SKOLONNasdaq StockholmSoftware - ApplicationIFRS · SEK

Skolon

Skolon is a Swedish edtech company that operates a digital learning platform for schools. Its software brings together digital textbooks, learning tools, and classroom applications in one place for teachers, students, and school administrators, with operations centered in Sweden and activity in Norway, the UK, and Germany through its group structure.

Revenue145m SEK
+0.0 %y/y
Operating profit (EBIT)-5.4m SEK
+0.0 %y/y
EBIT margin-3.7%
+0.0 ppy/y
Net income-5.9m SEK
+99.9 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-50050100150m SEK2022: EBIT -9.4 m SEK20222023: 24 m SEK2023: EBIT 7.7 m SEK20232024: 145 m SEK2024: EBIT -5.4 m SEK20242025: 145 m SEK2025: EBIT -5.4 m SEK2025145-5.4
RevenueOperating profit (EBIT)

Business

Share of revenue
Digital license sales95 %

Recurring sales of access to digital textbooks, learning tools, and school software.

Service and one-off sales5 %

Implementation, support, and other non-recurring customer-related services.

Customers

Skolon sells primarily to school principals and school operators that need a centralized way to manage digital learning resources. Its users include teachers and students in municipal and private schools, while publishers and edtech vendors also rely on the platform as a distribution and usage channel. The business is built around institutional adoption, where buyers want easier access, safer classroom use, and broader content availability.

Municipal school principals

Buy platform access and digital licenses to standardize tools across public schools.

Private school operators

Buy access for their schools to simplify administration and digital learning delivery.

Teachers and classrooms

Use the platform to launch tools and manage digital learning in daily teaching.

Students

Consume the licensed digital learning content and applications through school accounts.

Publishers and edtech vendors

List content on the platform to reach schools and expand usage.

Strategy

Skolon’s strategy is to grow its installed base of paying users while increasing revenue per user through broader platform adoption. It also aims to deepen its content ecosystem by adding more digital learning tools and strengthening its role as the access layer between schools and publishers. Longer term, the company is focused on expanding across Europe and building a larger recurring revenue base around school digitalization.

Grow paying user baseShort term

More users increase recurring license revenue and improve platform relevance in schools.

Broaden content ecosystemMedium term

A larger library of tools and publishers makes the platform more useful and sticky.

European expansionLong term

New markets provide additional schools and users beyond the Nordic base.

Geography

Skolon is headquartered in Karlshamn, Sweden, and its operating footprint includes Sweden, Norway, the UK, and Germany through group subsidiaries. The customer base is concentrated in Northern Europe, with reported activity in Sweden, Norway, and England, which ties the business to local school systems and education procurement cycles. Expansion into additional European markets is strategically important because the platform model scales through content breadth and institutional adoption.

Risks

Skolon depends on continued adoption by schools and education authorities, so procurement cycles, budget pressure, and competition from other learning platforms can affect growth. The business also relies on a broad content ecosystem and third-party publishers, which creates platform, partner, and integration risk. As a software and license-based model, it is exposed to recurring revenue timing, customer concentration, and execution risk as it expands into new countries.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer adoption and renewal risk1Geographic expansion risk2
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. Customer adoption and renewal riskImpact: HighLikelihood: Low

    Revenue depends on schools continuing to buy and renew platform access.

    Exposure: Municipal and private school operators

  2. Geographic expansion riskImpact: MediumLikelihood: Low

    Entering new European markets requires local sales, compliance, and support.

    ExposureSwedenNorwayThe UKGermanyFuture European markets
  3. Platform and partner dependencyImpact: Medium

    The product value depends on third-party content and technical integrations.

    ExposurePublishersEdtech vendorsSchool IT environments
  4. Competitive pressure in edtechImpact: Medium

    Schools can choose alternative learning platforms and content aggregators.

    Exposure: Digital learning platform market

Accounting

Judgemental items
Revenue recognition for digital licenses

License contracts can be billed and recognized over different periods, affecting reported growth.

Impact: Quarterly revenue timing and deferred revenue balances

Deferred revenue and contract timing

Advance billing can move cash flow ahead of revenue recognition.

Impact: Working capital and comparability between quarters

Foreign currency translation

Operations in Norway, the UK, and Germany create consolidation effects.

Impact: Reported equity and earnings volatility

Receivables and credit estimates

School and public-sector customers can have longer payment cycles.

Impact: Bad debt provisions and cash conversion

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Skolon Revenue, Earnings & Financials 2025 – Clarifo