Nordic Semiconductor ASA

ESEF

Annual consolidated revenue for 2025: about USD 667.6M, using the latest reported figures. The previous period, 2024, was about USD 511.4M.

Watchlist

Latest fiscal year

Revenue

668 million USD

2025 · USD

Exact inputs and evidence

Operating margin

3.47%

2025 · %

Exact inputs and evidence
  • Operating Income: 23191000 USD Source
  • Revenue: 667619000 USD Source

Operating cash flow

116 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 115696000 USD Source

Free cash flow

74.8 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 115696000 USD Source
  • Capital Expenditure: 40849000 USD Source
Cash and cash equivalents
307 million USD Source
Exact value

307402000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-21.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +30.5%

    Prior period

    USD 511.42 million

    –

    Current period

    USD 667.62 million

    –

    Exact inputs and evidence

    667619000 − 511415000 = 156204000 USD

    511415000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    667619000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 54.89 million

    Prior period

    −USD 38.5 million

    –

    Current period

    USD 16.39 million

    –

    Exact inputs and evidence

    16385000 − -38504000 = 54889000 USD

    -38504000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    16385000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +91.7%

    Prior period

    USD 60.35 million

    –

    Current period

    USD 115.7 million

    –

    Exact inputs and evidence

    115696000 − 60351000 = 55345000 USD

    60351000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    115696000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +316.4%

    Prior period

    USD 9.81 million

    –

    Current period

    USD 40.85 million

    –

    Exact inputs and evidence

    40849000 − 9809000 = 31040000 USD

    9809000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    40849000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 667.62 million 100% of revenue
  • Operating costs Derived USD 644.43 million 97% of revenue
  • Operating income USD 23.19 million 3.5% of revenue
  • Tax, interest and other Derived USD 6.81 million 1% of revenue
  • Net income USD 16.39 million 2.5% of revenue

Cash

  • Operating cash flow USD 115.7 million 17% of revenue
  • Capital expenditure USD 40.85 million 6.1% of revenue
  • Free cash flow Derived USD 74.85 million 11% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 9.5%89%
  • 2021 12%86%
  • 2022 16%79%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 Operating loss: operating costs were 109% of revenue.
  • 2025 97%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-31405217000 359503000 Derived 45714000 7323000 Derived 38391000 48812000 Derived
Source
2021 2021-01-01 – 2021-12-31610528000 523608000 Derived 86920000 15749000 Derived 71171000 70768000 Derived
Source
2022 2022-01-01 – 2022-12-31776734000 615132000 Derived 161602000 39263000 Derived 122339000 118646000 Derived
Source
2023 2023-01-01 – 2023-12-31542869000 538167000 Derived 4702000 -2948000 Derived 7650000 -144502000 Derived
Source
2024 2024-01-01 – 2024-12-31511415000 557221000 Derived -45806000 -7302000 Derived -38504000 50542000 Derived
Source
2025 2025-01-01 – 2025-12-31667619000 644428000 Derived 23191000 6806000 Derived 16385000 74847000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 667.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.838.9M629.2M419.4M209.7M0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue405217000
2021Revenue610528000
2022Revenue776734000
2023Revenue542869000
2024Revenue511415000
2025Revenue667619000

Revenue growth

Change in revenue from the same financial period one year earlier.

30.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.57%34%10%-13%-37%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year50.7%
2022Year over year27.2%
2023Year over year-30.1%
2024Year over year-5.8%
2025Year over year30.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 3.5% 2025
Net margin 2.5% 2025
Free cash flow margin 11.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25%11%-3%-17%-30%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin11.3%
2021Operating margin14.2%
2022Operating margin20.8%
2023Operating margin0.9%
2024Operating margin-9%
2025Operating margin3.5%
2020Net margin9.5%
2021Net margin11.7%
2022Net margin15.8%
2023Net margin1.4%
2024Net margin-7.5%
2025Net margin2.5%
2020Free cash flow margin12%
2021Free cash flow margin11.6%
2022Free cash flow margin15.3%
2023Free cash flow margin-26.6%
2024Free cash flow margin9.9%
2025Free cash flow margin11.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 115.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.163.6M87.8M11.9M-64.0M-139.9M202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow65292000
2021Operating cash flow95818000
2022Operating cash flow142711000
2023Operating cash flow-118973000
2024Operating cash flow60351000
2025Operating cash flow115696000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 74.8M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.139.7M63.4M-12.9M-89.2M-165.6M202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow48812000
2021Free cash flow70768000
2022Free cash flow118646000
2023Free cash flow-144502000
2024Free cash flow50542000
2025Free cash flow74847000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

30.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.33.4%25.0%16.7%8.3%0.0%202020232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets22%
2021Liabilities / assets23.2%
2022Liabilities / assets24.8%
2023Liabilities / assets30.2%
2024Liabilities / assets29.4%
2025Liabilities / assets30.9%

Current assets to current liabilities

Current assets divided by current liabilities.

4.01× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.80×4.35×2.90×1.45×0.00×202020232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities4.37×
2021Current assets / current liabilities3.94×
2022Current assets / current liabilities3.81×
2023Current assets / current liabilities5.34×
2024Current assets / current liabilities5.37×
2025Current assets / current liabilities4.01×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
USD 38.39 million
Exact value

Exact value: 38391000 USD

2020-01-01 – 2020-12-31: 38391000 USD Inspect Net Income Open source
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USD 65.29 million
Exact value

Exact value: 65292000 USD

2020-01-01 – 2020-12-31: 65292000 USD Inspect Operating Cash Flow Open source
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USD 16.48 million
Exact value

Exact value: 16480000 USD

2020-01-01 – 2020-12-31: 16480000 USD Inspect Capital Expenditure Open source
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USD 48.81 million
Calculation and evidence

65292000 − 16480000 USD

Exact free cash flow: 48812000 USD

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2021 2021-01-01 – 2021-12-31
USD 71.17 million
Exact value

Exact value: 71171000 USD

2021-01-01 – 2021-12-31: 71171000 USD Inspect Net Income Open source
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USD 95.82 million
Exact value

Exact value: 95818000 USD

2021-01-01 – 2021-12-31: 95818000 USD Inspect Operating Cash Flow Open source
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USD 25.05 million
Exact value

Exact value: 25050000 USD

2021-01-01 – 2021-12-31: 25050000 USD Inspect Capital Expenditure Open source
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USD 70.77 million
Calculation and evidence

95818000 − 25050000 USD

Exact free cash flow: 70768000 USD

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2022 2022-01-01 – 2022-12-31
USD 122.34 million
Exact value

Exact value: 122339000 USD

2022-01-01 – 2022-12-31: 122339000 USD Inspect Net Income Open source
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USD 142.71 million
Exact value

Exact value: 142711000 USD

2022-01-01 – 2022-12-31: 142711000 USD Inspect Operating Cash Flow Open source
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USD 24.07 million
Exact value

Exact value: 24065000 USD

2022-01-01 – 2022-12-31: 24065000 USD Inspect Capital Expenditure Open source
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USD 118.65 million
Calculation and evidence

142711000 − 24065000 USD

Exact free cash flow: 118646000 USD

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2023 2023-01-01 – 2023-12-31
USD 7.65 million
Exact value

Exact value: 7650000 USD

2023-01-01 – 2023-12-31: 7650000 USD Inspect Net Income Open source
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−USD 118.97 million
Exact value

Exact value: -118973000 USD

2023-01-01 – 2023-12-31: -118973000 USD Inspect Operating Cash Flow Open source
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USD 25.53 million
Exact value

Exact value: 25529000 USD

2023-01-01 – 2023-12-31: 25529000 USD Inspect Capital Expenditure Open source
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−USD 144.5 million
Calculation and evidence

-118973000 − 25529000 USD

Exact free cash flow: -144502000 USD

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2024 2024-01-01 – 2024-12-31
−USD 38.5 million
Exact value

Exact value: -38504000 USD

2024-01-01 – 2024-12-31: -38504000 USD Inspect Net Income Open source
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USD 60.35 million
Exact value

Exact value: 60351000 USD

2024-01-01 – 2024-12-31: 60351000 USD Inspect Operating Cash Flow Open source
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USD 9.81 million
Exact value

Exact value: 9809000 USD

2024-01-01 – 2024-12-31: 9809000 USD Inspect Capital Expenditure Open source
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USD 50.54 million
Calculation and evidence

60351000 − 9809000 USD

Exact free cash flow: 50542000 USD

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2025 2025-01-01 – 2025-12-31
USD 16.39 million
Exact value

Exact value: 16385000 USD

2025-01-01 – 2025-12-31: 16385000 USD Inspect Net Income Open source
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USD 115.7 million
Exact value

Exact value: 115696000 USD

2025-01-01 – 2025-12-31: 115696000 USD Inspect Operating Cash Flow Open source
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USD 40.85 million
Exact value

Exact value: 40849000 USD

2025-01-01 – 2025-12-31: 40849000 USD Inspect Capital Expenditure Open source
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USD 74.85 million
Calculation and evidence

115696000 − 40849000 USD

Exact free cash flow: 74847000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 335 latest values · 335 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 5967007LIEEXZXJGFK95, esef:5967007LIEEXZXJGFK95