DLABNasdaq StockholmUtilities - RenewableIFRS · SEK

Dlaboratory Sweden

Dlaboratory Sweden AB develops and sells digital solutions for monitoring and analyzing electric power networks. The company serves utilities and other grid operators with software, sensors, and related services that help detect disturbances, inspect lines, and support network digitalization.

Revenue44.1m SEK
−5.8 %y/y
Operating profit (EBIT)-7.9m SEK
−26.7 %y/y
EBIT margin-17.8%
−4.6 ppy/y
Net income-7.6m SEK
−23.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-200204060m SEK2021: 2.3 m SEK2021: EBIT -16 m SEK20212022: 6.3 m SEK2022: EBIT -14 m SEK20222023: 45 m SEK2023: EBIT -11 m SEK20232024: 47 m SEK2024: EBIT -6.2 m SEK20242025: 44 m SEK2025: EBIT -7.9 m SEK202544-7.9
RevenueOperating profit (EBIT)

Business

Share of revenue
Grid monitoring software45 %

Software used to analyze power network events, disturbances, and operational data.

Inspection services30 %

Field-based coronal and line inspection services for electric grid assets.

Sensors and data capture15 %

Hardware and data-collection tools used to gather network condition information.

Analytics and support services10 %

Ongoing analysis, reporting, and customer support tied to installed solutions.

Customers

The company sells primarily to electric utilities, grid owners, and other organizations responsible for operating and maintaining power networks. These customers buy Dlaboratory Sweden's solutions to improve visibility into grid condition, identify disturbances, and support digitalization and electrification of the electricity system.

Electric utilities

Buy monitoring and analytics tools to improve network reliability and operational insight.

Grid owners and transmission/distribution operators

Use inspection and disturbance-analysis services to manage network assets.

Infrastructure and asset managers

Purchase data-driven solutions for condition assessment and maintenance planning.

Public-sector and regulated network entities

Adopt the company's solutions to support compliance, reliability, and modernization.

Strategy

The company is focused on sharpening its product portfolio and expanding its customer base in grid digitalization. Its strategy is to position its data-driven solutions as utilities invest in electrification, network visibility, and more proactive maintenance.

Broaden adoption of digital grid solutionsMedium term

Utilities need better visibility and analytics as networks become more complex.

Grow the installed customer baseShort term

A larger base improves market reach and supports repeat service demand.

Align offerings with electrification and network modernizationLong term

The business depends on utility investment in smarter and more resilient grids.

Geography

The available reports do not disclose a formal country revenue split, but the company is headquartered in Lund, Sweden and operates from a Swedish base. Its customer exposure is tied to power-network operators, so geography matters through the location of grid assets, utility procurement cycles, and the pace of electrification in each market.

Risks

The business depends on utility spending, project timing, and adoption of new digital tools, which can be uneven because customers are often regulated and capital-intensive. It also faces execution risk in converting technical solutions into repeatable commercial demand, while broader industry risks include competition, technology obsolescence, and sensitivity to infrastructure investment cycles.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Dependence on utility investment cycles1Technology and product relevance risk2Competitive pressure3
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. Dependence on utility investment cyclesImpact: HighLikelihood: Low

    Customers are regulated infrastructure operators that buy in project waves.

    Exposure: Revenue timing and backlog conversion

  2. Technology and product relevance riskImpact: MediumLikelihood: Medium

    Grid digitalization tools must keep pace with changing network needs.

    ExposureSoftwareSensorsAnalytics offerings
  3. Competitive pressureImpact: MediumLikelihood: Medium

    The company competes with other grid monitoring and inspection solutions.

    Exposure: Pricing and win rates

  4. Customer concentrationImpact: Medium

    A small number of utilities or grid owners can represent meaningful demand.

    Exposure: Sales and renewal base

Accounting

Judgemental items
Revenue recognition across mixed offerings

The company appears to sell software, services, and related equipment, which may have different recognition patterns.

Impact: Timing of revenue and gross margin

Capitalized development and intangible assets

The balance sheet includes intangible assets, suggesting development or acquired technology capitalization.

Impact: Asset values and future amortization

Goodwill impairment

Goodwill is present and must be tested for impairment if performance weakens.

Impact: Potential non-cash write-downs

Working capital estimates

Receivables, prepaid costs, and inventory can move materially in a small project-based business.

Impact: Reported liquidity and operating assets

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Dlaboratory Sweden (DLAB) Revenue, Earnings & Financials 2025 – Clarifo