Acroud AB (publ)

ACROUD.ST

Gambling, Resorts & Casinos · Consumer Cyclical

Price

kr 0.14

+0.00 (+0.00%)

Market Cap

kr 181.6M

Exchange

Stockholm Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Strong

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+907.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 127.0M (2021) → 1.28B (2025)

Winston Score History

The full picture

Acroud AB is a Swedish company that helps online casinos and sports betting sites find new customers. It runs a network of websites, comparison tools, and content platforms that guide people looking to gamble online toward partner operators. When a visitor clicks through and signs up at a casino or sportsbook, Acroud earns a fee — making it a middleman between gamblers and gambling companies rather than a gambling operator itself.

Acroud makes money mainly through performance-based deals, where it gets paid a share of revenue generated by the players it refers, or a one-time fee per new sign-up. The company operates across Europe and has expanded into North America and other regulated markets. Its competitive edge comes from owning established gambling-content websites with strong search engine rankings, which are hard to replicate quickly. The main risk is regulatory: governments tightening online gambling rules or restricting affiliate marketing could directly cut off traffic and revenue.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+15.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+99.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

0.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€3M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Acroud AB (publ) is a rare growth stock that's already generating positive cash flow while growing at 15%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

102.2%

Premium pricing power — 102.2% gross margin

Profit after running costs

Operating Margin

2.4%

Thin — 2.4% operating margin

Return on the money invested

ROCE

2.2%

Weak — 2.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+23.3%

Fast-growing sales (+23.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

5.5%

Thin free cash flow (5.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.71

Moderate — manageable debt (0.71)

Covers its interest

Interest Cover

0.28x

Dangerous — barely covers interest (0.3x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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