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Truecaller AB Class B
(TRUE.B)
Truecaller AB Class B (TRUE.B) vs. iShares MSCI Sweden ETF (EWD)
Truecaller AB Class B Business Overview & Revenue Model
Truecaller AB Class B Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.91B | 1.86B | 1.73B | 1.77B | 1.13B |
| Gross Profit | 519.42M | 863.68M | 955.49M | 1.06B | 590.37M |
| EBITDA | 583.80M | 684.21M | 702.88M | 736.22M | 459.95M |
| Net Income | 388.63M | 524.32M | 536.33M | 535.23M | 258.31M |
Balance Sheet | |||||
| Total Assets | 1.65B | 1.96B | 2.16B | 2.34B | 1.69B |
| Cash, Cash Equivalents and Short-Term Investments | 979.51M | 1.32B | 1.57B | 1.73B | 1.39B |
| Total Debt | 130.59M | 100.13M | 120.94M | 141.51M | 88.38M |
| Total Liabilities | 398.49M | 449.04M | 416.64M | 540.28M | 281.49M |
| Stockholders Equity | 1.25B | 1.51B | 1.74B | 1.80B | 1.41B |
Cash Flow | |||||
| Free Cash Flow | 517.99M | 589.91M | 555.96M | 595.67M | 379.07M |
| Operating Cash Flow | 521.40M | 604.09M | 581.96M | 610.41M | 380.89M |
| Investing Cash Flow | 210.45M | 130.16M | -626.87M | -297.32M | -151.89M |
| Financing Cash Flow | -785.25M | -882.10M | -643.08M | -223.12M | 812.97M |
Truecaller AB Class B Technical Analysis
Truecaller AB Class B Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr7.73B | 30.31 | ― | ― | -7.81% | -8.76% | |
65 Neutral | €3.89B | 9.78 | 39.36% | 1.94% | 12.40% | 0.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr2.65B | 21.89 | 32.28% | 1.41% | 11.23% | 16.24% | |
60 Neutral | kr9.32B | 21.82 | 8.26% | 1.14% | 14.41% | -4.45% | |
52 Neutral | kr1.29B | -0.66 | 1.00% | ― | -21.66% | ― | |
44 Neutral | kr2.27B | -13.04 | ― | ― | 10.25% | -698.93% |
Truecaller AB Class B Corporate Events
Truecaller has announced that it will publish its year-end interim report for the period January–December 2025 on 17 February 2026 at 07:30 CET. The company’s CEO, Rishit Jhunjhunwala, and CFO, Odd Bolin, will present the results and take questions in an English-language webcast and teleconference later that day at 13:00 CET, providing investors and other stakeholders an opportunity to gain deeper insight into the company’s financial performance and operational development.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK16.50 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller reported preliminary, unaudited figures for the fourth quarter of 2025 indicating a sharp decline in ad revenues to SEK 255.2 million and a drop in EBITDA and margins, while total net sales slipped slightly in constant currencies. The company attributed the advertising weakness primarily to ongoing issues with its largest demand partner and is accelerating a strategic transition away from ad dependency toward recurring revenues from premium subscriptions and Truecaller for Business, which both showed strong double‑digit growth, supported by rising MAUs, cost-efficiency measures expected to annualize at about SEK 90 million, and a solid cash position of roughly SEK 1 billion that preserves financial flexibility for capital allocation.
The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK16.50 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB repurchased 616,000 Class B shares during the week of 12–16 January 2026, equal to 0.17% of its outstanding share capital, as part of its ongoing buyback programme authorized at the 2025 AGM and running until the 2026 AGM. Following these transactions, carried out on Nasdaq Stockholm by Carnegie, the company now holds a total of 13,205,926 B shares and 5,013,786 C shares, representing 5.15% of outstanding capital, and has cumulatively repurchased 9,260,594 shares in the current programme and 41,853,041 shares across all buyback programmes since 2022, signaling continued capital returns to shareholders and active management of its capital structure.
The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK19.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has disclosed that, following the repurchase of 150,000 shares on 12 January 2026 under its ongoing share buyback programme, its holding of treasury shares has surpassed 5% of the company’s total share count. The company now holds a total of 17,753,712 series B and C shares, representing 5.02% of its outstanding shares, in a move aimed at optimising its capital and share structure to enhance shareholder value ahead of its 2026 Annual General Meeting.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK21.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has continued its ongoing share repurchase programme, buying back 1,603,541 Class B shares during the week of 5–9 January 2026, equal to 0.45% of its outstanding capital, bringing total buybacks under the current mandate to 8,644,594 shares, or 2.44% of capital. Executed via Carnegie on Nasdaq Stockholm, these latest purchases lift the company’s total treasury holdings to 12,589,926 B shares and 5,013,786 C shares, representing 4.98% of outstanding capital, and form part of a broader multi-year capital management strategy under which Truecaller has repurchased more than 41 million shares since 2022 at an aggregate cost exceeding SEK 1.3 billion, potentially supporting earnings per share and signalling ongoing confidence in the company’s long‑term prospects.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK21.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has continued its ongoing share buyback initiative, repurchasing 400,000 Class B shares between 29 December 2025 and 2 January 2026, equal to 0.11% of its outstanding share capital, as part of a programme running until the 2026 annual general meeting and capped at 10% of total shares. Executed via Carnegie on Nasdaq Stockholm, the latest purchases bring total buybacks under the current mandate to 7,041,053 shares and the company’s overall treasury holding to 4.52% of outstanding capital, underscoring a sustained capital-return strategy that has seen nearly 40 million shares repurchased since 2022 at an aggregate cost of about SEK 1.3 billion, potentially supporting earnings per share and signaling confidence in the firm’s long-term prospects.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK21.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller has continued its ongoing share buyback programme by repurchasing 240,000 Class B shares on Nasdaq Stockholm during the week of 22–26 December 2025, equal to 0.07% of its outstanding capital, bringing total repurchases under the current mandate to 6.64 million shares, or 1.88% of the company’s capital. The buybacks, executed by Carnegie on Truecaller’s behalf under an authorization from the 2025 AGM that permits treasury holdings of up to 10% of shares, increase the company’s total treasury stock to 10.59 million B shares and 5.01 million C shares, representing 4.41% of outstanding capital, and extend a capital-return strategy that has seen nearly 39.2 million shares repurchased across several programmes since 2022 at a cumulative cost of about SEK 1.28 billion.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK21.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has continued its ongoing share buyback programme, repurchasing 2,322,000 Class B shares during the week of 15–19 December 2025, equal to 0.66% of the company’s outstanding share capital. Since the current programme began in late May 2025, the company has bought back a total of 6,401,053 shares, bringing its total holdings to 10,346,385 B shares and 5,013,786 C shares, or 4.34% of outstanding capital, with the mandate allowing buybacks of up to 10% of shares outstanding. Executed on Nasdaq Stockholm via Carnegie, the buybacks—part of a series of programmes totaling nearly 39 million shares repurchased since 2022—underscore Truecaller’s continued use of capital returns as a tool for balance-sheet optimization and potential earnings-per-share accretion, affecting the trading liquidity and ownership structure for existing shareholders.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK21.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has repurchased 375,000 of its own B shares during the week of December 8-12, 2025, as part of an ongoing buyback program. This initiative aims to enhance shareholder value and manage capital structure, with the company having repurchased over 4 million shares since the program’s inception. The buyback program is set to continue until the 2026 Annual General Meeting, with the potential to repurchase up to 10% of the company’s shares. This move reflects Truecaller’s strategic efforts to strengthen its market position and optimize its financial operations.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB Class B has experienced a decline in ad revenues in the fourth quarter of 2025, primarily due to an algorithm change by its largest demand partner and a weaker ads market in India. Despite this, the company expects robust growth in its recurring revenue streams and user base. Truecaller is focusing on a revamped ads strategy to reduce dependency on specific partners and markets, aiming for long-term growth and stability. Additionally, the company anticipates an extra cost related to its incentive program, which will not impact cash flow.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller has launched a new feature called Family Protection, integrated into its app to enhance digital safety for families by allowing them to form trusted groups and protect against phone scams. This feature is available in four pilot markets and aims to drive user engagement and subscription revenues by offering both free and premium protection options, aligning with Truecaller’s strategic goals of expanding its communication ecosystem.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has repurchased 500,000 B shares as part of its ongoing share buyback program, which began in May 2025 and will continue until the 2026 Annual General Meeting. This initiative, executed through Nasdaq Stockholm by Carnegie, aims to enhance shareholder value by reducing the number of outstanding shares, with the company’s current holding amounting to 3.58% of the outstanding capital.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has repurchased 250,000 of its own B shares during the week of November 24-28, 2025, as part of its ongoing share buyback program. This initiative, which began in May 2025 and will continue until the 2026 AGM, aims to enhance shareholder value by potentially increasing the company’s shareholding to up to 10% of its total shares. The buybacks, executed on Nasdaq Stockholm, reflect Truecaller’s strategic financial management and commitment to optimizing capital structure.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
Truecaller AB has repurchased 350,000 of its own B shares during the week of November 17-21, 2025, as part of its ongoing share buyback program. This initiative, which aims to enhance shareholder value, allows the company to repurchase up to 10% of its outstanding shares by May 2026, reflecting a strategic move to strengthen its market position and optimize capital structure.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK28.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.