M	177.79M	177.89M	123.06M	62.56M
Gross Profit	-82.67M	84.93M	87.82M	91.15M	51.48M
EBITDA	-13.80M	-28.77M	-43.93M	-71.32M	-56.79M
Net Income	-62.56M	-104.79M	-79.90M	-97.67M	-57.41M
Balance Sheet
Total Assets	128.99M	212.87M	315.53M	304.00M	279.80M
Cash, Cash Equivalents and Short-Term Investments	42.42M	44.47M	80.48M	104.14M	251.50M
Total Debt	3.70M	8.79M	11.79M	0.00	0.00
Total Liabilities	83.57M	102.67M	105.11M	64.63M	12.65M
Stockholders Equity	45.42M	110.20M	210.42M	239.38M	267.15M
Cash Flow
Free Cash Flow	8.82M	-33.78M	-33.84M	-82.01M	-59.91M
Operating Cash Flow	8.82M	-26.91M	-17.88M	-65.48M	-51.51M
Investing Cash Flow	-5.08M	-6.87M	-61.39M	-83.16M	-13.20M
Financing Cash Flow	-4.79M	-3.00M	57.05M	430.00K	247.68M

eEducation Albert AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALBERT, the sentiment is Negative. The current price of 6.48 is above the 20-day moving average (MA) of 5.40, above the 50-day MA of 5.37, and above the 200-day MA of 4.13, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 30.98 is Neutral, neither overbought nor oversold. The STOCH value of 16.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ALBERT.

eEducation Albert AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
FLOWS	52 Neutral	kr59.56M	25.76	―	―	―	―
COMPDM	52 Neutral	kr30.29M	-2.37	―	―	50.38%	10.68%
SPEONE	50 Neutral	kr65.11M	-2.05	-32.53%	―	-57.04%	-161.67%
ALBERT	46 Neutral	kr110.57M	-1.72	-76.48%	―	-8.60%	24.21%
DIVIO.B	43 Neutral	kr37.57M	-3.68	―	―	―	―