GomSpace Group AB (publ)

GOMX.ST

Aerospace & Defense · Industrials

Price

kr 11.59

+0.28 (+2.48%)

Market Cap

kr 2.01B

Exchange

Stockholm Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+222.7% over 4y

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

Diluted shares outstanding: 52.3M (2021) → 168.7M (2025)

Winston Score History

The full picture

GomSpace Group is a Danish company that builds small satellites called nanosatellites and CubeSats. These tiny satellites are used by governments, research institutions, and commercial customers for tasks like Earth observation, communications, and scientific experiments. GomSpace is one of the few specialized manufacturers of small satellites in Europe.

The company earns revenue by selling satellite hardware, complete satellite systems, and related engineering services to its customers. It operates primarily in Europe but sells to clients globally, including space agencies and defense organizations. Its competitive edge comes from deep technical expertise in miniaturized satellite components built over many years. However, GomSpace currently operates at a loss, and the main risk is that the small satellite market is becoming more crowded, with larger aerospace companies and well-funded startups competing for the same contracts. Winning larger government and defense contracts will be critical to reaching profitability.

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

+74.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+100.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

kr 19M/ year

↑ Rising (+8% vs prior year)

4.3% of revenue

In line with sector average (4%)

R&D investment increasing — building for the future

Insider Activity

36.8%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~2 years

kr 213M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

kr 213M cash & investments at current burn rate

Revenue accelerating

GomSpace Group AB (publ) grew revenue 75% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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

28.7%

Modest — 28.7% gross margin

Profit after running costs

Operating Margin

4.3%

Thin — 4.3% operating margin

Return on the money invested

ROCE

3.3%

Weak — 3.3% 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

+71.4%

Fast-growing sales (+71.4% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-15.9%

Burning cash (-15.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.48

Conservative — low debt load (0.48)

Covers its interest

Interest Cover

0.14x

Dangerous — barely covers interest (0.1x)

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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