Improved Cash GenerationOperating and free cash flow turned clearly positive in 2024 and strengthened in 2025, creating a more reliable internal funding source for live-ops, content updates and user acquisition. Durable cash generation reduces reliance on external financing and supports reinvestment into games and retention programs.

Return To ProfitabilityTransitioning from losses to positive operating and net profit in 2024–2025 signals the business model can reach sustainable scale. Positive earnings improve the company’s ability to self-fund product development, reduce dilution risk, and provide management flexibility to prioritize long-term live-ops investments.

Recurring Free-to-play Live-ops ModelA live-ops free-to-play model creates recurring revenue through in-app purchases, passes and ads, which can produce high lifetime value when retention is strong. Complementary development/services work provides diversification and potential revenue shares, stabilizing income across game cycles.

Bears Say

Recent Revenue DeclineA decline in revenue (-7.5% in 2025) undermines the durability of the recovery: lower top-line reduces operating leverage, constrains marketing budgets for user acquisition, and makes margin recovery harder. Persistent or recurring revenue drops would impair cash generation and growth reinvestment.

Thin And Compressed MarginsMargins compressed meaningfully year-over-year, leaving only a small profitability buffer. Low net margins make results highly sensitive to user acquisition costs or retention slippage, limiting scope to absorb marketing spend or product investments without eroding profitability in adverse conditions.

Meaningful Leverage And Cash VolatilityAlthough leverage eased from very elevated levels, debt remains material relative to equity and the company has a history of large cash burn and volatile free cash flow. This restricts strategic flexibility and increases refinancing or covenant risk if revenue or cash flow weaken again.

NITRO FAQ

What was Nitro Games Plc’s price range in the past 12 months?

Nitro Games Plc lowest stock price was kr1.04 and its highest was kr2.08 in the past 12 months.

What is Nitro Games Plc’s market cap?

Nitro Games Plc’s market cap is kr34.64M.

When is Nitro Games Plc’s upcoming earnings report date?

Nitro Games Plc’s upcoming earnings report date is Apr 27, 2026 which is in 34 days.

How were Nitro Games Plc’s earnings last quarter?

Nitro Games Plc released its earnings results on Feb 16, 2026. The company reported kr0.171 earnings per share for the quarter, beating the consensus estimate of N/A by kr0.171.

Is Nitro Games Plc overvalued?

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

Does Nitro Games Plc pay dividends?

Nitro Games Plc does not currently pay dividends.

What is Nitro Games Plc’s EPS estimate?

Nitro Games Plc’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Nitro Games Plc have?

Nitro Games Plc has 24,924,364 shares outstanding.

What happened to Nitro Games Plc’s price movement after its last earnings report?

Nitro Games Plc reported an EPS of kr0.171 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.38%.

Which hedge fund is a major shareholder of Nitro Games Plc?

Currently, no hedge funds are holding shares in SE:NITRO

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

Nitro Games Plc

Nitro Games Plc (NITRO) is a mobile game development company based in Finland, specializing in the creation of engaging free-to-play games across various genres, including action, strategy, and simulation. The company focuses on delivering high-quality gaming experiences through innovative gameplay mechanics and appealing graphics. Nitro Games aims to capture a global audience by leveraging its expertise in game design and user engagement.