Croatia: Photomath
Overview
Photomath d.o.o. is a Croatian technology company linked to Google through Google’s acquisition of Photomath and subsequent Croatian corporate restructuring. The company is registered under OIB 20161538488 and MBS 081018659. Its full registered name is Photomath društvo s ograničenom odgovornošću za računalne i srodne aktivnosti. Its registered office is Strojarska cesta 20, 10000 Zagreb. CompanyWall lists the company as active and operating since 8 March 2016.
Google acquisition and ownership
The European Commission approved Google’s acquisition of Photomath unconditionally on 28 March 2023, concluding that the transaction would raise no competition concerns in the European Economic Area.
The current Croatian corporate ownership link is through Google Hrvatska d.o.o. za internetske usluge. FINA Info.BIZ lists Google Hrvatska d.o.o. as the sole member of Photomath d.o.o.; CompanyWall also lists Photomath’s current owner as Google Hrvatska d.o.o.
Leadership
The registered legal representative of Photomath d.o.o. is Paul Terence Manicle, listed as director. CompanyWall lists him as director from 31 July 2023, but the exact appointment date and the departure dates of Damir Sabol and Saša Škevin should be treated as single-sourced historical details unless checked against the court register.
Activity and market role
Photomath d.o.o. is registered under computer-programming and related information-service activities. FINA lists 62109 — Ostalo računalno programiranje under NKD 2025, and CompanyWall lists K62109.
Photomath key financial data
Data in €
| Year | Revenue / total income | Profit / loss | Employees |
|---|---|---|---|
| 2022 | 9,353,685.71 | 583,912.81 | 159 |
| 2023 | 5,541,220.64 | 327,762.98 | 71 |
| 2024 | 693,629.10 | 44,079.42 | 0 |
| 2025 | 125,991.00 | 69,479.00 | 0 |
Latest financial snapshot
| Indicator | Latest available value |
|---|---|
| 2025 revenue / total income | €125,991 |
| 2025 net profit | €69,479 |
| 2025 EBIT | €77,711 |
| 2025 EBITDA | €106,920 |
| 2025 employees according to hours worked | 0 |
| 2024 equity / capital | €1,820,876.51 |
| 2024 assets | €1,989,253.51 |
| 2024 short-term liabilities | €159,270.84 |
The 2022–2024 figures are exact CompanyWall/FINA figures. The 2025 figures are from FINA Info.BIZ. Photomath’s public Croatian accounts show a sharp post-acquisition decline in revenue and employees, from 159 employees in 2022 to 71 in 2023 and 0 in 2024, with FINA Info.BIZ also listing 0 employees according to hours worked in 2025.
