F-Secure Oyj/€FSECURE

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About F-Secure Oyj

F-Secure Oyj is a cybersecurity company headquartered in Helsinki, Finland. It specializes in providing solutions to protect businesses and consumers from digital threats. The company's core offerings include antivirus software, endpoint protection, and cloud-based security services. F-Secure's products are known for their robust security features and user-friendliness, catering to both small and large enterprises. Established in 1988, the company has a long-standing presence in the cybersecurity industry and operates globally, with a focus on Europe. F-Secure leverages its experience in threat intelligence and research to maintain a competitive edge in the evolving cybersecurity landscape.
Ticker
€FSECURE
Sector
Software & Cloud Services
Primary listing
XHEL
Employees
616
Headquarters
Helsinki, Finland
Website
www.f-secure.com

F-Secure Oyj Metrics

BasicAdvanced
€340M
18.24
€0.11
0.80
€0.04
2.05%

Bulls say / Bears say

F-Secure’s Q2 currency-neutral revenue grew 9.9%, led by Embedded Security, while the Verizon agreement adds more than $15 million of annual revenue in its first full year. Management has raised its 2026 revenue-growth outlook to 7–12%. (Inderes, Inderes)
The company is expanding its scam-protection products through established telecom partners rather than relying only on direct sales. Its enlarged NTT DOCOMO offering in Japan and deepfake-protection launch through the Embedded portfolio could increase adoption across its service-provider network. (F-Secure, F-Secure)
F-Secure is building a new position in AI-related consumer trust, extending beyond conventional antivirus into protection for AI-assisted digital journeys. Its AMD Silo AI collaboration supports on-device and cloud model routing, giving the company potential new product opportunities as agentic AI adoption grows. (F-Secure, F-Secure)
Profitability is moving in the wrong direction despite faster growth. Q2 adjusted EBITA fell to €11.0 million from €11.9 million, and its margin dropped to 27.7% from 32.2%; full-year adjusted EBITA guidance of €44–50 million is below the €50.3 million achieved in 2025. (Inderes, Simply Wall St)
The growth strategy is weakening some existing revenue streams and margins. Direct-business revenue is expected to decline as F-Secure avoids paid customer acquisition, while the shift towards Embedded Security is expected to lower gross margin compared with its Security Suite business. (Inderes, Inderes)
The AI strategy is a longer-term option, not a near-term earnings driver. F-Secure’s TrustPath and TrustGuard services are only expected to enter beta in Q4 2026 and production in 2027, while the company has said these initiatives will not materially affect 2026 revenue. (F-Secure, Inderes)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
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