CHECKNasdaq StockholmSoftware - ApplicationIFRS · SEK

Checkin.com Group

Checkin.com Group is a Swedish software company that provides digital onboarding and identity verification tools for businesses. Its platform helps customers register, identify, age-verify, and log in end users through KYC, biometric, and document-checking workflows across global markets.

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Revenue69.9m SEK
−9.8 %y/y
Operating profit (EBIT)-132m SEK
−656.1 %y/y
EBIT margin-188.3%
−165.8 ppy/y
Net income-130m SEK
−589.3 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-150-100-50050100m SEK2021: 39 m SEK2021: EBIT -6.7 m SEK20212022: 70 m SEK2022: EBIT -6.9 m SEK20222023: 97 m SEK2023: EBIT 4.2 m SEK20232024: 77 m SEK2024: EBIT -17 m SEK20242025: 70 m SEK2025: EBIT -132 m SEK2025TTM 2026: EBIT -127 m SEKTTM-127
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
KYC and identity verification45 %

Tools that verify who a user is, including identity checks, age checks, and document validation.

Onboarding and login flows25 %

Software that streamlines signup, login, and conversion-focused onboarding journeys.

Biometric and fraud prevention15 %

Biometric and related controls used to reduce fraud and strengthen trust in digital onboarding.

Additional services and usage-based fees15 %

Extra modules and transaction-linked fees tied to customer usage and expanded deployments.

Customers

Checkin.com sells primarily to businesses that need compliant digital onboarding at scale, especially in regulated or high-friction online environments. Its core customers are in iGaming, financial services, and travel & leisure, where conversion, fraud control, and regulatory compliance all matter at the same time.

iGaming operators

Online gaming and betting businesses buying KYC and age-verification flows to meet licensing rules and reduce signup friction.

Financial services

Banks, fintechs, and other regulated financial firms using identity verification for onboarding and compliance.

Travel & leisure

Travel, hospitality, and leisure platforms that need smooth user registration and identity checks across markets.

Enterprise digital platforms

Larger customers that expand usage by adding countries, products, and transaction volume over time.

Strategy

The company’s strategy centers on winning new customers, expanding usage within existing accounts, and adding capabilities through acquisitions and product development. It also aims to broaden into more verticals and geographies, using its compliance and UX know-how to support larger enterprise-scale deployments.

Grow new customer acquisitionShort term

The market is fragmented and unsaturated, leaving room to win accounts from legacy or in-house solutions.

Increase share of wallet in existing customersMedium term

Customers can add more countries, more products, and more transaction volume over time.

Strengthen product capability through R&D and acquisitionsMedium term

Better technology and specialist teams improve the platform’s ability to handle complex onboarding use cases.

Expand into additional verticals and regionsLong term

A broader customer base can reduce concentration and improve long-term growth durability.

Geography

Checkin.com is headquartered in Stockholm, Sweden, with operations and recruitment spread globally. Its software is used in more than 170 countries, so the business is exposed to many local regulatory regimes and customer markets rather than a single domestic market.

Risks

Checkin.com depends on continued demand for digital identity verification in regulated industries, where customer acquisition and retention can be sensitive to product performance and compliance quality. Its global model also exposes it to changing rules across jurisdictions, integration risk from acquisitions, and competition from in-house or alternative onboarding solutions.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory and compliance change1Customer concentration in regulated verticals2Competitive displacement by in-house solutions3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory and compliance changeImpact: HighLikelihood: High

    The product must adapt to shifting KYC, age-verification, and licensing requirements across jurisdictions.

    Exposure: Global onboarding workflows

  2. Customer concentration in regulated verticalsImpact: MediumLikelihood: High

    A large share of demand comes from iGaming, financial services, and travel & leisure.

    Exposure: Core customer base

  3. Competitive displacement by in-house solutionsImpact: MediumLikelihood: Medium

    Large customers may build or retain internal onboarding systems instead of outsourcing.

    Exposure: Enterprise digital onboarding

  4. Acquisition integration riskImpact: Medium

    The group has grown partly through acquisitions that must be integrated technically and organizationally.

    Exposure: GetID and DataCorp integration

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Accounting

Judgemental items
Revenue recognition for subscription and usage-based fees

Monthly packages, extra per-user fees, and add-on services require careful allocation and timing of revenue.

Impact: Can shift reported revenue between periods

Goodwill and acquired intangibles

Acquisitions such as GetID and DataCorp create intangible assets that must be tested for impairment.

Impact: Can create non-cash write-down risk

Foreign currency translation

The group operates globally and consolidates foreign subsidiaries, creating FX translation effects.

Impact: Can affect equity and reported results

Capitalized development and SaaS platform costs

Ongoing product development may involve capitalization judgments and amortization over time.

Impact: Affects operating expense timing and asset values

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Last updated: 24/09/2026

Checkin.com Group (CHECK) Revenue, Earnings & Financials 2025 – Clarifo