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Hacksaw AB: Business Overview, Financials & Competitive Analysis

Hacksaw AB scores 8/10 on the AskCyborg Cyborg Score (Strong). Profitable iGaming tech platform with exceptional margins, 100%+ growth trajectory, and newly accessed capital markets positioning for continued expansion. Hacksaw exhibits strong fundamentals with dominant EBITDA margins (82%), rapid revenue growth (104% YoY), proven profitability (€109.4M post-tax profit in 2024), and recently achieved public company status with successful IPO. The.

What is Hacksaw AB's industry? Hacksaw AB (hacksawgroup.com) operates in iGaming Software & Game Development / B2B Gaming Technology. AskCyborg classifies Hacksaw AB under iGaming Software & Game Development / B2B Gaming Technology in its company registry.

Hacksaw AB is a B2B iGaming technology platform and game development company that creates digital slots, scratch cards, and instant win games for licensed operators worldwide. The company also operates a proprietary R...

8/ 10Strong

Cyborg Score thesis

Profitable iGaming tech platform with exceptional margins, 100%+ growth trajectory, and newly accessed capital markets...

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Industry iGaming Software & Game Development / B2B Gaming Technology
1 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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Hacksaw AB OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Hacksaw AB Overview

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Hacksaw AB is a B2B iGaming technology platform and game development company that creates digital slots, scratch cards, and instant win games for licensed operators worldwide. The company also operates a proprietary Remote Gaming Server (RGS) platform serving customers across regulated markets.

Strategic Profile

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Following its June 2025 IPO on Nasdaq Stockholm at a €2 billion valuation, Hacksaw has emerged as a major iGaming supplier positioned in the large-cap segment. The company demonstrates strong profitability with 82% EBITDA margins and exceptional growth momentum, having achieved 104% revenue growth in 2024 versus 2023.

Competitive Landscape

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Hacksaw competes in the B2B iGaming software supply sector alongside platforms like GiG Software. The company differentiates through comprehensive game portfolio (slots, scratch cards, instant wins), proprietary RGS technology, and proven ability to serve both regulated private and state-owned operators across multiple jurisdictions including Sweden and Czech Republic.

Industry Context

Hacksaw AB operates in iGaming Software & Game Development / B2B Gaming Technology.

Key facts

Founded: 2017 · Headquarters: Stockholm, Sweden · Employees: 254 (as of Feb 2026) · Revenue: €137.1M (2024); ~598M SEK (Q4 2024) · Market cap: ~16.41B SEK (€1.5B-€2B range)

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Hacksaw AB.

  • Recently IPO'd in June 2025 on Nasdaq Stockholm following heavily oversubscribed offering (€306M-€352M raised), adding 16,000+ new shareholders
  • Exceptional profitability metrics: 82% EBITDA margin (~1.83B SEK) and €109.4M post-tax profit in 2024 demonstrate operational excellence
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Recent developments

Material events tracked by the AskCyborg corpus.

  • June 2025Nasdaq Stockholm IPO listing under ticker HACK with €2B valuation; heavily oversubscribed offering
  • Q4 2024Revenue of €137.1M representing 104% YoY growth; post-tax profit of €109.4M
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

GiG Software PlatformiGaming software and platform solutions provider→

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Industry context

Hacksaw AB operates in iGaming Software & Game Development / B2B Gaming Technology. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Hacksaw AB do?+
Hacksaw AB is a B2B iGaming technology platform and game development company that creates digital slots, scratch cards, and instant win games for licensed operators worldwide. The company also operates a proprietary R...
What is Hacksaw AB's Cyborg Score?+
Hacksaw AB has a Cyborg Score of 8/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Hacksaw AB's main competitors?+
Named competitors include GiG Software Platform. The full competitive landscape is in the AskCyborg report.
How can I get the full Hacksaw AB research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Hacksaw AB research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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