Netlight shares
Unlisted company
Netlight AB is a Swedish IT consulting company that provides technical advisory services and software development to technology-intensive organisations. The company was founded in 1999, is headquartered in Stockholm and operates through an international office network, primarily in Europe. The parent company coordinates the group’s operational expansion and resource allocation, while wholly owned subsidiaries are responsible for local operations in their respective markets.
Revenue model and services
The revenue model is based on hourly billing for consulting services, with employees integrated into the client’s organisation. The service offering includes digital architecture, systems development, cloud solutions, AI and strategic advisory services, often delivered through longer-term end-to-end engagements. A significant proportion of engagements are carried out under long-term framework agreements, contributing to stable utilisation rates and recurring client relationships.
Clients
The client base is diversified and ranges from digital start-ups to global industrial companies. Sector diversification includes finance and payments, manufacturing, telecommunications, media, gaming, energy, e-commerce and the public sector, balancing exposure to local economic fluctuations.
Organisation and culture
The organisation is built around a decentralised partner structure in which the partner group is responsible for overall governance. Employee ownership programmes are used as an incentive model to retain key expertise within the company and promote long-term employee retention. Central to the business model is the internal infrastructure for transferring expertise and knowledge between offices, enabling the collective expertise to be applied to individual client engagements regardless of the consultant’s geographical location.
Growth
The growth strategy is primarily organic and is based on in-house recruitment and the establishment of new local offices in strategic markets. New offices are typically opened by existing employees launching operations in new cities, preserving the company’s culture and working methods as its geographical expansion progresses.
Revenue model
Hourly consulting fees
Specialists integrated into the client’s organisation
Long-term framework agreements, stable utilisation
Services and organisation
Digital architecture, systems development, AI
Decentralised partner structure
Employee ownership programmes for key expertise
Network and markets
Network-based knowledge sharing
Office network in Europe, with Sweden as the home market
Diversified client portfolio, organic growth
Financial performance
Published 12 September 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Operating cash flow
- 311MSEK
- Net sales
- 2,729MSEK
- Equity ratio
- 68.9%
| Metric | FY 2024 | FY 2023 | FY 2022 | 2021 |
|---|---|---|---|---|
| Net sales | – | 2,729(+11 %) | 2,458(+4,842.8 %) | 50 |
| Revenue growth | – | 11%(-4,831.8 pp) | 4,842.8% | – |
| EBITDA | – | 561(+3.4 %) | 543 | -2.4 |
| EBIT | – | -121 | -95 | -16 |
| Net income | – | – | -272 | -18 |
| Operating cash flow | – | 311(+30.2 %) | 239 | – |
| Equity ratio | 63.8%(-5.1 pp) | 68.9%(+3.1 pp) | 65.8% | – |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 11m | SEK 4bn |
Questions about Netlight
Is Netlight publicly listed?
No, Netlight is a private company and is not publicly listed. The company has not conducted an IPO, so its shares are not traded on a regulated stock exchange, but through the private market.
What does Netlight do?
Netlight is a Swedish IT consulting company that provides technical advisory services and software development to technology-intensive organisations. Its services include digital architecture, systems development, AI projects, advisory services and business transformation.
Can I buy shares in Netlight?
Yes, it is possible to buy Netlight shares through trading in unlisted shares, provided that there are sellers. Through Eqvor, you can place a buy order and be matched with sellers in the unlisted market.
How do I sell shares in Netlight?
If you own shares in Netlight, you can place a sell order through Eqvor and be matched with buyers. Once the transaction has been completed, the shares are transferred in accordance with the company’s Euroclear-connected custody structure.
Is Netlight affiliated with Euroclear?
Yes, Netlight is affiliated with Euroclear. This means that the shares are handled within the Swedish securities system and can be delivered to a custody account with any bank or securities firm once the transaction has been completed.
Can I hold Netlight shares with Avanza or Nordnet?
Yes, since Netlight is affiliated with Euroclear, the shares can normally be held in a custody account with, for example, Avanza or Nordnet, provided that the bank or online broker supports the custody of unlisted shares.
Does Netlight have any right-of-first-refusal or pre-emption clauses?
No, according to the company information, Netlight does not have any rights of first refusal or pre-emption rights. This means that share transfers normally do not need to be offered to existing shareholders before being sold to an external buyer.
At what price is the Netlight share traded?
As Netlight is not publicly listed, there is no official share price on a regulated marketplace. Instead, the price is determined by supply and demand among buyers and sellers in the private market.
When will Netlight be listed on the stock exchange?
There is currently no publicly announced timetable for a stock exchange listing of Netlight. We therefore do not currently know when Netlight may be listed or whether the company will conduct an IPO.
What are the risks of investing in Netlight?
Investing in Netlight involves risk, as does investing in other unlisted shares. The company’s valuation may be affected by the consulting market, utilisation rates, customer contracts, salary costs, international expansion, competition, and demand for IT consulting services, AI projects, and digital transformation. Trading in unlisted shares also typically entails lower liquidity than trading in listed shares.
Where can I find Netlight's annual report?
Netlight's annual report can be found under Investor Relations and Financial Reports. The company's annual reports and other financial reports are available there for download.
Has Netlight carried out any share issues?
Yes, Netlight has raised capital and previously carried out new share issues. Netlight's Capital raised is stated as SEK 5.4 million, which shows how much capital the company has raised through previous financing rounds.
How much capital has Netlight raised in total?
Netlight's Capital raised is stated as SEK 5.4 billion. An equity raise is a term for raising capital, while in Swedish, terms such as funding round, financing, or share issue are most commonly used.
Has Netlight reported a profit or a loss?
Netlight reports a negative result in the latest available information. Under Key figures, EBITDA is stated as TSEK 495,100 and Profit/loss for the year as TSEK -313,600. The company’s earnings trend is also shown in the Profit/loss by year chart.