FLOWSNasdaq StockholmSoftware - ApplicationIFRS · SEK

Flowscape Technology

Flowscape Technology AB is a Swedish software and hardware company focused on workplace solutions for modern offices. Its system combines cloud software, IoT sensors, room panels, kiosks, mobile apps, web apps and integrations to help organizations book desks and meeting rooms, locate colleagues, and measure office utilization.

Revenue43.9m SEK
−0.6 %y/y
Operating profit (EBIT)2.2m SEK
+174.7 %y/y
EBIT margin4.9%
+11.5 ppy/y
Net income-3.9m SEK
−34.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-200204060m SEK2021: 33 m SEK20212022: 40 m SEK20222023: 50 m SEK2023: EBIT -2.3 m SEK20232024: 44 m SEK2024: EBIT -2.9 m SEK20242025: 44 m SEK2025: EBIT 2.2 m SEK2025TTM 2026: 46 m SEKTTM46
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Workplace software55 %

Cloud-based applications for booking desks, rooms and workplace resources.

Workplace analytics15 %

Tools that measure office utilization and support space optimization decisions.

Hardware and devices20 %

Sensors, room panels, kiosks and related workplace hardware sold with the platform.

Implementation and support10 %

Setup, configuration, integrations and customer support for deployed systems.

Customers

Flowscape sells mainly to medium and large enterprises and public organizations that operate offices and hybrid workplaces. Customers buy the platform to improve employee experience, increase office flexibility and reduce space usage through better utilization data. The company also works through strategic partners, which broadens access to international accounts and recurring software deployments.

Large enterprises

Buy desk booking, room booking and analytics to manage hybrid workplaces and office capacity.

Public organizations

Buy secure workplace solutions for office efficiency, wayfinding and internal communication.

Facilities and workplace management teams

Use occupancy data and booking tools to reduce space, improve utilization and lower costs.

Channel partners

Resell or implement Flowscape solutions to extend reach into new accounts and geographies.

Strategy

Flowscape’s strategy is built around workplace digitization: helping customers book, measure and optimize office space in hybrid work environments. The company combines direct sales with strategic partners and uses a scalable SaaS model to support international expansion beyond its Nordic base.

Grow recurring workplace software adoptionShort term

Recurring software usage supports customer retention and scalable deployment economics.

Expand through partners and international customersMedium term

Partners and cross-border sales broaden market access without relying only on direct selling.

Deepen the platform with hardware and integrationsMedium term

A broader solution stack increases switching costs and improves fit with enterprise IT environments.

Geography

Flowscape reports revenue across Sweden, the UK and Ireland, other Europe, and markets outside Europe. Sweden is the largest disclosed market at 39% of revenue, while 40% comes from outside Europe, showing a geographically diversified customer base for a Swedish-headquartered business.

Risks

Flowscape is exposed to technology change, global competition and the capital demands of scaling a subscription-based software business. Its customers buy efficiency and space optimization, so demand can be sensitive to office utilization trends, procurement cycles and the pace of hybrid-work adoption.

Sorted by severity
Technology development riskHigh

The platform must keep pace with changing workplace software expectations and integrations.

Exposure: Product roadmap and customer retention

Global competitionHigh

The market for workplace solutions is crowded and increasingly standardized.

ExposurePricingWin ratesMarket share
Capital needs for growthMedium

Scaling sales, support and product development can require ongoing funding.

Exposure: Expansion into new markets

Customer concentration and project timingMedium

Enterprise and public-sector deals can be lumpy and dependent on procurement cycles.

Exposure: Revenue timing and backlog conversion

Accounting

Judgemental items
Revenue recognition for bundled solutions

Contracts may include software, hardware and services with different delivery patterns.

Impact: Can shift revenue between periods and affect comparability.

Capitalized development expenses

The company capitalizes certain development-related costs under its accounting policies.

Impact: Affects operating profit, amortization and asset values.

Goodwill impairment

The balance sheet includes goodwill that depends on expected future cash flows.

Impact: Impairment would reduce earnings and equity.

Foreign currency translation

Subsidiaries in other countries are translated into SEK for consolidation.

Impact: Can create translation differences in equity and reported results.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Flowscape Technology (FLOWS) Revenue, Earnings & Financials 2025 – Clarifo