Quartr shares
Unlisted company
Quartr is a Swedish software company that makes corporate communications from listed companies available through its proprietary software platform. The company was founded in 2020 by Sami Osman, Oscar Küntzel, David Dag, August Nordström, and Oliver Hamrin, and is headquartered in Stockholm. It operates globally, covering listed companies across all major markets, with customers primarily located in Europe and North America.
Three product pillars on a shared platform
The offering is divided into three complementary product pillars, all built on a shared technology platform and proprietary database. The Quartr Pro analytics platform is offered as a subscription service to professional users in the financial sector, providing structured first-party data in the form of transcripts, reports, presentations, and audio recordings from earnings calls. In parallel, the company licenses its data infrastructure via the Quartr API to external partners such as financial institutions, online brokers, asset managers, and media platforms, which integrate the content into their own digital environments. The third pillar is a free mobile application featuring live earnings calls, transcripts, and AI-powered chat functionality, which serves both as a standalone product and as a channel for user acquisition and conversion into paying customers.
How the company makes money
Revenue is generated primarily through subscription fees from Quartr Pro, as well as licensing and usage-based fees from the API business. The customer base in the Pro and API segments includes asset managers, sell-side research departments, investment banks, online brokers, and financial media platforms.
The database and growth strategy
At the core of the offering is a proprietary database that aggregates fragmented source material directly from listed companies and is supplemented by AI and machine-learning functionality for analysing unstructured data. The growth strategy is based on continuously expanding global data coverage, further developing AI-based analytics tools, and increasing penetration among existing and new institutional customers.
Revenue model
Quartr Pro subscriptions
API licensing and usage fees
Three product pillars, one shared infrastructure
Key characteristics
Proprietary database with global first-party data
Institutional customer base in Europe and North America
Capital-light model with a high gross margin
AI and machine learning power the analytics tools
Financial performance
Published 21 September 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 69(+221.3 %) | 21(+265.2 %) | 5.9(+4,536.1 %) | 0.1(+6,162.8 %) |
| Revenue growth | 221.3%(-43.9 pp) | 265.2%(-4,270.9 pp) | 4,536.1%(-1,626.7 pp) | 6,162.8%(+6,162.8 pp) |
| EBITDA | -66 | -38 | -41 | -62 |
| EBIT | -68 | -39 | -41 | -62 |
| Net income | -67 | -38 | -41 | -62 |
| Equity | 71(+92.4 %) | 37(+468.7 %) | 6.5(-25.1 %) | 8.7(-80.4 %) |
| Cash and bank | 102(+113.4 %) | 48(+288.8 %) | 12(+77 %) | 7(-84.5 %) |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 40m | SEK 2bn |
Questions about Quartr
Is Quartr publicly listed?
No, Quartr is a private limited company and is not publicly listed. The company has not completed an IPO, so its shares are not traded on a regulated stock exchange, but through the unlisted market.
What does Quartr do?
Quartr is a Swedish software company that digitizes access to first-hand data from publicly listed companies. Through a centralized platform, Quartr aggregates transcripts, reports, and audio recordings, and offers both a subscription-based analytics platform and API solutions for banks and brokerage services.
Can I buy shares in Quartr?
Yes, it is possible to buy shares in Quartr through unlisted share trading, provided 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 Quartr?
If you own shares in Quartr, you can place a sell order through Eqvor and be matched with buyers. When a buyer and seller are matched, the transaction is completed and the change of ownership is recorded in the company’s share register in accordance with the company’s current procedures.
Is Quartr affiliated with Euroclear?
No, Quartr is not currently affiliated with Euroclear. This means that the shares are registered directly in the company’s share register rather than through the Swedish securities system.
Can I hold Quartr shares with Avanza or Nordnet?
Since Quartr is not affiliated with Euroclear, the shares generally cannot be held in a standard securities account with Avanza or Nordnet. Instead, ownership is registered directly in the company’s share register.
Does Quartr have rights of first refusal or pre-emption clauses?
Yes, Quartr has rights of first refusal or pre-emption rights. This means that share transfers may need to be handled in accordance with specific terms before the shares are sold on to an external buyer.
At what price is the Quartr share traded?
Since Quartr 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 unlisted market.
When will Quartr go public?
There is currently no publicly announced timeline for Quartr to go public. We therefore do not currently know when Quartr may go public or whether the company will conduct an IPO.
What are the risks of investing in Quartr?
Investing in Quartr involves risk, just like other investments in unlisted shares. The company’s value may be affected by customer growth, competition, product development, API revenue, AI development, capital requirements, and demand for financial data and analytics tools. Trading in unlisted shares also generally involves lower liquidity than trading in listed shares.
Where can I find Quartr’s annual report?
Quartr’s annual report is available under Investor Relations and Financial Reports. The company’s annual reports can be downloaded there.
Has Quartr carried out any share issues?
Yes, Quartr has conducted capital raises and previous new share issues. Quartr's Capital raised is stated as SEK 297 million, which shows how much capital the company has raised through previous financing.
How much capital has Quartr raised in total?
Quartr's Capital raised is stated as SEK 297 million. An equity raise is the process of raising capital by issuing equity; related terms include funding round, financing, or new share issue.
Has Quartr reported a profit or a loss?
Quartr reports a negative result in the latest available information. Under Key figures, EBITDA is stated as -38,194 TSEK and net income as -38,299 TSEK. The company’s earnings trend is also shown in the Results by year graph.