Redshift AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 43 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 118 of 207 · What are Morning company classes?
Place in the whole sector: 221 of 392 · Finans og forsikring
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 42 and solidity 58 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Redshift AS is 4 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 207 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 36.3% (median 82.0%) and equity ratio 94.9% (median 91.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | 36.3% | 82.0% |
| Profit margin | 11.8% | 82.6% |
| Return on assets | 14.1% | 13.8% |
| Equity ratio | 94.9% | 91.8% |
| Debt-to-equity | 0.05 | 0.08 |
| Current ratio | 1.11 | 9.52 |
| Revenue growth | 390.9% | 7.6% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, Redshift AS does better than 43% of companies in the Morning class Micro in the same sector (207 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Redshift AS has a score of 47 for 2025, rank 221 of 392 in the sector.
Strongest: Growth: percentile 90 against peers, revenue growth 390.9% against a median of 7.6%.
Weakest: Liquidity: percentile 10 against peers, current ratio 1.11 against a median of 9.52. Consistency: percentile 30 against peers.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 390.9% (median 7.6%); current ratio 1.11 (median 9.52).
- What lies behind weak consistency, and will it last?
- The change in operating margin in 2025 was 2.0 percentage points better than for comparable companies: the company +3.6, the industry +1.5 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Redshift AS rose by 3.6 percentage points. Comparable companies rose by a median 1.5 points. So the company did 2.0 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Redshift AS moved the same way as comparable companies 1 times. About 27% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 32.7% | 80.5% | −15.1 percentage points | +7.8 percentage points | −22.9 percentage points |
| 2025 | 36.3% | 82.0% | +3.6 percentage points | +1.5 percentage points | +2.0 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Redshift AS. The figures stand side by side; we claim no cause.
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Redshift AS rose 3.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 47.7% | 32.7% | 36.3% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Redshift AS rose 3.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 47.7% | 32.7% | 36.3% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: financial services (indeks)
Wage index: financial services rose 4.6% in 2025; the operating margin of Redshift AS rose 3.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: financial services, annual average | 87.1 | 90.4 | 94.2 | 98.9 | 103.5 | 107.3 (so far) |
| Change from the year before | +2.9% | +3.8% | +4.1% | +5.0% | +4.6% | +3.7% |
| The company's operating margin | – | – | 47.7% | 32.7% | 36.3% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Redshift AS had an operating margin of 36.3% and an equity ratio of 94.9% in 2025, and ranks 221 of 392 in Finans og forsikring.
From 2024 to 2025: revenue grew by 391% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 12.3 | not meaningful |
| EV/EBIT | – | not used in the sector |
| P/B | 1.2 | 1 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 390.9% (median 7.6%); Current ratio 1.11 (median 9.52).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 186.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −13.5%. Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 42 | weight 30% |
|---|---|---|
| Solidity | 58 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 90 | weight 15% |
| Consistency | 30 | weight 15% |
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Redshift AS?
The operating margin was 36.3% in 2025, against a median of 82.0% among companies in the Morning class Micro in the same sector. Return on assets was 14.1%.
How solid is Redshift AS?
The equity ratio was 94.9% in 2025 (median 91.8%). Debt-to-equity was 0.05 (median 0.08).
What is the liquidity of Redshift AS like?
The current ratio was 1.11 in 2025 (median 9.52).
How does Redshift AS compare in Finans og forsikring?
Redshift AS ranks 221 of 392 in Finans og forsikring for 2025. Among companies in the Morning class Micro it is number 118 of 207. Revenue changed by 390.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 913177657
- Legal form
- AS
- Sector
- Finans og forsikring (64.323)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 27 January 2014 12 years in operation
- Share capital
- 0.10 MNOK
- Business address
- c/o Yngvar Ugland, Wilhelm Færdens vei 3B, 0361 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 2 January 2019
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
The portfolio: 4 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 29. 1 have negative equity and 4 made a loss in the latest year.
Holds shares in: Cybotix AS (5%), Digital Insight AS (3%), Nooffice AS (1%), Bagid AS (0%), Culture Intelligence AS (2%), Boldbooks AS (0%), Traq AS (2%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 47 | |
| Rank | – | – | 221 | |
| Operating margin | 47.7% | 32.7% | 36.3% | |
| Return on assets | 0.8% | 2.7% | 14.1% | |
| Equity ratio | 99.4% | 98.3% | 94.9% | |
| Current ratio | 2.10 | 2.45 | 1.11 | |
| Revenue growth | – | 227.9% | 390.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.2 MNOK | 1.0 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.4 MNOK |
| Profit before tax | −1.5 MNOK | −1.4 MNOK | 0.1 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Net profit | −1.5 MNOK | −1.4 MNOK | 0.0 MNOK |
| Financial expenses | 1.6 MNOK | 1.5 MNOK | 0.3 MNOK |
| Total assets | 3.9 MNOK | 2.5 MNOK | 2.6 MNOK |
| Current assets | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Equity | 3.9 MNOK | 2.5 MNOK | 2.5 MNOK |
| Retained earnings | 3.1 MNOK | 1.7 MNOK | 1.7 MNOK |
| Total liabilities | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7095306.
Further
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