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Kinnevik Stock In Focus After Earnings Report Shows Q3 Profit But 9 Month Loss

Simply Wall St · 2d ago
  • Kinnevik AB reported third quarter 2026 net income of SEK 218 million, with basic and diluted earnings per share of SEK 0.79, and for the first nine months recorded a net loss of SEK 6.034 billion, equal to a basic and diluted loss per share of SEK 21.79.
  • The sharp contrast between a profitable third quarter and a much larger year to date loss highlights ongoing volatility in Kinnevik’s portfolio earnings profile and the sensitivity of reported results to fair value movements and underlying business performance.
  • We will now assess how Kinnevik’s investment narrative is affected by the third quarter profit alongside a sizeable nine month loss.
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Kinnevik Investment Narrative Recap

An investor in Kinnevik needs to be comfortable with a portfolio where reported earnings move sharply with valuation marks rather than steady cash flows. The latest quarter showed a profit of SEK 218 million, yet the nine month result was a loss of SEK 6.034b. That mix keeps the near term story focused on fair value movements and FX swings rather than smooth profitability.

The key short term catalyst remains progress in scaling software, health and climate holdings in a capital efficient way. The biggest operational risk is that weaker multiples, currency headwinds or slower growth in core health assets offset portfolio execution. The new figures are material because they underline how quickly reported results can swing.

The most relevant update here is the combined third quarter and nine month 2026 earnings release. Kinnevik reported earnings per share of SEK 0.79 for the quarter, while the loss per share for the first nine months reached SEK 21.79. That gap matters if you are watching for a clean turn toward sustainable profitability at the investment level.

This announcement ties directly into the main catalysts investors often watch. Portfolio companies in AI enabled software and digital health may support value creation over time, but fair value and FX impacts can still drive reported income. The result is an earnings profile where execution risk in private holdings and market multiples can quickly change the headline number.

Kinnevik’s current analyst blueprint points to SEK 2.6b in revenue and SEK 2.6b in earnings by 2028, built on a very large 149.4% yearly revenue growth rate and an earnings increase of roughly SEK 2.5b from SEK 124.0m today.

Uncover why Kinnevik's fair value indicates a 48% potential upside to its current price, before that discount starts to close.

OM:KINV B 1-Year Stock Price Chart
OM:KINV B 1-Year Stock Price Chart

Exploring Other Perspectives

You are not the only one wondering whether Kinnevik’s swings are manageable. The most cautious analysts focus on contract lumpiness in U.S. value based care. Before this earnings release, they were pencilling in revenue of SEK 3.7b and earnings of SEK 3.5b by 2029, which is far more optimistic on profitability, yet paired with a lower SEK 72.0 price target. Those views were set before the latest quarter, so use this result as a prompt to compare several narratives and decide which assumptions you find realistic.

Explore 2 other Kinnevik fair value estimates, including one that suggests it could be worth just SEK70.29.

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Looking For More Investment Ideas Beyond Kinnevik?

If Kinnevik has you thinking about position sizing, risk and payoff profiles, it can be useful to line it up against other opportunities that share some of the qualities you want in a portfolio. The Simply Wall St Screener helps you move from a single story to a watchlist of candidates that fit your own criteria.