Org.nr 822 907 822 2024 → 2025 Year-over-year analysis

OBSERVE MEDICAL ASA: årsregnskap 2025 vs 2024

Shrank 26% on revenue, stronger earnings, cash halved-plus

approved 2026-05-29; registry 2026-08-04; journal 2026 672518

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for OBSERVE MEDICAL ASA. Revenue 3.97m NOK → 2.94m NOK (-26.1%). Net result -194.22m NOK → -49.15m NOK. Equity 7.95m NOK → 12.30m NOK.

On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for OBSERVE MEDICAL ASA.

Scorecard

Revenue
3.97m NOK 2.94m NOK
-26.1%
Operating result
-14.62m NOK -16.27m NOK
-11.3%
Net result
-194.22m NOK -49.15m NOK
+74.7%
Equity
7.95m NOK 12.30m NOK
+54.6%
Cash
843.0k NOK 10.1k NOK
-98.8%
Total assets
98.08m NOK 84.17m NOK
-14.2%

What improved

  • ↑

    Net result improved

    Net result -194.22m NOK → -49.15m NOK (net margin -4887.2% → -1674.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 7.95m NOK → 12.30m NOK (equity ratio 8.1% → 14.6%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.31× → 1.27×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 417.0k NOK → 61.58m NOK (+61.16m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 8.90m NOK → 8.70m NOK (224% → 296% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.97m NOK to 2.94m NOK (-26.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -14.62m NOK → -16.27m NOK (op. margin -367.8% → -554.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 843.0k NOK → 10.1k NOK (-98.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 15.41m NOK → 14.11m NOK (-8.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 94.78m NOK → 70.90m NOK. Reported fact