Stock

Remedy Entertainment Oyj

REMEDY.HE

Electronic Gaming & Multimedia · Technology

Price

€18.60

+0.30 (+1.64%)

Market Cap

€252.8M

Exchange

NASDAQ Helsinki

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Sep 12, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Dividends

Weak

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§Winston Score History

The full picture

Remedy Entertainment is a Finnish video game studio known for creating story-driven action games. Its most famous franchises include Alan Wake, Control, and Max Payne. The company develops games for PC and major consoles, selling to gamers worldwide who enjoy cinematic, narrative-heavy experiences.

Remedy earns money through game sales, royalties, and development deals with publishers like Epic Games and Rockstar Games. It is headquartered in Espoo, Finland, and has a market cap around $0.3 billion, making it a small but well-regarded independent studio. Its high gross margins reflect a digital-heavy sales mix, though the company currently operates at a slight loss as it invests in multiple projects simultaneously. The key growth driver is its expanding pipeline, including a Control sequel and a connected game universe, but the main risk is that each major release carries significant execution and commercial uncertainty.

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

-31.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-150.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

41.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€30M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Revenue declining

Remedy Entertainment Oyj's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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.

Share count broadly stable

−0.9% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 13.7M (2021) → 13.6M (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

91.2%

Premium pricing power — 91.2% gross margin

Profit after running costs

Operating Margin

-12.5%

Losing money on operations — -12.5%

Return on the money invested

ROCE

-3.1%

Weak — -3.1% 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

-36.3%

Shrinking sales (-36.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-3.7%

Burning cash (-3.7%)

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

0.27

Conservative — low debt load (0.27)

Covers its interest

Interest Cover

N/A

Data not available

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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

Dividend

Dividend Yield

0.54%

Small dividend — 0.54% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

Data not available

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