ONEFNasdaq StockholmSoftware - ApplicationIFRS · SEK

Oneflow

Oneflow is a Swedish software company that develops cloud-based contract management and e-signature solutions for businesses. Its platform is used to create, negotiate, sign, and manage digital contracts across multiple markets through Oneflow AB and its subsidiaries.

Revenue170m SEK
+25.6 %y/y
Operating profit (EBIT)-50.4m SEK
+39.0 %y/y
EBIT margin-29.6%
+31.3 ppy/y
Net income-51.1m SEK
+37.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-1000100200m SEK2021: 44 m SEK2021: EBIT -30 m SEK20212022: 69 m SEK2022: EBIT -66 m SEK20222023: 100 m SEK2023: EBIT -98 m SEK20232024: 136 m SEK2024: EBIT -83 m SEK20242025: 170 m SEK2025: EBIT -50 m SEK2025TTM 2026: 187 m SEKTTM 2026: EBIT -19 m SEKTTM187-19
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
SaaS subscription agreements70 %

Recurring software access for contract management users and teams.

Onboarding and configuration12 %

Implementation, setup, and customer-specific configuration services.

Integrations and add-ons10 %

Connections to other systems and marketplace-based extensions.

Customized templates8 %

Tailored contract templates and related professional services.

Customers

Oneflow sells to organizations that need secure, auditable contract workflows and want to digitize agreement processes. The customer base is centered on businesses that handle sensitive commercial, legal, and HR contracts and value compliance, transparency, and control. The platform is especially relevant where contracts must be managed across teams, systems, and jurisdictions.

Commercial and enterprise customers

Buy subscription access to manage business-critical contracts and approvals.

Legal and compliance teams

Use the platform for transparency, control, and regulatory traceability.

Sales and revenue operations teams

Use digital workflows to speed up contract creation, negotiation, and signing.

HR and internal operations teams

Use the system for employment-related and internal agreement processes.

Mid-market organizations

Adopt the software to replace manual contract handling with a SaaS workflow.

Strategy

Oneflow’s strategy centers on being trusted for secure, compliant contract workflows, with security and privacy embedded in product development and operations. The company also emphasizes employee capability, governance, and process discipline as part of sustaining a software business built on customer trust. Commercially, the stated goal is to balance growth with a path to profitability while maintaining long-term ARR expansion.

Security and compliance as product differentiatorsShort term

Customers entrust sensitive contracts and data, so trust is central to adoption and retention.

Grow recurring SaaS usage and ARRMedium term

Subscription revenue is the core commercial engine and supports scalable growth.

Improve operating discipline and talent retentionMedium term

A knowledge-intensive software model depends on specialized employees and execution quality.

Geography

Oneflow operates across Sweden, Norway, Finland, the UK, the Netherlands, France, and the United States through its subsidiaries, branch, and associated company. The business is inherently cross-border because contract management and electronic-signature rules vary by jurisdiction, making regulatory coverage and local market presence important to adoption. Its operating footprint also exposes it to currency movements, especially in EUR, NOK, and GBP.

Risks

Oneflow faces typical SaaS risks around competition, customer retention, and dependence on skilled software talent, alongside company-specific exposure to data protection and electronic-signature regulation. Because the platform handles sensitive contracts, any security incident or compliance failure could damage trust and impair sales. The business is also exposed to macroeconomic caution, credit risk on receivables, and foreign exchange volatility across its operating markets.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Competition in a developing market3Key personnel retention4Credit and counterparty risk5Foreign exchange volatility6
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. Information security and data privacy breachImpact: High

    The platform stores business-critical contracts and personal data, so trust is essential.

    ExposureCustomer contractsPersonal dataContract workflows
  2. Regulatory compliance riskImpact: High

    Digital contracts and e-signatures must comply with data protection and transaction laws across markets.

    ExposureGDPRElectronic signaturesDigital transactions
  3. Competition in a developing marketImpact: MediumLikelihood: Medium

    The market is still evolving and can attract new entrants, increasing pricing and retention pressure.

    Exposure: Contract management software and e-signature software

  4. Key personnel retentionImpact: MediumLikelihood: Medium

    Specialized software and product knowledge are concentrated in a limited number of employees.

    ExposureSoftware developersSenior managers
  5. Credit and counterparty riskImpact: MediumLikelihood: Low

    Customers may fail to pay receivables, creating losses and working-capital pressure.

    Exposure: Trade receivables

  6. Foreign exchange volatilityImpact: MediumLikelihood: Low

    Operations span multiple currencies, so translation and transaction effects can move reported results.

    ExposureEURNOKGBPSEK

Accounting

Judgemental items
Revenue recognition under IFRS 15

Multiple deliverables in one contract require allocation of transaction price across services.

Impact: Affects timing and mix of recognized revenue

Capitalized development costs

Software development spending is capitalized and then amortized over useful life.

Impact: Affects EBITDA, operating profit, and intangible asset balance

Expected credit losses on receivables

Customer payment risk is assessed through simplified impairment testing.

Impact: Affects bad debt expense and net receivables

Impairment testing

Recoverable amount of the cash-generating unit must exceed carrying value.

Impact: Could trigger write-downs of capitalized assets or goodwill if present

Lease accounting

Office and other leases create right-of-use assets and lease liabilities.

Impact: Affects depreciation, interest expense, and balance sheet leverage

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026