contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
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) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
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  companies {
    name
    description
    pageUrl
    id
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}

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

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
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      name
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      viewerIsFollowing
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      defaultInstrument {
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        marketOpen
        marketClose
        marketplace {
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        returns {
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    tags {
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    createdAt
    ... on Video {
      liveTime
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    ... on Webcast {
      liveTime
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    slug
    ... on CompanyReport {
      reportUrl
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    ... 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 {
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      snapshot {
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          estimates {
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            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
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        }
      }
      id
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    id
  }
}

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

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


ssh-communications-security-corporations-report-of-the-board-of-directors-and-financial-statements-corporate-governance-statement-and-remuneration-report-2025-published

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

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reactionGroups

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translations

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SSH Communications Security operates in the IT sector. The company specializes in the area of security solutions. The software solutions are delivered via the cloud-based system and are mainly focused on encryption, file management, as well as consulting and support for various IT environments. The operations are conducted on a global level with subsidiaries throughout Europe, North America and Asia. The headquarters are located in Helsinki.

Roni has written a new company report on SSH after the Q4 results were released  SSH’s Q4 was even slightly softer than our forecasts following the profit warning, although the weakness was mainly explained by a one-off license deal. The growth guidance was soft in terms of information value and contained very little concrete detail on the growth outlook brought by the Leonardo partnership. The potential brought by the partnership is significant, but without evidence, we believe the risk-reward ratio of the stock—which prices in strong scalable growth—remains weak at the current valuation. We reiterate our EUR 2.0 target price and sell recommendation.                   Inderes              SSH Q4'25: Kasvunäkymään soisi lisää konkretiaa - Inderes    SSH:n Q4 oli vielä tulosvaroituksen jälkeisiä ennusteitamme hieman vaisumpi, vaikka heikkoutta selittikin pääasiassa kertaluonteinen lisenssikauppa.

I listened to the interview. I don’t know if it’s just me, but the answers to the questions seemed very “vague” to me. Is it worth letting your funds sit idle here when you could still exit at a profit? I didn’t get an answer from the interview.

Roni interviewed SSH CEO Rami Raulas regarding the Q4 results                    Inderes              SSH Q4'25: Vuosi paketissa - Inderes    Aika: 17.02.2026 klo 14.37 SSH:n liikevaihto laski vuoden viimeisellä kvartaalilla 21,1 %. Sijoittajia kiinnostava Leonardo‑yhteistyö eteni vuoden aikana ja siitä odotetaan kasvun hedelmiä tulevina vuosina.                             Topics: 00:00 Introduction  00:11 SSH’s year 2025  02:02 Negative profit warning  02:54 North America  04:07 Leonardo cooperation  08:16 Growth potential with Leonardo  09:06 Partnerships in Asia  10:31 Balance sheet situation  11:21 Hybrid loan  11:56 AI  15:25 Dependence on US companies  18:35 Guidance

Inderes              SSH COMMUNICATIONS SECURITY OYJ:N TILINPÄÄTÖSTIEDOTE 1.1. – 31.12.2025 - Inderes    SSH Communications Security Oyj | Pörssitiedote | 17.02.2026 klo 09:00:00 EETKoko vuoden liikevaihto laski 2 %, kvartaalin ja koko vuoden käyttökate ja liiketoiminnan rahavirta positiivisetLoka...                             Figures again below forecasts. The materialization of the Leonardo collaboration is not yet visible in the figures.

ssh.com              SSH Pörssitiedotteet                              SSH Communications Security Oyj | Stock Exchange Release | Feb 17, 2026, at 09:00:00 EET Full-year net sales decreased 2%, quarterly and full-year EBITDA and operating cash flow were positive October–December 2025:  ·Net sales were EUR 5.4 million (EUR 6.8 million)  ·EBITDA was EUR 0.1 million (EUR 1.7 million)  ·Operating profit (EBIT) was EUR -0.7 million (EUR 0.8 million)  ·Profit for the period was EUR -0.2 million (EUR 0.5 million)  ·Earnings per share were EUR -0.01 (EUR 0.011) January–December 2025:  ·Net sales were EUR 21.6 million (EUR 22.2 million)  ·EBITDA was EUR 1.5 million (EUR 3.4 million)  ·Operating profit (EBIT) was EUR -2.2 million (EUR -0.3 million)  ·Profit for the period was EUR -2.3 million (EUR -0.8 million)  ·Earnings per share were EUR -0.08 (EUR -0.06) Operating cash flow was EUR 1.1 million (EUR 2.7 million). The company’s equity ratio was 78.7% (52.8%), and liquid assets, including short-term liquid investments, were EUR 21.0 million (EUR 2.9 million).

Tomorrow we’ll get to read SSH’s updates regarding the financial statements! The January report linked by Alokas above served as a preview, but the forecast table was only in the report itself, so I’m posting the table here as a reminder

Here is a fresh company report on SSH from Roni.  We have lowered our Q4 forecasts following SSH’s negative profit warning, but our forecasts for the coming years remain largely unchanged as the warning was due to a one-off license deal. The most interesting aspect of the 2025 financial statements is the growth outlook, especially regarding the Leonardo partnership. The growth potential brought by the partnership is significant, but so far there is no evidence of accelerating growth, and in our view, the risk-reward ratio of the stock, which prices in strong scalable growth for the coming years, is weak. We reiterate our target price of EUR 2.0 and our sell recommendation.                   Inderes              SSH: Lisenssikauppa oli loppuvuonna tahmeaa - Inderes    Olemme laskeneet Q4:n ennusteitamme SSH:n negatiivisen tulosvaroituksen myötä, mutta lähivuosien ennusteemme ovat pitkälti ennallaan varoituksen johtuessa kertaluonteisesta lisenssikaupasta.

SSH Communications Security

SSH Communications Security Corporation | Stock Exchange Release | March 05, 2026 at 11:30:00 EETSSH Communications Security Corporation has today published the Report of the Board of Directors...

<div class="mfn-header mfn-header-finland"><p>SSH Communications Security Corporation | Stock Exchange Release | March 05, 2026 at 11:30:00 EET</p></div><div class="mfn-body"><p>SSH Communications Security Corporation has today published the Report of the Board of Directors, Financial Statements, and Auditor's Report for 2025. In addition, SSH has also published its Corporate Governance Statement and Remuneration Report for 2025.<br>&nbsp;<br>All these documents have been attached to this release as PDF files, and they are also available on SSH's website at:&nbsp;<a rel="noopener" href="https://www.ssh.com/investors">https://www.ssh.com/investors</a><br><br>The 2025 Annual Report will be published during Week 11, as previously announced.<br>&nbsp;<br>In Helsinki, March 5, 2026</p><p>SSH COMMUNICATIONS SECURITY OYJ<br>Michael Kommonen<br>CFO</p></div><div class="mfn-footer mfn-c3ec4ae040a8"><p><strong class="mfn-heading-1">For further information:</strong><br>Michael Kommonen, CFO, tel. +358 40 183 5836, email <a rel="noopener" href="mailto:Michael.Kommonen@ssh.com">Michael.Kommonen@ssh.com</a><br>Markku Karppi, General Counsel, tel. +358 50 586 0552, email <a rel="noopener" href="mailto:Markku.Karppi@ssh.com">markku.karppi@ssh.com</a></p></div><div class="mfn-footer mfn-61282caf35f7"><p><strong class="mfn-heading-1">Distribution:</strong><br>Nasdaq Helsinki Ltd.<br>Major media<br><a rel="noopener" href="https://www.globenewswire.com/Tracker?data=4Ux4iY5S36u93hpn6iSNh1G1WCTD0pt-fApnMvu3tzMz4UHF03A9mNbe25_ez_-nn99ubSnzpQwpfKu0_Q-oWPj5_yV_MkJhP3NrQxRdKggtUhbm3-Nu-5MK8lLBp2ft5wfrARLnwCGXNE7LmjNBKNl75ooo1qicZp_hxEZG4-zKhrUbCCJM0iILJbUKUxqHvTB2HNv6OFhgY0qll3BJUtCSpEne33KNuCYXQsa-kLESVqoqLyPdcJTFQP5u3saqzZKl1XT6HnLxfHx5Cs4DPjwfS1n9pe9z27C8lNYO8mA1Z7z6t5tonxSi8uZNiY9-QOXjzPVa4Q9WXpHmKKGQlQvMwL1J_qLQdAMWpo6dRB_AWu9yem3Sa03-fTwrkey_TKYJCVnVqmVXaqz0GfkmTc_k8LnrY3LdnEsU-G8QRm0=">www.ssh.com</a></p></div><div class="mfn-footer mfn-e6e04cb4bd5e"><p><strong class="mfn-heading-1">About SSH</strong><br>SSH is a leading defensive cybersecurity company that secures communications between humans, systems, and networks. We specialize in Zero Trust Privileged Access Controls and Quantum Safe Network Security. Our customers include a diverse range of enterprises, from multiple Fortune 500 companies to SMBs across various sectors such as Finance, Retail, Technology, Industrial, Healthcare, and Government. 25% of Fortune 100 companies rely on SSH’s solutions. Recent strategic focus has expanded SSH business to Defence, Critical Infrastructure Operators, Manufacturing OT Security and Public Safety. Leonardo S.p.A – a global industrial group for Aerospace, Defence and Security - became the largest shareholder of SSH in Q4 2025. SSH company’s shares (SSH1V) are listed on Nasdaq Helsinki.</p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Attachments</strong><br><a rel="noopener" href="https://storage.mfn.se/94f1ad51-5b0f-4852-9390-e655222cf083/ssh-financial-statements-2025.pdf" class="mfn-primary">SSH Financial Statements 2025</a><br><a rel="noopener" href="https://storage.mfn.se/cde6fd73-a581-4ff1-a8cb-841e0a8a8f07/ssh-auditors-report-2025.pdf">SSH Auditors Report 2025</a><br><a rel="noopener" href="https://storage.mfn.se/eb3fd091-036a-4ec7-892c-597defb38d5f/ssh-corporate-governance-statement.pdf">SSH Corporate Governance Statement</a><br><a rel="noopener" href="https://storage.mfn.se/9de2fb90-adf0-49f7-8734-3ecd702dc543/ssh-remuneration-report-2025.pdf">SSH Remuneration Report 2025</a><br><a rel="noopener" href="https://storage.mfn.se/3bb3f963-be57-4723-b9e6-893f48dd0a31/7437007N96FK4N3WHT09-2025-12-31-1-fi.zip">7437007N96FK4N3WHT09-2025-12-31-1-fi</a></p></div>

SSH Communications Security Corporation’s Report of the Board of Directors and Financial Statements, Corporate Governance Statement and Remuneration Report 2025 published