contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          slug
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


coffee-stain-group-publishes-annual-report-202526

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Coffee Stain Group brings together Scandinavian game developers and publishers with a portfolio of community-driven games primarily for PC and console. The company has built titles such as Goat Simulator, Satisfactory, Deep Rock Galactic, Valheim, Teardown and Welcome to Bloxburg. The group consists of several game studios, including Coffee Stain, Ghost Ship and Tuxedo Labs. The head office is located in Karlstad.

You can get decent reviews for almost any game when you filter for English and >2h of playtime. Even Remedy’s FBC: Firebreak has 78%! I learned this the hard way  The first 2 hours are the refund period. The CCU (Concurrent User) decline angle is quite steep, so there are likely a fair amount of refunds involved, and due to the reviews, the large masses will probably skip buying it at this stage. The development time for this game has been and will be far too long! Revealed in 2023, early access in 2026. In other words, 5–10 years from concept to 1.0 launch! The golden age of Vampire Survivors clones has come and gone. In itself, the peak CCU is quite good, considering this EA (Early Access) launch might not have been marketed very aggressively. At least it didn’t reach my bubble. They were probably aware of the game’s issues and released it quietly? On the other hand, DRG is a very well-known IP, so a launch CCU of twenty thousand or so is the absolute minimum. I suppose with this performance, they will eventually reach at least 1M copies sold.

Rogue Core launched as an early access game last night and has quite decent numbers to start with. It has a well-known IP + word-of-mouth and a large number of alpha + playtests behind it. However, the game isn’t completely without issues yet, and even though it looks very polished, reviews report problems that the developers will need to address. Nowadays, I set the Steam review language to English and playtime to at least 2h (Steam’s refund time limit), which brings the rating to a very positive 80%. The Chinese audience is a very critical group; they seem to give a thumbs down quite quickly (often they can’t even open the game due to various restrictions) and drag the ratings down significantly. 42k start and 80% (filtered) reviews.

Inderes              Interim Report Q4, January - March 2026: Net sales amounted to SEK 260 million...    FOURTH QUARTER, JANUARY-MARCH 2026 (COMPARED TO JANUARY-MARCH 2025)Net sales increased by 20% (40% organic growth in constant currencies) to SEK 260 million (216).Cash EBIT amounted to SEK 81...                              And distributing cash to owners in the form of dividends. Additionally, the board intends to seek authorization for 150 MSEK worth of share buybacks.  Cash flow easily takes a hit from the SEK-USD currency pair. Revenue comes mainly in dollars, while development costs are in kronor. After a good start, Fellowship doesn’t seem to be recovering, so it looks like they will start scaling this down and new strategies must be developed so it doesn’t become too big of a cash burner. In addition to the core built around long-tail legacy games, there is still plenty in the pipeline. I’m keeping Coffee Stain in my portfolio.  There is certainly performance pressure left for the next fiscal year, even though there’s already plenty of good news here. The cash reserves will empty with the capital distribution, but of course, CSG management wants to demonstrate that they have a strong company.  Can they keep the strong IPs profitable? Launching new games—will these grow into new products for the strong core? A few margins are under pressure—will their direction turn? Fellowship’s cash burn—how will this be turned around or will it be buried? Will the “word-of-mouth” stay active?   ( Insynshandel Coffee Stain | Aktuell data och historik ) 15:18 Anton Westberg hit the buy button, accumulating 120,000 shares at a price of 21.06 SEK.  May 16th I forgot to mention that Deep Rock Galactic Rogue Core opens for Early Access on May 20th.                   store.steampowered.com              Deep Rock Galactic: Rogue Core Steamissä    DEEP ROCK GALACTIC: ROGUE CORE is a 1-4 player co-op FPS action roguelite featuring sci-fi dwarves, alien horrors and procedurally-generated caves. Join the elite dwarven Reclaimers and fight through perilous mining facilities infested with deadly...

Sijoituskästi analyst Jani Järvinen visited the Portfolio Review and spent 10 minutes explaining why the company ended up in his portfolio, and with the largest weight at that!  Discussion about Coffee Stain Group starts at 31:49.                   Inderes              Kuopiolainen tuhkimotarina ft. Jani Järvinen | Salkkukatsaus - Inderes    Aika: 04.05.2026 klo 15.01 Sijoituskästin analyytikko Jani Järvinen on tehnyt sen, mistä moni voi vain unelmoida: äkkirikastuminen olemattomalla riskillä ja sen jälkeen pääoman kasvattaminen miljoonaluokkaan sijoittamalla.

Jani Järvinen is discussing a coffee stain on Xitter.  https://x.com/jamber0/status/2021904831183720592

After the open, the reaction was positive, but now, an hour later, the gains have already been erased. Sentiment in the gaming industry is incredibly bearish. What do the results matter when the narrative is that AI is coming to disrupt it all soon.

Mikko has been on the buy side for gaming companies. Coffee Stain is apparently the largest position in the portfolio.

Coffee Stain Group

Coffee Stain Group today publishes its annual report for the financial year 2025/26.The annual report is attached to this press release and is available on the company’s website.For more information...

<div class="mfn-preamble"><p><strong>Coffee Stain Group today publishes its annual report for the financial year 2025/26.</strong></p></div><div class="mfn-body"><p>The annual report is attached to this press release and is available on the company’s <a href="https://coffeestain.com/investors/reports-and-presentations/" rel="noopener">website</a>.</p></div><div class="mfn-footer mfn-contacts mfn-9e583cca5e4a"><p><strong class="mfn-heading-1">For more information, please contact:</strong><br>Erik Sunnerdahl, CFO<br>erik.sunnerdahl@coffeestain.com</p></div><div class="mfn-footer mfn-about mfn-e98a1343380b"><p><strong class="mfn-heading-1">About Coffee Stain Group</strong><br>Coffee Stain Group brings together Scandinavian game developers and publishers with a portfolio of community-driven games primarily for PC and console. The Group has a proven track record of building successful titles such as <em>Goat Simulator</em>, <em>Satisfactory</em>, <em>Deep Rock Galactic</em>, <em>Valheim</em>, <em>Teardown</em> and <em>Welcome to Bloxburg</em>. The Group consists of around 240 employees across 12 game studios, including Coffee Stain, Ghost Ship and Tuxedo Labs.</p><p>For more information, visit <a href="https://coffeestain.com/" rel="noopener">coffeestain.com</a></p><p>Coffee Stain Group’s B shares are publicly listed on Nasdaq First North Premier Growth Market in Stockholm under the ticker COFFEE B.</p><p>Subscribe to press releases and financial information <a href="https://coffeestain.com/investors/press-releases/" rel="noopener">here</a>.</p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Attachments</strong><br><a class="mfn-generated mfn-primary" href="https://storage.mfn.se/d4fcae65-3dcf-49ae-a879-083fce00c579/coffee-stain-group-publishes-annual-report-2025-26.pdf" rel="noopener">Coffee Stain Group publishes annual report 2025/26</a><br><a href="https://storage.mfn.se/7031d5ea-4008-442c-8aa6-437256a9f1fc/coffee-stain-group-annual-report-2025-2026-eng.pdf" rel="noopener">Coffee Stain Group Annual Report 2025 2026 ENG</a></p></div>