)
Hacksaw Gaming (HACK) investor relations material
Hacksaw Gaming Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 44% year-over-year revenue growth to EUR 197.5 million, driven by organic expansion, successful IPO on Nasdaq Stockholm, and strong performance across all regions.
Released 45 in-house and 46 third-party games, expanding the portfolio to 290 live titles and onboarding four new OpenRGS studios.
Workforce grew to 254 employees by year-end, supporting scalability and operational expansion.
Diversified revenue base: top 10 games contributed 44% of GGR, largest client 13%, and no country over 10% of bets.
Expanded into over 35 locally licensed markets and completed major global expansion.
Financial highlights
Full-year revenue reached EUR 197.5 million, up 44% year-over-year; Q4 revenue was EUR 55.1 million, up 26% year-over-year.
Adjusted EBIT for the year was EUR 161.4 million (82% margin), up 39% year-over-year; Q4 adjusted EBIT was EUR 45 million.
Net income for the year was EUR 143 million, with diluted EPS of EUR 0.496.
Free cash flow for the year was EUR 145 million, with an 89% conversion rate; operating cash flow was EUR 152.1 million, up 51% year-over-year.
Cash and cash equivalents at year-end were EUR 133.2 million, up 30% despite increased dividend payouts.
Outlook and guidance
Long-term ambition to grow revenue above 30% annually, supported by product innovation and increased monetization.
Expect continued strong release cadence for both in-house and third-party games in 2026, with further market share gains anticipated.
Maintain target of EBIT margins above 80%, subject to product mix.
Board proposes a dividend of EUR 0.40 per share and a buyback mandate of up to 10% of share capital.
Confident in capturing further market share, with less than 5% current share in a growing global slots market.
Next Hacksaw Gaming earnings date
Next Hacksaw Gaming earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage