Why Truecaller stock moves
Truecaller rose clearly, against a falling market.
Written after the close on ·
Why today
15,968 news analyzed todayTruecaller rose clearly, against a falling market.
Truecaller rose clearly while OMX Stockholm 30 fell clearly over the same days, so it moved apart from the market.
No company news from that session explains the rise, so the cause is unclear.
Over the last five trading days, Truecaller was roughly unchanged, as the market was.
The stock's share count and cash-related news came earlier in the week, so they are background only.
Today's move of +2.96% was 1.6 times a normal day's 1.8%. OMX Stockholm 30 moved −1.01% on the same day.
Truecaller +2.96%OMX Stockholm 30 −1.01%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Truecaller.
Truecaller earned more than expected in 3 out of 8 reports.
Not in the chart because no estimate and result are available: 1 of the 9 reports in this period, the latest on May 7, 2026.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 7 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 23.67 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 0.26 SEK (February 17). For the current fiscal year, expected earnings per share changed from 1.15 SEK three months ago to 0.91 SEK now. 2026 estimate: 0.91 SEK. 2027 estimate: 1.48 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. July 20: Buy about 128 thousand SEK. June 13: Sell about 254 thousand SEK. June 12: Sell about 454 thousand SEK. June 12: Sell about 628 thousand SEK. June 12: Buy about 248 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −62% and earnings per share −26%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): 7.2 bn SEKRevenue 2025: 1.9 bn SEK
What the key figures say about Truecaller
The figures connect what Truecaller earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 1.12 SEK–1.51 SEK. Peers: Qt Group 0.88 EUR, Lime Technologies 9.20 SEK, cBrain 2.34 DKK. 2026 estimate: 0.91 SEK (0.91 SEK–0.91 SEK). 2027 estimate: 1.48 SEK (0.91 SEK–1.95 SEK).
What the company sold during the year.
2022–2025: 1.7 bn SEK–1.9 bn SEK. Peers: Qt Group 243 m EUR, Lime Technologies 800 m SEK, cBrain 259 m DKK. 2026 estimate: 1.7 bn SEK (1.7 bn SEK–1.7 bn SEK). 2027 estimate: 2.0 bn SEK (1.7 bn SEK–2.6 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 27.3%–38.8%. Peers: Qt Group 14.1%, Lime Technologies 20.9%, cBrain 23.4%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 29.7%–34.8%. Peers: Qt Group 11.1%, Lime Technologies 33.3%, cBrain 15.0%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 17.2–33.9. Peers: Qt Group 35.7, Lime Technologies 28.8, cBrain 48.4. 2026 estimate: 26.0. 2027 estimate: 16.0.
What investors pay for each unit the company sells.
2022–2025: 3.41–9.42. Peers: Qt Group 3.29, Lime Technologies 4.42, cBrain 8.55. 2026 estimate: 4.21. 2027 estimate: 3.53.
Money paid to shareholders per share, summed by calendar year.
2024–2025: 1.70 SEK–1.70 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.0%–8.8%. Peers: Qt Group 0.0%, Lime Technologies 1.7%, cBrain 0.9%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -2.17–-1.48. Peers: Qt Group 1.45, Lime Technologies 0.58, cBrain -0.08.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 5.21–11.65. Peers: Qt Group 3.75, Lime Technologies 8.74, cBrain 6.96.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 10.1–23.2.
Cash left after investments, divided by the number of shares.
2022–2025: 1.43 SEK–1.72 SEK. Peers: Qt Group 1.41 EUR, Lime Technologies 10.31 SEK, cBrain 2.89 DKK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 76.6%–80.7%.
The dividend explained
A dividend is money paid to shareholders. Truecaller paid 0.28 SEK per share in the twelve months through November 6, 2026.
On the ex-dividend day, May 25, 2026, Truecaller traded without the right to the 0.28 SEK dividend. The price went from 13.61 SEK to 13.44 SEK; including the dividend, the day's change was +0.8%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2024: 1.70 SEK2025: 1.70 SEK2026 so far: 0.28 SEK
What to watch next, and why
The earnings report shows how Truecaller's revenue and profit have changed.
- Earnings report
The earnings report shows how Truecaller's revenue and profit have changed.
Add to calendar
More about Truecaller
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Fredrik Kjell, senior executiveBuyabout 128 thousand SEK
- Rishit Jhunjhunwala, CEOSellabout 254 thousand SEK
- Ben Lu Zhang, senior executiveSellabout 454 thousand SEK
- Odd Bolin, CFOSellabout 628 thousand SEK
- Fredrik Kjell, senior executiveBuyabout 248 thousand SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Truecaller usually moved about 10.6%. On a normal day it moves 1.8%.
−15.16% Why? +1.18% +6.10% −32.65%
10,000 SEK in Truecaller bought on October 8, 2021 is worth 5,000 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 16,700 SEK.
What would 10,000 SEK in Truecaller be worth today? →
What would 10,000 SEK in Truecaller be worth today?
5,000 SEK
with dividends reinvested, bought on October 8, 2021. The same amount in OMX Stockholm 30 with dividends would have become 16,700 SEK.
At worst it was worth 2,060 SEK (February 17, 2026).
The five biggest days of the journey
· +39.7% · the whole market rose 0.1% the same day · report day
· +33.8% · the whole market fell 0.9% the same day · report day
· −32.6% · the whole market rose 0.3% the same day · report day
· −31.9% · the whole market fell 0.7% the same day · report day
· +24.7% · the whole market rose 0.2% the same day · report day
Earlier days
−0.63% market −0.11% Truecaller was roughly flat over the week, while the broader market also stayed mostly unchanged. Read →
Truecaller was roughly flat over the week, while the broader market also stayed mostly unchanged.
The week's main story was the third-quarter report on 3 November, which showed a loss after a provision for an Indian tax dispute and earnings that missed expectations, and the shares fell sharply on the day.
Analysts then reacted in both directions: SEB cut its price target, the share price it sees as fair, while DNB Carnegie raised its target and Redeye said the selloff was overdone.
Sales growth in constant currencies, excluding exchange-rate effects, was a positive point, but user growth slowed.
−0.61% market −0.32% Truecaller fell with the market. Read →
Truecaller fell with the market.
Over the last five trading days the shares fell slightly while the OMX Stockholm 30 rose slightly, so the stock moved against the market.
The move was an ordinary one for Truecaller, within its usual daily range.
Earlier this week the company reported a weaker-than-expected third quarter, with operating profit (EBIT) falling and a SEK 92 million provision for an Indian tax dispute.
+14.79% market +0.83% Truecaller rose, moving far more than the market. Read →
Truecaller rose, moving far more than the market.
Redeye raised its valuation after calling the earlier share drop excessive, and DNB Carnegie raised its price target.
Over five trading days the shares fell slightly while OMX Stockholm 30 rose slightly.
Trading volume was about four times normal, and the move was about seven times a normal day.
The bounce likely reflects analysts calling the post-report sell-off overdone, after weak third-quarter earnings that missed expectations.
−15.16% market −0.08% Truecaller fell very sharply. Read →
Truecaller fell very sharply.
The company's Q3 report, published that day, showed net sales down 1% but up 3% in constant currencies.
A provision of SEK 92 million for an Indian tax dispute turned profit into a loss.
Trading was about eight times a normal session.
Over the last five trading days the stock fell very sharply, while OMX Stockholm 30 rose slightly.
+0.04% market −0.29% Truecaller held steady without a company-news explanation. Read →
Truecaller held steady without a company-news explanation.
Over the last five trading days it fell clearly while OMX Stockholm 30 rose clearly, so it moved against the market.
Its share trading was quiet and the move was ordinary for the stock.
Most likely the weakness reflects margin pressure seen in its latest quarterly results, and the stock's shift away from the market.
Next, the interim report for January to September is due Tuesday 3 November 2026.
−6.04% market +3.01% Truecaller fell clearly over the week while the broader Stockholm market rose clearly, so it moved against the market. Read →
Truecaller fell clearly over the week while the broader Stockholm market rose clearly, so it moved against the market.
The move was ordinary in size for the company.
Its latest close is well above its lowest close of the past year but below its highest.
Next, watch the nine-month report due Tuesday 3 November, the company's next results release.
−1.61% market +0.41% Truecaller fell, against a rising OMX Stockholm 30. Read →
Truecaller fell, against a rising OMX Stockholm 30.
No company news explains the move.
Over the last five trading days the stock fell clearly while the market rose sharply.
A move this size is an ordinary day for Truecaller.
The next thing to watch is its quarterly report, due on Tuesday 3 November 2026.
−3.91% market +1.57% Truecaller fell clearly; no company news explains it. Read →
Truecaller fell clearly; no company news explains it.
Truecaller fell clearly in the last session while the OMX Stockholm 30 rose clearly, so it moved against the market.
No company news from that session explains the drop.
Over the last five trading days it fell slightly, a little more than the market.
Earlier, the company's preliminary third-quarter figures and an Indian tax dispute drew attention, and an analyst downgraded the shares to hold, meaning neutral.
−0.12% market +0.41% Truecaller was roughly unchanged, moving less than the market. Read →
Truecaller was roughly unchanged, moving less than the market.
No company news from that session explains it.
Over the last five trading days the shares rose slightly while OMX Stockholm 30 fell sharply.
Earlier news from Tuesday, including a tax dispute in India and a sharper margin squeeze in the third quarter, was known before the session opened.
The next earnings report is due on 3 November 2026.
+3.98% market −3.67% Truecaller rose slightly over the last five trading days, moving against a market that fell sharply. Read →
Truecaller rose slightly over the last five trading days, moving against a market that fell sharply.
The move was ordinary in size for the stock.
The main driver appears to be the preliminary third-quarter figures: net sales were expected to rise about 3% in constant currencies, with premium revenues up strongly and advertising revenues down.
Analysts were split: SEB cut its rating on the stock, saying the positive momentum was already priced in, while others saw a Q3 margin squeeze.
−3.54% market −0.89% Truecaller fell clearly, after a run of gains, on a broker's downgrade. Read →
Truecaller fell clearly, after a run of gains, on a broker's downgrade.
The market fell clearly too, so the move was in line with OMX Stockholm 30 rather than apart from it.
That day SEB cut its rating on the stock to hold, meaning neutral, saying the recent price rally already reflected the positive outlook.
Over the last five trading days the share rose slightly while the broader index fell slightly, so it held up better than the market.
Trading was heavier than usual, about twice a normal session, which suggests many investors were moving in and out.
+4.18% market −0.89% Truecaller rose sharply, on strong preliminary third-quarter figures. Read →
Truecaller rose sharply, on strong preliminary third-quarter figures.
Over the last five trading days, Truecaller rose sharply while the Stockholm market was roughly flat, so the move was stock-specific and large.
Such a rise is about twice a normal five-day stretch for the stock, and moves that big happened about 12 times in the past year.
Preliminary figures are early results released before the full report, and here sales came in above forecasts.
Analysts at Redeye and Ålandsbanken pointed to stronger development than expected, which likely drove buying.
+4.46% market +1.25% Truecaller rose sharply, while the broader market rose clearly, so it outpaced the index. Read →
Truecaller rose sharply, while the broader market rose clearly, so it outpaced the index.
Company news explains the move only in part: the Indian rival news and new Indian demands came before the session, so they are not the trigger.
Over the last five trading days, Truecaller rose clearly, a stronger gain than the OMX Stockholm 30's slight rise.
Trading was heavy, about three times a normal session, which points to strong interest.
The most likely drivers are the Chile partnership with Tigo and the Premium partner-service expansion in Latin America, both announced earlier this week and last week.
+3.67% market +0.21% Truecaller rose on its Chile partnership. Read →
Truecaller rose on its Chile partnership.
Truecaller climbed over the last five trading days while the Stockholm market was roughly flat, with the strongest push coming in the last session after it announced a partnership with Tigo Chile, part of the Millicom group, bringing Truecaller Premium — the paid, ad-free version with fraud and spam blocking — to Tigo's subscribers in Chile.
The lawsuit by a former employee against the founder and the departure of the chief business officer were known before the last session and did not stop the advance.
Watch the third-quarter report in early November for whether Premium subscriber growth keeps pace.
Routine buy-backs continued in the background.
Learn more · Why do stocks go up and down?