Litium AB (publ)

LITI.ST

Software - Application · Technology

Exchange

Stockholm Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Mixed

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

Litium AB is a Swedish software company that builds e-commerce platforms for businesses. Its main product is a cloud-based system that helps manufacturers, wholesalers, and distributors sell products online — both to other businesses (B2B) and to regular consumers (B2C). The company focuses on mid-sized Nordic companies that need more than a basic online store but do not want to build custom software from scratch.

Litium earns money through recurring software subscriptions and implementation services, with most of its revenue coming from Sweden and the broader Nordic region. The platform's deep focus on B2B commerce — which is more complex than consumer shopping — gives it a niche position against larger global competitors like Salesforce and SAP. However, the company is currently unprofitable, and its thin gross margin of around 13% suggests heavy reliance on services revenue rather than pure software, which limits scalability. The key risk is whether Litium can grow its higher-margin subscription base fast enough to reach profitability before larger players crowd out the Nordic market.

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

+32.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+40.8% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

35.0%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

kr 12M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Revenue accelerating

Litium AB (publ) grew revenue 32% 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

-0.6%

Thin — -0.6% gross margin

Profit after running costs

Operating Margin

-0.6%

Losing money on operations — -0.6%

Return on the money invested

ROCE

-1.6%

Weak — -1.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+25.4%

Fast-growing sales (+25.4% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

20.1%

Converts sales into free cash efficiently (20.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

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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