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Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Freja eID Group
Freja eID Group (FREJA) investor relations material
Freja eID Group Investor Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor Update summary12 Jan, 2026
Key financial metrics
Annual Recurring Revenue (ARR) reached 41.3 MSEK as of December 31, 2025, up 52% year-over-year and 6% quarter-over-quarter.
Net Revenue Retention (NRR) was 134%, a 26 percentage point improvement from the previous year and up 2 points from Q3 2025.
Gross Revenue Retention (GRR) stood at 96%, up 2 percentage points year-over-year and stable from Q3 2025.
Net sales for the quarter were 11.6 MSEK, a 63% increase year-over-year and 20% higher than Q3 2025.
Customer and user growth
Subscription customers totaled 564 at year-end, up 28% year-over-year and 14% from Q3 2025.
Registered users reached 1,577,000, a 25% increase from the previous year and 5% higher than Q3 2025.
Strategic and operational highlights
Strong customer inflow and high upselling contributed to optimal SaaS performance, supported by low churn.
ARR is set to further increase by 4.5 MSEK in 2026 due to a new contract for the Authorization System, with revenue recognition starting in January.
Management emphasizes the segment's robust revenue engine and continued growth momentum.
Strategic importance of Auktorisationssystem deal?
Sustain 134% NRR? What are key drivers?
Customer vs user growth: What's the strategy?
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Next Freja eID Group earnings date
Q4 20255 Feb, 2026
Freja eID Group
Next Freja eID Group earnings date
Q4 20255 Feb, 2026
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Frequently asked questions
Freja eID Group operates through two segments, Identity and Access Management and Authentication. It offers identity solutions, such as digital identities, offline authentication, authentication gateways, and identity management services; and access management solutions, including single sign-on, cross-channel authentication, mobile entitlements management, and data leakage prevention solutions. It also provides verification solutions to identify individuals; and authorization solutions that allow access rights to systems worked on by multiple users. The company was founded in 2002 and is based in Stockholm, Sweden.
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