Checkin.com Group AB (CHECK) AI Stock Analysis

• Market Cap: kr72.62M
• Dividend Yield: N/A
• Average Volume (3M): 10.27K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.15
• Revenue Growth: -18.26%
• EPS Growth: -109.47%
• Country: SE
• Employees: 19
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -3.91
• Shares Outstanding: 29,886,425
• 10 Day Avg. Volume: 17,067
• 30 Day Avg. Volume: 10,267
• PEG Ratio: >-0.01
• Price to Book (P/B): 2.39
• Price to Sales (P/S): 2.22
• P/FCF Ratio: -18.86
• 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): -0.21
• Revenue Forecast (FY): kr76.00M

• Rating: 43 Neutral
• Price Target: kr2.00 ▼(-59.18% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is held down primarily by the sharp deterioration in profitability and continued losses, alongside a clearly bearish technical trend with weak momentum. Low balance-sheet leverage and some improvement in cash generation provide partial support, but valuation is difficult to justify with a negative P/E and no dividend yield data.

Positive Factors

Low leverage

Checkin.com's very low debt-to-equity (~0.06 in 2025) provides durable financial flexibility. With limited leverage the firm can absorb operating volatility, prioritize product and compliance investment, and access credit or equity on better terms without immediate refinancing pressure.

Improving cash generation

Operating cash flow turned consistently positive and free cash flow moved to positive in 2025, giving the company a more reliable short-term liquidity base. Sustainable OCF supports ongoing R&D and customer onboarding spend without constant external financing if the trend persists.

Secular identity market exposure

The business targets digital identity and onboarding for regulated industries (finance, telecom, public sector), a structural market driven by compliance and digitization. These long-term tailwinds create recurring need for verification solutions and can support stable revenue streams if product-market fit holds.

Negative Factors

Deteriorating profitability

Revenue contracted and net losses expanded materially in 2025 after a prior return to profitability in 2023. Continued operating losses threaten reinvestment capacity, can erode customer and partner confidence, and increase the likelihood of future capital raises that dilute shareholders.

Volatile free cash flow

Free cash flow swings (negative across 2020–2024, then positive in 2025) indicate unstable cash conversion and make multi-year planning difficult. If volatility resumes, funding product development or sales expansion may require external capital, increasing execution risk and financing costs.

Eroding equity base

Material decline in shareholders' equity from 2024 to 2025 reduces the balance-sheet cushion against future losses. Combined with a small employee base and limited scale, continued equity erosion constrains growth options, raises dilution risk, and weakens resilience to competitive or regulatory shocks.

Checkin.com Group AB Business Overview & Revenue Model

Company Description

Checkin.Com Group AB (Publ) develops software as a service-software that gather technologies, which allow its consumers to connect with brands and services online. Checkin.Com Group AB (Publ) was founded in 2017 and is based in Stockholm, Sweden.

How the Company Makes Money

Checkin.com Group AB generates revenue primarily through subscription fees for its software solutions and services offered to hotels and travel operators. The company employs a SaaS (Software as a Service) model, charging clients on a recurring basis for access to its platforms. Additionally, CHECK may earn revenue through transaction fees associated with bookings made through its systems, as well as through strategic partnerships with travel agencies and hospitality companies that integrate its technology into their operations. Key partnerships with industry players enhance its market reach and contribute positively to its earnings.

Checkin.com Group AB Financial Statement Overview

Summary

Overall fundamentals are pressured by sharply deteriorating profitability (revenue down ~2% in 2025 and net losses expanding materially versus 2024 and the prior profitable year). Low leverage (debt-to-equity ~0.06 in 2025) is a key strength, but equity declined materially and free cash flow has been volatile despite turning positive in 2025.

Income Statement

Profitability deteriorated sharply in the latest annual period (2025), with revenue down (~2%) and net losses expanding dramatically versus 2024 and the prior profitable year in 2023. While EBITDA remains positive (roughly low-20% margin in 2025), the move to deeply negative operating results and net margin indicates significant cost/charge pressure and weak earnings quality. Earlier years showed strong top-line growth (2020–2022) and a return to profitability in 2023, but the trend has reversed meaningfully over the last two years.

Balance Sheet

The balance sheet appears conservatively levered, with low debt relative to equity across the period (debt-to-equity generally ~0.05–0.12, and ~0.06 in 2025), which provides financial flexibility. However, equity declined materially from 2024 to 2025, consistent with heavy losses, and returns on equity have been volatile (positive in 2023, negative in 2024). Overall leverage is a strength, but ongoing losses risk further erosion of the equity base.

Cash Flow

Operating cash flow is positive in recent years and improved substantially from 2020–2022 levels, supporting near-term liquidity. Free cash flow has been inconsistent—negative in multiple years (2020–2024) before turning positive in 2025—highlighting volatility in cash conversion and investment/working-capital dynamics. Cash generation is a partial offset to accounting losses, but the large swing in free cash flow (including a steep decline versus the prior year) raises sustainability concerns.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	69.87M	77.48M	96.99M	70.19M	38.86M
Gross Profit	-130.83M	79.99M	22.86M	59.95M	32.48M
EBITDA	15.65M	13.68M	10.98M	-672.00K	-2.66M
Net Income	-129.69M	-18.82M	3.46M	-7.52M	-6.80M
Balance Sheet
Total Assets	78.50M	228.95M	241.94M	245.69M	228.48M
Cash, Cash Equivalents and Short-Term Investments	13.68M	28.97M	37.66M	47.42M	91.59M
Total Debt	3.91M	9.66M	16.99M	24.38M	31.91M
Total Liabilities	13.54M	28.05M	34.17M	41.40M	46.76M
Stockholders Equity	64.96M	200.90M	207.78M	204.29M	181.72M
Cash Flow
Free Cash Flow	-8.24M	-9.27M	-1.24M	-23.51M	-18.56M
Operating Cash Flow	11.76M	13.75M	24.63M	2.90M	810.00K
Investing Cash Flow	-19.94M	-23.02M	-25.87M	-46.17M	-43.82M
Financing Cash Flow	-5.22M	-1.38M	-7.41M	-3.63M	129.44M

Checkin.com Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CHECK, the sentiment is Negative. The current price of 4.9 is above the 20-day moving average (MA) of 2.46, above the 50-day MA of 3.14, and below the 200-day MA of 5.85, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 38.80 is Neutral, neither overbought nor oversold. The STOCH value of 65.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CHECK.

Checkin.com Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SFTR	58 Neutral	kr154.01M	224.82	―	―	―	―
BUSER	53 Neutral	kr199.57M	-0.85	―	―	―	―
RPLAN	48 Neutral	kr86.37M	-2.37	―	―	―	―
MOBA	46 Neutral	kr16.67M	-0.07	―	―	―	―
CHECK	43 Neutral	kr72.62M	-1.20	-83.82%	―	-18.26%	-109.47%
GREAT	42 Neutral	kr208.49M	-5.44	―	―	-69.94%	-7367.66%