99math OÜRegistered
Key figures
488 162 €+52,9%
Revenue 2025
+83,4%
Average annual growth 2019–2025
Ratios
2025−125,2%
Profit margin
−78,5%
EBITDA margin
−51,2%
Equity ratio
3,7×
Current ratio
63,3%
Return on equity
2868 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 258 827 € | 4 | 18 691 € |
| Q1 2026 | 141 207 € | 3 | 17 257 € |
| Q4 2025 | 200 931 € | 3 | 40 821 € |
| Q3 2025 | 149 377 € | 6 | 46 571 € |
| Q2 2025 | 201 280 € | 7 | 35 300 € |
| Q1 2025 | 183 320 € | 6 | 33 338 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
Equity decreased by 100 000 € in ways other than from retained earnings — e.g. a share capital reduction, a payout from other reserves or a revaluation reserve adjustment. The open data does not show whether this was a payout to the owners.
History
dividend other equity decrease
20250 €+100 000 € other
20240 €
20230 €
20220 €
20210 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 325 738 | 12 702 | 420 831 | 1 156 672 | 673 457 | 480 458 | 262 144 |
| Total non-current assets | — | 148 400 | 342 551 | 909 794 | 1 302 498 | 1 483 808 | 1 623 283 |
| Total assets | 325 738 | 161 102 | 763 382 | 2 066 466 | 1 975 955 | 1 964 266 | 1 885 427 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 44 267 | 39 137 | 59 303 | 140 395 | 199 372 | 133 370 | 70 022 |
| Non-current liabilities | — | — | — | — | 1 160 332 | 2 085 822 | 2 781 396 |
| Total liabilities | 44 267 | 39 137 | 59 303 | 140 395 | 1 359 704 | 2 219 192 | 2 851 418 |
| Share capital | 3039 | 3109 | 3763 | 5343 | 5343 | 5343 | 5343 |
| Retained earnings of previous periods | — | −101 313 | −309 502 | −544 447 | −1 322 455 | −2 632 275 | −3 503 452 |
| Profit for the year | −101 313 | −209 486 | −234 945 | −778 008 | −1 309 820 | −871 177 | −611 065 |
| Reserves and other equity | — | 429 655 | 1 244 763 | 3 243 183 | 3 243 183 | 3 243 183 | 3 143 183 |
| Total equity | 281 471 | 121 965 | 704 079 | 1 926 071 | 616 251 | −254 926 | −965 991 |
| Income statement | |||||||
| Sales revenue | 12 830 | 0 | 1951 | 15 865 | 108 149 | 319 196 | 488 162 |
| Operating profit | −100 899 | −209 503 | −233 204 | −777 641 | −1 313 439 | −879 831 | −566 174 |
| EBITDA | — | — | −217 796 | −717 416 | −1 181 782 | −717 804 | −383 286 |
| Profit before income tax | −101 313 | −209 486 | −234 945 | −778 008 | −1 309 820 | −871 177 | −611 065 |
| Profit for the reporting year | −101 313 | −209 486 | −234 945 | −778 008 | −1 309 820 | −871 177 | −611 065 |
| Labour costs | 62 494 | 85 800 | 238 842 | 145 988 | 303 657 | 283 467 | 249 757 |
| Depreciation of non-current assets | — | — | 15 408 | 60 225 | 131 657 | 162 027 | 182 888 |
| Other indicators | |||||||
| Employees | 2 | 5 | 6 | 9 | 8 | 6 | 5 |
| Calculated dividend | — | — | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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