Axolot Solutions Holding AB (AXOLOT) AI Stock Analysis

• Market Cap: kr109.01M
• Dividend Yield: N/A
• Average Volume (3M): 426.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: -27.29%
• EPS Growth: 72.72%
• Country: SE
• Employees: 3
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): N/A
• Shares Outstanding: 302,814,940
• 10 Day Avg. Volume: 426,168
• 30 Day Avg. Volume: 426,274
• PEG Ratio: 0.18
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 7.74
• P/FCF Ratio: -17.67
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: kr0.42 ▲(38.67% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held back primarily by weak and deteriorating profitability with ongoing cash burn, partially offset by a very strong low-risk balance sheet (zero debt) and improving technical momentum. Valuation is constrained by negative earnings and no provided dividend yield.

Positive Factors

Balance Sheet Strength

Zero reported debt and a sizeable equity base materially reduce financial risk and provide durable flexibility. This cushioning supports funding operations, R&D or selective capex while management works to scale margins, lowering near-term insolvency and refinancing risk.

Revenue Growth Trajectory

Strong recent top-line growth signals commercial traction and rising market penetration. Sustained revenue expansion creates a structural path to operating leverage if costs are controlled, enabling eventual conversion of scale into durable margin and cash-flow improvements.

Niche Technology & Aftermarket Potential

A focused electrocoagulation product set provides differentiation in industrial water treatment and supports recurring revenue streams (service, spares, consumables). This technology-led positioning aligns with long-term industrial demand for water purification solutions.

Negative Factors

Negative Gross Margin

Gross profit deterioration to negative territory shows the core product mix and pricing do not yet cover direct costs. Structural negative margins undermine path to profitability and require substantive changes to pricing, cost base, or product mix to sustain the business long-term.

Persistent Cash Burn

Consistent negative operating and free cash flows mean the company consumes capital to run its business. Even with improved burn, sustained cash deficits force reliance on equity or external financing, limiting reinvestment and increasing dilution or liquidity risk over the medium term.

Limited Internal Scale/Capacity

A very small headcount indicates constrained internal engineering, project delivery and service capacity. This magnifies execution risk, increases dependence on contractors or partners, and could create delivery bottlenecks as revenue grows, challenging scalable margin improvement.

Axolot Solutions Holding AB Business Overview & Revenue Model

Company Description

Axolot Solutions Holding AB (publ), an environmental technology company, provides systems for industrial water purification under the AxoPur and AxoPlus names in Sweden. The company offers solutions for industries and waste owners, including effluent purification, waste minimization, process water cleaning for recirculation, energy recovery via water recirculation or floc burning, and material recovery via floc reprocessing. The company was founded in 2014 and is headquartered in Helsingborg, Sweden.

How the Company Makes Money

Axolot Solutions Holding AB generates revenue primarily through the sale and implementation of its water treatment systems. The company's key revenue streams include the direct sale of its proprietary water purification equipment and related services such as installation, maintenance, and support. Axolot may also engage in leasing arrangements for its technology, providing a recurring revenue stream. Additionally, the company could partner with industrial clients or governmental bodies in need of sustainable water treatment solutions, which can lead to long-term contracts and collaborations. By focusing on industries with significant water treatment needs, Axolot taps into a growing market driven by environmental regulations and the increasing need for sustainable industrial processes.

Axolot Solutions Holding AB Financial Statement Overview

Summary

Balance sheet strength (zero debt and sizeable equity) supports financial flexibility, but operating performance is the key drag: profitability deteriorated materially with gross profit turning negative in 2025, losses remain persistent, and cash flow is still negative despite some improvement in burn.

Income Statement

Revenue accelerated in the latest annual period (2025: ~19% growth) and scaled sharply versus 2024, but profitability deteriorated materially: gross profit turned negative in 2025 and the company remained loss-making across all years shown. While prior years showed very high gross margin, operating losses have been persistent and large relative to revenue, indicating the business model is not yet operating at sustainable scale.

Balance Sheet

The balance sheet is a clear strength: total debt is zero in 2024–2025 (and minimal in 2023), with a sizeable equity base that increased in 2025 (equity ~77.7m vs assets ~80.5m). This low leverage profile reduces financial risk and provides flexibility to fund operations, though returns on equity have been meaningfully negative where provided, reflecting that capital is not currently generating profits.

Cash Flow

Cash generation remains weak with operating cash flow negative every year shown, though 2025 burn improved versus 2024 (about -4.3m vs -6.1m). Free cash flow is also consistently negative, improving in 2025 versus 2024 but still indicating ongoing cash consumption; this creates continued reliance on the balance sheet (or future financing) until operating performance turns profitable.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.59M	2.98M	1.65M	2.04M	2.96M
Gross Profit	-6.44M	2.91M	1.65M	1.65M	2.08M
EBITDA	-5.38M	-17.53M	-13.65M	-15.65M	-14.78M
Net Income	-5.94M	-18.01M	-16.41M	-20.41M	-18.30M
Balance Sheet
Total Assets	80.48M	73.96M	29.51M	26.98M	23.95M
Cash, Cash Equivalents and Short-Term Investments	12.59M	7.28M	16.97M	17.03M	12.87M
Total Debt	0.00	0.00	922.00K	0.00	0.00
Total Liabilities	2.73M	1.27M	1.29M	2.37M	2.50M
Stockholders Equity	77.75M	72.68M	21.72M	24.61M	21.45M
Cash Flow
Free Cash Flow	-4.64M	-11.37M	-14.44M	-17.42M	-13.61M
Operating Cash Flow	-4.33M	-6.12M	-12.41M	-14.16M	-12.50M
Investing Cash Flow	-1.36M	-10.25M	-2.03M	-3.26M	-1.11M
Financing Cash Flow	11.00M	8.79M	14.38M	21.69M	3.00M

Axolot Solutions Holding AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AXOLOT, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.35, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 46.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:AXOLOT.

Axolot Solutions Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
LEVEL	56 Neutral	kr118.13M	-30.10	-1.58%	―	2.70%	85.94%
AXOLOT	53 Neutral	kr109.01M	-13.81	-17.60%	―	-27.29%	72.72%
BIOEX	52 Neutral	kr126.88M	-6.27	-94.54%	―	-27.18%	33.32%
CIRCHE	49 Neutral	kr47.24M	-2.71	-25.32%	―	―	―
SAXG	49 Neutral	kr104.03M	45.33	-14.54%	―	-17.38%	96.53%