Ranplan Group AB (RPLAN) AI Stock Analysis

• Market Cap: kr86.37M
• Dividend Yield: N/A
• Average Volume (3M): 1.37K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.76
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 50
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.09
• Shares Outstanding: 77,118,240
• 10 Day Avg. Volume: 1,331
• 30 Day Avg. Volume: 1,372
• PEG Ratio: 0.64
• Price to Book (P/B): -34.23
• Price to Sales (P/S): 1.79
• P/FCF Ratio: 0.00
• 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: 48 Neutral
• Price Target: kr1.00 ▲(61.29% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is held down primarily by weak financial performance (persistent losses, negative equity, and ongoing cash burn). Technicals provide partial support due to positive trend/momentum, but overbought indicators add caution. Valuation is not supportive because the negative P/E is driven by losses and there is no dividend yield data.

Positive Factors

Product-market fit / Core product

Ranplan's core software addresses planning and optimization workflows that are integral to operators' network rollout and performance processes. This creates sticky, workflow-embedded demand across deployment cycles, supporting recurring engagements and long-term customer relationships.

High gross profit margins

The company's very high gross profit profile reflects software-like economics and strong unit margins on delivered solutions. Sustained high gross margins provide structural leverage to scale operating investments and can enable eventual profitability if operating expenses are controlled.

Exposure to structural 5G/LTE market tailwinds

Ranplan's offering targets long-duration industry trends—5G and LTE network rollouts and ongoing optimization. Multi-year deployment cycles and continual performance tuning create steady, structural demand for planning tools and consulting, underpinning durable addressable market growth.

Negative Factors

Negative shareholders' equity

Accumulated losses producing negative equity weaken capital structure and reduce financial flexibility. This limits the firm's ability to absorb shocks, raises refinancing and covenant risk, and can constrain strategic investments or M&A without dilutive or costly external funding.

Persistent operating cash burn

Ongoing negative operating cash flow means the business consumes cash rather than generates it, necessitating external financing to sustain operations. Over months this raises solvency and dilution risk and limits ability to self-fund growth or cushion cyclical downturns.

Revenue decline and sustained losses

A reversal from prior revenue growth plus continuing EBIT/net losses indicates the company has not yet converted favorable gross economics into stable profitability. This revenue volatility and operating loss profile challenge scalability and increase dependence on funding and execution improvements.

Ranplan Group AB Business Overview & Revenue Model

Company Description

Ranplan Group AB, a software company, develops software solutions wireless network planning, design, and optimization. It offers Ranplan Professional, a platform that allows to design, optimize, and complex in-building and outdoor wireless network; Ranplan In-Building for planning indoor wireless networks; Ranplan In-Building Lite, which helps in planning indoor public safety wireless networks; and Ranplan Tablet tool that automates site survey and in-building network designs. The company also provides Ranplan Collaboration Hub, a cloud-based project management and workflow tool that allows managers and onsite engineers to manage projects in real-time from inception through to deployment and maintenance. The company's products are used in HetNet wirless, in-building, outdoor, 5G, private networks, large venues, smart cities, tunnels/transportation, public safety, and Internet of Things applications. It primarily serves mobile operators \, system integrator, and telecommunication equipment vendors. The company has operations in Asia, North America, Europe, the Middle East, and Africa. Ranplan Group AB was founded in 2012 and is based in Stockholm, Sweden.

How the Company Makes Money

Ranplan Group AB Financial Statement Overview

Summary

Financial statements indicate elevated risk: revenue declined in 2025 after prior growth, losses persist at EBIT and net levels, shareholders’ equity is negative, and operating cash flow remains heavily negative—suggesting ongoing reliance on external funding despite strong gross profit characteristics.

Income Statement

Revenue has been volatile—strong growth in 2021–2024 but a decline in 2025 (annual revenue down to ~21.3m from ~28.7m). Gross profit remains very high (near full revenue in most years), but operating performance is deeply negative with persistent EBIT and net losses every year. Losses narrowed meaningfully in 2024 vs. 2023, but 2025 still shows substantial red ink, indicating the business has not yet converted its strong gross economics into sustainable profitability.

Balance Sheet

The balance sheet is strained by negative shareholders’ equity in the last several years (including 2025), which signals accumulated losses and limited financial flexibility. Debt levels have been material (peaking in 2024 and reduced in 2025), but with equity below zero, leverage risk remains elevated and the capital structure looks fragile despite some debt reduction.

Cash Flow

Operating cash flow is consistently and heavily negative across the period (including a large outflow in 2025), indicating the core business is consuming cash rather than funding itself. Free cash flow is also negative in most years (and recorded as 0 in 2025, which does not offset the ongoing cash burn shown in operations). Overall, the company appears reliant on external funding or balance-sheet actions to sustain operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.46M	21.29M	28.66M	20.50M	17.67M	15.31M
Gross Profit	21.58M	21.25M	27.74M	18.92M	16.87M	15.10M
EBITDA	0.00	-17.80M	-10.12M	-18.21M	-18.02M	-21.91M
Net Income	-17.26M	-16.08M	-12.55M	-27.37M	-26.68M	-23.96M
Balance Sheet
Total Assets	13.78M	13.80M	14.03M	16.23M	20.23M	35.66M
Cash, Cash Equivalents and Short-Term Investments	3.90M	1.80M	2.80M	1.49M	5.07M	17.41M
Total Debt	0.00	7.59M	25.28M	14.09M	11.33M	0.00
Total Liabilities	8.21M	14.91M	33.13M	22.78M	19.41M	8.14M
Stockholders Equity	5.57M	-1.11M	-19.10M	-6.55M	823.00K	27.52M
Cash Flow
Free Cash Flow	-12.11M	0.00	-7.45M	-23.33M	-23.35M	-26.75M
Operating Cash Flow	-12.11M	-17.78M	-7.45M	-23.33M	-23.35M	-26.75M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	13.57M	16.79M	8.75M	19.75M	11.02M	41.32M

Ranplan Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GENI	75 Outperform	kr452.35M	14.91	―	3.48%	―	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RPLAN	48 Neutral	kr86.37M	-4.31	―	―	―	―
BUSER	47 Neutral	kr107.83M	-0.83	―	―	―	―
MOBA	46 Neutral	kr15.42M	-0.25	―	―	―	―